Swiggy successfully completes INR 10,000 Crore Qualified Institutions Placement

Swiggy Limited ("Swiggy" or the "Company") (BSE code: 544285, NSE: SWIGGY) has completed its Qualified Institutions Placement (QIP) of equity shares, raising INR 10,000 crore. The QIP saw strong and diversified participation from marquee global and domestic institutional investors.

The issue was launched on December 9, 2025 and closed on December 12, 2025, with the Issue Price of INR 375.0 per equity share, representing a 4% discount to the floor price of INR 390.5 per equity share, determined in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Sriharsha Majety, MD & Group CEO, Swiggy Limited, said, " The strong response to our QIP from both global and domestic institutional investors, including new investors since our IPO last year, reflects deep confidence in Swiggy's business fundamentals, disciplined execution, and long-term value creation roadmap. The additional capital provides us the flexibility to strengthen our core businesses, scale Instamart while maintaining financial prudence, and invest in innovation to continue to deliver unparalleled convenience."

Key Transaction Highlights:

- This is one of the largest transactions in the Indian Consumer Tech space. It is also the 2nd largest QIP by a non-banking company ever in India.

- QIP saw healthy interest from all pools of capital across Domestic Mutual Funds ("MFs"), Domestic Insurance Companies, Sovereign Wealth Funds ("SWFs") and Foreign Institutional Investors ("FIIs") - underscoring investor's confidence in Swiggy's story.

- Witnessed interest from 80+ investors with allocations to 61 investors; of which over 15 are new shareholders

- Participation from 21 mutual funds, including each of the top 10 MFs in the country viz. SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF, Kotak MF, Mirae MF, Axis MF and Birla MF among others

- Healthy interest from 8 domestic insurance companies including ICICI Prudential Life Insurance and HDFC Life Insurance, among others

- Key global investors (c.50 investors) showed interest, including Capital Group, Government of Singapore (GIC), BlackRock, Nomura Asset Management, Temasek, Fidelity and Goldman Sachs Asset Management among others

The proceeds from the QIP will be utilized for:

- Investment in the expansion and operations of the quick commerce fulfilment network, including dark stores and warehouses;

- Investment in technology and cloud infrastructure;

- Brand marketing and business promotion expenses to enhance the brand awareness and visibility of the platform, across the segments;

- Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Book Running Lead Managers and Legal Counsels: Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited acted as Book Running Lead Managers to the QIP. Cyril Amarchand Mangaldas was the Legal Counsel to the Company while AZB & Partners and Latham & Watkins were the Legal Counsels to the Book Running Lead Managers.

Shares of Swiggy Limited was last trading in BSE at Rs. 416.70 as compared to the previous close of Rs. 401.30. The total number of shares traded during the day was 2113160 in over 24863 trades.

The stock hit an intraday high of Rs. 421.60 and intraday low of 403.85. The net turnover during the day was Rs. 879104790.00.

Source : Equity Bulls

Keywords

INE00H001014 Swiggy ERetail ECommerce QIP FundRaising