Swiggy Ltd. IPO

Swiggy IPO Details

The details about the Swiggy IPO are as follows:

• The issue size of the IPO is 11327.43 Cr.
• The price band for Swiggy IPO is Rs 371 to Rs 390.
• The shares of Swiggy IPO will list on 13th November 2024.
• The latest tentative GMP of Swiggy IPO is Rs 2.
• The shares of Swiggy IPO are subscribed 3.59 Times.
• Swiggy IPO listing gain is 7.69%.

Swiggy IPO Valuation

The approx valuation of Swiggy IPO based on its price band and DRHP (prospectus) is:

Swiggy IPO Issue Size

Swiggy IPO issue size is 11327.43 Cr.

Swiggy IPO Market Lot

An individual can apply for a minimum of 1 lot of 38 shares and a maximum of 13 lots of 494 shares. Find the details below:

Swiggy IPO Share Offer

The shares of Swiggy IPO are subscribed 3.59 Times. The category-wise shares offered are as follows:

Swiggy IPO GMP (Grey Market Premium)

Swiggy IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

Swiggy IPO: A Comprehensive Overview

Swiggy, the leading food delivery platform in India, has filed for an initial public offering (IPO) expected to be one of the most significant listings of 2024. Below is a detailed report covering all key information regarding Swiggy's IPO.

1. Key IPO Details of Swiggy

• IPO Size: Rs 11,327.43 crore
   
• Offer for Sale (OFS): 17.50 crore shares worth Rs 6828.43 crore by existing shareholders
   
• Fresh Issue: Rs 4499 crore
   
• Major Shareholders Participating in OFS:
  • Accel India
  • Tencent Europe
  • Prosus
  • Elevation Capital
  • DST EuroAsia
  • Inspired Elite Investments
  • Coatue PE Asia
  • Norwest Venture Partners
     
• Non-Participating Investor: SoftBank will not be selling its shares in the IPO.
   
• Valuation: Estimated around Rs 87296 Cr..
   
• Listing Timeline: Swiggy IPO to list on 13 November 2024.
   
• Stock Exchanges: Expected to list on NSE and BSE.

2. Use of Swiggy IPO Proceeds

Swiggy plans to use the funds raised from its IPO for several strategic purposes:

• Dark Store Expansion (Instamart)

  • Rs 982 crore (26.2%) will be invested in expanding its dark store network, currently at 581 stores.
  • This will support the growth of Swiggy's quick-commerce vertical, Instamart.
     

• Branding and Promotional Activities

  • Rs 929 crore (24.8%) will be allocated to enhancing digital marketing efforts.
  • This will include investments in brand building and promotional campaigns.
     

• Technology and Infrastructure

  • Funds will be used to upgrade technology platforms and cloud infrastructure.
  • Potential acquisitions may also be explored using this allocation.
     

• Debt Repayment

  • A portion of the proceeds will be directed toward repaying existing debt.

3. Market Competitiveness

Swiggy faces stiff competition from Zomato in food delivery and from BlinkIt and Zepto in the quick-commerce segment. Here’s how Swiggy compares:

• BlinkIt (Quick Commerce):
  • Revenue: Rs 2,301 crore
  • Holds 60-65% of the quick-commerce market, more than Swiggy's Instamart.
     
• Zepto:
  • Has a significant share in the quick-commerce market.
     
• Zomato (Food Delivery):
  • Competes directly with Swiggy, with both platforms dominating food delivery in India.

4. Swiggy IPO Lead Bankers

Swiggy has appointed top-tier investment banks to manage its IPO, including:

• Kotak Mahindra Capital
• Citigroup Global Markets
• J.P. Morgan India
• BofA Securities
• Jefferies India Private Ltd.
• ICICI Securities Ltd.
• Avendus Capital

5. Growth Strategies Post-IPO

Post-IPO, Swiggy aims to focus on several growth strategies to enhance its profitability and market position:

• Increase Average Order Value: A key focus area to boost overall revenue.
   
• Leverage Advertising Revenue: Utilizing ads on its platform to drive additional income streams.
   
• Expansion of Quick Commerce (Instamart): Aiming to outpace competitors like BlinkIt and Zepto by expanding its dark store network to improve delivery speed and efficiency.
   
• Branding and Marketing: Enhanced promotional activities to attract a broader consumer base.
   
• Technology Investments: Further investment in upgrading technology platforms to ensure long-term scalability.

The Swiggy IPO represents a major milestone in India's food tech industry. As Swiggy looks to strengthen its quick-commerce arm, Instamart, and maintain its leadership in the food delivery market, the IPO will provide the necessary capital to drive growth. Despite operating at a loss, Swiggy's growth trajectory and ambitious expansion plans make this IPO an attractive opportunity for investors and a significant event in the food-tech industry.

Swiggy IPO Date

Find below the dates for Swiggy IPO: