Swiggy IPO (Swiggy Limited IPO)
Swiggy IPO open for bidding on 6th November 2024 and ends on 8th November 2024.
Swiggy Limited is a leading online food delivery platform in India, leveraging technology to provide customers with a seamless and convenient way to order food. With its extensive network of partner restaurants across the country, Swiggy enables customers to access a variety of food choices at their fingertips.
Swiggy has also diversified its services by offering grocery delivery and essentials through its platform, broadening its value proposition. This shift positions the company as a key player in both food and everyday item delivery markets.
To drive growth and customer engagement, Swiggy continuously invests in technology and logistics infrastructure. The company’s proprietary systems optimize delivery times, ensuring a high-quality customer experience.
For more details refer to Swiggy IPO RHP and Swiggy IPO Pulse Score
Swiggy IPO Details
| IPO Date | 6th November 2024 to 8th November 2024 |
| Listing Date | 13th November 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹371 to ₹390 per share |
| Lot Size | 38 Shares |
| Total Issue Size | 29,04,94,914 shares (aggregating up to ₹11,327.43 Cr) |
| Fresh Issue | 11,54,07,051 shares (aggregating up to ₹4,499.00 Cr) |
| Offer for Sale | 17,50,87,863 shares of ₹1 (aggregating up to ₹6,828.43 Cr) |
| Employee Discount | ₹25 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 13,03,85,211(44.9%) |
| QIB | 8,69,23,475(29.9%) |
| NII | 4,34,61,737(15%) |
| bNII | 2,89,74,492(10%) |
| sNII | 1,44,87,245(5%) |
| Retail | 2,89,74,491(10%) |
| Employees | 7,50,000(0.2%) |
| Total | 29,04,94,914(100%) |
Swiggy IPO Timeline
| IPO Open | 6th November 2024 |
| IPO Close | 8th November 2024 |
| Basis Of Allotment | 11th November 2024 |
| Initiation of Refunds | 12th November 2024 |
| Credit of Shares to Demat | 12th November 2024 |
| Listing Date | 13th November 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹87,298.6 Cr | P/E Ratio- Pre IPO | -35.23 |
| RoNW* | -8.21% | P/E Ratio- Post IPO | -35.72 |
| RoCE* | P/B Ratio | 11.6 | |
| Debt to Equity | 0.03 | PAT Margin |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three months period ended June 30, 2024
Swiggy IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of 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 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 the platform, across the segments; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
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