{getButton} $text={IPO Allotment Satus} $icon={link} $color={#125ef66}
{getButton} $text={Upcoming IPO With GMP} $icon={link} $color={#125ef66}
{getButton} $text={Upcoming SME IPO With GMP} $icon={link} $color={#125ef66} {getButton} $text={Open Demat A/c (Dhan)} $icon={link} $color={#125ef66}
{tocify} $title={Table of Contents}
Swiggy IPO: Everything You Need to Know
Swiggy, one of India’s largest food delivery platforms, is all set to make its stock market debut with an initial public offering (IPO) that has grabbed a lot of attention. From the IPO date to the price band, investment requirements, and Swiggy’s financial performance, we’re breaking down everything you need to know about the Swiggy IPO in simple terms.
Swiggy IPO Overview:
- Issue Size: ₹11,327.43 crore
- Fresh Issue: ₹4,499.00 crore (11.54 crore shares)
- Offer for Sale: ₹6,828.43 crore (17.51 crore shares)
Key Dates for Swiggy IPO
If you’re looking to invest, make sure to mark these important dates in your calendar:
- Swiggy IPO Open Date: November 6, 2024
- Swiggy IPO Close Date: November 8, 2024
- Allotment Date: November 11, 2024
- Swiggy IPO Listing Date: November 13, 2024 (on BSE and NSE)
Swiggy IPO Price Band and Lot Size
The price range for the Swiggy IPO has been set, which is the amount you’ll pay per share:
- Price Band: ₹371 to ₹390 per share
- Minimum Lot Size: 38 shares
- Minimum Investment for Retail Investors: ₹14,820
- sNII (Small NII): 14 lots (532 shares), investment of ₹207,480
- bNII (Big NII): 68 lots (2,584 shares), investment of ₹1,007,760
Swiggy IPO Reservation Categories
The Swiggy IPO has different allocations for various types of investors. Here’s the breakdown:
- Qualified Institutional Buyers (QIB): At least 75% of the net issue
- Retail Investors: Not more than 10% of the net issue
- NII (HNI): Not more than 15% of the net issue
Why is Swiggy Going Public? (Swiggy IPO Objectives)
Swiggy aims to use the funds raised from the IPO to support its growth plans. Here’s how Swiggy plans to allocate the money:
- Repaying or Pre-paying Debt: Funds will be directed towards reducing the debt of Scootsy, Swiggy's material subsidiary.
- Expanding Quick Commerce (Dark Stores): Swiggy will expand its quick delivery services by increasing its dark store network.
- Investing in Technology: Part of the funds will enhance Swiggy’s technology and cloud infrastructure.
- Brand Marketing: Funds will support Swiggy's marketing efforts to strengthen its brand and visibility.
- Acquisitions and General Corporate Purposes: Swiggy also plans to fund acquisitions to fuel inorganic growth and for other corporate needs.
Swiggy Financial Performance
Swiggy has shown substantial growth in recent years. The company’s revenue increased by 34%, and profit after tax (PAT) improved by 44% from the financial year ending March 31, 2023, to March 31, 2024.
Here’s a quick look at Swiggy’s financials:
| Period Ended | Revenue (₹ Crore) | Profit After Tax (₹ Crore) |
|---|---|---|
| 30 June 2024 | 3,310.11 | -611.01 |
| 31 March 2024 | 11,634.35 | -2,350.24 |
| 31 March 2023 | 8,714.45 | -4,179.31 |
| 31 March 2022 | 6,119.78 | -3,628.9 |
While Swiggy is still recording losses, the trend shows improvement, indicating that Swiggy is moving towards profitability.
How to Apply for the Swiggy IPO?
Why Invest in Swiggy IPO?
FAQs about Swiggy IPO
2. What is the Swiggy IPO price band?
3. What is the minimum investment for retail investors?
4. How will Swiggy use the IPO funds?
5. When will Swiggy shares be listed?
6. Is investing in Swiggy IPO a good idea?
Final Thoughts
How to Apply for the Swiggy IPO?
- Open a Demat Account: You need a Demat account to apply for any IPO. If you don’t have one, open a Demat account with a reliable stockbroker.
- Decide on Your Investment Amount: Depending on your budget, decide how many lots you want to buy. Remember that retail investors need a minimum investment of ₹14,820 for one lot.
- Apply Swiggy IPO: You can place a bid within the Swiggy IPO price band, which is ₹371 to ₹390.
- Submit Your Application: Complete your application through your stockbroker's platform or an online trading app.
- Wait for Allotment: The allotment date is November 11, 2024. You’ll be informed if you have received Swiggy shares.
Why Invest in Swiggy IPO?
Swiggy is one of the leading companies in India’s food delivery and quick commerce sector. Here are a few reasons why you might consider investing in Swiggy’s IPO:
- High Growth Potential: With a large customer base and expanding quick commerce services, Swiggy is in a strong position to capitalize on India’s growing digital economy.
- Strong Brand: Swiggy’s brand is well-known across India, making it a trusted name for food delivery.
- Technological Advancements: Swiggy’s investment in technology and cloud infrastructure could enhance its service efficiency and customer experience.
- Diverse Revenue Streams: Besides food delivery, Swiggy’s quick commerce and other initiatives could provide diverse income sources, strengthening its financial stability in the long term.
FAQs about Swiggy IPO
1. When will Swiggy IPO open for subscription?
The Swiggy IPO will open on November 6, 2024, and close on November 8, 2024.
2. What is the Swiggy IPO price band?
The price band for Swiggy IPO is set at ₹371 to ₹390 per share.
3. What is the minimum investment for retail investors?
Retail investors need to invest at least ₹14,820 for one lot of 38 shares.
4. How will Swiggy use the IPO funds?
Swiggy will use the funds for debt repayment, expanding its dark store network, investing in technology, brand marketing, acquisitions, and other corporate purposes.
5. When will Swiggy shares be listed?
Swiggy shares are expected to list on November 13, 2024, on both the BSE and NSE.
6. Is investing in Swiggy IPO a good idea?
Swiggy has strong growth potential, but it is still incurring losses. Consider your risk tolerance and investment goals before investing.
Final Thoughts
Swiggy’s IPO is generating a lot of excitement as it represents a rare opportunity to invest in one of India’s top digital brands. Whether you’re a retail investor or an HNI, this IPO provides a chance to be part of Swiggy’s growth journey. But, as with any investment, analyze your financial goals and risk appetite before making a decision.
Stay updated with the latest Swiggy IPO news and developments to make an informed choice. If you’re interested in more IPOs, check out our other articles on upcoming IPOs and investing tips.
Happy investing!