Swiggy Limited IPO
Open MainLineCurrent GMP
₹1 (+0.26%)
Price Band
₹ 371 – 390
Lot Size
38
Issue Size
₹11327.43 Cr
Minimum Investment
₹14820 (38 Shares)
Listing Date
13 November 2024
Subscription
3.59x
About the Company
Founded in 2014, Swiggy Limited provides its users with an easy-to-use platform that they can access via a single app to search, select, order, and pay for food (Food Delivery), grocery and household goods (Instamart) and have orders delivered to their homes via an on-demand delivery partner network.
The company has five business units:
- Food Delivery;
- Out-of-home consumption, which includes restaurant visits and events;
- Quick Commerce for the delivery of grocery and household items on demand;
- Supply chain and distribution: business-to-business (“B2B”) deliveries, warehousing, logistics and distribution for wholesalers and retailers; and
- Platform innovation for new initiatives and offerings such as Swiggy Genie and Swiggy Minis.
The company's platform enables restaurant reservations (Dineout) and event bookings (SteppinOut), product pickups/deliveries (Genie) and other hyperlocal commerce activities (Swiggy Minis and others). The company also offers a membership program called “Swiggy One” with discounts and offers, in-app payment solutions such as a digital wallet “Swiggy Money” (a prepaid payment instrument), “Swiggy UPI” and a Swiggy-HDFC Bank credit card for additional benefits.
Swiggy offers restaurant partners, merchant partners (who sell grocery and household items on the Swiggy platform) and brand partners, including alliance partners, comprehensive business enablement solutions such as analytics-driven tools to improve their online presence and user base, fulfillment services to streamline their supply chain and last-mile delivery.
As of June 30, 2024, Swiggy carried a selection of approximately 19,000 SKUs of grocery and household items. These products include (i) everyday convenience purchases such as eggs, bread, fruit, and vegetables, (ii) impulse purchases of snacks and quick meals, (iii) recurring purchases that are typically made on a monthly or weekly basis, such as Household items like shampoo, soap and others, (iv) call-off purchases that are made on an ad hoc basis, such as feminine hygiene, basic pharmaceutical and personal care items and stationery, and (v) occasion and festival-related purchases, which include sweets, festive supplies and team items at sporting events.
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.
Promoters
The Company does not have an identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act.
Promoters Holding
Holding Pre Issue
63.56%
Holding Post Issue
0.00%
Objects of the Issue
The company proposes to utilize the Net Proceeds towards funding the following objects:
- 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; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Address / Contact Info
Swiggy Limited
No. 55, Sy No. 8-14, Ground Floor, I&J Block,
Embassy Tech Village, Outer Ring Road,
Devarbisanahalli, Bengaluru - 560 103
Phone: + 91 95907 56603
Email: secretarial@swiggy.in
Website: https://www.swiggy.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 06 November 2024
IPO Close Date
Friday, 08 November 2024
Basis of Allotment
Monday, 11 November 2024
Initiation of Refunds
Tuesday, 12 November 2024
Credit of Shares to Demat
Tuesday, 12 November 2024
Listing Date
Wednesday, 13 November 2024 — NSE & BSE
Important Dates
Open Date
06 November 2024
Close Date
08 November 2024
Basis Of Allotment
11 November 2024
Listing Date
13 November 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 10341.24 | 10529.42 | 11280.65 | 14405.74 |
| Revenue | 3310.11 | 11634.35 | 8714.45 | 6119.78 |
| Profit After Tax | -611.01 | -2350.24 | -4179.31 | -3628.9 |
| Net Worth | 7444.99 | 7791.46 | 9056.61 | 12266.91 |
| Reserve & Surplus | -7750.85 | -7880.85 | -6510.34 | -3311.1 |
| Total Borrowings | 256.61 | 211.19 | 0 | 0 |
EPS Pre
-11.07%
EPS Post
-10.92%
P/E Pre
-35.23
P/E (Post Issue)
-35.72x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0 |
| RoNW % | -8.21 |
| PbW | 11.6 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 130385211 | 44.88 | 0 |
| Qualified Institutions | 86923475 | 29.92 | 0 |
| Non-Institutional | 43461737 | 14.96 | 0 |
| BNII | 28974492 | 9.97 | 0 |
| SNII | 14487245 | 4.99 | 0 |
| Retail Investors | 28974491 | 9.97 | 0 |
| Employees | 750000 | 0.26 | 0 |
| Total | 290494914 | 100 | 0 |
Subscription Status ( Fri, 08 Nov 24 12:57 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 86923475 | 523089494 | 6.02x |
| Non-Institutional | 43461737 | 17902256 | 0.41x |
| BNII | 28974492 | 10703612 | 0.37x |
| SNII | 14487245 | 7198644 | 0.5x |
| Retail Investors | 28974491 | 33079760 | 1.14x |
| Employees | 750000 | 1237432 | 1.65x |
| Total | 160109703 | 575308942 | 3.59x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 38 | 14,820.00 |
| Retail (Max) | 13 | 494 | 192,660.00 |
| S-HNI (Min) | 14 | 532 | 207,480.00 |
| S-HNI (Max) | 67 | 2,546 | 992,940.00 |
| B-HNI (Min) | 68 | 2,584 | 1,007,760.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Citigroup Global Markets India Private Limited
- Bofa Securities India Limited
- Avendus Capital Private Limited
- J.P. Morgan India Private Limited
- Jefferies India Private Limited
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Swiggy Limited IPO is a Book-building IPO worth ₹11327.43 crores. The price band is ₹371 to 390 per share. The IPO opens on Wed, Nov 6, 2024 and closes on Fri, Nov 8, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Swiggy Limited IPO opens on Wed, Nov 6, 2024 and closes on Fri, Nov 8, 2024
Swiggy Limited IPO Price Band is ₹371 to 390.
Swiggy Limited IPO lot size is 38, and the minimum amount required for application is ₹14820.
The minimum investment for Swiggy Limited IPO is approximately ₹14820 based on the upper price band.
To apply for the Swiggy Limited IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Nov 8, 2024. After submission, funds are blocked until the basis of allotment of Swiggy Limited IPO is finalised.
Swiggy Limited IPO issue size is ₹11327.43 crores.
Swiggy Limited IPO allotment date is Sat, Jun 27, 2026.
The registrar for Swiggy Limited IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Swiggy Limited IPO through their official website or helpline.
The Swiggy Limited IPO GMP (Grey Market Premium) is ₹2 as of Tue, Nov 12, 2024. Based on the upper price band of ₹390 per share, the estimated Swiggy Limited IPO listing price is ₹392, indicating a potential listing gain of approximately 31% over the issue price.