Discover all about the Swiggy IPO GMP! Stay updated with the latest grey market premium, analysis, and expert insights. Don’t miss out on this investment opportunity!, The Swiggy IPO is a book-built issue amounting to ₹11,327.43 crores. This issue consists of a combination of:
- Fresh issue of 11.54 crore shares, totaling ₹4,499.00 crores
- Offer for sale of 17.51 crore shares, amounting to ₹6,828.43 crores.
The Swiggy IPO will open for subscription on November 6, 2024, and it will close on November 8, 2024. The allotment for the Swiggy IPO is anticipated to be finalized on Monday, November 11, 2024. The Swiggy IPO is set to be listed on the NSE and BSE with a tentative listing date scheduled for Wednesday, November 13, 2024. After reading all the details investor will understand Swiggy IPO (Initial Public Offering) growth potential 2024
Swiggy IPO price band is set at ₹371 to ₹390 per share with a minimum lot size for an application is 38 Shares. The minimum investment amount required for retail investors is ₹14,820. For the sNII category, the minimum lot size investment is 14 lots (equivalent to 532 shares), totaling ₹207,480. In contrast, for the bNII category, the minimum lot size investment is 68 lots (amounting to 2,584 shares), which equals ₹1,007,760.
Includes a reservation the issue is up to 750,000 shares for employees offered at a discount of Rs. 25 to the issue price.
Link Intime India Private Ltd is the registrar for the issue.
Refer to Swiggy IPO RHP , Swiggy IPO DRHP for detailed information.
What is Grey Market Premium ? Swiggy IPO GMP
Grey markets in India have existed as a parallel market for stocks for a long time, and traders and investors verify their authenticity.A grey market stock is one where the company’s shares are offered and bid by traders unofficially. If a company presents its stock by way of traders before the shares are issued in an Initial Public Offering or IPO, it is considered Grey Market Stock. Generally, a small set of individuals runs the grey market stock, and the deals are based on the mutual trust of individuals. The trading done in the grey market stocks in India is legal but unofficial. The trades that have been carried out cannot be settled until the official trading commences.
How gmp works ?, for better understanding see below table: For Example Assume there is two person
| IPO Price | Mr. A buy at | Mr. B sell at | GMP | Listing Price | Profit/ Loss of Mr. A & Mr.B |
| 100 | 100 | 100 | 200 | 200 | Mr. A win +100 but Mr. B Loss-100 |
| 100 | 100 | 100 | 200 | 90 | Mr. A Loss-10 & Mr. B win +10 |
Swiggy IPO Details
| 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 Exchange | BSE, NSE |
| Share holding pre issue | 2,123,066,748 |
| Share holding post issue | 2,238,425,722 |
Reservation of Swiggy IPO
| 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 Important Dates (Tentative Schedule), Swiggy IPO GMP
Swiggy IPO opens on November 6, 2024, and closes on November 8, 2024.
| IPO Open Date | November 6, Wednesday, 2024 |
| IPO Close Date | November 8, Friday, 2024 |
| Basis of Allotment | November 11, Monday, 2024 |
| Initiation of Refunds | November 12, Tuesday, 2024 |
| Credit of Shares to Demat | November 12, Tuesday, 2024 |
| Listing Date | November 13, Wednesday, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2024 |
Swiggy IPO Lot Size
Investors can place bids for a minimum of 38 shares and in multiples of that amount. The table below depicts the minimum and maximum investments for retail investors and HNI (High Net-worth Individuals) in terms of shares and corresponding amounts.
| 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 |
Details of The Swiggy IPO Promoter Holding
The Company does not have an identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act.
| Share Holding Pre Issue | 63.56% |
| Share Holding Post Issue |
About Swiggy Limited
Swiggy Limited Founded in 2014, Swiggy Limited offers its users a user-friendly platform accessible through a single app. This app allows users to search, select, order, and pay for:
۰Food Delivery
۰Grocery and Household Goods (via Instamart)
۰Users can have their orders delivered to their homes through a network of on-demand delivery partners.
۰The company operates through five business units:
۰Food Delivery
۰Out-of-home Consumption: This includes restaurant visits and events.
۰Quick Commerce: Focused on the on-demand delivery of grocery and household items.
۰Supply Chain and Distribution: Involves business-to-business (B2B) deliveries, warehousing, logistics, and distribution for wholesalers and retailers.
۰Platform Innovation: Dedicated to new initiatives and offerings, such as Swiggy Genie and Swiggy Minis.
Swiggy’s platform streamlines restaurant reservations through Dineout and event bookings with SteppinOut. It also facilitates product pickups and deliveries via Genie, alongside various hyperlocal commerce options like Swiggy Minis. To enhance the user experience, the company offers a membership program called Swiggy One, which comes with exclusive discounts and deals. Additionally, users can take advantage of in-app payment solutions, including the digital wallet Swiggy Money, Swiggy UPI, and a Swiggy-HDFC Bank credit card that provides extra benefits.
Swiggy offers restaurant partners, merchant partners (who sell grocery and household items on the Swiggy platform) and brand partners, including alliance partners, comprehensive business enablement solutions such as analytics-driven tools to improve their online presence and user base, fulfillment services to streamline their supply chain and last-mile delivery.
As of June 30, 2024, Swiggy carried a selection of approximately 19,000 SKUs of grocery and household items. These products include (i) everyday convenience purchases such as eggs, bread, fruit, and vegetables, (ii) impulse purchases of snacks and quick meals, (iii) recurring purchases that are typically made on a monthly or weekly basis, such as Household items like shampoo, soap and others, (iv) call-off purchases that are made on an ad hoc basis, such as feminine hygiene, basic pharmaceutical and personal care items and stationery, and (v) occasion and festival-related purchases, which include sweets, festive supplies and team items at sporting events.
As of June 30, 2024, Swiggy’s Instamart operated a large network of 557 Active Dark Stores across 32 cities in India and as of September 10, 2024, Instamart operated a network of 605 Active Dark Stores across 43 cities in India.
As of June 30, 2024, the company employed 5,401 people.
Swiggy Limited Company Financials
Swiggy Limited Financial Information (Restated Consolidated). After reading all the financial details investor will understand Swiggy IPO (Initial Public Offering) growth potential 2024
Swiggy Limited’s revenue increased by 34% and profit after tax (PAT) rose by 44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 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 |
Key Performance Indicator
The market capitalization of Swiggy IPO is Rs 87298.6 Cr.
KPI as of June 30, 2024.
| 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 |
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Objects of the IPO Issue (Swiggy IPO Objectives)
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Investment in the Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings;
- Investment in the Material Subsidiary, Scootsy, for (a) expansion of Dark Store network for Quick Commerce segment through setting up of Dark Stores; and (b) making lease/license payments for Dark Stores;
- Investment in technology and cloud infrastructure;
- Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Swiggy IPO Prospectus
Swiggy Limited Contact 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: secretarial@swiggy.in
Website: https://www.swiggy.com/
Swiggy IPO Registrar
- Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: swiggy.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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