Swiggy IPO GMP, Price, Allotment, Profit Estimate 2024

Swiggy IPO Description – Swiggy is a consumer-focused technology company that provides a convenient platform through a unified app, allowing users to browse, select, order, and pay for food, groceries, and household items. Its core business revolves around operating a B2C (business-to-consumer) marketplace where it aggregates restaurant and merchant partners who list their products, enabling users to discover and purchase them. Swiggy facilitates the fulfillment of these orders through delivery, reservations, payments, and lead generation for its partners.

Swiggy operates across five key business segments: (i) Food Delivery, (ii) Out-of-home Consumption, which includes dining out and events, (iii) Quick Commerce, offering on-demand delivery of groceries and household items, (iv) Supply Chain and Distribution, catering to B2B supplies, warehousing, logistics, and distribution for wholesalers and retailers, and (v) Platform Innovations, covering new initiatives like Swiggy Genie and Swiggy Minis.

In addition to serving consumers, Swiggy provides business enablement solutions to restaurant partners, grocery merchants, and brand partners. These solutions include analytics-driven tools to enhance their online presence and customer base, supply chain fulfillment services, and an extended delivery network. As of 30 June 2024, Swiggy had reached a milestone of 11.27 crore transacting users and employed 5,401 staff members.

Promoters of Swiggy – does not have an identifiable promoter

Swiggy IPO Details

Swiggy IPO Dates	Coming soon
Swiggy Issue Price	Coming soon
Fresh issue	INR 3,750 crore
Offer For Sale	18,52,86,265 shares
Total IPO size	Coming soon
Minimum bid (lot size)	Coming soon
Face Value	INR 1 per share
Retail Allocation	10%
Listing On	NSE, BSE

Swiggy Financial Performance

	FY 2022	FY 2023	FY 2024	Q1 FY 2025
Revenue	5,704.90	8,264.60	11,247.39	3,222.22
Expenses	9,574.45	12,884.40	13,947.38	3,907.96
Net income	(3628.90)	(4,179.30)	(2,350.24)	(611.01)
Margin (%)	(63.61)	(50.57)	(20.90)	(18.96)

Figures in INR Crores unless specified otherwise

Swiggy Offer News

Swiggy Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	(18.62)	(19.33)	(10.70)	(10.70)
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2022	FY 2023	FY 2024
RONW (%)	(29.58)	(46.15)	(30.16)
NAV	–	–	–
EBITDA (%)	(59.78)	(46.41)	(16.52)
Debt/Equity	0.00	0.00	0.03

*Compiled by IPO Central from Prospectus

Swiggy IPO GMP Today (Daily Trend)

Swiggy IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue 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 – INR 137.41 crore
Investment in 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 – INR 982.40

Investment in technology and cloud infrastructure – INR 586.20 crore
Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of the platform across segments – INR 929.50 crore
Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Swiggy IPO Subscription – Live Updates

Coming soon

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

Swiggy – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Swiggy	–	(10.70)	(30.16)	35.48	11,247.39
Zomato	742.50	0.40	1.72	23.14	1,211.40

Swiggy IPO Allotment Status

Swiggy IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Swiggy IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
Swiggy IPO Listing Date	Coming soon
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

Angel One –
Anand Rathi –
Antique Stock Broking –
Ajcon Global –
Arihant Capital –
Axis Capital –
Ashika Research –
BP Wealth –
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities –
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities –
SBI Securities –
SMC Global –
SMIFS –
Systematix Research –
Swastika Investmart –
Ventura Securities –

Swiggy Offer Lead Manager

KOTAK MAHINDRA CAPITAL COMPANY LIMITED
27 BKC, 1st Floor, Plot no. C-27,
‘G’ Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com

Swiggy Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

SWIGGY LIMITED
No. 55, Sy No. 8-14, Ground Floor, I&J Block,
Embassy Tech Village, Outer Ring Road,
Devarbisanahalli, Bengaluru 560 103, Karnataka, India
Phone: 91 95907 56603
Email: [email protected]
Website: www.swiggy.com

Swiggy IPO FAQs

How many shares in Swiggy IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply for Swiggy Public Offer?

The best way to apply for Swiggy public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.