Swiggy (IPO) Share Price, Date, GMP, Review, Allotment Details
Swiggy is an Indian company that was started in Banglore in 2014. It helps you order food online from nearby restaurants. Initially, it was available in very few cities, but now it provides its services in more than 500 cities in India.
What is Swiggy Ltd?
Contents
- 1 What is Swiggy Ltd?
- 2 Swiggy IPO Details
- 3 Swiggy IPO Market Lot
- 4 Swiggy IPO Dates
- 5 Swiggy Share Price
- 6 Swiggy IPO Promoter Holding
- 7 Company Financials
- 8 Comparison between Swiggy and Zomato
- 9 Objects of the Issue (Swiggy IPO Objectives)
- 10 Swiggy IPO GMP
- 11 Swiggy Limited Contact Details
- 12 Conclusion
- 13 FAQs
Swiggy is an Indian company that helps you order food online and delivers it to your home. They make it easy to enjoy restaurant food at home, especially when you don’t feel like going out. Swiggy has different options for customers. One of these is Swiggy Pop, which delivers single meals in about 30-35 minutes.
The Swiggy Pop menu includes Indian thalis, bowl meals, biryanis, burgers, and Asian dishes. The company started in 2014 and is now available in more than 580 cities in India.
Swiggy IPO Details
No official date or details have been announced yet for the IPO’s launch. On Thursday, September 26, the company requested the Securities and Exchange Board of India (SEBI) to raise money through the IPO. The IPO will include new shares worth ₹3,750 crore and the sale of 18.52 crore shares from current owners. The company is also looking to raise more money before the IPO, which could change how many new shares they offer.
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹3,750 Crores |
| Offer for Sale: | Approx 185,286,265 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
Swiggy IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Swiggy IPO Dates
The Swiggy IPO date is 2024. and the close date is 2024. The Swiggy IPO allotment will be finalized on 2024 and the IPO listing on 2024..
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Basis of Allotment: | 2024 |
| Refunds: | 2024 |
| Credit to Demat Account: | 2024 |
| IPO Listing Date: | 2024 |
| Issue Size | 10400 Cr |
| Market Cap | ₹ 108276Cr. |
| Current Price | ₹ 510 |
| Lot Size | 100 |
| 52W High | ₹ 550 |
| EPS | -11.07 |
| P/B | 13.9 |
| Issue Size | 10400 Cr |
Swiggy IPO Promoter Holding
Sriharsha Majety, the CEO and founder, owns 6.23% of the company, and co-founder Lakshmi Nandan Reddy Obul owns 1.62%. As of the filing date, 5,232 people own regular shares and 1,187 own special shares called Compulsorily Convertible Preference Shares (CCPS).
In the DRHP pdf corporate selling shareholders have been mentioned: Elevation Capital V, Inspired Elite Investments, Tencent Cloud Europe B.V., MIH India Food Holdings, Accel India IV (Mauritius), Apoletto Asia, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V B.V. Some individual shareholders are there including Rahul Jaimini, Lakshmi Nandan Reddy Obul, and P.R. Venketrama Raja.
Company Financials
The company has been losing money since it started because its cash flow from operations is negative. Recently, its losses have gone down compared to past years. The money it makes from operations has been going up each year.
| Fiscal Year | Net Losess (Cr) | Operation Revenue(Cr) |
| FY22 | 3628.89 | 5704.89 |
| FY23 | 4179.30 | 8264.59 |
| Current Year | 2350.24 | 11247.39 |
| Financial Metrics | 31 Mar 2024 |
| Total Assets | 10,529.42 |
| Revenue | 11,634 |
| Total Expenses | 13,947 |
| Total comprehensive loss | 2,255 |
| Total Cash and cash equivalents | 869.10 |
| Total liabilities | 1,052 |
Comparison between Swiggy and Zomato
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Zomato Ltd | 0.41 | 742.50 | 1.72 | 23.14 | 12,114 Cr. |
For delivering food two company always is in the top. Swiggy is still competing closely with Zomato in food delivery but is falling behind in grocery delivery. Zomato made a net profit of ₹351 crore in FY24 and continued to be profitable in the first quarter of FY25. Zomato’s total revenue grew by 71% in FY24, reaching ₹12,114 crore. This included ₹6,161 crore from food delivery and ₹2,301 crore from its grocery service, Blinkit. Swiggy’s grocery service, Instamart, hasn’t caught up to Zomato’s size in this area yet.
| Aspect | Swiggy | Zomato |
| Food Delivery Competition | Competing closely | Competing closely |
| Grocery Delivery | Falling behind | Leading |
| Net Profit (FY24) | Not specified | ₹351 crore |
| Profitability (Q1 FY25) | Not specified | Profitable |
| Total Revenue (FY24) | Not specified | ₹12,114 crore |
| Revenue from Food Delivery | Not specified | ₹6,161 crore |
| Revenue from Grocery (Blinkit) | Not specified | ₹2,301 crore |
| Grocery Service (Swiggy) | Instamart | Blinkit |
| Scale in Grocery Delivery | Behind Zomato | Leading |
Objects of the Issue (Swiggy IPO Objectives)
The company wants to raise money by selling new shares worth up to ₹3,750 crore and also selling up to 185,286,265 existing shares. They plan to use the money to invest in Scootsy, to pay off its debts, and to grow their business. They’ll also improve their technology to increase their marketing and other business needs. Several well-known invest
ors involved in the sale include Baron Emerging Markets Fund, Coatue PE Asia, DST Asia VI, Elevation Capital, Goldman Sachs, Harmony Partners, Norwest Venture Partners, Accel, Alpha Wave Ventures, Apoletto Asia, Ark India Food-Tech Trust, Tencent Cloud Europe, and West Street Global Growth Partners.
Swiggy IPO GMP
The GMP(Grey Market Premium) shows how much higher the stock might be compared to its issue price. Unfortunately, its details are not revealed yet, we will update you as soon as the data comes out.
Swiggy Limited Contact Details
Corporate Office Address:
Bundl Technologies Pvt Ltd
Tower D, 9th Floor, IBC Knowledge Park, Bannerghatta Road
Bangalore, 560029 India
Emails:- partnersuport@swiggy.in
Partner Support
support@swiggy.in | careers@swiggy.in | grievances@swiggy.in
Swiggy IPO Lead Manager(s)
The book-running lead managers (BRLM) for the IPO are Jefferies India Private Limited, Kotak Mahindra, Capital Company, Citigroup Global Markets India Private Limited, and Avendus Capital Private Limited, while Link Intime India Private Limited serves as the issue’s registrar.
Conclusion
So, in this article, we have learned all the details of its IPO. It is one of the top companies offering online food delivery. They have many businesses, like Swiggy installment, delivery items, and much more. As soon as the details come out, we will notify you. Until then, stay tuned.