New Delhi, November 11: Swiggy is expected to conclude its IPO share allotment today. As the food delivery giant prepares for its stock market debut, the focus is on how the allotment process will proceed. On the allotment date, investors are informed about how many shares they have received compared to the number of shares they requested.

As per a report of Economic Times, the share allotment for the Swiggy IPO is expected to be finalised today. The online food and grocery delivery platform is set to debut on both the BSE and NSE on November 13. Reports indicate that shares will be distributed to investors using a lottery system. The registrar will supervise the process to ensure everything is fair and transparent. Zomato Launches ‘Food Rescue’ Feature To Reduce Food Wastage, Offers Cancelled Orders at Discounted Price.

According to a report of Business Today, the three-day period for investors to place their bids for the Swiggy IPO ended yesterday. The public offering of Swiggy, which is worth INR 11,327.43 crore, was priced between INR 371 and INR 390 per share, with a lot size of 38 shares. By the end of the subscription period, bids were made for a total of 57,53,07,992 shares, while 16,01,09,703 shares were available.

Swiggy's shares are set to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, November 13, 2024. Reports suggest that the shares are with a GMP of INR 1. If the current trends in the grey market continue, it is likely that Swiggy's shares will possibly list at around INR 391.

How To Check Swiggy IPO Allotment Status on Link Intime

To check your allotment status, first open the official registrar's website by visiting (https://linkintime.co.in/initial_offer/public-issues.html). Select Swiggy IPO from the dropdown menu. Next, enter your details such as PAN, application number, or DP client ID to proceed. After filling in the necessary information, press the Submit button. Your allotment status will then be displayed on the screen. Zomato Hyperpure Raid: CEO Deepinder Goyal Clarifies Button Mushrooms With ‘Future Packing Date’ Label After FSSAI Raid, Says Issue Was Due to ‘Manual Typing Error’ by Vendor.

How To Check Swiggy IPO Allotment Status on BSE

Begin by opening the Bombay Stock Exchange (BSE) website. Click on the 'Investors' option. Next, navigate to the 'Investor Services' dropdown menu and select 'Status of Issue Application.' Then, click on 'Application Status Check' and choose Equity as the issue type. Proceed by filling in the required details, including the 'Issue Name.' Finally, enter your PAN number and click on Search to view the status.

(The above story first appeared on LatestLY on Nov 11, 2024 09:38 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).