Discover the Major IPO Backed by Amitabh Bachchan, Karan Johar, Madhuri Dixit, and Rahul Dravid – Upcoming Market Debut

Alright, let’s talk Swiggy, Big Apple style. This food delivery heavyweight is gearing up for its IPO, and the buzz is electric, thanks to some high-profile names tossing cash into the pot. Let’s break it down.

Big Names in the Swiggy IPO

You got stars like Amitabh Bachchan, Karan Johar, Madhuri Dixit, and sports icons like Rahul Dravid and Zaheer Khan jumping into Swiggy’s pre-IPO shares via the unlisted market. The Economic Times spills the beans that around 200,000 shares have been snatched up by these celebs.

Bollywood Stars and Business Leaders Join the Round

Yeah, we’re not just talking cricketers here. Bollywood royalty like Madhuri Dixit Nene and Amitabh Bachchan are in, too. And let’s not forget Innov8 founder Ritesh Malik. Swiggy’s been raising funds through secondary markets, and it’s not just the local big shots buying in. International investors are riding this wave too.

Global Venture Capital Firms Backing Swiggy

So, you’ve got these global venture capital bigwigs backing Swiggy—I’m talking SoftBank Vision Fund, Accel, and Prosus. Even Raamdeo Agrawal, the chairman of Motilal Oswal Financial Services, has skin in the game. That’s some serious heavyweight backing, let’s be real.

SEBI Approval and Market Excitement

The buzz hit the fan when the Securities and Exchange Board of India (SEBI) gave Swiggy the green light for its IPO. The unlisted market’s reaction? Pure frenzy. Both institutional and retail investors are sitting on the edge of their seats.

Swiggy’s Unlisted Market Surge

Get this: Swiggy’s pre-IPO shares have been flying off the shelves. In July, the stock was chilling at around Rs 355. Now? We’re talking about Rs 490—a 40% jump in just two months! The market value for this SoftBank and Prosus-backed company shot up from Rs 70,000 crore to Rs 1.16 lakh crore. Talk about a surge!

The Broader Trend

The growing interest from these high-net-worth individuals highlights a broader trend. More and more, celebs and sports icons are diversifying their investment portfolios, looking towards high-growth tech startups. Swiggy’s story isn’t an isolated one; it’s part of a larger wave sweeping through the investment world.

Interesting Tidbits

• Manba Finance IPO 2024 GMP is another buzzworthy topic. You can check out the key details here.
• A billionaire visited India as a tourist and ended up building a Rs 1 lakh crore empire. More on that here.
• CDSL’s revised fee structure for investors takes effect from October 1. Get the details here.
• And if you’re into stocks, check how Trent surged over 4% as Citi gives it a thumbs-up here.

Conclusion

With strong local and global backing, Swiggy’s IPO is shaping up to be one of the most anticipated events in the Indian market. Investors are ready, and the excitement is palpable. Watch this space, because Swiggy is about to serve up something big.

Stay tuned, New York. This is one dish that’s too good to miss!