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Swiggy Limited IPO

Swiggy Limited IPO

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Listed Price: ₹ 420.00 (+7.69%)

Swiggy Limited's achieved publicly listed status following its IPO debut on 13-11-2024 at the NSE, BSE platform. The offering successfully mobilized 29,04,68,426 Shares, with 11,53,80,563 Shares allocated to corporate growth initiatives and ₹6827.92 Cr providing liquidity to existing shareholders.

Investment participation occurred within the established price band of ₹371 to ₹390, starting from minimum lots of 38 shares. The subscription window from 06-11-2024 through 08-11-2024 enabled investor participation across market segments.

Share allocation was completed on 11-11-2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Swiggy Limited IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Swiggy Limited IPO Key Performance Indicator
Company Financials ( in Crore )

Swiggy Limited IPO About Company

Incorporated in 2014, Swiggy Limited is a leading multi-category consumer platform in India offering food delivery, grocery delivery through Instamart, hyperlocal services like Genie and Minis, restaurant reservations via Dineout, and event bookings through SteppinOut. Operating across five key business units—Food Delivery, Out-of-Home Consumption, Quick Commerce, B2B Supply Chain & Distribution, and Platform Innovation—the company offers around 19,000 grocery SKUs and runs 605 active dark stores in 43 cities as of September 2024. Swiggy also supports partners with business enablement tools and offers loyalty benefits through its membership program “Swiggy One.” As of June 30, 2024, the company employed 5,401 people.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Swiggy Limited IPO Strength Factors

  1. First-Mover in Hyperlocal Services: Swiggy established itself as a pioneer in India’s hyperlocal commerce space, expanding from food delivery to quick commerce through innovation and early market entry.
  2. Expansive and Active User Network: With over 112 million transacting users as of June 2024, Swiggy benefits from a large customer base supported by extensive partner ecosystems and diverse service offerings.
  3. High Customer Engagement and Loyalty: Strong app integration and frequent-use categories have resulted in repeat usage, with users averaging 4.5 orders per month in 2024 — reflecting deep engagement and brand loyalty.

Swiggy Limited IPO Risk Factors

  1. Persistent Losses and Cash Flow Challenges: Swiggy continues to operate at a loss with negative operating cash flows, highlighting the need for sustained revenue growth and improved cost efficiency to achieve profitability.
  2. Customer Retention and Growth Risk: The company’s success relies on maintaining user engagement and acquiring new customers; any slowdown in these areas could hinder growth and financial stability.
  3. Dependence on Delivery Workforce: Swiggy’s operations depend heavily on its delivery partner network — increased costs, attrition, or inability to scale effectively could impact service quality and profitability.

Swiggy Limited IPO Lead Manager(s)

  • Avendus Capital Private Limited
  • Bofa Securities India Limited
  • Citigroup Global Markets India Private Limited
  • ICICI Securities Limited
  • J.P. Morgan India Private Limited
  • Jefferies India Private Limited
  • Kotak Mahindra Capital Company

Swiggy Limited IPO Promoter(s)

NA


Swiggy Limited IPO Company Details

Swiggy Limited
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Swiggy Limited IPO Registrar

Link Intime India Private Limited
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