Swiggy has released its Monitoring Agency Report for the quarter ended September 30, 2025 (Q2 2025). The report, issued by CRISIL Ratings, confirms that the proceeds from the Initial Public Offer (IPO) have been utilized as disclosed in the Offer Document. No deviations were noted, and shareholder approval wasn’t required for any expenditure. The Monitoring Agency has given a detailed breakdown of the IPO proceeds utilization.
IPO Proceeds Utilization
Swiggy’s Monitoring Agency Report, issued by CRISIL Ratings, for the quarter ended September 30, 2025 (Q2 2025) confirms that the IPO proceeds are being utilized as planned. The report indicates that all utilization is aligned with the disclosures made in the Offer Document.
Key Highlights from the Report
- No deviations from the stated objectives of the IPO.
- No requirement for shareholder approval regarding expenditures.
Details of Funds Allocation (in Millions)
The report provides a detailed breakdown of how the ₹44,990.00 million in gross proceeds from the fresh issue were allocated:
Investments in Material Subsidiary (Scootsy):
Expenses related to the Fresh Issue amounted to ₹1,400.18.
The total expenditure so far is ₹44,990.00.
Progress of Object(s)
As of September 30, 2025, here’s the status of the IPO objectives (figures in millions):
General Corporate Purposes
A total of ₹5,354.31 million has been utilized towards general corporate purposes including Administrative expenses (₹1,578.22 million), Meeting expenses (₹3,532.58 million) and funding inorganic growth(₹243.51 million).
Source: BSE
