Swiggy on December 9 announced that it has fixed the floor price at Rs 390.51 per equity share for its QIP which opens today.

The shares of Swiggy jumped more than 3 percent on December 9 after the company announced that its shareholders have approved the plan to raise Rs 10,000 crore through a qualified institutional placement (QIP).

The floor price marks a premium of nearly 1.2 percent over the stock's previous closing price of Rs 385.9 per share. The shares of the company closed at Rs 397.70 apiece on Tuesday.

In a regulatory filing released on December 8, Swiggy said the special resolution was passed at its extraordinary general meeting (EGM). A total of 76.40 percent of shareholders participated in the vote, with 99.47 percent of the votes cast in favour of the proposed equity issuance.

Subsequently, Swiggy in an exchange filing released on December 9 said that its board has approved the floor price. It added that a company may offer a discount of not more than 5 percent on the floor price calculated for the issue.