Swiggy Gets SEBI Nod For IPO, Eyes Listing In November

Following the nod, the startup will now file two updated DRHPs – one addressing SEBI’s comments on its confidential DRHP and another seeking public comments

While the final decision is yet to be taken, the startup is likely to launch its IPO in November

Swiggy declined to comment on the development

Foodtech major Swiggy has reportedly received approval from the Securities and Exchanges Board of India (SEBI) for its initial public offering. 

Following the nod, the startup will now file two updated draft red herring prospectus (DRHPs) – one addressing SEBI’s comments on its confidential DRHP and another seeking public comments, Moneycontrol reported citing sources.

The report said that Swiggy can file its red herring prospectus (RHP) only after this. The exact size of the public offer is yet to be announced. 

“Though no final call has been taken, the Swiggy issue may launch in November. Discussions with anchor investors will begin now,” a source told the publication.  

Swiggy declined to comment on the development.

(This is a developing story.)