Swiggy's IPO is coming soon. Many bigwigs have their money invested in this company. Which includes everyone from cricketers to Bollywood actors. Who have already bought a substantial stake in this company. After the IPO of this company, many giants can earn big money. According to a report, the online food distribution market is expected to grow at the rate of 20 percent during calendar year 23-28. Whose CAGR is expected to be 8-10 percent. According to the report, grocery will remain the major category for quick commerce with 60 percent share. However, quick commerce, which is only 0.3 per cent of India's retail market, can increase its share by 2-3 per cent, with a growth rate of 60-80 per cent. Let us also tell you which giants can get huge benefits from this IPO.

These giants have invested

Before the IPO, Swiggy shares were actively traded in the unlisted market. In which cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, studio owner Karan Johar and actor and entrepreneur Ashish Chaudhary had bought stakes in the company. Apart from this, Swiggy also received investments from Bollywood icons like Madhuri Dixit, Amitabh Bachchan bought some shares in the company's pre-IPO round through the secondary market. Apart from this, Dalal Street veteran and Motilal Oswal Financial Services' Ramdev Agarwal has also taken stake in Swiggy.

Special features of Swiggy IPO

1. According to an ET report, Swiggy has also received a good response from institutional investors for its $600 million anchor book.
2. The special thing is that the issue in this category was subscribed 25 times more and bids worth 15 billion dollars were received.
3. Major investors competing for the IPO include global investment firms Fidelity, Capital Group and Norges Bank Investment Management.
4. Swiggy's IPO is scheduled to be launched on November 6 and investors can bid for shares till November 8.
5. The company has kept the IPO price between Rs 371-390 per share. The company has increased its fresh equity sale in IPO to Rs 4,499 crore.
6. The size of OFS has been reduced to 17.5 crore shares. Swiggy is coming up with an IPO at a lower valuation of $11.3 billion compared to its earlier target of around $15 billion.
7. The valuation was reduced due to the current volatility in the market and the disappointing start of Hyundai India.
8. The food delivery company will use the IPO proceeds to invest in its material subsidiary company Scootsi, invest in tech and cloud infrastructure and for brand marketing and business promotion. This will be done over a period of four to five years.