Swiggy to offer shares at Rs 371-390

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Swiggy plans to launch an IPO on Nov 6, with a price band of Rs 371-390, aiming to raise Rs 11,327 crore. The IPO values the company at $11.3 billion, with Rs 4,499 crore coming from fresh share issuance and Rs 6,828 crore through an offer for sale. Prosus and other investors are selling stakes, while SoftBank retains its shares.