Swiggy may fix the IPO price band at Rs 371-390, valuing it at $11.3 billion. The IPO was reduced due to market volatility and Hyundai India’s lacklustre debut. Swiggy’s last private round valuation was $10.7 billion. The IPO, comprising an OFS of Rs 6,800 crore and fresh equity issue of Rs 4,500 crore, is likely to launch in the first week of November.
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