Swiggy IPO Details
| IPO Size | ₹11,327.43 Cr |
| Price Range | ₹371 - ₹390 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 38 |
| Investment (cut-off price) | ₹14820 |
| Pre IPO Promotor Holding | 63.56% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Swiggy IPO Timelines
06/11/2024
Start Date08/11/2024
End Date12/11/2024
Refund Initiation12/11/2024
Credit of Shares to Demat Ac13/11/2024
Listing DateSwiggy IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 38 | ₹14,820 |
| Retail Maximum | 13 | 494 | ₹1,92,660 |
| S-HNI Minimum | 14 | 532 | ₹2,07,480 |
| B-HNI Minimum | 68 | 2584 | ₹10,07,760 |
Swiggy IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 6.02x | 0.41x | 1.14x | 1.65x | 3.59x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹420 | ₹456 | ₹465.80 | ₹391 |
Swiggy IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹6,119.78 | ₹9,574.45 | ₹3,628.90 |
| FY 2023 | ₹8,714.45 | ₹12,884.40 | ₹4,179.31 |
| FY 2024 | ₹11,634.35 | ₹13,947.38 | ₹2,350.24 |
| FY 2025 (3 M) | ₹3,310.11 | ₹3,907.96 | ₹611.01 |
About Company
Swiggy Limited, founded in 2012, is India’s only pure-play B2C e-commerce logistics provider, offering a comprehensive logistics network across the country. The company specializes in first-mile pick-up, mid-mile transportation, last-mile delivery, reverse logistics, and fulfillment services, connecting digital retailers to consumers. Swiggy covers over 27,000 PIN codes, reaching 97% of India’s population with a focus on Tier 2+ regions. Since its inception, Swiggy has handled over 2 billion shipments and has experienced significant growth, with an annual shipment increase of 33.46% from FY2020 to FY2024.
Utilizing a technology-driven and asset-light business model, Swiggy operates 317 leased facilities and 3,421 delivery centers, primarily relying on a gig workforce for deliveries. This model has allowed them to reduce their cost per shipment to ₹39.65 in FY2024. As of March 2023, Swiggy employed over 48,000 individuals and served 6,384 active customers. The company also offers tailored logistics solutions such as same-day deliveries and quick commerce warehousing while maintaining strong relationships with major clients like Amazon and Nykaa through its robust technology infrastructure.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2014 | E-Retail/ E-Commerce | Sriharsha Majety |
Know Before Investing
Swiggy IPO Strengths
- Pioneers in high-frequency hyperlocal commerce since 2014 and 2020.
- Innovation-led culture driving new offerings across multiple services.
- Efficient scaling with 557 Active Dark Stores in 32 cities.
- The unified app integrates food delivery, quick commerce, and more.
- Strong partnerships, with 223,671 restaurant partners as of June 2024.
- Technology stack built for scalability, ensuring fast service delivery.
Swiggy IPO Risks
- Net losses and negative cash flows since incorporation in 2014.
- Revenue growth may slow due to intense competition and costs.
- High advertising expenses, 16.46% of revenue in FY2024.
- The inability to retain 457,249 delivery partners impacts operational efficiency.
- Strikes and delivery partner disputes affect service continuity and costs.
- Failure to manage 557 active dark stores may increase costs.
Swot Analysis for Swiggy IPO
Strengths
Widespread ondemand hyperlocal delivery network, Strong Brand Recall
Weaknesses
Profitability Concerns
Opportunities
Strengthening the business offering with new products and technologies
Threats
Intense Competition
Company Details
Swiggy Limited
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: [email protected]
Website: https://www.swiggy.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Swiggy IPO are:
- Funds will repay Scootsy’s borrowings, improving financial stability.
- Investment will expand the Dark Store network for quicker service in Quick Commerce.
- Allocations include enhancing technology and cloud infrastructure for operational efficiency.
- Marketing efforts will increase brand visibility across various market segments.
- Remaining proceeds will be used for general corporate purposes.
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 are the book-running lead managers for the Swiggy IPO.