Swiggy’s latest listing plan includes Rs 5,000 crore fresh issue

Swiggy plans to increase the fresh issue component of its upcoming IPO to ₹5,000 crore and will seek shareholder approval at an EGM on October 3. The company initially aimed to raise ₹3,750 crore in fresh capital. Swiggy recently reported a 36% rise in operating revenue and a reduced net loss for the year ended March 31, 2024.