November 6, 2024 - November 8, 2024

Swiggy IPO Review & Recommendations

Canara Bank Securities Ltd, DRChoksey FinServ Pvt Ltd. and Indsec Securities have given "Apply" recommendation to Swiggy IPO. Dilip Davda, SBICAP Securities Limited and Swastika Investmart Ltd have given "May Apply" recommendation to Swiggy IPO. Capital Market has "Neutral" view about the IPO.

Swiggy IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	3	3	1	0	0
%	42.86	42.86	14.29	0.00	0.00

Swiggy IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Canara Bank Securities Ltd	Apply
Capital Market	Neutral
Dilip Davda	May Apply
DRChoksey FinServ Pvt Ltd.	Apply
Indsec Securities	Apply
SBICAP Securities Limited	May Apply
Swastika Investmart Ltd	May Apply

Swiggy IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Swiggy IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, however active risk seekers can try

Swiggy IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is an emerging e-commerce and food delivery related technology driven service provider. It posted steady growth in its top lines for the reported periods, but reported losses for all the while. Based on its financial performance, the IPO is having negative P/E and aggressive pricing based on other parameters. The management is confident of turning its operations profitable in coming few years with the strategy implied and with the funds from the IPO, hopes to scale up all offerings. Well-informed/cash surplus/risk seekers may park moderate funds for long term. Read detail review...

Swiggy IPO Peer Comparison

Swiggy Limited peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Swiggy Limited	-10.7	-10.7	35.48	-35.23	-30.16	11.14	Consolidated
Zomato Limited	0.41	0.4	23.14	634.5	1.72	7.91	Consolidated

Notes:

All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis). It is sourced from the annual reports / annual results as available of the respective company for the financial year ended March 31, 2024, submitted to stock exchanges. Further, the manner of computing certain ratios here may be different from the computation used by Swiggy Limited and may not provide a right comparison to investors.
Financial information of Swiggy Limited has been derived from the Restated Consolidated Financial Information as of or for the financial year ended March 31, 2024.
Basic/Diluted refers to the Basic/Diluted EPS sourced from the audited consolidated financial statements of the peer group company for the financial year ended March 31, 2024.
Return on Net Worth (%) is calculated as profit/ loss for the year divided by the Net Worth at the end of the respective year.
NAV per equity share refers to Equity attributable to equity shareholders of the parent at the end of the financial year divided by the number of shares outstanding at the end of the year.
The P/E ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on September 23, 2024, divided by the Diluted EPS for the financial year ended March 31, 2024.

Swiggy IPO Review by Members

Swiggy IPO Reviews, analysis and views by popular members. Read Swiggy Limited IPO reviews by retail investors to find recommended ipo to buy.

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Swiggy IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	3	2	0	5
%	30.00	20.00	0.00	50.00

Member	Review
S J P Shares	Avoid Swiggy ipo may be listing discount 10℅ May be not accept Upi mandate in last hour. \| November 9, 2024 8:40:03 PM
Samraheja	Apply for Short Term at Cut-off Price QIB 19000 cr \| November 8, 2024 3:02:45 PM
S.k sindhi	Avoid Loss making company Much better option available in secondary market 1\| November 7, 2024 3:48:47 PM
Pollachi Capitals	Avoid Fresh issue of 11.54 crores shares. Offer for sale of 17.51 crore shares. Assets Decreasing. Borrowings increasing. We feels its overvalued. We strongly feels that Business model and quality of service is not up to standard. You may get listing gain, Risk takers may try. We are not applying. \| November 7, 2024 12:45:45 PM
Gaurav G	Apply for Long Term at Cut-off Price I’m going to go ahead and buy it. Looks solid! \| November 4, 2024 8:56:54 PM
Cleason Pereira	May Apply for Short Term at Cut-off Price This is a promising opportunity for investors looking to tap into the growth potential of a company with a strong operational background and expanding market reach. With its established track record and strategic initiatives, investing in this IPO could offer significant value. It’s worth considering for those aiming to diversify their portfolio with a robust sector player. \| November 4, 2024 8:44:55 PM
RamReddy	Apply for Short Term at Upper Price Band Swiggy has just started Bolt (10 min food delivery service). Swiggy has always been an innovator, Zomato better at execution. The CEO acknowledging it recently, there is a decent chance they can get Bolt model right which if executed well, will be a game changer in food delivery. Will disrupt the fast food business. Given the arbitrage in valuation to Zomato, it might be good to pick at IPO and hold for 1 year to see how this turns out. \| November 3, 2024 12:44:14 PM
Dhanvantri	Avoid Loss.making so 10% Retail quota maybe Listed at discount . \| November 2, 2024 10:14:56 AM
Rakesh Baranwal	Avoid There is a lot of buzz about Swiggy's upcoming IPO, its IPO valuation is good but it is a loss making company. EPS, PE and RONW are negative. It will take a long time to give profit to shareholders and if we talk about listing gain then I don't have much hope as per the current market condition. Long term investors can buy Swiggy shares at a discounted price in the secondary market. 2\| November 1, 2024 2:48:29 AM
Pradeep Bishnoi	Apply for Long Term at Cut-off Price • Under valued. • Zomato market share 55%, Swiggy 45% •Zomato market cap 2.18 lakh cr., Swiggy 77800 cr • Best for long term. •May be you will get listing gain. I'll be apply in full force. Do research and then deside yourself. Good luck 🤞🍀 2\| October 30, 2024 9:51:42 AM
SurajPatel	May Apply for Listing Gain at Upper Price Band Looking at the price band, looks like they have learnt good lesson from Hyundai and have left something for the retailers. Not much interested as there are many other players (unlisted) in the competition when we discuss about the business model. 1\| October 29, 2024 6:50:13 PM

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1 Comments

1. 👉 Are CIRCUIT

| Link|October 24, 2024 6:03:12 PMReply

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