Food and grocery delivery platform Swiggy Ltd on Tuesday (December 9) has launched its qualified institution placement, with sources indicating an issue size of $1.11 billion, equivalent to ₹10,000 crore.

According to multiple people familiar with the development, the indicative floor price for the QIP has been set at ₹371 per share, representing a discount of 6.8% to the last closing price of ₹398.05.

Earlier, its Investment & Allotment Committee has approved the opening of a qualified institution placement of equity shares of face value ₹1 each. The company said the move follows the approval of its board of directors at the meeting held on November 7, 2025, and the special resolution passed by shareholders at the extraordinary general meeting on December 8, 2025.

The committee set th

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