Swiggy’s Board has approved the opening of its Qualified Institutions Placement (QIP) issue, with a floor price of ₹390.51 per equity share. The decision was made on December 9, 2025, following shareholder approval at an Extra-ordinary General Meeting on December 8, 2025. The company may offer a discount of no more than 5% on the floor price.
QIP Issue Approved
Swiggy Limited has announced the approval to proceed with a Qualified Institutions Placement (QIP) of its equity shares. The decision was finalized during an Investment & Allotment Committee meeting on December 9, 2025. The QIP aims to raise capital under Chapter VI of the relevant regulations.
Key Decisions
The Investment & Allotment Committee authorized the opening of the Issue on December 09, 2025. They also approved the floor price for the Issue, setting it at ₹390.51 per Equity Share. This price is determined based on the pricing formula outlined in the regulations. A preliminary placement document dated December 09, 2025, was also approved.
Discount and Issue Price
Swiggy may offer a discount of up to 5% on the floor price, and the final issue price will be determined in consultation with the Book Running Lead Managers.
Trading Window Closure
The trading window for designated persons is closed from December 09, 2025, until 48 hours after the determination of the issue price.
Source: BSE
