Swiggy Ltd
Price Range
₹371 - ₹390
Min. Quantity
38
Closes on
8 November 2024
Min. investment
₹14,820/494 Shares
Swiggy Ltd IPO Timeline
Swiggy Limited was incorporated as Bundl Technologies Private Limited' as a Private Limited Company, dated December 26, 2013, issued by the Registrar of Companies, Andhra Pradesh at Hyderabad. Company changed the name to 'Swiggy Private Limited' to which a fresh Certificate of Incorporation dated April 1, 2024 was issued by the RoC, CPC. The Company got converted into a Public Limited Company and the name was changed to Swiggy Limited'. A fresh Certificate of Incorporation dated April 10, 2024 was accordingly issued by the RoC, CPC.
| Event | Date |
|---|---|
| Swiggy Ltd IPO Opening Date | 6 November 2024 |
| Swiggy Ltd IPO Closing Date | 8 November 2024 |
| Basis of Allotment | 11 November 2024 |
| Initiation of Refunds | 12 November 2024 |
| Credit of Shares to Demat | 12 November 2024 |
| Swiggy Ltd IPO Listing Date | 13 November 2024 |
Swiggy Ltd IPO Details
| Swiggy Ltd IPO Date | 6 November 2024 to 8 November 2024 |
| Swiggy Ltd IPO Face Value | ₹1 per share |
| Swiggy Ltd IPO Price | ₹371 to ₹390 per share |
| Swiggy Ltd IPO Lot Size | 38 |
| Issue Size | Shares of ₹1 (aggregating up to ₹11,327.4 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹4499 Cr) |
| Offer for Sale | Shares of ₹1 (aggregating up to ₹6,828.43 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 8,69,23,475 of the Net Offer |
| Retail Shares Offered | Not less than 2,89,74,491 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 4,34,61,737 of the Net Offer |
| Company Promoters |
Swiggy Ltd IPO Lot Size
The Swiggy Ltd IPO lot size is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or ₹1,92,660).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 38 | ₹14,820 |
| Maximum | 13 | 494 | ₹1,92,660 |
- Strengths
- Risks
- Opportunities
- Pioneers of high-frequency hyperlocal commerce categories driven by an innovation-led culture.
- A consistently growing network of users.
- Rising user engagement on its platform.
- "Swiggy" brand delivered through a unified app with consistent user experience.
- A preferred choice for restaurant partners, merchant partners, brand partners and delivery partners.
- Its platform has created strong network effects driven by its wide user and partner base.
- An experienced professional management team and high standards of governance.
Company Financials
Swiggy Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 10,804.62 | 7,016.59 | -1888.03 |
| 03-2023 | 11,477.64 | 5,361.35 | -3757.56 |
| 03-2022 | 14,205.7 | 4,046.2 | -3768.10 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in its Material subsidiary scootsy for repayment or pre payment in full or in part of certain or all of its borrowings
- Expansion of its Dark Store network for its quick commerce segment through dark stores
- Making lease licence payments for dark stroes
- Investment in technology and cloud infrastructure
- Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform across its segments
- General corporate purposes
Swiggy Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Swiggy Ltd IPO Subscription Status (Bidding Detail)
The Swiggy Ltd IPO is subscribed 3.59 times on 8 November 2024 05:00:00 PM. The public issue subscribed 1.14 times in the retail category, 6.02 times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 6.02 | 0.41 | 1.14 | 1.65 | 3.59 |
Swiggy Ltd IPO Prospectus
Swiggy Ltd IPO Listing Date
| Listing Date | 13 November 2024 |
| BSE Script | 544285 |
| NSE Symbol | SWIGGY |
| Listing In | BSE, NSE |
| ISIN | INE00H001014 |
| IPO Price | ₹390 |
| Face Value | ₹1 |
Company Contact Information
55 Sy.#8-14 Grnd Flr I&J BlockEmbassy Tech (V) ORR Devarbis,Bangalore-560103
Phone: +91 95907 56603
Email: secretarial@swiggy.in
Website: www.swiggy.com
Swiggy Ltd IPO Registrar
Swiggy Ltd IPO Lead Manager(s)
- Kotak Mahindra Capital Company Ltd
- J.P.Morgan India Pvt Ltd
- Citigroup Global Markets India Pvt Ltd
- BofA Securities India Ltd
- Jefferies India Pvt Ltd
- ICICI Securities Ltd
- Avendus Capital Pvt Ltd
FAQ
What is the issue size of Swiggy Ltd IPO?
I have pre-applied for Swiggy Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.