Swiggy Limited IPO

Mainboard

E-Retail/ E-Commerce

Listed On: Nov 13, 2024 at ₹ 420.0(NSE)

₹ 14820 /38 Shares

Check Allotment

Price Summary

Last Closing

410.00 (5.13%)

52 Week High

489.40

52 Week Low

391.00

Last Update

19-Nov-2024 3:30 PM

Swiggy IPO Details

06 Nov, 2024

Open Date

08 Nov, 2024

Close Date

11 Nov, 2024

Allotment Date

13 Nov, 2024

Listing Date

Issue Price

₹371-390 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

420.0(NSE)

Listing Date

2024-11-13

Market Lot

Retail : 38 Shares (₹14,820/-)
S-HNI : 532 Shares (₹2,07,480/-)
B-HNI : 2,584 Shares (₹10,07,760/-)

Lead Manager

Kotak Mahindra Capital Company Limited
Citigroup Global Markets India Private Limited
Jefferies India Private Limited
Avendus Capital Pvt Ltd
J.P. Morgan India Private Limited
Bofa Securities India Limited
ICICI Securities Limited

Issue Size

Total ₹11,327.43 Cr :
#Fresh Issue : 115,358,974 shares(aggregating up to ₹4,499 Cr) +
#OFS : 175,087,863 shares of ₹1(aggregating up to ₹6,828.43 Cr)

Retail Portion

10% (Number of Retail Applications: 7,62,360 Approx),
(Number of S-HNI Applications : 27,227 Approx),
(Number of B-HNI Applications : 54,454 Approx)

Subscription

3.59 times

IPO Docs

DRHP RHP ANCHOR

Swiggy IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	86,923,475	43,461,737 28,974,491 14,487,246	28,974,491	160,109,703
Day 1 - 06-11-24 05:00 PM	0.00 x	0.06 0.03 x 0.12 x	0.54 x	0.12 x
Day 2 - 07-11-24 05:00 PM	0.28 x	0.14 0.10 x 0.21 x	0.84 x	0.35 x
Day 3 - 08-11-24 05:00 PM	6.02 x	0.41 0.37 x 0.50 x	1.14 x	3.59 x

Total No. of Applications: 7,15,124 (Approx)

Retail Subscription on the basis of Applications: Retail:0.90x BHNI:0.06x SHNI:0.42x times

Swiggy Valuations

EPS Pre IPO

-11.07

EPS Post IPO

-10.92

P/E Pre IPO

-35.23

P/E Post IPO

-35.72

RoNW

-8.21%

Swiggy Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	10,529.42	11,280.65	14,405.74
Revenue	11,634.35	8,714.45	6,119.78
Profit After Tax	-2,350.24	-4,179.31	-3,628.9
Net Worth	7,791.46	9,056.61	12,266.91
Reserves & Surplus	-7,880.85	-6,510.34	-3,311.1

About The Company

Swiggy, founded in 2014 and headquartered in Bangalore, is India’s largest online food delivery service, operating across 580+ cities as of 2023. Known for its fast, reliable, and convenient delivery, Swiggy has revolutionized the food delivery industry in India, becoming the go-to platform for millions of users.

In addition to food delivery, Swiggy has been serving millions of customers with the further strength of various premium services, such as instant grocery delivery through Instamart and same-day package delivery across cities through Swiggy Genie. Such diversification helps Swiggy become a dominant player in the on-demand delivery space catering to the growing needs of urban consumers.

The company has very strongly established Swiggy as a go-to platform for on-demand delivery solutions in India with continuous innovation and service expansion.

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 - Strength and Weakness

Strength

Swiggy achieved 42.4% revenue growth from FY 2022 to 2023.

Swiggy operates in over 500 cities across India effectively.

The company employs 48,000 staff and 200,000 delivery executives.

Weakness

Intense competition from Zomato, Zepto, and new market entrants.

Heavy reliance on revenue from the top 50 Indian cities.

Swiggy faces potential challenges with changing food delivery regulations.

Swiggy - Promoter(s)

Pre Issue Share Holding: 63.56%

Post Issue Share Holding: N/A%

Company Promoter(s)

Swiggy IPO - Issue Objectives

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
Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Swiggy IPO - Anchor Investors

Swiggy raises Rs 5,085 crore via anchor book.

New World Fund, Fidelity, Omnis Portfolio Investments, Nomura, Government Pension Fund Global, PGGM World Equity, Blackrock, Carmignac, Eastspring Investments, Citigroup, TOCU Europe, Integrated Core Strategies, CLSA, Matthews Asia Funds, and Societe Generale are the marquee global investors invested in the company via anchor book.

Domestic institutional investors participated in the anchor book included ICICI Prudential Mutual Fund, Kotak Mahindra AMC, SBI Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Trustee, 360 ONE, Mirae Asset, Nippon Life India, Bandhan Mutual Fund, Invesco India, Motilal Oswal Mutual Fund, Sundaram MF, Tata MF, UTI Mutual Fund, DSP India Fund, Ashoka Whiteoak, Baroda PNB Paribas, Helios MF, and Avendus.

Several insurance companies like SBI Life, HDFC Life, ICICI Prudential, Kotak Mahindra Life, Aditya Birla Sun Life, Bharti Axa Life, Edelweiss Life, Tata AIA Life, Reliance Nippon Life, Max Life, and Canara HSBC Life also became shareholders in the company by investing through anchor book.

Other Details

Company Contact Details

Swiggy

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/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: swiggy.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

Swiggy IPO - FAQs

Ans. Swiggy Limited IPO is a Mainboard IPO. The issue is priced at ₹371-390 per equity share. The minimum order quantity is 38 Shares. The IPO opens on Nov 6, 2024, and closes on Nov 8, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Swiggy Limited IPO opens on Nov 6, 2024 and closes on Nov 8, 2024.

Ans. The size of Swiggy Limited IPO is Total ₹11,327.43 Cr : #Fresh Issue : 115,358,974 shares(aggregating up to ₹4,499 Cr) + #OFS : 175,087,863 shares of ₹1(aggregating up to ₹6,828.43 Cr).

Ans. The IPO price band is set between ₹371-390 per equity share.

Ans. To apply for Swiggy Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Swiggy Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Swiggy Limited IPO is Nov 11, 2024.

Ans. The Swiggy Limited IPO will be listed on Nov 13, 2024.

Ans. Follow the steps to check the allotment status for Swiggy Limited IPO here.