Swiggy is increasing its IPO size, now aiming to raise Rs 5,000 crore ($600 million) through a fresh issue of shares, up from the previous Rs 3,750 crore ($450 million) plan.
This move adds Rs 1,250 crore ($150 million) to its initial capital-raising goal. Originally, the company sought to raise a total of $1.25 billion, with Rs 3,750 crore from fresh shares and Rs 6,664 crore from an offer-for-sale (OFS). If approved at an October 3 meeting, the total IPO amount will rise to around $1.4 billion. The OFS component remains unchanged for now.