Swiggy Limited IPO

Mainboard

E-Retail/ E-Commerce

Listed On: Nov 13, 2024 at ₹ 420.0(NSE)

₹ 14820 /38 Shares

Check Allotment

06 Nov, 2024

Open Date

08 Nov, 2024

Close Date

11 Nov, 2024

Allotment Date

13 Nov, 2024

Listing Date

Price Summary

Last Closing

423.90 (8.69%)

52 Week High

617.30

52 Week Low

297.00

Last Update

20-Oct-2025 3:30 PM

Swiggy IPO Issue Details

Issue Price ₹371-390 per equity share
Face Value ₹1 Per Equity Share
Total Issue Size 29,04,46,837 shares(aggregating up to ₹11327.43 crore)
Fresh Share 11,53,58,974 shares(aggregating up to ₹4499 crore)
Offer For Sale 17,50,87,863 shares(aggregating up to ₹6828.43 crore)
Listing at BSE, NSE
List Price 420.0(NSE)
Listing Date 2024-11-13
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
Registrar Link Intime India Private Ltd

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 offers total 29,04,94,914 shares. Out of which 8,69,23,475 (29.92%) allocated to QIB, 4,34,61,737 (14.96%) allocated to NII,2,89,74,491 (9.97%) allocated to RII, 7,50,000 (0.26%) allocated to employees and 13,03,85,211 (44.88%) allocated to 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%)
bNII < ₹10L	2,89,74,491 (9.97%)
sNII < ₹10L	1,44,87,246 (4.99%)
Retail Shares Offered	2,89,74,491 (9.97%)
Employee Shares Offered	7,50,000 (0.26%)
Total Shares Offered	29,04,94,914 (100%)

Swiggy IPO Documents

DRHP

RHP

ANCHOR

Swiggy IPO Details

Swiggy IPO is a book-built issue of ₹11327.43 crores, The total issue size is ₹11327.43 crores. The IPO of Swiggy is priced at ₹371-390 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Nov 6, 2024 and ends on Nov 8, 2024. The allotment for Swiggy IPO will be finalized on Nov 11, 2024. Swiggy IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 13, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 38 shares, extendable to 14,820. The book-running lead manager for the IPO is/are 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.

The total issue ₹11327.43 crore, comprising a fresh issue of 11,53,58,974 shares ₹4499 crore and having Offer for Sale (OFS) of 17,50,87,863 shares to mop up ₹6828.43 crore.

The Swiggy IPO sets its price band at 371-390 for each share. A single application for Swiggy Limited IPO must contain at least 38 shares. Sentiment investors need to invest a minimum of 38 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,820

As on	QIB	NII bNII sNII	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	0.06 0.03 x 0.12 x	0.54 x	0.12 x
Day 2 07-11-24 05:00 PM	0.28 x	0.14 0.10 x 0.21 x	0.84 x	0.35 x
Day 3 08-11-24 05:00 PM	6.02 x	0.41 0.37 x 0.50 x	1.14 x	3.59 x

Total No of Applications

7,15,124

Subscription on the basis of Applications

Retail:0.90x BHNI:0.06x SHNI:0.42x

Swiggy Valuations

EPS Pre IPO -11.07

EPS Post IPO -10.92

P/E Pre IPO -35.23

P/E Post IPO -35.72

RoNW -8.21%

Price to Book Value 11.60

Swiggy Company Financials

In Crs.

In Cr.

	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

About Swiggy Company

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.

Pre Issue Share Holding : 63.56%

Post Issue Share Holding : 52.97%

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.

Strength

Swiggy achieved 42.4% revenue growth from FY 2022 to 2023.

Swiggy operates in over 500 cities across India effectively.

The company employs 48,000 staff and 200,000 delivery executives.

Weakness

Intense competition from Zomato, Zepto, and new market entrants.

Heavy reliance on revenue from the top 50 Indian cities.

Swiggy faces potential challenges with changing food delivery regulations.

Contact Details

Swiggy

No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru - 560 103

+ 91 95907 56603

secretarial@swiggy.in

https://www.swiggy.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

swiggy.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html

Swiggy IPO - FAQs

Ans. Swiggy Limited IPO is a Mainboard IPO. The issue is priced at ₹371-390 per equity share. The minimum order quantity is 38 Shares. The IPO opens on Nov 6, 2024, and closes on Nov 8, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Swiggy Limited IPO opens on Nov 6, 2024 and closes on Nov 8, 2024.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Swiggy Limited IPO is 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).

Ans. The Swiggy Limited IPO price band is set between ₹371-390 per equity share.

Ans. To apply for Swiggy Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Swiggy Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Swiggy Limited IPO is Nov 11, 2024.

Ans. The Swiggy Limited IPO will be listed on Nov 13, 2024.

Ans. Follow the steps to check the Swiggy Limited IPO allotment status online.