Swiggy IPO vs Waaree Energies IPO

Comparision between Swiggy IPO and Waaree Energies IPO.

IPO Details

Swiggy IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Waaree Energies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Swiggy IPO	Waaree Energies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	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	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Swiggy IPO is up to ₹11,327.43 Cr whereas the issue size of the Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Swiggy IPO is ₹390.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Swiggy IPO	Waaree Energies IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹371.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹390.00 per share	₹1,503.00 per share
Issue Price (Final)	₹390.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share
Market Lot Size	38 shares	9 shares
Fresh Issue Size	11,53,58,974 shares	2,39,52,095 shares
Fresh Issue Size (Amount)	up to ₹4,499.00 Cr	up to ₹3,600.00 Cr
OFS Issue Size	17,50,87,863 shares	48,00,000 shares
OFS Issue Size (Amount)	up to ₹6,828.43 Cr	up to ₹721.44 Cr
Issue Size Total	29,04,46,837 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹11,327.43 Cr	up to ₹4,321.44 Cr

IPO Timetable

Swiggy IPO opens on Nov 06, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Swiggy IPO and Waaree Energies IPO is Nov 08, 2024, and Oct 23, 2024, respectively.

	Swiggy IPO	Waaree Energies IPO
Anchor Bid Date	Nov 05, 2024	Oct 18, 2024
Issue Open	Nov 06, 2024	Oct 21, 2024
Issue Close	Nov 08, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Nov 11, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Nov 12, 2024	Oct 25, 2024
Credit of Share (Tentative)	Nov 12, 2024	Oct 25, 2024
Listing date (Tentative)	Nov 13, 2024	Oct 28, 2024
Anchor Lockin End date 1	Dec 10, 2024	Nov 22, 2024
Anchor Lockin End date 2	Feb 08, 2025	Jan 21, 2025

Financials

Swiggy IPO P/E ratio is -35.23, as compared to Waaree Energies IPO P/E ratio of 30.87.

Swiggy IPO

Waaree Energies IPO

Financial

Swiggy Limited Financial Information (Restated Consolidated)

Swiggy Limited's revenue increased by 34% and profit after tax (PAT) rose by 44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,341.24	10,529.42	11,280.65	14,405.74
Revenue	3,310.11	11,634.35	8,714.45	6,119.78
Profit After Tax	-611.01	-2,350.24	-4,179.31	-3,628.9
Net Worth	7,444.99	7,791.46	9,056.61	12,266.91
Reserves and Surplus	-7,750.85	-7,880.85	-6,510.34	-3,311.1
Total Borrowing	256.61	211.19
Amount in ₹ Crore

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

63.56%

71.80%

Promoter Shareholding (Post-Issue)

52.97%

64.30%

P/E Ratio

-35.23

30.87

Market Cap

₹87298.60 Cr.

₹42939.36 Cr.

ROE

8.79%%

ROCE

9.45%%

Debt/Equity

0.06

EPS

₹-11.07

₹48.69

RoNW

-8.21%%

8.81%%

Shares Offered

In the Swiggy IPO retail investors (RII) are offered 2,89,74,491 shares while in Waaree Energies IPO retail investors are offered 2,89,74,491 shares. Qualified institutional buyers (QIB) are offered 8,69,23,475 shares in Swiggy IPO and 56,63,925 shares in Waaree Energies IPO.

	Swiggy IPO	Waaree Energies IPO
Anchor Investor Reserveration	13,03,85,211 shares	84,95,887 shares
Market Maker Reserveration
QIB	8,69,23,475 shares	56,63,925 shares
NII	4,34,61,737 shares	42,47,945 shares
RII	2,89,74,491 shares	99,11,869 shares
Employee	7,50,000 shares	4,32,468 shares
Others
Total	16,01,09,703 shares	2,02,56,207 shares

Bids Received (Subscription)

Swiggy IPO subscribed 3.59x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Swiggy IPO	Waaree Energies IPO
QIB (times)	6.02x	215.03x
NII (times)	0.41x	65.25x
Big NII (times)	0.37x	71.32x
Small NII (times)	0.50x	53.10x
RII (times)	1.14x	11.27x
Employee (times)	1.65x	5.45x
Other (times)
Total (times)	3.59x	79.44x

Compare with others

Swiggy IPO	Waaree Energies IPO
Avanse Financial Services IPO	Sagility India IPO
NTPC Green Energy IPO	ACME Solar Holdings IPO
Niva Bupa Health Insurance IPO	Swiggy IPO
Sagility India IPO	Godavari Biorefineries IPO
ACME Solar Holdings IPO	Deepak Builders & Engineers IPO
Godavari Biorefineries IPO	Garuda Construction and Engineering IPO
Deepak Builders & Engineers IPO	Afcons Infrastructure IPO
Waaree Energies IPO	Hyundai Motor IPO
Garuda Construction and Engineering IPO	Diffusion Engineers IPO
Afcons Infrastructure IPO	Manba Finance IPO

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