swiggy IPO

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Swiggy IPO: All You Need To Know Before Investing| Top Management Exclusive
Swiggy is planning to raise nearly 11,327 CR, which includes 4500 CR of fresh issues. The IPO is expected to open on November 6th and close on November 8th. The price band for the IPO is set at Rs 371-390 per share.
Swiggy is a food delivery and quick commerce company. It is one of the leading players in the Indian food delivery market. The company has a strong presence in both urban and rural areas. Swiggy is also expanding its quick commerce business, which delivers groceries and other essentials to customers in a matter of minutes.
Swiggy is expected to use the proceeds from the IPO to fund its growth plans, including expanding its operations, investing in technology, and marketing. The company is also expected to use the funds to reduce its debt.
Swiggy is a profitable company. In the finan #multibagger #stocks cial year 2023, the company reported a net profit of Rs 6.4 crore. The company is expected to continue to grow its profits in the coming years.
Swiggy is a good investment opportunity for investors who are looking for exposure to the Indian food delivery and quick commerce market. The company has a strong brand, a large customer base, and a profitable business model. However, investors should be aware of the risks associated