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Swiggy QIP Opens With Floor Price At Rs 390.51 As Shares Jump 3 Percent
Swiggy has launched its ₹10,000 crore qualified institutional placement with a floor price of ₹390.51 per share. The stock gained over 3 percent after shareholders approved the fundraising plan.
By Finblage Editorial Desk
5:15 pm
9 December 2025
Swiggy on December 9 announced the opening of its ₹10,000 crore qualified institutional placement (QIP), with the floor price fixed at ₹390.51 per equity share. The company added that it may offer a discount of up to 5 percent on the floor price, as per regulatory norms.
Following the announcement and shareholder approval for the fundraising plan, Swiggy shares witnessed strong buying interest. The stock jumped over 3 percent during the session and was trading around ₹398.05, up 3.15 percent, at midday on the NSE. The shares touched an intraday high of ₹400 and a low of ₹380.15.
The floor price represents a premium of nearly 1.2 percent over the company’s previous closing price of ₹385.90. The stock later closed at ₹397.70 on Tuesday.
The QIP route will allow Swiggy to raise funds from institutional investors to strengthen its balance sheet, support business expansion, and fund strategic initiatives. The issue size of ₹10,000 crore marks one of the largest institutional fundraises by a consumer internet company in recent times.
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