Swiggy Limited IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 06 Nov 2024
Close Date
Fri, 08 Nov 2024
Price Band
₹ 371 – 390
Lot Size
38
Issue Size
₹ 11,327.43 Cr
Minimum Investment
₹ 14,820 (38 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Swiggy Limited IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹11,327.43 Crore, comprising a fresh issue of 11.54 Crore equity shares aggregating to ₹4,499.00 Crore and an offer for sale (OFS) of 17.51 Crore equity shares aggregating to ₹6,828.43 Crore by the existing shareholders.
The Swiggy Limited IPO remained open for subscription from November 06, 2024, to November 08, 2024. The basis of allotment was finalized on November 11, 2024, and the company's shares were listed on the NSE and BSE on November 13, 2024.
The company had fixed the price band at ₹371 to ₹390 per share, with a lot size of 38 shares. Retail investors were required to make a minimum investment of ₹14,820 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 750,000 equity shares for eligible employees, who received a discount of ₹25 per share.
MUFG Intime India Private Limited served as the registrar to the issue. 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 acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Swiggy Limited IPO is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Swiggy Limited IPO Timeline (Tentative)
- IPO Open Date
- Wed, 06 Nov 24
- IPO Close Date
- Fri, 08 Nov 24
- Basis of Allotment
- Mon, 11 Nov 24
- Initiation of Refunds
- Tue, 12 Nov 24
- Credit of Shares to Demat
- Tue, 12 Nov 24
- Listing Date
- Wed, 13 Nov 24 — NSE & BSE
Open Date
06 November 2024
Close Date
08 November 2024
Basis Of Allotment
11 November 2024
Listing Date
13 November 2024
IPO Subscription
Check Live Subscription →The Swiggy Limited IPO has received bids for 57,53,08,942 shares against 16,01,09,703 shares offered, resulting in an overall subscription of 3.59x. the NII category is subscribed 0.41x, Retail Investors 1.14x, Employees 1.65x, and QIBs 6.02x. Within the NII category, BNII is subscribed 0.37x, while SNII is subscribed 0.5x.
QIB
6.02x
NII
0.41x
BNII
0.37x
SNII
0.5x
RII
1.14x
EMP
1.65x
Total
3.59x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 2,89,74,491 shares, representing 9.97% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,69,23,475 shares (29.92%), while Non-Institutional Investors (NIIs) receive 4,34,61,737 shares (14.96%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 130,385,211 | 44.88% |
| Qualified Institutions | 86,923,475 | 29.92% |
| Non-Institutional | 43,461,737 | 14.96% |
| BNII | 28,974,492 | 9.97% |
| SNII | 14,487,245 | 4.99% |
| Retail Investors | 28,974,491 | 9.97% |
| Employees | 750,000 | 0.26% |
| Total | 290,494,914 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Swiggy Limited IPO KPI Information
| Particular | KPI |
|---|---|
| RoNW % | -8.21 |
| PbW | 11.6 |
Peers Comparison
No Peer Comparision Available
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.
Swiggy Limited IPO Address / Contact Details
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
Swiggy Limited IPO Lot Size
The Swiggy Limited IPO has a lot size of 38 shares. Retail investors require a minimum investment of ₹14,820 by applying for 1 lot (38 shares). The maximum application allowed for the retail category is 13 lots (494 shares), requiring an investment of ₹1,92,660.
| 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 |
Issue Reservation
- Anchor Investors — 44.88%
- QIB — 29.92%
- NII — 14.96%
- RII — 9.97%
- EMP — 0.26%
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
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Swiggy Limited 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.
When will the Swiggy Limited IPO open for subscription?
The Swiggy Limited IPO opens on Wed, Nov 6, 2024 and closes on Fri, Nov 8, 2024
What is Swiggy Limited IPO Price Band?
Swiggy Limited IPO Price Band is ₹371 to 390 per share.
What is Swiggy Limited IPO Lot Size?
Swiggy Limited IPO lot size is 38 shares, Retail investors need a minimum investment of ₹14820 based on the upper price band
What is the minimum investment for Swiggy Limited IPO?
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.
How to apply for Swiggy Limited IPO?
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.
What is Swiggy Limited IPO Issue Size?
Swiggy Limited IPO issue size is ₹11327.43 crores.
What is the Swiggy Limited IPO Allotment Date?
Swiggy Limited IPO allotment date is Mon, Nov 11, 2024.
Who is the Swiggy Limited IPO Registrar?
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.
What is the Swiggy Limited IPO GMP?
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 0.51% over the issue price.
Who is the Swiggy Limited IPO Lead Manager?
The book-running lead managers (BRLMs) for the Swiggy Limited IPO are 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. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Swiggy Limited IPO Red Herring Prospectus (RHP).