Swiggy Limited IPO, GMP, Details, Price, And Review IPO 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 | 29,04,46,837 shares (aggregating up to ₹ 11,327.43 Cr) |
| Fresh Issue | 11,53,58,974 shares (aggregating up to ₹ 4,499.00 Cr) |
| Offer for Sale | 17,50,87,863 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 | 2,12,30,66,748 |
| Shareholding post issue | 2,23,84,25,722 |
About 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: ₹11,327.43 crores
- • Fresh Issue: 11.54 crore shares (~₹ 4,499.00 crores)
- •Offer for Sale: 17.51 crore shares (~₹ 6,828.43 crores)
- •Subscription Dates:
- •Opens: November 6, 2024
- •Closes: November 8, 2024
- •Price Band: ~₹ 371 to ~₹ 390 per share
- •Minimum Lot Size: 38 shares
- •Book Running Lead Managers:
- ○ 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
- ○ ICICI Securities Limited
- Registrar: Link Intime India Private Ltd
Swiggy IPO Reservation
| 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 |
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.
Swiggy Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
3,310.11
₹ Crore
Profit After Tax
-611.01
₹ Crore
Net Worth
7,444.99
₹ Crore
Total Borrowing
256.61
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹390 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹10 and a lot size of 38 shares.
Swiggy Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-11-11 | ₹390 | ₹1 (0.26%) | 2024-11-11 |
Swiggy Limited IPO, GMP, Details, Price, And Review 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 |
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Competitive Strengths
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Swiggy Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |