Swiggy Ltd has announced the price range for its upcoming initial public offering (IPO), which will be open for subscription from November 6 to November 8.

The IPO will consist of a fresh issue and an offer-for-sale by existing shareholders and promoters. The total issue size is estimated to be approximately Rs 11,327.43 crore, with the company's market capitalization projected to reach around Rs 87,299 crore.

The anchor book will open on November 5, with the basis of allotment and initiation of refunds scheduled for November 11. Equity shares are expected to be credited on November 12, followed by the stock listing on exchanges on November 13.

Swiggy has increased the fresh issue size while reducing the offer-for-sale component. The IPO has garnered interest from prominent global and domestic institutional investors.