
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
Apply IPO OnlineSwiggy 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%) |
Checkout the List of Upcoming IPO
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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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
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