Swiggy IPO Details
Swiggy IPO will open on 6 November 2024 and close on 8 November 2024. The price range for Swiggy IPO is ₹371-₹390 per share, with a lot size of 38 shares. The minimum investment required is ₹14,098 for one lot at the lower end of the price range and up to ₹14,820 at the upper end.
Swiggy IPO issue size is ₹11,327.43 Cr. Regular retail investors can invest up to ₹2,00,000, and high-net-worth individuals (HNIs) can invest up to ₹5,00,000 in Swiggy IPO. The allotment date is expected shortly after the closing date, and the shares are likely to be listed on NSE and BSE soon after allotment.
Swiggy IPO GMP
As of, 05 November 2024, the grey market premium (GMP) for Swiggy IPO is ₹15-₹20. The GMP may fluctuate based on market conditions.
Swiggy IPO Price Range
The price range for Swiggy IPO is ₹371-₹390 per equity share.
Swiggy IPO Issue Size
The total issue size for the Swiggy IPO is ₹11,327.43 Cr.
Swiggy IPO Allotment and Listing Date
The allotment of Swiggy shares will occur shortly after 8 November 2024. The shares are expected to be listed on NSE and BSE soon thereafter.
Swiggy IPO Expected Return on Listing Day
The expected return on Swiggy Limited IPO listing day is around 4%-5%, with a predicted share price of ₹386-₹409. Swiggy IPO may have a negative listing
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Swiggy IPO Financials
- Revenue: Swiggy’s revenue increased from ₹5,705 Cr in 2022 to ₹8,265 Cr in 2023 and further to ₹11,247 Cr in 2024.
- Profit: Swiggy reported a net loss of ₹3,629 Cr in 2022, which increased to a loss of ₹4,179 Cr in 2023. However, the loss reduced to ₹2,350 Cr in 2024.
- Assets: Swiggy’s total assets decreased over the years, starting from ₹14,406 Cr in 2022, dropping to ₹11,281 Cr in 2023, and further to ₹10,529 Cr in 2024.
About Swiggy IPO
Swiggy was founded in 2014 and is based in Bengaluru India – Swiggy is a leading online food delivery company operating an on-demand grocery app. In the years that have followed, Swiggy broadened its service offering with Swiggy Genie as a unit for hyperlocal deliveries and Instamart for grocery needs. Swiggy is a leading food tech firm operating in India which has line backing by Accel, Tencent, and Alpha Wave Ventures. Upon listing the IPO, the company’s plan is to improve its technological base, equally fund brand promotion and consider other strategic growth initiatives.
FAQ’s
What are the Swiggy IPO dates?
The IPO is open from November 6 to November 8, 2024.
What is the price range of the IPO?
The price band is set between ₹371 and ₹390 per share.
How much is Swiggy aiming to raise?
Swiggy aims to raise approximately ₹11,327 crore.
Who are the key investors?
Swiggy’s major backers include Accel, Tencent, and Alpha Wave Ventures.