Swiggy is reportedly preparing to price its IPO between Rs 371-390 (US$4.41-US$4.64) per share, according to sources.

If priced at the higher end, Swiggy’s valuation could reach US$11.3 billion.

The IPO, valued at Rs 11,300 crore (US$1.3 billion), is set to begin on November 6.

It includes a secondary sale of Rs 6,800 crore (US$ 808 million) and Rs 4,500 crore (US$535.47 million) in primary capital for the company.