Swiggy Share Price Target 2024, 2025, 2026, 2030, 2040, 2050
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 Company Financials
- 4 Swiggy Share Price Target Tomorrow
- 5 Swiggy Share Price Target 2024
- 6 Swiggy Share Price Target 2025
- 7 Share Price Target 2030
- 8 Share Price Target 2040
- 9 Share Price Target 2050
- 10 Comparison between Swiggy and Zomato
- 11 Peer comparison
- 12 Objects of the Issue (Swiggy IPO Objectives)
- 13 Should I Buy Swiggy Stock?
- 14 Swiggy Ltd Earning Results
- 15 Is Swiggy Stock Good to Buy? (Bull case & Bear case)
- 16 Swiggy IPO Promoter Holding
- 17 Swiggy Limited Contact Details
- 18 Conclusion
- 19 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 has reached the maximum number of cities. It generally targets big and small cities because rural areas are less profitable than metropolitan cities. Besides the online delivery items, they deliver groceries, household items, book seats in restaurants and more.
Swiggy IPO Details
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: | November 6, 2024 |
| IPO Close Date: | November 8, 2024 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹371 to ₹390 Per Share |
| Issue Size: | ₹4,499.00 Crores |
| Fresh Issue: | ₹6,828.43 Crores |
| Offer for Sale: | Approx 185,286,265 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
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 |
As it is an online platform it reaches most people and has grown very quickly. It has now spread to over 100 cities in India. It helps people order food from local restaurants and have it delivered to their homes. It’s easy to use, showing a list of nearby restaurants and menus so customers have many options. The company launched its IPO on 6th November and the range of its per share is between Rs 371 to Rs 390.
| Day | Minimum Price | Maximum Price |
| Tomorrow | -15 | +20 |
Its IPO is going to be launched from November 6 to November 8, 2024. The final list of who gets the shares will be announced on November 11, 2024, and Swiggy will be listed on the BSE and NSE stock exchanges on November 13, 2024. The share price will be between ₹371 and ₹390 and on the first day you could see a fast and rapid movement. So in 2024, its share price target would be ₹530 as per our analysis.
By 2024, its share price would be between ₹340 to ₹530 as per our expert’s advice.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 340 | 530 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| November | 340 | 450 |
| December | 371 | 530 |
The company is launching an IPO worth Rs 11,327.43 crores, which includes 11.54 crore new shares worth Rs 4,499 crores and the sale of 17.51 crore existing shares worth Rs 6,828.43 crores. The company is planning to use the money from its IPO to invest in its main subsidiary, Scootsy, and improve its technology and cloud systems to promote its brand and business. These plans will happen over time. Also, big investors Plan to Invest in this IPO. In 2025 its share price target would ₹680 by our deep research and analysis.
Its share price would be between ₹370 to ₹680 in 2025 according to our experts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 370 | 680 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 370 | 520 |
| February | 370 | 533 |
| March | 390 | 530 |
| April | 400 | 541 |
| May | 434 | 554 |
| June | 446 | 565 |
| July | 440 | 572 |
| August | 457 | 580 |
| September | 463 | 590 |
| October | 475 | 613 |
| November | 482 | 610 |
| December | 494 | 625 |
The company wants to strengthen its position in the market. It has grown from a food delivery service to a major player in quick grocery delivery with its Instamart service. With the IPO it plans to raise money to expand its operations, especially in quick grocery delivery. While it faces competition from Zepto. Swiggy’s size and established presence give it a strong advantage. The IPO will be a key step for the company as it aims to grow and maintain its leadership in food and grocery delivery. So by 2030, its share price target would be ₹1125 as per our prediction.
In 2030, its share price would be between ₹928 to ₹1125 as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 928 | 1225 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 928 | 944 |
| February | 937 | 961 |
| March | 946 | 970 |
| April | 955 | 987 |
| May | 970 | 980 |
| June | 963 | 1006 |
| July | 980 | 1021 |
| August | 996 | 1053 |
| September | 1034 | 1043 |
| October | 1030 | 1056 |
| November | 1048 | 1073 |
| December | 1086 | 1125 |
BlackRock and the Canada Pension Plan Investment Board are expected to be among the main investors in Swiggy’s IPO. This makes Swiggy’s IPO one of the largest public offerings this year. Also, the grey market premium (GMP) of its share was 6.41% higher than the highest official price, according to sources monitoring the grey market. So there is much positive sentiment related to this IPO and by 2040, its share price target would be ₹2831 as per the expert’s recommendation.
