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swiggy ipo

Swiggy IPO

  • Status: Closed
  • RHP:
  • ₹ 14,098 / 38 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    13 Nov 2024

  • Listing Price

    ₹412.00

  • Listing Change

    5.64%

  • Last Traded Price

    ₹597.45

IPO Details

  • Open Date

    06 Nov 2024

  • Close Date

    08 Nov 2024

  • IPO Price Range

    ₹ 371 - ₹ 390

  • IPO Size

    ₹ 11327.43 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    13 Nov 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Swiggy IPO Subscription Status

Last Updated: 08 November 2024 6:45 PM by 5Paisa

Swiggy IPO is set to open on 06 November 2024 and will close on 08 November 2024. The IPO is a combination of a fresh issue of 11.54 Cr shares aggregating to ₹4,499.00 Cr and an offer for sale of 17.51 Cr shares aggregating to ₹6,828.43 Cr. The price range is set between ₹371 to ₹391 per share and the lot size is 38 shares.

The allotment is scheduled to be finalized on 11 November 2024. It will go public on BSE, NSE, with a tentative listing date of 13 November 2024.

Swiggy IPO Size

Types Size
Total IPO Size ₹11,327.43 Cr
Offer For Sale ₹4,499.00 Cr

Swiggy IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 38 ₹14,820
Retail (Max) 13 494 ₹1,92,660
S-HNI (Min) 14 532 ₹2,07,480
S-HNI (Max) 67 2,546 ₹9,92,940
B-HNI (Min) 68 2,584 ₹10,07,760

Swiggy IPO Allocation

Investors Category Shares Offered* Shares bid for Total Amount (Cr.)*
QIB 8,69,23,475 52,30,89,494 20,400.490
NII (HNI) 4,34,61,737 1,79,02,218 698.187
bNII (bids above ₹10L) 2,89,74,491 1,07,03,612 417.441
sNII (bids below ₹10L) 1,44,87,246 71,98,606 280.746
Retail 2,89,74,491 3,30,78,582 1,290.065
Employees 7,50,000 12,37,394 48.258
Total** 16,01,09,703 57,53,07,688 22,437.000

Note:

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

1. Investment in Scootsy to repay some or all of its debts.
2. Investment in Scootsy to expand the Quick Commerce segment by setting up Dark Stores and covering lease/license costs.
3. Investment in technology and cloud infrastructure.
4. Spending on brand marketing to boost platform visibility across different segments.
5. Funding for growth through acquisitions and other general business needs.

Swiggy Limited, founded in 2014, provides a user-friendly platform accessible via a single app where users can search, select, order, and pay for food, groceries, and household goods. Their on-demand delivery network ensures that orders are quickly delivered to customers' homes.

The company operates across five main business areas: Food Delivery, Out-of-Home Consumption, Quick Commerce for grocery and household delivery, Supply Chain and Distribution for B2B logistics and warehousing, and Platform Innovation, introducing new initiatives like Swiggy Genie and Swiggy Minis.

As of June 30, 2024, Swiggy’s Instamart offered around 19,000 SKUs, covering a range of products from everyday groceries like eggs and bread to household items and festive supplies. Instamart operated 557 Active Dark Stores across 32 cities in India by June 2024, expanding to 605 stores across 43 cities by September 2024.

The company employed 5,401 people as of June 2024, reflecting its scale and reach in the Indian market.

Peers

Zomato Ltd

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 11,634.35 8,714.45 6,119.78
EBITDA -1,858.26 -3,835.33 -3,410.43
PAT -2,350.24 -4,179.30- -3,638.90
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 10,529.42 11,280.65 14,405.74
Share Capital 3.01 2.66 0.86
Total Borrowings 211.19 - -
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -1,312.74 -4,059.91 -3,900.39
Net Cash Generated From / (used in) investing activities 1,458.46 3,967.85 9,160.14
Net Cash Generated From / (used in) financing activities -122.80 -171.55 13,634.15
Net Increase (Decrease) In Cash And Cash Equivalents 22.93 -263.61 573.62


Strengths

1. Swiggy is one of India’s largest food delivery platforms, with a strong brand and a large customer base, giving it a significant market presence.
2. Beyond food delivery, Swiggy has expanded into grocery delivery with Swiggy Instamart, which enhances its revenue streams and provides a competitive edge.
3. The company has been focusing on cost optimization, improving delivery efficiency, and introducing strategic innovations that could positively impact its profitability.
4. Swiggy’s investment in AI and data analytics for route optimization and customer experience enhances its service efficiency and customer loyalty.
5. With rising smartphone penetration and urbanization in India, the food delivery market has substantial growth potential, benefiting Swiggy’s long-term outlook.
 

Risks

1. Swiggy faces challenges in achieving profitability due to high operational and customer acquisition costs.
2. Swiggy competes with Zomato and other emerging platforms in a competitive market.
3. Food delivery platforms face regulatory scrutiny around gig worker rights, data privacy, and service charges.
4. Swiggy has historically relied on discounts and promotions, which may impact profitability if customers are price-sensitive or if promotional spending escalates.
 

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FAQs

Swiggy IPO opens from 06 November to 08 November 2024.

The size of Swiggy IPO is ₹11,327.43 Cr.

The price of Swiggy IPO is fixed at ₹371 to ₹390 per share. 

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

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Swiggy IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Swiggy IPO is 38 shares and the investment required is ₹ 14,098.

The share allotment date of Swiggy IPO is 11 November 2024.

The Swiggy IPO will be listed on 13 November 2024.

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 and ICICI Securities Limited are the book running lead managers for Swiggy IPO.

1. Investment in Scootsy to repay some or all of its debts.
2. Investment in Scootsy to expand the Quick Commerce segment by setting up Dark Stores and covering lease/license costs.
3. Investment in technology and cloud infrastructure.
4. Spending on brand marketing to boost platform visibility across different segments.
5. Funding for growth through acquisitions and other general business needs.