Swiggy shares gain 2% on strong demand for Rs 10,000-cr QIP

• Swiggy shares rose over 2% as its Rs 10,000-crore Qualified Institutional Placement (QIP) saw strong investor demand.
• Shareholders approved the Rs 10,000 crore QIP, with a floor price of Rs 390.51 per share, to fund expansion.
• The QIP attracted over 4x demand from major Indian mutual funds, including SBI, ICICI Prudential, HDFC, and Kotak.
• Nearly half of the QIP proceeds (Rs 4,475 crore) will be used to expand Swiggy's quick-commerce network, including Instamart dark stores.
• Swiggy plans to increase its fulfilment footprint from 5 million sq ft by Nov 2025 to 6.7 million sq ft by Dec 2028.

Why It Matters: Swiggy's successful QIP secures funds for major expansion.