Swiggy Files Updated DRHP With SEBI For INR 3,750 Cr IPO
As per the DRHP, Swiggy’s public issue will comprise a fresh issuance of shares worth INR 3,750 Cr and an OFS component of 18.53 Cr equity shares
The OFS component will be pegged at around INR 6,485 Cr. As a result, the total size of the company’s IPO will likely be around INR 10,000 Cr ($1.2 Bn).
Investors such as Accel, Coatue, Alpha Wave, Elevation, Norwest and Tencent will sell shares as part of the OFS component. While Accel India IV (Mauritius) Ltd will offload 1.05 Cr shares, Alpha Wave Ventures will dump 55.73 Lakh shares as part of the OFS component.
https://inc42.com/buzz/swiggy-files-updated-drhp-with-sebi-for-inr-3750-cr-ipo/
