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Swiggy IPO is a book built issue of Rs 11,327.43 crores. The issue is a combination of fresh issue of 11.54 crore shares aggregating to Rs 4,499.00 crores and offer for sale of 17.51 crore shares aggregating to Rs 6,828.43 crores.
Swiggy IPO opens for subscription on November 6, 2024 and closes on November 8, 2024. The allotment for the Swiggy IPO is expected to be finalized on Monday, November 11, 2024. Swiggy IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, November 13, 2024.
Swiggy IPO price band is set at ₹371 to ₹390 per share. The minimum lot size for an application is 38 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (532 shares), amounting to ₹207,480, and for bNII, it is 68 lots (2,584 shares), amounting to ₹1,007,760.
The issue includes a reservation of up to 750,000 shares for employees offered at a discount of Rs 25 to the issue price.
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 and ICICI Securities Limited are the book running lead managers of the Swiggy IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Swiggy IPO RHP for detailed information.
IPO Date | November 6, 2024 to November 8, 2024 |
Listing Date | [.] |
Face Value | ₹1 per share |
Price Band | ₹371 to ₹390 per share |
Lot Size | 38 Shares |
Total Issue Size | 290,446,837 shares (aggregating up to ₹11,327.43 Cr) |
Fresh Issue | 115,358,974 shares (aggregating up to ₹4,499.00 Cr) |
Offer for Sale | 175,087,863 shares of ₹1 (aggregating up to ₹6,828.43 Cr) |
Employee Discount | Rs 25 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 2,123,066,748 |
Share holding post issue | 2,238,425,722 |
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not less than 75% of the Net Issue |
Retail Shares Offered | Not more than 10% of the Net Issue |
NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
Swiggy IPO opens on November 6, 2024, and closes on November 8, 2024.
IPO Open Date | Wednesday, November 6, 2024 |
IPO Close Date | Friday, November 8, 2024 |
Basis of Allotment | Monday, November 11, 2024 |
Initiation of Refunds | Tuesday, November 12, 2024 |
Credit of Shares to Demat | Tuesday, November 12, 2024 |
Listing Date | Wednesday, November 13, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2024 |
Investors can bid for a minimum of 38 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 38 | ₹14,820 |
Retail (Max) | 13 | 494 | ₹192,660 |
S-HNI (Min) | 14 | 532 | ₹207,480 |
S-HNI (Max) | 67 | 2,546 | ₹992,940 |
B-HNI (Min) | 68 | 2,584 | ₹1,007,760 |
Lot Size Calculator |
The Company does not have an identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act.
Share Holding Pre Issue | 63.56% |
Share Holding Post Issue |
Founded in 2014, Swiggy Limited provides its users with an easy-to-use platform that they can access via a single app to search, select, order, and pay for food (Food Delivery), grocery and household goods (Instamart) and have orders delivered to their homes via an on-demand delivery partner network.
The company has five business units:
The company's platform enables restaurant reservations (Dineout) and event bookings (SteppinOut), product pickups/deliveries (Genie) and other hyperlocal commerce activities (Swiggy Minis and others). The company also offers a membership program called “Swiggy One” with discounts and offers, in-app payment solutions such as a digital wallet “Swiggy Money” (a prepaid payment instrument), “Swiggy UPI” and a Swiggy-HDFC Bank credit card for additional benefits.
Swiggy offers restaurant partners, merchant partners (who sell grocery and household items on the Swiggy platform) and brand partners, including alliance partners, comprehensive business enablement solutions such as analytics-driven tools to improve their online presence and user base, fulfillment services to streamline their supply chain and last-mile delivery.
As of June 30, 2024, Swiggy carried a selection of approximately 19,000 SKUs of grocery and household items. These products include (i) everyday convenience purchases such as eggs, bread, fruit, and vegetables, (ii) impulse purchases of snacks and quick meals, (iii) recurring purchases that are typically made on a monthly or weekly basis, such as Household items like shampoo, soap and others, (iv) call-off purchases that are made on an ad hoc basis, such as feminine hygiene, basic pharmaceutical and personal care items and stationery, and (v) occasion and festival-related purchases, which include sweets, festive supplies and team items at sporting events.
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 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 |
The market capitalization of Swiggy IPO is Rs 87298.6 Cr.
KPI as of June 30, 2024.
KPI | Values |
---|---|
RoNW | -8.21% |
P/BV | 11.6 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | -11.07 | -10.92 |
P/E (x) | -35.23 | -35.72 |
The company proposes to utilize the Net Proceeds towards funding the following objects:
Swiggy Limited
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/
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
Lead Manager Reports
Swiggy IPO is a main-board IPO of 290,446,837 equity shares of the face value of ₹1 aggregating up to ₹11,327.43 Crores. The issue is priced at ₹371 to ₹390 per share. The minimum order quantity is 38 Shares.
The IPO opens on November 6, 2024, and closes on November 8, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Swiggy IPO using UPI as a payment gateway. Zerodha customers can apply in Swiggy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Swiggy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Swiggy IPO opens on November 6, 2024 and closes on November 8, 2024.
Swiggy IPO lot size is 38 Shares, and the minimum amount required is ₹14,820.
You can apply in Swiggy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Swiggy IPO will be done on Monday, November 11, 2024, and the allotted shares will be credited to your demat account by Tuesday, November 12, 2024. Check the Swiggy IPO allotment status.
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