Archive · 14 Dec 2025
Swiggy raises ₹10,000 crore via QIP
Swiggy, a company that delivers food and groceries, raised a lot of money, ₹10,000 crore, by selling shares to big investors.
They sold these shares at a discount, which means they were cheaper than the usual price.
Most of the money came from investors in India, but some also came from big investors around the world.
Swiggy plans to use this money to grow its quick delivery service, where they deliver groceries and other items very fast.
This is important because there are other companies doing the same thing, and it's a competitive market.
The money raised will help Swiggy stay strong and expand its services.
The company's share price has seen some fluctuations, but the successful QIP shows that many investors believe in Swiggy's future.
Swiggy raised ₹10,000 crore through a qualified institutional placement (QIP).
Shares were allotted at ₹375 each, a 4% discount to the floor price of ₹395 per share.
Domestic and global institutional investors participated strongly, including 21 mutual funds and 8 domestic insurance companies.
Proceeds will be used for expanding the quick commerce network, investing in technology, brand marketing, and general corporate purposes.
Swiggy's share price has fallen 3.25% since its listing in November 2024, despite a successful QIP.
- Who
- Swiggy, a food and grocery delivery company
- What
- Raised ₹10,000 crore via a qualified institutional placement (QIP)
- When
- The issue was launched on December 9 and closed on December 12, 2025
- Where
- Bengaluru, India
- Why
- To bolster its balance sheet, expand its quick commerce network, invest in technology, and enhance brand awareness
Investor Confidence
Market Performance
Investor Participation
Investor Confidence
The QIP saw strong participation from both domestic and global institutional investors, reflecting confidence in Swiggy's business fundamentals and growth potential.
Market Performance
Despite the successful QIP, Swiggy's share price has fallen 3.25% since its listing in November 2024, indicating some investor caution.
- Amount Raised
- ₹10,000 crore
- Issue Price
- ₹375 per share
- Discount
- 4% discount to the floor price of ₹395 per share
- Closing Price
- ₹416.70
- Investor Participation
- 21 mutual funds, 8 domestic insurance companies, and key global investors
- New Shareholders
- Over 15 new shareholders
- Proceeds Utilization
- Expansion of quick commerce network, technology and cloud infrastructure, brand marketing, inorganic growth, and general corporate purposes
- Book Running Lead Managers
- Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and Citigroup Global Markets India Private Limited
- Legal Counsel
- Cyril Amarchand Mangaldas, AZB & Partners, and Latham & Watkins