Swiggy Limited launched its IPO on November 6, 2024. The Swiggy IPO is a book-built issue that aims to raise ₹11,327.43 crores through a combination of a fresh issue and an offer for sale. The company plans to offer 11.54 crore shares as a fresh issue, aggregating to ₹4,499.00 crores, and an offer for sale of 17.51 crore shares, aggregating to ₹6,828.43 crores. The IPO price band is set between ₹371 and ₹390 per share, with a minimum IPO lot size of 38 shares. The IPO allotment is expected on November 11, with the BSE and NSE listing set for November 13.
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Swiggy Limited IPO Timeline Details
| Detail | Information |
| IPO Opening Date | November 6, 2024 |
| IPO Closing Date | November 8, 2024 |
| Listing Date | November 13, 2024 |
| Face Value | ₹1 per share |
| Price Range | ₹371 to ₹390 per share |
| Lot Size | 38 shares |
| Total Issue Size | 290,446,837 shares (₹11,327.43 Cr) |
| Fresh Issue | 115,358,974 shares (₹4,499.00 Cr) |
| Offer for Sale | 175,087,863 shares (₹6,828.43 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 2,123,066,748 shares |
Swiggy Limited: Company Overview
Founded in 2014, Swiggy Limited offers users a simple and convenient platform through a single app to search for, select, order, and pay for food and household goods, all delivered right to their homes.
Swiggy operates through five main business units:
- Food Delivery: Customers can order food from a wide range of restaurants.
- Out-of-home Consumption: This includes dining at restaurants and catering for events.
- Quick Commerce: A fast delivery service for grocery and household items through Instamart.
- Supply Chain and Distribution: They manage business-to-business deliveries, warehousing, logistics, and distribution for wholesalers and retailers.
- Platform Innovation: This includes new services like Swiggy Genie, which offers product pickups and deliveries, and Swiggy Minis for hyperlocal commerce.
Swiggy also provides a membership program called Swiggy One, which offers discounts and special deals. Users can make payments through in-app solutions like Swiggy Money, a digital wallet, Swiggy UPI, and a credit card in partnership with HDFC Bank.
As of June 30, 2024, Swiggy’s Instamart featured about 19,000 SKUs (Stock Keeping Units) of grocery and household items, ranging from everyday essentials like fruits and vegetables to personal care products.
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Swiggy Limited: Key IPO Details (Tentative Schedule)
- Swiggy Limited IPO Opening Date: November 6, 2024
- Swiggy Limited IPO Closing Date: November 8, 2024
- Swiggy IPO Allotment Date: November 11, 2024
- Swiggy IPO Price Band: ₹371 to ₹390 per share
- Swiggy IPO Lot Size: 38 shares
- IPO Refunds Initiated: November 12, 2024
- Shares Credited to Demat: November 12, 2024
- IPO Listing Date: November 13, 2024
Swiggy Limited: Key Financial Highlights
Swiggy has shown strong growth in revenue and operational scale.
| Year Ending | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Reserves and Surplus (₹ Cr) | Total Borrowing (₹ Cr) |
| 30 Jun 2024 | 10,341.24 | 3,310.11 | -611.01 | 7,444.99 | -7,750.85 | 256.61 |
| 31 Mar 2024 | 10,529.42 | 11,634.35 | -2,350.24 | 7,791.46 | -7,880.85 | 211.19 |
| 31 Mar 2023 | 11,280.65 | 8,714.45 | -4,179.31 | 9,056.61 | -6,510.34 | |
| 31 Mar 2022 | 14,405.74 | 6,119.78 | -3,628.90 | 12,266.91 | -3,311.10 |
Swiggy Limited IPO: SWOT Analysis
Swiggy’s IPO is a big opportunity for investors. One of its strengths is having a strong delivery network, which helps it succeed. However, it faces tough competition in the Indian food delivery market.
On the bright side, there are chances to grow, especially with increasing population wanting to do groceries online.
FAQs: Swiggy Limited IPO
Swiggy Limited is a food delivery and quick commerce company that allows users to order food, groceries, and household items through a single app.
The IPO bidding date for the Swiggy is from November 6, 2024, to November 8, 2024.
The IPO lot size for Swiggy Limited is 38 shares.
The Swiggy Limited IPO launch date is November 6, 2024. It will remain open for subscription until November 8, 2024.
You can check the allotment of IPO shares through the official registrar’s website.
The IPO allotment is expected to be finalized on Monday, November 11, 2024.
The IPO face value is set at ₹1 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.