Swiggy IPO is set to open on November 6, 2024, and will close on November 8, 2024. The Swiggy IPO is a Book Built Issue, aiming to raise approximately ₹11,327.43 crores. This includes a fresh issue of ₹4,499 crores and an offer for sale of up to ₹6,828.43 crores. The face value of each share is ₹1.
Swiggy IPO price band is set between ₹371 to ₹390 per share. The quota allocation is 10% for Retail investors, 75% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Swiggy IPO is scheduled to list on BSE and NSE on November 13, 2024, with the allotment announcement on November 11, 2024.
The company reported revenue of ₹11634.35 crores in 2024, compared to ₹8714.45 crores in 2023. It posted a loss of ₹2,350.24 crores in 2024, compared to a loss of ₹4,179.31 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
Table of Contents
Swiggy IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Swiggy |
| Industry | Food Delivery |
| IPO Issue Type | Book Built Issue |
| IPO Opening Date | 6 November, 2024 |
| IPO Closing Date | 8 November, 2024 |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹371-₹390 Per Share |
| Total Issue Size | Approx. ₹11,327 Crores |
| Fresh Issue | Approx ₹4,499 Crores |
| Offer For Sale | Approx. ₹6,828 Crores |
| Listing on | BSE & NSE |
| Lot Size | 38 Shares |
| Shares Offered to Retail | 10% |
| Shares Offered to QIB | 75% |
| Shares Offered to NII (HNI) | 15% |
| DRHP Draft Prospectus | DRHP |
| RHP Draft Prospectus | RHP |
Swiggy IPO Market Lot
Swiggy IPO has a minimum lot size of 38 shares, with an amount of ₹14,820. Retail investors can apply for up to 13 lots with 494 shares or ₹1,92,660.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,820 |
| Retail (Max) | 13 | 494 | ₹1,92,660 |
| S-HNI (Min) | 14 | 532 | ₹2,07,480 |
| B-HNI (Min) | 68 | 2584 | ₹10,07,760 |
Swiggy IPO Dates
Swiggy IPO opens on November 6, 2024, and closes on November 8, 2024. The allotment will be announced on November 11, 2024, and the IPO will be listed on November 13, 2024.
| Events | Date |
|---|---|
| IPO Open Date | November 6, 2024 |
| IPO Close Date | November 8, 2024 |
| Basis of Allotment | November 11, 2024 |
| Refunds | November 12, 2024 |
| Credit to Account | November 12, 2024 |
| IPO Listing Date | November 13, 2024 |
About Swiggy
Swiggy, based in Bangalore, is a leading food delivery company in India. They launched their service on August 1, 2014, focusing on quality, variety, reliability, and consistency. Swiggy operates in 580 cities across India, creating a marketplace where consumers can choose from a wide range of restaurants and food options. Financially, Swiggy’s gross revenue reached ₹17,296.30 crore in 2024, up from ₹14,545.32 crore the previous year (ending June 30). Their revenue from operations was ₹112,473.90 crore for 2024, ₹112,473.90 crore for 2023, and ₹57,048.97 crore for 2022.
Promoters of Swiggy
The Company has no identifiable promoter under SEBI ICDR Regulations and the Companies Act.
Swiggy Financial Report
The company reported revenue of ₹11634.35 crores in 2024, compared to ₹8714.45 crores in 2023. It posted a loss of ₹2,350.24 crores in 2024, compared to a loss of ₹4,179.31 crores in 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹10,341.24 | ₹10,529.42 | ₹11,280.65 | ₹14,405.74 |
| Revenue | ₹3310.11 | ₹11,634.35 | ₹8,714.45 | ₹6,119.78 |
| Profit After Tax | ₹611.01 | ₹2350.24 | ₹4,179.31 | ₹3,628.90 |
| Net Worth | ₹7444.99 | ₹7,791.46 | ₹9,056.61 | ₹12,266.91 |
| Reserves and Surplus | ₹7,750.85 | ₹7,880.85 | ₹6,510.34 | ₹3,311.10 |
| Total Borrowing | ₹256.61 | ₹211.19 | - | - |
| Amount in ₹ Crores | ||||
Key Performance Indicator
Market Capitalization of Swiggy is ₹87,298.60 Crores.
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| Debt to Equity | NA |
| EPS | -₹11.07 |
| Return on Networth (RoNW) | -8.21% |
| P/BV | 11.6 |
| PAT Margin | -% |
| KPI as of June 30, 2024. | |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Zomato Limited | 0.41 | 742.50 | 1.72% | 23.14 | 12,114 Cr. |
Objective of the Issue
- Investment in the material subsidiary, Scootsy, for the repayment or pre-payment (in full or in part) of certain or all of its borrowings.
- Investment in Scootsy for (a) expanding the Dark Store network within the Quick Commerce segment by establishing new Dark Stores, and (b) covering lease/license payments for these Dark Stores.
- Investment in technology and cloud infrastructure.
- Brand marketing and business promotion expenses aimed at enhancing brand awareness and platform visibility across segments.
- Funding inorganic growth through unidentified acquisitions and for general corporate purposes.
Swiggy IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Swiggy, please visit the IPO GMP page.
Swiggy Subscription Status
This IPO subscription kicks off on November 6, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Swiggy Allotment Status
To check the Swiggy IPO allotment status, visit the IPO registrar website Link Intime or go to the IPO Allotment page.
IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 81081 149499
Email: swiggy.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- Citigroup Global Markets India Private Limited
- BofA Securities India Limited
- Jefferies India Private Limited
- ICICI Securities Limited
- Avendus Capital Private Limited
Swiggy Contact
Swiggy Limited
No. 55, Sy No. 8-14, Ground Floor,
I&J Block, Embassy Tech Village,
Outer Ring Road, Devarbisanahalli,
Bengaluru 560 103,
Karnataka, India
Phone: +91 95907 56603,
Email: secretarial@swiggy.in
Website: www.swiggy.com
FAQs
When will the Swiggy IPO open for subscription?
The IPO is set to open on November 6, 2024, for QIB, NII, and retail investors, and will close on November 8, 2024.
What is the price band for Swiggy IPO?
The price band for Swiggy IPO is set between ₹371 to ₹390 per equity share.
What is the minimum investment required for Swiggy IPO?
The minimum investment for Swiggy is ₹14,820 with 38 Shares.
When will the Swiggy shares be allotted?
The allotment date for Swiggy is November 11, 2024.
When will the Swiggy shares be listed?
The listing date for Swiggy is November 12, 2024.
Note: Swiggy IPO price band and date have been officially announced. Swiggy IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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