Swiggy Limited has successfully completed its Qualified Institutional Placement (QIP) on December 12, 2025, marking a significant milestone in the company's capital raising efforts. The food delivery and quick commerce platform allotted equity shares worth approximately ₹10,000 crores to qualified institutional buyers through this placement.

QIP Allotment Details

The Investment Allotment Committee of Swiggy's Board approved the allotment of 26,66,66,663 equity shares of face value ₹1.00 each during its meeting held on December 12, 2025. The committee meeting commenced at 09:30 PM IST and concluded at 09:50 PM IST.

Regulatory Compliance and Structure

The QIP was conducted under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Sections 42 and 62(1)(c) of the Companies Act, 2013. The issue price was determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations.

The committee approved several key aspects of the placement:

• Closure of the issue following receipt of application forms and funds in escrow account from eligible QIBs
• Determination and approval of share allocation in accordance with SEBI ICDR Regulations
• Adoption of the placement document dated December 12, 2025
• Finalization of confirmation of allocation notes to be sent to eligible QIBs

Documentation and Disclosure

Swiggy has made the placement document dated December 12, 2025, available on its corporate website at https://www.swiggy.com/corporate/investor-relations/ . The company communicated the completion of the QIP to both BSE Limited (Scrip Code: 544285) and National Stock Exchange of India Limited (Symbol: SWIGGY) in compliance with applicable listing regulations.

The successful completion of this QIP provides Swiggy with substantial capital to support its business operations and growth initiatives. The placement was executed efficiently with the participation of qualified institutional buyers, demonstrating investor confidence in the company's business model and future prospects.

Investment research firm Macquarie has maintained its 'Underperform' rating on Swiggy , setting a price target of ₹290.00 for the food delivery and quick commerce platform.

Analyst Rating Details

The maintained rating reflects Macquarie's cautious stance on the stock's near-term performance prospects. An 'Underperform' rating typically indicates that analysts expect the stock to perform below broader market indices or sector peers.

Market Context

Swiggy operates in the highly competitive food delivery and quick commerce space, where companies continue to invest heavily in market expansion and customer acquisition. The maintained rating suggests that Macquarie's analysts see limited upside potential in the stock at current levels.

The ₹290.00 price target provides investors with Macquarie's assessment of the stock's fair value based on their analysis of the company's fundamentals and market position.