Food and grocery delivery firm Swiggy has filed an updated prospectus for its initial public offering (IPO).
The issue consists of Rs 3,750 crore of fresh capital raise and an offer for sale component of 185.3 million shares.
The Bengaluru-based company had filed confidentially with the Securities and Exchange Board of India (Sebi) for its public issue, and received the approval earlier this week.
In the OFS component, investors including Prosus, Accel, Norwest Venture Partners, Tencent, Elevation Capital and Alpha Wave Global are offloading part of their stakes. Japanese investor SoftBank is not selling any shares in the IPO, according to Swiggy’s prospectus.
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