Wagons Learning IPO: A Comprehensive Overview...
30 Apr, 2025
Swiggy Limited IPO, GMP, Details, Price, And Review
Founded in 2014, Swiggy Limited offers a user-friendly platform that allows customers to easily search, select, order and pay for food (Food Delivery) and grocery and household items (Instamart), with orders delivered to their homes through a network of on-demand delivery partners.
The company operates five main business units:
•Food Delivery
• Out-of-Home Consumption,which includes dining at restaurants and attending events
•Quick Commerce,focused on on-demand delivery of groceries and household goods
•Supply Chain and Distribution,encompassing B2B deliveries, warehousing, logistics, and distribution for wholesalers and retailers
• Platform Innovation,which includes new services like Swiggy Genie and Swiggy Minis
Swiggy's platform also facilitates restaurant reservations (Dineout), event bookings (SteppinOut), product pickups and deliveries (Genie), and other hyperlocal commerce activities (Swiggy Minis and more). Additionally, the company offers a membership program called "Swiggy One," providing discounts and deals, as well as in-app payment options such as "Swiggy Money" (a prepaid digital wallet), "Swiggy UPI" and a Swiggy-HDFC Bank credit card for added benefits.
Swiggy IPO Overview:
- •Issue Size: â¹11,327.43 crores
- • Fresh Issue: 11.54 crore shares (~â¹ 4,499.00 crores)
- •Offer for Sale: 17.51 crore shares (~â¹ 6,828.43 crores)
- •Subscription Dates:
- •Opens: November 6, 2024
- •Closes: November 8, 2024
- •Price Band: ~â¹ 371 to ~â¹ 390 per share
- •Minimum Lot Size: 38 shares
- •Book Running Lead Managers:
- â Kotak Mahindra Capital Company Limited
- â Citigroup Global Markets India Private Limited
- â Jefferies India Private Limited
- â Avendus Capital Pvt Ltd
- â J.P. Morgan India Private Limited
- â Bofa Securities India Limited
- â ICICI Securities Limited
- Registrar: Link Intime India Private Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Swiggy Limited IPO, GMP, Details, Price, And Review
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-11-11 | 390 | 1 (0.26%) | 2024-11-11 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Swiggy Limited IPO, GMP, Details, Price, And Review Details
| Detail | Description |
|---|---|
| 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 |
| Shareholding pre issue | 2,123,066,748 |
| Shareholding post issue | 2,238,425,722 |
Swiggy Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 |
Swiggy Limited IPO, GMP, Details, Price, And Review Lot Size
| 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 |
Swiggy Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| - | - |
Competitive Strength:
- -
Swiggy Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 10,341.24 | 3,310.11 | -611.01 | 7,444.99 | 256.61 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 10,529.42 | 11,634.35 | -2,350.24 | 7,791.46 | 211.19 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 11,280.65 | 8,714.45 | -4,179.31 | 9,056.61 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 14,405.74 | 6,119.78 | -3,628.9 | 12,266.91 | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of Swiggy IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- 1. Investment in the Material Subsidiary, Scootsy, for repayment or prepayment, in full or in part, of certain or all of its borrowings.
- 2. Investment in the Material Subsidiary, Scootsy, for
- (a) Expansion of Dark Store network for Quick Commerce segment through setting up of Dark Stores.
- (b) Making lease/license payments for Dark Stores.
- 3. Investment in technology and cloud infrastructure.
- 4. Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments.
- 5. Funding inorganic growth through unidentified acquisitions and general corporate purposes.
RHP:
DRHP:
Read more :
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- Niva Bupa Health Insurance Company Limited IPO, GMP, Details, Price, And Review
- NeoPolitan Pizza and Foods Limited IPO, GMP, Details, Price, And Review
Frequently asked Questions (FAQs )
-
What is the Swiggy IPO?
Swiggy IPO is a main-board IPO. The company is going to raise ₹11,327.43 Crores via IPO. The issue is priced at ₹371 to ₹390 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Swiggy IPO open for subscription?
The IPO is to open on November 6, 2024 for QIB, NII, and Retail Investors. The IPO will close on November 8, 2024.
-
What is Swiggy IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is Swiggy IPO Issue Size?
Swiggy IPO issue size is ₹11,327.43 crores.
-
What is the Swiggy IPO Allotment Date?
Swiggy IPO allotment date is November 11, 2024.
-
What is the Swiggy IPO Listing Date?
Swiggy IPO listing date is November 13, 2024. The IPO is to be listed on BSE & NSE.
