Swiggy IPO Description – Swiggy is a consumer-focused technology company that provides a convenient platform through a unified app, allowing users to browse, select, order, and pay for food, groceries, and household items. Its core business revolves around operating a B2C (business-to-consumer) marketplace where it aggregates restaurant and merchant partners who list their products, enabling users to discover and purchase them. Swiggy facilitates the fulfillment of these orders through delivery, reservations, payments, and lead generation for its partners.
Swiggy operates across five key business segments: (i) Food Delivery, (ii) Out-of-home Consumption, which includes dining out and events, (iii) Quick Commerce, offering on-demand delivery of groceries and household items, (iv) Supply Chain and Distribution, catering to B2B supplies, warehousing, logistics, and distribution for wholesalers and retailers, and (v) Platform Innovations, covering new initiatives like Swiggy Genie and Swiggy Minis.
In addition to serving consumers, Swiggy provides business enablement solutions to restaurant partners, grocery merchants, and brand partners. These solutions include analytics-driven tools to enhance their online presence and customer base, supply chain fulfillment services, and an extended delivery network. As of 30 June 2024, Swiggy had reached a milestone of 11.27 crore transacting users and employed 5,401 staff members.
Promoters of Swiggy – does not have an identifiable promoter
Table of Contents
Swiggy IPO Details
| Swiggy IPO Dates | 6 – 8 November 2024 |
| Swiggy Issue Price | INR 371 – 390 per share (Employee Discount – INR 25 per share) |
| Fresh issue | INR 4,499 crore |
| Offer For Sale | 17,50,87,863 shares (INR 6,828.43 crore) |
| Total IPO size | INR 11,327.43 crore |
| Minimum bid (lot size) | 38 shares (INR 14,820) |
| Face Value | INR 1 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Swiggy Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 |
| Revenue | 5,704.90 | 8,264.60 | 11,247.39 | 3,222.22 |
| Expenses | 9,574.45 | 12,884.40 | 13,947.38 | 3,907.96 |
| Net income | (3628.90) | (4,179.30) | (2,350.24) | (611.01) |
| Margin (%) | (63.61) | (50.57) | (20.90) | (18.96) |
Swiggy Offer News
- Swiggy IPO Review: Insights for Potential Investors
- Swiggy IPO SWOT Analysis
- Swiggy RHP
- Swiggy DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Swiggy Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (17.09) | (19.69) | (11.07) | (10.50) |
| PE Ratio | – | – | – | – |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | (29.58) | (46.15) | (30.16) |
| NAV | 62.96 | 41.88 | 35.48 |
| EBITDA (%) | (59.78) | (46.41) | (16.52) |
| Debt/Equity | 0.00 | 0.00 | 0.03 |
Swiggy IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 8 November 2024 | 0 | – | 0 |
| 7 November 2024 | 7 | – | 400 |
| 6 November 2024 | 10 | – | 500 |
| 5 November 2024 | 15 | – | 700 |
| 4 November 2024 | 18 | – | – |
| 31 October 2024 | 18 | – | – |
| 30 October 2024 | 25 | – | – |
| 29 October 2024 | 115 | – | – |
| 28 October 2024 | 135 | – | – |
Swiggy IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in the material subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings – INR 164.80 crore
- Investment in material subsidiary, Scootsy, for (a) expansion of dark store network for quick commerce segment through setting up of dark stores; and (b) making lease/license payments for dark stores – INR 1,178.70
- Investment in technology and cloud infrastructure – INR 703.40 crore
- Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of the platform across segments – INR 1,115.30 crore
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Swiggy – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Swiggy | – | (10.70) | (30.16) | 35.48 | 11,247.39 |
| Zomato | 634.50 | 0.40 | 1.72 | 23.14 | 12,114.0 |
Swiggy IPO Dates & Listing Performance
| IPO Opening Date | 6 November 2024 |
| IPO Closing Date | 8 November 2024 |
| Finalization of Basis of Allotment | 11 November 2024 |
| Initiation of refunds | 12 November 2024 |
| Transfer of shares to demat accounts | 12 November 2024 |
| Swiggy IPO Listing Date | 13 November 2024 |
| Opening Price on NSE | INR 420 per share (up 7.69%) |
| Closing Price on NSE | INR 456 per share (up 16.92%) |
Swiggy IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Aditya Birla Capital – Avoid
Ajcon Global –
Arihant Capital –
Axis Capital –
Ashika Research – Not rated
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking – Subscribe for long term
Dalal & Broacha –
Elara Capital –
Elite Wealth – Avoid
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities –
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities – Subscribe for long term
Jainam Broking – Subscribe for long term
DR Choksey – Subscribe
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Mehta Equities – Subscribe for long term
Nirmal Bang – Subscribe
Reliance Securities –
Sushil Finance –
Samco Securities – Avoid
SBI Securities – Subscribe for long term
SMC Global – 2/5
SMIFS –
Systematix Research – Not rated
Swastika Investmart – Subscribe for high risk
Ventura Securities – Subscribe
Swiggy Offer Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
27 BKC, 1st Floor, Plot no. C-27,
‘G’ Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 4336 0000
Email:Â [email protected]
Website: www.investmentbank.kotak.com
Swiggy Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Swiggy Contact Details
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:Â 91 95907 56603
Email: [email protected]
Website: www.swiggy.com
Swiggy IPO FAQs
How many shares in Swiggy IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Swiggy Public Offer?
The best way to apply for Swiggy public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Swiggy IPO GMP today?
Swiggy IPO GMP today is INR NA per share.
What is Swiggy kostak rate today?
Swiggy kostak rate today is INR NA per application.
What is Swiggy Subject to Sauda rate today?
Swiggy Subject to Sauda rate today is INR NA per application.
