| Swiggy IPO GMP | Swiggy IPO Analysis | Swiggy IPO Allotment Status |
Swiggy IPO subscription starts on 6 November 2024 and will close on 8 November 2024. Swiggy plans to raise around INR 11,327.43 crores via the IPO. The price band is fixed at INR 371 – 390 per share. Additionally, there is an employee discount of INR 25 per share. Swiggy IPO market lot has 38 shares and the minimum application amount is INR 14,820. The retail quota is 10%, QIB is 75% and NII is 15%.
Check Swiggy IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Swiggy IPO subscription status segregated by days and investor categories.
Swiggy IPO Subscription Status – Live Updates
Shares allotted to anchor investors are not included in Swiggy IPO subscription. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Swiggy – Business Background
Swiggy is a leading Indian online food ordering and delivery platform, founded in 2014 and headquartered in Bangalore. It operates in over 580 cities across India, offering not only food delivery but also quick commerce services through Swiggy Instamart and package delivery via Swiggy Genie. Initially launched as a food delivery service, Swiggy has expanded its offerings to include grocery deliveries and logistics solutions. The company boasts partnerships with hundreds of thousands of restaurants and a vast network of delivery personnel.
Swiggy operates through five primary business segments: Food Delivery, Out-of-home Consumption, Quick Commerce, Supply Chain and Distribution, and Platform Innovations. The Food Delivery segment serves as the core offering, allowing customers to enjoy a wide selection of meals delivered to their doorstep. Out-of-home Consumption encompasses dining experiences and event catering for consumers seeking social dining options. Quick Commerce focuses on rapid delivery, providing on-demand access to groceries and household essentials for added convenience.
The Supply Chain and Distribution segment supports wholesalers and retailers with comprehensive solutions in supply chain management, warehousing, logistics, and distribution. Lastly, Platform Innovations include new initiatives such as Swiggy Genie for package delivery and Swiggy Minis, enhancing the overall service portfolio.
In addition to serving consumers, Swiggy empowers its restaurant partners, grocery merchants, and brand collaborators with business enablement solutions. These offerings feature analytics-driven tools designed to bolster online visibility and expand customer reach, alongside supply chain fulfillment services and an extensive delivery network. As of 30 June 2024, Swiggy celebrated reaching 11.27 crore transacting users and employed a dedicated workforce of 5,401 staff members.
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Investor Categories in Swiggy IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Swiggy IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfil this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Swiggy IPO Subscription Status FAQs
When will Swiggy IPO subscription start?
Swiggy IPO subscription starts on 6 November and ends on 8 November 2024.
How to subscribe to Swiggy IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Swiggy IPO be listed?
Swiggy IPO will be listed on 13 November 2024, at the BSE and NSE stock exchanges.
