Swiggy IPO: IPO Price, Details, GMP

Admin
04 November 2024

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.

● 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

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

GMP Date	IPO Price	GMP	Last Updated
05-11-2024	390	8 (2.05%)	05-Nov-2024 13:40

**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 IPO Overview

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 IPO Timeline (Tentative Schedule)

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 IPO 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 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

Swiggy IPO Promoter Holding

Share Holding Pre Issue	63.56%
Share Holding Post Issue

Swiggy Limited Financial Information

Period Ended	30 June 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

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.

FAQs for Swiggy IPO

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 Price Band?

Swiggy IPO Price Band is ₹371 to ₹390.
What is Swiggy IPO Lot Size?

The minimum bid is 38 Shares with ₹14,820.
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.
What is Swiggy's current GMP?

The current GMP of the Swiggy is 8 (2.05%).