Food and grocery delivery giant Swiggy Ltd has officially commenced its Qualified Institutional Placement (QIP) on Tuesday, December 9, 2025, marking a significant step in its strategy to bolster its financial reserves. The company aims to raise a substantial sum of up to ₹10,000 crore through this offering, a move that has been closely watched by investors and market analysts alike. This fundraising initiative comes at a crucial time as Swiggy navigates a highly competitive and rapidly evolving market landscape in the food delivery and quick commerce sectors. The opening of the QIP follows a series of internal approvals, setting the stage for. Institutional investors to participate in the company's growth trajectory and capitalize on its market position. This strategic financial maneuver is expected to provide the necessary capital for future expansion and innovation.
Floor Price and Potential Discount
The Investment and Allotment Committee of Swiggy has meticulously determined the floor price for the QIP at ₹390, while 51 per equity share. This price serves as the baseline for the offering, providing a clear valuation for potential investors and establishing a transparent framework for the placement. On top of that, Swiggy has indicated a provision for flexibility in pricing, stating that a discount. Of up to 5% on the floor price may be offered, subject to shareholder approval. This flexibility allows the company to adapt to market conditions and ensure optimal participation. The final issue price, which will be crucial for the success of the QIP, is slated to be decided in consultation with the book-running lead managers, ensuring a market-aligned valuation. The preliminary placement document and application form, both dated December 9, 2025, have also been approved, formalizing the procedural aspects of the placement and providing essential information to prospective investors.
Shareholder and Board Approvals
The decision to proceed with the QIP and raise a substantial ₹10,000 crore has received comprehensive backing from Swiggy's internal governance structures. The company's Investment and Allotment Committee gave its nod to initiate the QIP for equity shares with a face value of ₹1 each. This approval was a direct consequence of a special resolution passed by shareholders during an Extraordinary General Meeting (EGM) held on December 8, 2025. This resolution empowered the company to proceed with the fundraising. Prior to the EGM, the Board of Directors had already given its in-principle approval for the fundraising plan during a meeting on November 7, 2025, while this layered approval process underscores the strategic importance and careful consideration given to this significant financial undertaking, ensuring all regulatory and internal governance requirements are met.
Strategic Rationale for Fundraising
Swiggy has explicitly articulated the primary motivation behind this substantial fundraising effort, while the company highlighted that its core businesses, encompassing food delivery and quick commerce, operate within an external environment characterized by intense competition and rapid changes. In light of these dynamic market conditions, where consumer preferences evolve quickly and new. Competitors emerge, the Board of Directors has deemed it prudent to raise additional capital. This capital infusion is earmarked to strengthen growth capital and support the. Company's ambitious plans for expansion and further development within its competitive sectors. The ability to access significant funds will allow Swiggy to invest in technology, logistics, and market penetration, maintaining its competitive edge and exploring new avenues for growth. This strategic move is vital for sustaining its leadership position in the market.
Market Reaction and Stock Performance
The announcement of the QIP and the subsequent opening on December 9, 2025, had an immediate and positive impact on Swiggy Ltd's share price.
On Tuesday, the company's stock witnessed a notable surge, climbing over 3% on the BSE. It closed the trading day at ₹397. 70, reflecting investor confidence in the company's strategic direction and its ability to attract institutional investment. While the recent performance shows an upward trend, with the stock gaining 9. 08% over the last six months, a broader perspective reveals a 25. 92% decline over the past year, indicating some volatility, while despite this longer-term dip, the current market capitalization of Swiggy stands at ₹92. 35 thousand crore, indicating its significant presence in the market. The QIP is expected to further stabilize and potentially boost investor. Sentiment in the coming period, providing a strong foundation for future growth.
