Swiggy’s initial public offering (IPO) is set to open on Wednesday, November 6, 2024, with shares priced between ₹371-390 per share.
Investors must apply for a minimum of 38 shares and multiples of that. The IPO, which closes on Friday, November 8, aims to raise ₹11,327.43 crore. This includes a fresh issuance of ₹4,499 crore and an offer-for-sale (OFS) of 17.5 crore shares worth ₹6,828.43 crore from existing shareholders. 10% of shares are reserved for retail investors, and 7.5 lakh shares are earmarked for Swiggy employees. Listing is scheduled on both BSE and NSE on November 13, with allotments confirmed by November 12.
Founded in 2014, Swiggy has grown into a well-known name in the food-tech industry. The company’s platform allows users to easily search, order, and pay for food, groceries, and household items, all through a single app. These orders are fulfilled by Swiggy’s extensive network of on-demand delivery partners. The company has a reputation for innovation in the hyperlocal commerce space, and it uses this network to test new services and gauge demand.
Swiggy IPO GMP, a measure of anticipated demand in the unofficial market, currently stands at ₹15 per share, indicating a 4% premium over the IPO’s upper price limit.
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets (in ₹ crore) | 10,341.24 | 10,529.42 | 11,280.65 | 14,405.74 |
Revenue (in ₹ crore) | 3,310.11 | 11,634.35 | 8,714.45 | 6,119.78 |
Profit After Tax (in ₹ crore) | -611.01 | -2,350.24 | -4,179.31 | -3,628.90 |
Net Worth (in ₹ crore) | 7,444.99 | 7,791.46 | 9,056.61 | 12,266.91 |
Reserves and Surplus (in ₹ crore) | -7,750.85 | -7,880.85 | -6,510.34 | -3,311.10 |
Total Borrowing (in ₹ crore) | 256.61 | 211.19 |
Pre IPO | Post IPO | |
EPS (Rs) | -11.07 | -10.92 |
P/E (x) | -35.23 | -35.72 |
Note:
The funds raised from Swiggy’s IPO will be used for the following purposes-
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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