The much-anticipated Swiggy IPO, which closed on November 8, 2024, attracted strong investor interest with an overall subscription of 3.59 times. The Qualified Institutional Buyers (QIBs) led the demand, with their category subscribed 6.02 times, while retail investors also contributed, reaching 1.14 times subscription. Investors are now eagerly awaiting the allotment announcement, set for November 11, 2024. Swiggy’s shares are scheduled to list on November 13, 2024. Here’s a guide on how to check Swiggy IPO allotment status and key steps to follow in the process.
| Table Of Content |
|---|
| How to Check Swiggy IPO Allotment Status |
| Swiggy IPO Grey Market Premium (GMP) Trend |
| Swiggy IPO Listing Gains |
| Important Dates to Remember for Swiggy IPO |
| Key Tips for Listing Day |
| Top FAQs |
How to Check Swiggy IPO Allotment Status – key Steps
You can verify if you’ve secured an allotment in a few ways:
- Through the Registrar’s Website (Link Intime)
- Visit Link Intime’s website- https://linkintime.co.in/Initial_Offer/public-issues.html
- Select ‘Swiggy IPO’ under the equity section.
- Enter your PAN, application number, or DP/client ID.
- On BSE Website
- Go to the BSE allotment page – https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ and then the ‘Swiggy IPO’ option.
- Enter your application number or PAN to check if shares have been allotted to you.
If the allotment is confirmed, shares should be credited to your Demat account by November 12, 2024.
- Through Bank (ASBA):
- Log in to your bank account: Go to your bank’s online banking website or mobile app.
- Locate IPO section: Once logged in, search for an IPO-related section under the “Investments” or “Applications” tab (this can vary by bank).
- Select IPO Application Status: Look for a link that says “IPO Allotment Status” or “Check IPO Application Status.”
- Enter required details: You will be asked to provide your PAN number, Application number, or Client ID.
- View status: After entering the information, you will be shown if you have been allotted shares and the number of shares allotted.
Sources: ICICI Bank, Axis Bank, HDFC Bank provide direct links to check the status via their banking platforms.
- Through Demat Account:
- Log in to your trading account: Use the credentials to log in to your broker’s trading platform (like Zerodha, Upstox, Angel One, etc.).
- Navigate to IPO Section: Once logged in, navigate to the IPO section under the “Portfolio” or “Investments” tab.
- Check IPO Status: There should be an option to check the IPO allotment status.
- Enter details: You might need to enter PAN number, Application number, or Demat account number to view the allotment status.
- View results: If allotted shares, they will be credited to your demat account and the status will reflect the number of shares allotted.
These platforms offer timely updates, ensuring investors can quickly confirm their allotment status.
Swiggy IPO Grey Market Premium (GMP) Trend
The Grey Market Premium (GMP) for Swiggy has fluctuated leading up to the allotment date. Here’s a summary:
| Date | GMP (₹) |
|---|---|
| November 6, 2024 | 10 |
| November 7, 2024 | 7 |
| November 8, 2024 | 5 |
| November 9, 2024 | 2 |
The drop in GMP from ₹10 to 2 may signal caution among investors about initial listing gains. GMP trends give an idea of potential listing price expectations, although they aren’t a guarantee of actual market performance.
Swiggy IPO Listing Gains
With the GMP at 2, Swiggy’s listing could see limited gains on day one. However, several factors, including overall market sentiment, investor demand, and last-minute GMP changes, can affect the final listing price. The IPO could still attract buyers given Swiggy’s market leadership in food delivery and its potential for future growth.
Important Dates to Remember for Swiggy IPO
| Event | Date |
|---|---|
| Allotment Finalization | November 11, 2024 |
| Refunds Processed | November 12, 2024 |
| Shares Credited to Demat | November 12, 2024 |
| Listing Date on NSE & BSE | November 13, 2024 |
Key Tips for Listing Day
- Watch the Market: IPOs can be affected by broader market trends. A volatile market could impact Swiggy’s listing price.
- Track Last-Minute GMP Changes: Although current GMP is low, any shifts right before listing can indicate new investor sentiment.
- Check Trading Volume: High volumes can signal strong demand, while low volumes may suggest cautious interest.
Top FAQs
- What was the total subscription rate?
Swiggy’s IPO was subscribed 3.59 times, with strong demand from QIBs. - How do I check my allotment status?
You can check via Link Intime’s website or the BSE website using your PAN or application details. - When will shares be credited to my Demat account?
Shares should be credited on November 12, 2024. - What are the recent GMP trends?
GMP fell from ₹10 on November 6 to zero by November 8, indicating cautious investor sentiment. - What kind of listing gains can I expect?
Based on the current GMP, listing gains might be modest. The final listing price will largely depend on market sentiment on listing day.
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