The book-running lead managers of this IPO is Kotak Mahindra Capital Company Limited,J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Jefferies India Private Limited, ICICI Securities Limited, Avendus Capital Private Limited. For more information check Swiggy IPO DRHP and RHP details.
Swiggy IPO Details
| IPO Issue Open Date: | 6 November 2024 |
| IPO Issue Close Date: | 8 November 2024 |
| IPO Issue Price Band: | ₹371 to ₹390 Per Share |
| Face Value: | ₹1 Per Equity Share |
| IPO Issue Size: | ₹11,327 Crores | 115,358,974 shares |
| Fresh Issue: | ₹4,499 Crores | 115,358,974 shares |
| Offer for Sale: | 175,087,863 shares |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Swiggy IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Swiggy IPO Dates Timeline
| Issue Open Date: | 6 November 2024 |
| Issue Close Date: | 8 November 2024 |
| Basis of Allotment Date: | 11 November 2024 |
| Refunds Initiation: | 12 November 2024 |
| Shares Credit in Demat: | 12 November 2024 |
| IPO Listing Date Detail: | 13 November 2024 |
Swiggy IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and [.] shares = ₹[.] |
| Retail (Max) | 1 lots and [.] shares = ₹[.] |
| HNI (Min) | 2 lots and [.] shares = ₹[.] |
| B-HNI Minimum | – |
Swiggy IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹2 | ₹- | ₹- | 1% |
| 7th Nov | ₹15 | ₹500 | ₹- | 4% |
| 6th Nov | ₹20 | ₹- | ₹700 | 5% |
| 4th Nov | ₹12 | ₹- | ₹- | 3% |
| 1th Nov | ₹25 | ₹- | ₹- | 6% |
About Swiggy
Swiggy, headquartered in Bangalore, is the food delivery industry in India. They launched their food delivery service on 1st August 2014, and their main features include quality, variety, reliability, and consistency. Swiggy operates in 580 Indian cities and aims to create a B2C (business-to-consumer) marketplace platform with various restaurant and merchant partners offering different foods. In terms of financial reports, Swiggy’s gross revenue was 17,296.30 in 2024, compared to 14,545.32 in the previous year ending on 30th June. Revenue from operations was 112,473.90 for the financial year 2024, 112,473.90 for 2023, and 57,048.97 for 2022.
Swiggy IPO Strengths
- Pioneers of high-frequency hyperlocal commerce categories driven by an innovation-led culture
- A consistently growing network of user
- Rising user engagement on our platform:
- “Swiggy” brand delivered through a unified app with consistent user experience:
- A preferred choice for restaurant partners, merchant partners, brand partners and delivery partners
Objects of the IPO Issue
- Investment in our Material Subsidiary, Scootsy, for repayment or pre – payment, in full or in part, of certain or all of its borrowings;
- Investment in our Material Subsidiary, Scootsy, for: (a) expansion of our Dark Store network for our 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 our platform, across our segments; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Swiggy Company Financial Report
The company reported revenue of ₹11634.35 crores in 2024 against ₹8714.45 crores in 2023. The company reported a profit of ₹2,350.24 crores in 2024 against a loss of ₹4,179.31 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹6,119.78 | ₹9,574.45 | ₹3,628.90 | ₹14,405.74 |
| 2023 | ₹8,714.45 | ₹12,884.40 | ₹4,179.31 | ₹11,280.65 |
| 2024 | ₹11,634.35 | ₹13,947.38 | ₹2,350.24 | ₹10,529.42 |
| June 2024 | ₹3,310.11 | ₹3,907.96 | ₹611.01 | ₹10,341.24 |
Swiggy IPO Valuation – Key Performance Indicator
Check Swiggy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | –₹10.70 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -30.16% |
| Net Asset Value (NAV): | ₹35.48 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Zomato Limited | 0.41 | 742.50 | 1.72% | 23.14 | 12,114 Cr. |
Swiggy IPO Registrar
Link Intime India Private Limited
Phone: +91 810 811 4949
Email: swiggy.ipo@linkintime.co.in
Website: www.linkintime.co.in
Swiggy IPO Lead Manager
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- Citigroup Global Markets India Private Limited
- BofA Securities India Limited
- Jefferies India Private Limited
- ICICI Securities Limited
- Avendus Capital Private Limited
Swiggy IPO allotment status check on Link Intime website. Click on Link Intime India Private Limited to get allotment status.
Promoters of Swiggy
- The company doesn’t have an Identifiable promoters.
Company Address
Swiggy Limited
No. 55, Sy No. 8-14, Ground Floor,
I&J Block, Embassy Tech Village,
Outer Ring Road, Devarbisanahalli,
Bengaluru 560 103,
Karnataka, India
Phone: +91 95907 56603;
Email: secretarial@swiggy.in;
Website: ww.swiggy.com