Swiggy IPO
Swiggy IPO is listed on BSE and NSE, priced at ₹371–₹390 per share. The stock debuted at ₹420, delivering a listing gain of 7.7%. The IPO had a lot size of ₹38 shares and a minimum investment of ₹14,820.
Swiggy Limited IPO
- IPO Dates
- Nov 6, 2024 – Nov 8, 2024
- Price band
- ₹371-390 per equity share
- Minimum Investment
- ₹14,820
- Issue size
- ₹11327.43 Cr
- Lot size
- 38
- Allotment Date
- Nov 11, 2024
- Listing
- Nov 13, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Nov 6, 2024
Open Date
Completed
-
Nov 8, 2024
Close Date
Completed
-
Nov 11, 2024
Allotment Date
Completed
-
Nov 13, 2024
Listing Date
Completed
Price Summary
- Last closing
- 256.20 (-34.31%)
- 52 week high
- 474.00
- 52 week low
- 251.55
- Last update
Swiggy IPO Essentials
Swiggy IPO Details
Swiggy IPO is priced at ₹371-390 per share with a total issue size of 11327.43 crore. The IPO has a lot size of 38 shares and is listed on BSE and NSE.
- Issue price
- ₹371-390 per equity share
- Lot size
- 38 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- Total ₹11,327.43 Cr :
#Fresh Issue : 115,358,974 shares(aggregating up to ₹4,499 Cr) +
#OFS : 175,087,863 shares of ₹1(aggregating up to ₹6,828.43 Cr) - Total issue size
- 29,04,46,837 shares
(aggregating up to ₹11327.43 crore) - Fresh issue
- 11,53,58,974 shares
(aggregating up to ₹4499 crore) - Offer for sale (OFS)
- 17,50,87,863 shares
(aggregating up to ₹6828.43 crore) - Listing at
- BSE, NSE
- List price
- 420.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jefferies India Private Limited, Avendus Capital Pvt Ltd, J.P. Morgan India Private Limited, Bofa Securities India Limited, ICICI Securities Limited
Market Lot Size
Investors can bid for a minimum of 38 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 38 | ₹14,820 |
| Retail(max) | 13 | 494 | ₹1,92,660 |
Swiggy IPO Reservation
Swiggy IPO reservation details show category-wise allocation of shares. Out of the total 29,04,94,914 shares, approximately 29.92% are reserved for QIB, 14.96% for NII, 9.97% for retail investors, 0.26% for employees, and 44.88% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 13,03,85,211 (44.88%) | |
| QIB Shares Offered | 8,69,23,475 (29.92%) | |
| NII (HNI) Shares Offered | 4,34,61,737 (14.96%) | |
| bHNI > ₹10L | 2,89,74,491 (9.97%) | 54,463 |
| sHNI < ₹10L | 1,44,87,246 (4.99%) | 27,231 |
| Retail Shares Offered | 2,89,74,491 (9.97%) | 7,62,486 |
| Employee Shares Offered | 7,50,000 (0.26%) | |
| Total Shares Offered | 29,04,94,914 (100%) |
Swiggy IPO Analytics
Swiggy IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Swiggy IPO Subscription Status
Swiggy IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 86,923,475 |
43,461,737
28,974,491
14,487,246
|
28,974,491 | 160,109,703 |
|
Day 1
06-11-24 05:00 PM
|
0.00 x |
0.06x
0.03x
0.12x
|
0.54 x | 0.12 x |
|
Day 2
07-11-24 05:00 PM
|
0.28 x |
0.14x
0.10x
0.21x
|
0.84 x | 0.35 x |
|
Day 3
08-11-24 05:00 PM
|
6.02 x |
0.41x
0.37x
0.50x
|
1.14 x | 3.59 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 7,15,124 (Approx) | —x | —x | 0.9x |
Swiggy Valuations
Earnings
- EPS Pre IPO
- -11.07
- EPS Post IPO
- -10.92
- P/E Pre IPO
- -35.23
- P/E Post IPO
- -35.72
Returns
- RoNW
- -8.21%
Fundamentals
- Price / Book
- 11.60
Swiggy Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 10,529.42 | 11,280.65 | 14,405.74 |
| Revenue | 11,634.35 | 8,714.45 | 6,119.78 |
| Profit After Tax | -2,350.24 | -4,179.31 | -3,628.9 |
| Net Worth | 7,791.46 | 9,056.61 | 12,266.91 |
| Reserves & Surplus | -7,880.85 | -6,510.34 | -3,311.1 |
Swiggy Company & Offer Insights
About Swiggy
Swiggy, founded in 2014 and headquartered in Bangalore, is India’s largest online food delivery service, operating across 580+ cities as of 2023. Known for its fast, reliable, and convenient delivery, Swiggy has revolutionized the food delivery industry in India, becoming the go-to platform for millions of users.
