Food and grocery delivery company Swiggy has filed draft papers for an initial public offering (IPO) with capital markets regulator Securities and Exchange Board of India (Sebi), people aware of the matter said.
The Bengaluru-based company, which secured a nod from its shareholders for a $1.25 billion public listing earlier this week, has made the filings through Sebi’s confidential route.
The Bengaluru-based company, which secured a nod from its shareholders for a $1.25 billion public listing earlier this week, has made the filings through Sebi’s confidential route.
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Under the confidential route, the company will not publicly release a draft red herring prospectus (DRHP).
Responding to an email query sent by ET, a Swiggy spokesperson said, “We do not comment on any market speculation or rumours.”
ET reported on Thursday that Swiggy’s shareholders have green lit the public offering, which will include $450 million of fresh issue and up to $800 million in the offer-for-sale component.