Swiggy’s IPO has received approval from SEBI, marking an exciting development for investors looking to enter the food and grocery delivery sector. The company had previously submitted draft papers confidentially, and now with SEBI’s green light, Swiggy will file two updated Draft Red Herring Prospectuses (DRHP). One will address SEBI’s comments, while the other will seek public feedback.
Although no specific date for the IPO has been set yet, it is anticipated to launch by November 2024. Swiggy’s entry into the public market is expected to intensify competition with Zomato in the food delivery space.
Notably, several celebrities, including Bollywood actress Madhuri Dixit, have already invested in Swiggy, indicating strong interest in the company’s future prospects. This IPO could be a significant opportunity for investors looking to capitalize on the growing demand for food delivery services.
