Swiggy IPO Share Price, Date, GMP, Review, Allotment Details

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Table Of Contents

Swiggy IPO Details
Swiggy IPO Market Lot
Swiggy IPO Dates
Swiggy’s Financial Snapshot
Comparison Between Swiggy and Zomato
Swiggy IPO Grey Market Premium (GMP)
Swiggy’s Promoter Holding and Key Investors
Swiggy’s Unlisted Share Price
Frequently Asked Questions (FAQs)
Conclusion

Swiggy, one of India’s leading food delivery platforms, is set to launch its Initial Public Offering (IPO) in 2024. Established in 2014 in Bangalore, Swiggy has grown from a small operation covering a few cities to a nationwide service available in over 580 cities across India. With its anticipated IPO, investors are keen to know about Swiggy’s share price, important dates, Grey Market Premium (GMP), and other financial details. Here’s a detailed look at all aspects of the Swiggy IPO to help potential investors make informed decisions.

Swiggy IPO Details

Swiggy’s IPO is expected to be one of the major tech offerings in India, with an issue size estimated at approximately ₹10,400 crore. The IPO will include a fresh issue component of ₹3,750 crore, with additional shares offered for sale by existing investors. Here’s a breakdown of the expected IPO structure:

IPO Open Date	2024
IPO Close Date	2024
Face Value	₹1 per equity share
IPO Price Band	To be announced
Issue Size	Approximately ₹10,400 crore
Fresh Issue	Around ₹3,750 crore
Offer for Sale (OFS)	185,286,265 equity shares
Listing	Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Swiggy IPO Market Lot

For investors interested in the Swiggy IPO, here are the anticipated lot sizes:

Retail Minimum Application	1 lot
Retail Maximum Application	13 lots
S-HNI Minimum Application	14 lots
B-HNI Minimum Application	68 lots

Swiggy IPO Dates

Although Swiggy’s IPO is confirmed for 2024, specific dates are yet to be announced. However, the company aims to list on the stock exchange within the same year. Here is an overview of the tentative dates:

IPO Open Date	2024
IPO Close Date	2024
Basis of Allotment	2024
Refunds	2024
Credit to Demat Account	2024
IPO Listing Date	2024

Swiggy’s Financial Snapshot

Swiggy has experienced significant revenue growth but remains in a loss-making phase, as the company is reinvesting heavily in its operations. Below is a summary of Swiggy’s financials over the past two years:

Fiscal Year	Net Loss (₹ Crore)	Operating Revenue (₹ Crore)
FY22	3,628.89	5,704.89
FY23	4,179.30	8,264.59
Current Year	2,350.24	11,247.39

Comparison Between Swiggy and Zomato

In the competitive world of food delivery, Swiggy and Zomato are the two primary players in India. Here’s a quick comparison between the two:

Food Delivery Competition: Competing closely
Grocery Delivery: Lagging behind
Net Profit (FY24): Not disclosed
Profitability (Q1 FY25): Not disclosed
Total Revenue (FY24): Not disclosed
Revenue from Food Delivery: Not disclosed
Revenue from Grocery: Not disclosed

Swiggy IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Swiggy’s IPO, though yet to be disclosed, is expected to attract interest given the brand’s visibility and growth potential. GMP reflects investor sentiment before the actual listing and can provide insights into market expectations for Swiggy’s share price performance upon listing.

Swiggy’s Promoter Holding and Key Investors

Swiggy’s leadership team includes notable names like Sriharsha Majety, who holds approximately 6.23% of the company, and Lakshmi Nandan Reddy Obul, with around 1.62%. Additionally, several prominent firms are expected to reduce their stake during the IPO, including Elevation Capital V, Tencent Cloud Europe B.V., Accel India IV, and DST EuroAsia.

Swiggy’s Unlisted Share Price

Currently, Swiggy’s unlisted shares are valued at ₹510, with a market cap of approximately ₹1,08,276 crore. Here are some relevant financial metrics for Swiggy’s unlisted shares:

Current Price	₹510
Lot Size	100 shares
52-Week High	₹550
EPS	-11.07
P/B Ratio	13.9

Frequently Asked Questions (FAQs)

When is Swiggy’s IPO expected?

Swiggy’s IPO is expected to open in 2024, though specific dates have not yet been announced.

What is the estimated IPO price band for Swiggy?

The price band has not yet been disclosed, but it will likely be announced closer to the IPO date.

How does Swiggy’s financial performance compare with Zomato?

Swiggy has demonstrated strong revenue growth, though it remains in a loss-making phase, while Zomato has recently turned profitable.

Can retail investors participate in the Swiggy IPO?

Yes, Swiggy’s IPO will be open to retail investors with a minimum application of one lot.

What is the GMP for Swiggy’s IPO?

As of now, the GMP is not available. However, it’s expected to become public closer to the listing date, reflecting pre-listing market expectations.

Conclusion

Swiggy’s IPO has garnered significant attention, reflecting the company’s rapid growth and potential for further market expansion. Investors looking to diversify into tech-driven consumer services might find Swiggy’s IPO an attractive opportunity. However, it’s important to consider both Swiggy’s growth trajectory and the challenges it faces in becoming profitable. As the company aims for a successful IPO listing in 2024, its financial performance in the coming quarters will be crucial in determining its appeal in the stock market.

Disclaimer: This blog is for educational purposes only and should not be considered as financial advice. Always consult with a SEBI-registered advisor before making any investment decisions.