Swiggy's IPO lock-up expiries in 2025 are expected to increase its free float and lead to its addition to global indices in May and June.
What is covered in the Full Insight:
Introduction
IPO and Lock-up Details
Free Float Calculations
Index Inclusion Forecasts
Conclusion and Implications
Boomeranged on Thu, 1 May 2025 16:03
Following research, due to the 6-month lock-up on the pre-offer share capital, the free float increase from 13% to 40% is expected to take place on 13 May. Consequently, it is forecasted that SWIGGY will be added to Global All-World in June with 13% free float and to Global Standard in August with 40%. Free float is expected to increase from 13% to 60% in All-World at the September 2025 review.