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20 Nov 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.
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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
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 |
|---|---|---|---|
| 11-11-2024 | 390 | 1 (0.26%) | 11-Nov-2024 14:50 |
| 09-11-2024 | 390 | 1 (0.26%) | 09-Nov-2024 12:22 |
| 08-11-2024 | 390 | 1 (0.26%) | 08-Nov-2024 12:40 |
| 07-11-2024 | 390 | 6 (1.54%) | 07-Nov-2024 12:20 |
| 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:
FAQs for Swiggy IPO
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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.
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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.
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What is Swiggy IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
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What is Swiggy IPO Issue Size?
Swiggy IPO issue size is ₹11,327.43 crores.
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What is the Swiggy IPO Price Band?
Swiggy IPO Price Band is ₹371 to ₹390.
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What is Swiggy IPO Lot Size?
The minimum bid is 38 Shares with ₹14,820.
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What is the Swiggy IPO Allotment Date?
Swiggy IPO allotment date is November 11, 2024.
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What is the Swiggy IPO Listing Date?
Swiggy IPO listing date is November 13, 2024. The IPO is to be listed on BSE & NSE.
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What is Swiggy's current GMP?
The current GMP of the Swiggy is 1 (0.26%).
RHP:
RHP of Swiggy Limited IPO
DRHP:
DRHP of Swiggy Limited IPO
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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.
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What is Swiggy IPO Lot Size?
The minimum bid is 38 Shares with ₹14,820.
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What is the Swiggy IPO Allotment Date?
Swiggy IPO allotment date is November 11, 2024.
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What is the Swiggy IPO Listing Date?
Swiggy IPO listing date is November 13, 2024. The IPO is to be listed on BSE & NSE.
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What is Swiggy's current GMP?
The current GMP of the Swiggy is 1 (0.26%).
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