Zomato shares are in focus in Wednesday's session (September 25) as the company's rival Swiggy has received SEBI's go-ahead for Rs 10,450 crore IPO. As per reports the company on a confidential basis filed the offer document on April 30.

Swiggy’s IPO is expected to include both offer-for-sale (OFS) and fresh issue of shares, with the company aiming for a valuation of around $15 billion. However, the final valuation will become clearer once the roadshow begins.

Swiggy, one of India’s leading food and grocery delivery startups, has officially received the green light from the Securities and Exchange Board of India (SEBI) for its much-anticipated public listing.

Food delivery major Zomato could soon see its rival Swiggy shares trading on the stock exchanges as the company’s proposed issue has received SEBI nod. Market regulator Securities and Exchange Board of India has granted approval for Swiggy’s confidential IPO filing.

Swiggy receives SEBI approval for its confidential IPO filing, paving the way for a potential listing in November. Read to know more!

Swiggy has reportedly received approval from the Securities and Exchanges Board of India (SEBI) for its initial public offering (IPO)

The food delivery giant is set to raise over Rs 11,000 crore, following in the footsteps of Zomato as it prepares to go public through the confidential filing route.

India's biggest IPO is set to hit the floors, with markets regulator Sebi approving the draft red herring prospectus of Hyundai Motor's Rs 25,000-crore offer-for-sale. The IPO is expected to be launched in Oct and follows a series of public offers that have hit the markets recently.

Swiggy issue may launch in November. The Bengaluru-based Swiggy is likely to raise more than $1 billion from its IPO.

Before Swiggy launches its IPO, it will have to place its updated draft red herring prospectus (UDRHP) in the public domain for at least 21 days