Swiggy Limited IPO Details
The Swiggy Limited IPO is a book build issue with a total issue size of ₹11327.43 cr, comprising of fresh issue of 115358974 equity shares., and a offer for sale of 175087863 equity shares. Swiggy Limited IPO opened for subscription on Nov 06, 2024 and closed on Nov 08, 2024. Swiggy Limited IPO is set price band at ₹371 to ₹390 per share, with a lot size of 38 shares. Minimum investment for Retail investors was ₹14,820.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 11, 2024, and listed on both the NSE and BSE on Nov 13, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. 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 and ICICI Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Swiggy Limited IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 371 – 390
- Lot Size
- 38
- Issue Size
- ₹11327.43 Cr
- Minimum Investment
- ₹14820 (38 Shares)
- Listing Date
- 13 November 2024
Current GMP
₹1 (+0.26%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Swiggy Limited IPO
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.
Swiggy Limited IPO 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%
Swiggy Limited IPO Objective
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
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
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 with a total issue size of ₹11327.43 crore. The Swiggy Limited IPO price band is ₹371 to 390 per share. The Swiggy Limited IPO subscription opens on Wed, Nov 6, 2024, and closes on Fri, Nov 8, 2024. The Swiggy Limited IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Swiggy Limited IPO.
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 per share.
Swiggy Limited IPO lot size is 38 shares, Retail investors need a minimum investment of ₹14820 based on the upper price band
The minimum investment for Swiggy Limited IPO is ₹14820, based on one lot of 38 shares at the upper price band of ₹390 per share.
Investors can apply for the Swiggy Limited IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Nov 8, 2024. The application amount remains blocked until the Swiggy Limited IPO allotment is finalized.
Swiggy Limited IPO issue size is ₹11327.43 crores.
Swiggy Limited IPO allotment date is Wed, Jul 1, 2026.
The registrar for Swiggy Limited IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Swiggy Limited IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.