Swiggy IPO: An Overview of the Upcoming Public Offering

The much-anticipated Swiggy IPO is set to make waves in the stock market, with a massive issue size of ₹11,327.43 crores. This IPO comprises a fresh issue of 11.54 crore shares, amounting to ₹4,499 crores, alongside an offer for sale of 17.51 crore shares, aggregating to ₹6,828.43 crores. Let’s delve into the key details and insights surrounding this significant market event.

Swiggy IPO Subscription Timeline

The Swiggy IPO will open for public subscription on November 6, 2024, and will close on November 8, 2024. Investors can expect the allotment results to be finalized by Monday, November 11, 2024. Following the allotment, the shares are scheduled to be listed on both BSE and NSE on November 13, 2024.

Key Dates

• IPO Open Date: November 6, 2024
• IPO Close Date: November 8, 2024
• Allotment Date: November 11, 2024
• Listing Date: November 13, 2024

Swiggy IPO Pricing Details

Investors can apply for the Swiggy IPO within a price band of ₹371 to ₹390 per share. The minimum lot size for application is set at 38 shares, translating to a minimum investment of ₹14,820 for retail investors. For small non-institutional investors (sNII), the minimum lot size is 14 lots (532 shares), totaling ₹207,480, while the big non-institutional investors (bNII) will require a substantial investment of ₹1,007,760 for 68 lots (2,584 shares).

Moreover, the IPO offers a special employee discount of ₹25 per share for up to 750,000 shares reserved for employees.

Swiggy IPO Key Highlights

Feature	Details
Issue Type	Book Built Issue IPO
Face Value	₹1 per share
Total Issue Size	290,446,837 shares
Fresh Issue	115,358,974 shares
Offer for Sale	175,087,863 shares
Employee Discount	₹25 per share
Listing At	BSE, NSE

Company Overview: About Swiggy Limited

Founded in 2014, Swiggy Limited has revolutionized the food delivery landscape in India. The platform provides users with a seamless experience to order food, groceries, and household items via its app. Swiggy’s business model encompasses multiple units, including:

• Food Delivery: Efficient delivery of meals from a wide range of restaurants.
• Quick Commerce: Rapid delivery of grocery and household items.
• B2B Supply Chain: Logistics and distribution services for retailers and wholesalers.
• Innovative Platforms: Services like Swiggy Genie for product pickups and Dineout for restaurant reservations.

As of June 30, 2024, Swiggy’s Instamart operates 605 Active Dark Stores across 43 cities, demonstrating significant expansion in the quick commerce segment.

Financial Performance: Swiggy’s Growth Trajectory

Swiggy Limited has shown impressive growth, with a 34% increase in revenue and a 44% rise in profit after tax (PAT) from the fiscal year ending March 31, 2023, to March 31, 2024. Here’s a snapshot of Swiggy's financials:

Period Ended	Revenue (₹ Cr)	Profit After Tax (₹ Cr)	Assets (₹ Cr)
June 30, 2024	3,310.11	-611.01	10,341.24
March 31, 2024	11,634.35	-2,350.24	10,529.42
March 31, 2023	8,714.45	-4,179.31	11,280.65
March 31, 2022	6,119.78	-3,628.90	14,405.74

The figures reflect Swiggy's strategic investments in technology, logistics, and brand visibility to enhance operational efficiency and market reach.

Objectives of the Swiggy IPO

The proceeds from the Swiggy IPO will be allocated towards several key initiatives:

• Expansion of Dark Store Network: Investment in Scootsy for the establishment of new dark stores.
• Technology and Cloud Infrastructure: Enhancing technological capabilities to support growing demands.
• Brand Marketing: Increasing brand awareness through strategic marketing initiatives.
• Inorganic Growth: Funding potential acquisitions to further bolster the business.

Conclusion: Why Invest in Swiggy IPO?

The Swiggy IPO presents a compelling investment opportunity for those looking to capitalize on the growing food delivery and quick commerce sectors in India. With a robust business model, proven financial performance, and clear growth objectives, Swiggy is poised to continue its upward trajectory.

As we approach the opening date of the IPO, potential investors should consider the broader implications of investing in a company that not only leads in the food delivery space but is also expanding its offerings to meet consumer demands in a rapidly evolving market.

Make sure to mark your calendars for the Swiggy IPO subscription dates and prepare to seize the opportunity to be part of this iconic brand's journey!

Swiggy Limited

Address:
No. 55, Sy No. 8-14, Ground Floor, I&J Block,
Embassy Tech Village, Outer Ring Road,
Devarbisanahalli, Bengaluru - 560 103

Phone: +91 95907 56603
Email: secretarial@swiggy.in
Website: swiggy.com

Swiggy IPO Registrar

Registrar: Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: swiggy.ipo@linkintime.co.in
Website: linkintime.co.in

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