Swiggy's IPO is scheduled to commence on November 6 and close on November 8

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Moneycontrol reported that the overall size of the issuance, including the offer for sale, will be between INR 11,700 Cr and INR 11,800 Cr, citing sources

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The anchor investor bidding date is on November 5

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According to the article, the company is seeking a valuation of $11.3 billion, somewhat more than its previous private valuation of $10.7 billion

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The primary component of the issuance has been increased to about INR 4,500 Cr, while the offer for sale component has been adjusted based on investor participation

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Swiggy initially aimed for a $15 billion valuation for its IPO

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According to a recent source, Swiggy plans to lower its valuation target from $12.5 Bn to $13.5 Bn due to the recent drop in the Indian stock market

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The benchmark indices Sensex and Nifty 50 have dropped by almost 8% after reaching all-time highs last month

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Swiggy's competitor, Zomato, has a market capitalization of more than $26 billion

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