Swiggy Limited IPO
MainboardE-Retail/ E-Commerce
Listed On: Nov 13, 2024 at ₹ 420.0(NSE)
₹ 14820 /38 Shares
Check AllotmentPrice Summary
Last Closing
544.15 (39.53%)52 Week High
576.7052 Week Low
391.00Last Update
6-Dec-2024 3:30 PM06 Nov, 2024
Open Date08 Nov, 2024
Close Date11 Nov, 2024
Allotment Date13 Nov, 2024
Listing DateIssue Price
₹371-390 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
420.0(NSE)Listing Date
2024-11-13Market Lot
Retail : 38 Shares (₹14,820/-)S-HNI : 532 Shares (₹2,07,480/-)
B-HNI : 2,584 Shares (₹10,07,760/-)
Lead Manager
Kotak Mahindra Capital Company LimitedCitigroup 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
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)
Retail Portion
10% (Number of Retail Applications: 7,62,360 Approx),(Number of S-HNI Applications : 27,227 Approx),
(Number of B-HNI Applications : 54,454 Approx)
Subscription
3.59 timesSwiggy IPO Subscription Details
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 |
Swiggy Valuations
EPS Pre IPO
-11.07EPS Post IPO
-10.92P/E Pre IPO
-35.23P/E Post IPO
-35.72RoNW
-8.21%Swiggy Company Financials All values are 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 The 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 - Strength and Weakness
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.
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.
Swiggy - Promoter(s)
Pre Issue Share Holding: 63.56%
Post Issue Share Holding: N/A%
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
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.
Other Details
Swiggy
No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru - 560 103Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: swiggy.ipo@linkintime.co.in
Website: 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. 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 IPO price band is set between ₹371-390 per equity share.
Ans. To apply for Swiggy Limited IPO 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 allotment status for Swiggy Limited IPO here.