As per the RHP, the decacorn’s long public issue will open for subscription on November 6 and close on November 8

Swiggy has trimmed the size of the OFS component to up to 17.5 Cr equity shares in the RHP compared to 18.53 Cr in its updated DRHP filed in September

While the company is yet to disclose its IPO price band, reports claim that Swiggy will set a price band of INR 371 to INR 390 for the IPO

After much ado, foodtech giant Swiggy finally filed its red herring prospectus (RHP) in the late hours of Monday (October 28).

As per the IPO papers, the decacorn’s public issue will open for subscription on November 6 and close on November 8. Anchor investors will be able to bid for Swiggy shares on November 5.

As per the RHP, Swiggy has increased the size of the fresh issue to INR 4,499 Cr from INR 3,750 Cr in its updated DRHP. However, this is lower than the INR 5,000 Cr fresh issue size for which it received shareholders’ nod recently.

Meanwhile, the company also trimmed the size of its offer for sale (OFS) component to up to 17.5 Cr equity shares compared to up to 18.53 Cr in its updated DRHP filed in September. This came on account of Dutch investor Naspers’ subsidiary MIH India Food Holdings selling fewer shares (10.9 Cr to be precise) now versus 11.82 Cr shares as per the updated DRHP.

While the company is yet to disclose its IPO price band, reports claim that Swiggy will set the price band in the range of INR 371 to INR 390. At the upper end of the spectrum, the IPO size would be over INR 11,300 Cr ($1.3 Bn).

(This story will be updated soon)