Swiggy’s IPO worth Rs 11,324 crore is open until November 8, with a price range of Rs 371-390 per share and a minimum lot size of 38 shares. Institutional investors like Accel India and Norwest Venture Partners are selling portions of their holdings, with the funds supporting debt repayment and expansion. Despite being unprofitable, Swiggy’s growth potential in the quick commerce sector makes the IPO attractive for long-term investors.
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