Investors are eagerly awaiting the allotment results for Swiggy’s Rs 11,327-crore IPO, expected to be finalized today, November 11, following robust demand. The IPO, open from November 6 to 8, saw a high oversubscription of 3.59 times, with 57.53 crore bids against 16 crore shares on offer. According to BSE data, the Swiggy IPO was subscribed 12% on the first day and reached 35% by the second day.

Investors can verify if shares were allotted by reviewing the allotment status through either the Link Intime India Private Ltd. website or the BSE website. If shares were not allotted, the refund process will start on Tuesday, November 12, while those allotted shares will see them credited to their demat accounts by tomorrow, November 13. Swiggy is set to list on the stock exchange on Wednesday, November 13.

How to check swiggy IPO allotment status online via Link Intime

Link Intime India Private Ltd. is the official registrar for Swiggy’s IPO, and investors can follow these steps to check their status:

  • Visit the Link Intime website: https://linkintime.co.in/initial_offer/public-issues.html 
  • Choose Swiggy’s IPO from the dropdown menu once the allotment is finalized.
  • Select either “Application Number,” “Demat Account,” or “PAN” to view the status.
  • Indicate your application type as either ASBA or Non-ASBA.
  • Fill in the relevant details, as chosen in Step 3.
  • Complete the captcha, then submit to view your allotment status.

How to check allotment status on NSE

Alternatively, the National Stock Exchange (NSE) website provides another way to check status:

Checking allotment status on BSE

Investors can also check allotment status on the Bombay Stock Exchange (BSE) website:

  • Go to https://www.bseindia.com/investors/appli_check.aspx 
  • Select “Equity” from the “Issue Type” dropdown.
  • Choose “Swiggy IPO” from the “Issue Name” list.
  • Enter your PAN or application number.
  • Confirm the captcha and submit the form to check your status.

Swiggy’s Grey Market Premium (GMP) update

Swiggy’s shares are expected to have a subdued debut on Wednesday amid mixed market sentiments. Initially showing a grey market premium (GMP) of Rs 18 per share on November 1, suggesting a potential gain of 4.62%, Swiggy’s GMP has since dropped to around Rs 1-2 per share.

Overview

Swiggy’s IPO price range was set at Rs 371-390 per share, valuing the Bengaluru-based company at approximately Rs 95,000 crore at the higher end. Swiggy holds a 34% market share in India’s food delivery industry, trailing Zomato’s 58%. In the quick-commerce sector, Swiggy’s Instamart commands a 20-25% share, while Zomato’s Blinkit leads with a 40-45% share.