Swiggy's upcoming ₹10,000-crore IPO includes fresh shares and an OFS, aiming to enhance its platform and expand services. Key details reveal financials, risks, and objectives for growth

Investors such as Accel, Coatue, Alpha Wave, Elevation, Norwest, and Tencent will be selling shares and decreasing their stake in the company.

Swiggy IPO is a combination of fresh issue of equity shares worth Rs 3,750 crore, and an offer-for-sale of 18.52 crore equity shares by the existing shareholders.

The offer proceeds are intended primarily for the acquisition of the Prestige Tech Platina asset by the Platina SPVs, with the remaining funds allocated for general corporate purposes.

Swiggy filed an updated DRHP yesterday to SEBI to raise Rs 3750 crore through the fresh issue. The food delivery platform will be raising nearly Rs 10,000 crore in funds through public offerings. Amid the IPO buzz,

Investors like Accel, Coatue, Alpha Wave, Elevation, Norwest, and Tencent will sell shares and reduce their ownership in the company to make way for new ones.

The offering consists of Rs 3,750 crore of fresh capital raise and an offer for sale component of 185.3 million shares.

Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO)

Sources, however, added that the company may decide to upsize the fresh issue component by another Rs 5,000 crore, taking the total fresh issue component up to Rs 11,600 crore