By 2040, its share price target would be between ₹2544 to ₹2831.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 2544 | 2831 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2544 | 2560 |
| February | 2553 | 2574 |
| March | 2560 | 2587 |
| April | 2576 | 2591 |
| May | 2587 | 2613 |
| June | 2597 | 2631 |
| July | 2621 | 2648 |
| August | 2640 | 2667 |
| September | 2657 | 2676 |
| October | 2690 | 2725 |
| November | 2713 | 2767 |
| December | 2756 | 2831 |
According to the source, the company will go to use the money from the new shares to invest in its important subsidiary, Scootsy, and pay off some debts. The funds will also help expand its network for quick deliveries by opening new stores and covering lease costs. Also, it plans to spend money on technology, marketing, and promoting its brand to increase awareness. The company also wants to grow by buying other businesses. So overall the company is working hard to expand its business and by the year 2050, we can expect its share price target of ₹5570.
By 2050, its share price target would be between ₹4956 to ₹5570 as per our research and analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 4956 | 5570 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 4956 | 5048 |
| February | 4976 | 5087 |
| March | 5032 | 5114 |
| April | 5100 | 5135 |
| May | 5130 | 5197 |
| June | 5157 | 5231 |
| July | 5211 | 5256 |
| August | 5237 | 5273 |
| September | 5270 | 5321 |
| October | 5307 | 5364 |
| November | 5380 | 5425 |
| December | 5421 | 5570 |
Price forecast
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 340 | 530 |
| 2025 | 370 | 680 |
| 2030 | 928 | 1225 |
| 2040 | 2544 | 2831 |
| 2050 | 4956 | 5570 |
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 |
Peer comparison
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Zomato Ltd | 259.60 | 309.12 | 229391.41 | 0.00 | 176.00 | 388.89 | 4799.00 | 68.50 | 1.14 |
| 2. | Info Edg.(India) | 7830.00 | 209.81 | 101464.35 | 0.28 | 84.74 | -91.06 | 700.82 | 11.98 | 3.65 |
| 3. | Swiggy | 87298.60 | -611.01 | -6.13 | 3222.22 | 34.83 | -24.39 | |||
| 4. | One 97 | 802.95 | 51126.41 | 0.00 | 930.00 | -42.26 | 1659.50 | -34.11 | -8.50 |
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.
Should I Buy Swiggy Stock?
As per its financial report the company is continuously seen to become a profitable company. Every year it reduces its debt and generates an increased profit amount compared to the previous years. Also, they had many pending plans which would be profitable over time. They spend a good amount of money on research to be a good competitor in this field.
| Mar. 2022 | Mar. 2023 | Mar. 2024 | |
|---|---|---|---|
| Sales + | 5,705 | 8,265 | 11,247 |
| Expenses + | 9,355 | 12,538 | 13,447 |
| Operating Profit | -3,650 | -4,273 | -2,199 |
| OPM % | -64% | -52% | -20% |
| Other Income + | 239 | 438 | 341 |
| Interest | 48 | 58 | 71 |
| Depreciation | 170 | 286 | 421 |
| Profit before tax | -3,629 | -4,179 | -2,350 |
| Tax % | 0% | 0% | 0% |
| Net Profit + | -3,629 | -4,179 | -2,350 |
| EPS in Rs | |||
| Dividend Payout % | 0% | 0% | 0% |
Swiggy Ltd Earning Results
Is Swiggy Stock Good to Buy? (Bull case & Bear case)
Bull Case:
- It is one of the top food delivery services in India, it always attracts customers by providing good service and offering a lot of discounts.
- The company is working on growing its quick delivery service and opening more Cloud Stores, which could lead to more sales.
- It spending on technology to improve service and efficiency, supporting future growth.
- With offerings like grocery delivery through Instamart, Swiggy can earn money from different sources.
- Big investors like BlackRock and CPPIB show confidence in Swiggy’s future.
Sarveshwar Foods Share Price Target 2024, 2025, 2030, 2040, 2050
Bear Case:
- It has debt which will become problematic if not paid on time.
- If the stock price is too high compared to what the company earns, it could be seen as overvalued.
- The company faces tough competition from companies like Zomato and Blinkit.
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.
Swiggy Limited Contact Details
Corporate Office Address:
Bundl Technologies Pvt Ltd
Tower D, 9th Floor, IBC Knowledge Park, Bannerghatta Road
Bangalore, 560029 India
Emails:- [email protected]
Partner Support
[email protected] | [email protected] | [email protected]
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
In this article, we discuss the company’s work, financial results, and much more. We have done deep research, and based on our predictions, we give you the company’s share price prediction for the upcoming year. The company is planning to expand its business and also try to reduce some of its debt through the IPO. So, before deciding on investment in its shares, please read the full article.
