Swiggy IPO

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    Swiggy IPO

    One of India’s top e-commerce logistics companies, Swiggy Limited was established in 2012 and focuses on business-to-consumer (B2C) services. The company offers services like picking up items from sellers, transporting them, delivering them to buyers, handling returns, and supplying storage solutions. It has a large transportation network throughout India. With a focus on growing into Tier 2 and smaller cities, Swiggy’s activities span over 27,000 PIN codes, reaching 97% of India’s population.

    Swiggy has processed over 2 billion shipments since its 2013 start. Its remarkable annual shipping growth rate of 33.46% between FY2020 and FY2024 showed that it could grow with India’s expanding e-commerce business.

    With its asset-light business model, Swiggy depends less on building ownership and more on leased infrastructure and technology. At the moment, the organization manages 3,421 distribution centers and 317 leased facilities. Gig workers power a sizable portion of Swiggy’s delivery operations, which helps the company keep expenses low. The cost per shipment was down to ₹39.65 by FY2024. Swiggy employed more than 48,000 individuals as of March 2023.

    Swiggy provides a broad array of logistical options designed to satisfy the demands of various e-commerce companies. These include same-day delivery, quick B2C delivery, large goods transportation, reverse logistics (managing returns), and warehouse services for expedited order fulfillment. Additionally, it offers speedy commerce warehousing options to companies who need to stock and distribute goods quickly. Because of its adaptable services, Swiggy is a reliable partner for big e-commerce companies like Nykaa, Meesho, and Amazon.


    Swiggy’s operations rely heavily on technology, which helps them increase productivity and provide services with consistency. This solid technology base has aided the business in establishing and preserving enduring connections with its customers. 6,384 users were active on Swiggy as of March 31, 2024, many of them were well-known internet businesses

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    Swiggy IPO Details

    Opening Date

    Wednesday, November 6, 2024

    Closing Date

    Friday, November 8, 2024

    Price Band

    ₹371 to ₹390 per share

    Issue Size

    290,446,837 shares (aggregating up to ₹11,327.43 Cr)

    Face Value

    ₹1 per share

    Market Lot

    38 Shares

    Listing at NSE,BSE

    Swiggy IPO Timeline (Tentative Schedule)

    IPO Open Date Wednesday, November 6, 2024
    IPO Close Date Friday, November 8, 2024
    Allotment Date Monday, November 11, 2024
    Initiation Of Refunds Tuesday, November 12, 2024
    Credit Of Shares To
    Demat Account
    Tuesday, November 12, 2024
    IPO Listing Date Wednesday, November 13, 2024
    UPI Mandate Expiry Date 5 PM on November 8, 2024

    Swiggy IPO Reservation

    Investor Category Shares Offered
    QIB Shares Offered Not less than 75% of the Net Issue
    Retail Shares Offered Not more than 10% of the Net Issue
    NII (HNI) Shares Offered Not more than 15.00% of the Net Issue

    Swiggy IPO Lot Size

    Application Lots Shares Amount
    Retail (Min) 1 38 ₹14,820
    Retail (Max) 13 494 ₹192,660
    HNI (Min) 14 532 ₹207,480
    S-HNI (Max) 67 2,546 ₹992,940
    B-HNI (Min) 68 2,584 ₹1,007,760

    Utilisation of Proceeds

    Purpose INR crores (%)
    Investment in Scootsy (for debt repayment) ₹137.4 (3.66%)
    Investment in Scootsy (for Dark Store expansion and lease payments) ₹982.4 (26.16%)
    Investment in technology and cloud infrastructure ₹586.2 (15.63%)
    Brand marketing and business promotion expenses ₹929.5 (24.79%)
    Funding inorganic growth and general corporate expenses ₹1115.25 (29.74%)

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    About the Swiggy IPO Company

    In the upcoming years, it is anticipated that India’s food services business will expand considerably. It is anticipated to reach ₹9 trillion by 2030 due to an increase in customers and the frequency of eating out or placing food orders. The online meal delivery sector of this industry is anticipated to expand at a yearly rate of 18%. It is anticipated that by 2030, its portion of the overall food services sector will rise from 8% to 20%.

    Given that its services and logistics network are ideally positioned to handle the growing demand for food delivery and other e-commerce demands, Swiggy stands to gain a great deal from this expansion.

    About the Swiggy IPO Company

    Particulars 31 Mar 2023 31 Mar 2022
    Revenue (in ₹ crore) 8,714.5 6,119.8
    Profit After Tax (in ₹ crore) -4,179.3 -3,628.9
    Expenses (in ₹ crore) 12,884.4 9,574.5
    Revenue Growth (%) 42.4% --
    Profit Growth (%) 15% --
    EBITDA (in ₹ crore) -3,829 --

    Swiggy IPO Strengths & Weakness

    Strengths Weaknesses
    Strong business growth was demonstrated by Swiggy, which had a 42.4% increase in revenue between FY 2022 and FY 2023. Inc. Swiggy's financial losses increased by 15% between FY 2022 and FY 2023, making profitability difficult.
    With operations in over 500 Indian locations, the organization guarantees extensive service coverage. The company's market share may be impacted by fierce rivalry from competitors like Zomato and Zepto as well as new entrants.
    In the congested market, Swiggy finds it more difficult to distinguish out due to its lesser brand awareness when compared to its top competitors. By introducing cutting-edge services like Genie (for on-demand delivery) and Instamart (for speedy grocery delivery), Swiggy is able to maintain its growth.
    By introducing cutting-edge services like Genie (for on-demand delivery) and Instamart (for speedy grocery delivery), Swiggy is able to maintain its growth. Swiggy's revenue is primarily derived from the top 50 Indian cities, which makes the company susceptible to a fall in demand in these locations.
    Utilizing cutting-edge machine learning technology, the business offers a seamless and customized customer experience. The trend of consumers cooking at home is growing, which may lessen the need for food delivery services like Swiggy.
    Swiggy is able to provide clients with a multitude of options and a robust market presence because to its excellent ties with several restaurants. Swiggy may face operational and regulatory difficulties if there are any changes to the laws governing food delivery.

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    How to apply for Swiggy IPO ?

    Retail investors need to apply for the IPO using UPI

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    • Link your bank account to a UPI ID.
    • Register your UPI id with your Demat account.
    • Subscribe for Ola Electric IPO and approve the payment on your UPI ID.

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    Frequently Asked Questions

    The price band for the IPO is set between Rs. 371 – Rs. 391

    The issue size of the company is ₹11,327.43 crore.

    The minimum lot size for this IPO is 38 shares.

    The minimum investment required is ₹14,098