Swiggy Ltd - IPO

Swiggy Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Re. 1 each (equity shares) of Swiggy Limited (the company or the company) for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (offer price) aggregating up to Rs. [*] crores (the offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 3750.00 crores (the fresh issue) and an offer for sale of up to 185,286,265 equity shares aggregating up to Rs. [*] crores (the offer for sale), consisting of up to [*] equity shares aggregating up to Rs. [*] crores by the individual selling shareholders (as defined hereinafter) and up to [*] equity shares aggregating up to Rs. [*] crores by corporate selling shareholders (as defined hereinafter) (collectively, the selling shareholders and such equity shares, the offered shares). In accordance with the terms of the shareholders agreement, the company and selling shareholders, in consultation with the book running lead managers, may consider undertaking an issuance of specified securities, including by way of a private placement or such other route as may be permitted under the applicable law, for a cash consideration aggregating up to Rs. 750.00 crores, at its discretion, with the roc, subject to receipt of requisite approvals, if any (the pre-ipo placement). If the pre-ipo placement is undertaken, it will be at a price to be decided by the company and selling shareholders, in consultation with the book running lead managers and the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the offer complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus. The price band and the minimum bid lot shall be decided by the company.

Objective of issue

Investment in its Material subsidiary scootsy for repayment or pre payment in full or in part of certain or all of its borrowings. Expansion of its Dark Store network for its quick commerce segment through dark stores. Making lease licence payments for dark stroes. investment in technology and cloud infrastructure. Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform across its segments. General corporate purposes.

Swiggy Ltd Contact Details

Swiggy Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - secretarial@swiggy.in

Website - www.swiggy.com