In addition to food delivery, Swiggy has been serving millions of customers with the further strength of various premium services, such as instant grocery delivery through Instamart and same-day package delivery across cities through Swiggy Genie. Such diversification helps Swiggy become a dominant player in the on-demand delivery space catering to the growing needs of urban consumers.
The company has very strongly established Swiggy as a go-to platform for on-demand delivery solutions in India with continuous innovation and service expansion.
As of June 30, 2024, Swiggy's Instamart operated a large network of 557 Active Dark Stores across 32 cities in India and as of September 10, 2024, Instamart operated a network of 605 Active Dark Stores across 43 cities in India.As of June 30, 2024, the company employed 5,401 people.
Swiggy Promoter(s)
The Company does not have an identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act. are the company's promoters of Swiggy.
Swiggy IPO Issue Objectives
- •
- Investment in the Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings
- •
- Investment in the 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
- •
- Investment in technology and cloud infrastructure
- •
- Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments
- •
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Swiggy IPO - Anchor Investors
Swiggy raises Rs 5,085 crore via anchor book.
New World Fund, Fidelity, Omnis Portfolio Investments, Nomura, Government Pension Fund Global, PGGM World Equity, Blackrock, Carmignac, Eastspring Investments, Citigroup, TOCU Europe, Integrated Core Strategies, CLSA, Matthews Asia Funds, and Societe Generale are the marquee global investors invested in the company via anchor book.
Domestic institutional investors participated in the anchor book included ICICI Prudential Mutual Fund, Kotak Mahindra AMC, SBI Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Trustee, 360 ONE, Mirae Asset, Nippon Life India, Bandhan Mutual Fund, Invesco India, Motilal Oswal Mutual Fund, Sundaram MF, Tata MF, UTI Mutual Fund, DSP India Fund, Ashoka Whiteoak, Baroda PNB Paribas, Helios MF, and Avendus.
Several insurance companies like SBI Life, HDFC Life, ICICI Prudential, Kotak Mahindra Life, Aditya Birla Sun Life, Bharti Axa Life, Edelweiss Life, Tata AIA Life, Reliance Nippon Life, Max Life, and Canara HSBC Life also became shareholders in the company by investing through anchor book.
Swiggy IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Swiggy Limited | -10.7 | -10.7 | 35.48 | -35.23 | -30.16 | 11.14 | Consolidated |
| Zomato Limited | 0.41 | 0.4 | 23.14 | 634.5 | 1.72 | 7.91 | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on September 23, 2024, divided by the Diluted EPS.
- Return on Net Worth (%) is calculated as profit/ loss for the year divided by the Net Worth at the end of the respective year.
- NAV per equity share refers to Equity attributable to equity shareholders of the parent at the end of the financial year divided by the number of shares outstanding at the end of the year.
Swiggy IPO - Strengths and Risks
Swiggy IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Swiggy
+ 91 95907 56603
No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru - 560 103
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Swiggy IPO is a book-built IPO worth ₹11327.43 crore. The price band is ₹371–₹390 per share. The IPO opens on Nov 6, 2024 and closes on Nov 8, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Swiggy IPO is ₹371 to ₹390 per share.
The lot size of Swiggy IPO is 38 shares.
The minimum investment for Swiggy IPO is approximately ₹14,820 based on the upper price band .
Swiggy IPO opens on Nov 6, 2024 and closes on Nov 8, 2024.
The allotment date of Swiggy IPO is Nov 11, 2024.
Swiggy IPO is expected to be listed on Nov 13, 2024, on BSE and NSE .
Swiggy IPO listed on Nov 13, 2024. It was issued at ₹420.0(NSE) and is currently around ₹256.20 as on 14-May-2026 3:30 PM, which is approximately -34.3% versus issue price. The 52-week high is ₹474.00.
Based on listing and post-listing performance, Swiggy IPO delivered around -34.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Swiggy IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Swiggy IPO valuation snapshot: P/E -35.72, EPS -10.92, P/B 11.60, RoNW -8.21%, and market cap N/A.
To apply for Swiggy IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Swiggy IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Swiggy IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Swiggy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Swiggy IPO allotment status on IPO Ji for quick and easy access.