Swiggy IPO GMP Today, Swiggy IPO Grey Market Premium Updates |
Swiggy IPO, Latest target, Opening gain
Swiggy IPO began on November 6, 2024. It will close on November 8, 2024. The Total IPO Size is ₹ 11,327.43 Crore Approx. The company set its IPO price is ₹371 to ₹390 per share Per Share. There are three basic categories in Swiggy IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-.+Institutional Investors. 3) Retail.
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’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.
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.
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.
The company has five business units:
- Food Delivery;
- Out-of-home consumption, which includes restaurant visits and events;
- Quick Commerce for the delivery of grocery and household items on demand;
- Supply chain and distribution: business-to-business (“B2B”) deliveries, warehousing, logistics and distribution for wholesalers and retailers; and
- Platform innovation for new initiatives and offerings such as Swiggy Genie and Swiggy Minis.
As of June 30, 2024, the company employed 5,401 people.
Swiggy IPO Details:
| Issuer | Swiggy IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: November 6, 2024. | |
| Issue Closes: November 8, 2024. | ||
| Price Brand | ₹371 to ₹390 per share | |
| Issue Size | ₹ 11,327.43 Cr | |
| Face Value | ₹1 per share | |
| Market Lot | – Shares | |
| Retail (Max) | ₹– | |
| QIB | 75% | |
| HNI | 15% | |
| Retail Individual Bidders | 10% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 290,446,837 Shares | |
| UPCOMING IPO 2024 | Best sites for stock market |
| Best Stock Trading Apps 2024 | Best book for stock market beginners |
Swiggy IPO GMP Rates day by day
Swiggy IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Swiggy IPO Date, Allotment & Listing:
| Swiggy IPO Opening Date: | November 6, 2024. |
| Swiggy IPO Closing Date: | November 8, 2024. |
| Basis of Allotment: | November 11, 2024. |
| Initiation of Refunds: | November 12, 2024. |
| Credit to Demat Account: | November 12, 2024. |
| Listing Date: | November 13, 2024. |
Swiggy Limited Financial Information (Restated)
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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
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 |
Objects of the Issue (Swiggy IPO Objectives)
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Investment in the Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings;
- Investment in the Material Subsidiary, Scootsy, for (a) expansion of Dark Store network for Quick Commerce segment through setting up of Dark Stores; and (b) making lease/license payments for Dark Stores;
- Investment in technology and cloud infrastructure;
- Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Swiggy IPO ALLOTMENT STATUS
How to Apply for Swiggy IPO?
If you’re a new investor Open a DEMAT Account for free with Angel One and build wealth with the best stock choices. Join a 1 million+ family of happy customers.
How to Apply Swiggy IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Swiggy”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Swiggy IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Swiggy”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Swiggy IPO?
Swiggy IPO is a main-board initial public offering of 290,446,837 Equity shares of the face value of ₹1 aggregating up to ₹ 11,327.43 Crores. The issue price of the IPO is ₹371 to ₹390 Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. 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.
The Swiggy IPO opens on November 6, 2024. and closes on November 8, 2024..
How to apply for Swiggy IPO?
You can apply in Swiggy IPO online using either UPI or ASBA as payment method. 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.
When Swiggy IPO allotment?
The finalization of Basis of Allotment for Swiggy IPO will be done on November 11, 2024.and the allotted shares will be credited to your demat account by November 12, 2024.
Check the Swiggy IPO allotment status.
When is Swiggy IPO listing date?
The Swiggy IPO listing date is not yet announced. The tentative date of Swiggy IPO listing is November 13, 2024.
What is the lot size of Swiggy IPO?
Swiggy lot size is – Shares and the minimum order quantity is 1 Share.