November 13, 2024
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Swiggy IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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- GMP
- Reviews
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What is the latest news relating to Swiggy IPO?
On 13th November 2024, the IPO is listed at Rs. 420, premium of 7.69% over the issue price. The listing was somewhat surprising for the grey market players who anticipated discount listing.
What is the latest GMP of Swiggy IPO?
Swiggy IPO Subscription Status
Swiggy Limited IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 6.02 | 0.37 | 0.50 | 0.41 | 1.14 | 3.59 |
| Applications: 7,15,124 / (0.94x) Amount wise Bids recd. Rs. ? Crore |
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Who is the promoter of Swiggy IPO?
THE COMPANY DOES NOT HAVE AN IDENTIFIABLE PROMOTER
What are the Objects of Swiggy IPO?
The Offer comprises the Fresh Issue and the Offer for Sale.
The company proposes to utilise the Net Proceeds towards funding the following objects:
1. Investment in our Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings;
2. Investment in our Material Subsidiary, Scootsy, for: (a) expansion of our Dark Store network for our Quick Commerce segment through setting up of Dark Stores; and (b) making lease / license payments for Dark Stores;
3. Investment in technology and cloud infrastructure;
4. Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of our platform, across our segments; and 5. Funding inorganic growth through unidentified acquisitions and general corporate purposes.
A Note on the business of Swiggy?
Swiggy is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app – to browse, select, order and pay for food (“Food Delivery”), grocery and household items (“Instamart”), and have their orders delivered to their doorstep through its on-demand delivery partner network. Its platform can be used to make restaurant reservations (“Dineout”) and for events bookings (“SteppinOut”), avail product pick-up/ drop off services (“Genie”) and engage in other hyperlocal commerce (Swiggy Minis, among others) activities. Being among the first hyperlocal commerce platforms, Swiggy has successfully pioneered the industry in India, launching Food Delivery in 2014 and Quick Commerce in 2020, and due to the pioneering status of Swiggy, it is well-recognised as a leader in innovation in hyperlocal commerce and as a brand synonymous with the categories it is present in, according to the Redseer Report.
Swiggy is unique, as it is the only unified app in India that fulfils through its own platform all food and related missions of urban users of ordering-in, eating-out and cooking-at-home
Financial and Operating Metrics
Its primary business is operating a B2C (business-to-consumer) marketplace platform where it aggregates restaurant and merchant partners that can list their food and products; users can discover and purchase such items; and it facilitates the fulfilment of these orders through enabling delivery, reservations and payments, and lead generation for partners. It has five business segments – (i) Food Delivery; (ii) Out-of-home Consumption, covering dining out and events; (iii) Quick Commerce covering on-demand delivery of grocery and household items, (iv) Supply Chain and Distribution covering business-to-business (“B2B”) supplies, warehousing, logistics and distribution for wholesalers and retailers, and (v) Platform Innovations covering our new initiatives and offerings, such as Swiggy Genie, Swiggy Minis, among others.
Pioneers of high-frequency hyperlocal commerce categories driven by an innovation-led culture: Being among the first hyperlocal commerce platforms, Swiggy has successfully pioneered the industry in India, launching Food Delivery in 2014 and Quick Commerce in 2020, and due to the pioneering status of Swiggy, it is well-recognised as a leader in innovation in hyperlocal commerce and as a brand synonymous with the categories it is present in, according to the Redseer Report
For more information, click www.swiggy.com
Swiggy IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Swiggy IPO Details |
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| IPO opens on | 6 November 2024 |
| IPO closes on | 8 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 290,446,837 Shares / Rs 11327.43 Crore |
| * Fresh Issue | 115,358,974 Sh /Rs 4499 Cr |
| * Offer for Sale | 175,087,863 shares/ Rs.6828.43 Crore |
| Face Value per share: | Rs. 1 |
| Price Band | Rs. 370-390 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. ? per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Swiggy? | Shares | Rs. in Cr |
| QIB (75 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (10 %) | ? | ? |
| Employees | – | – |
| Total Shares | ? | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Swiggy IPO? | Amount Rs. | |
| Min Retail Application | ? Shares | ? |
| Max Retail Application | ? Shares | ? |
| Small HNI (Min) application | ? Shares | ? |
| Small HNI (Max) application | ? Shares | ? |
| Big HNI Application | ? Shares | ? |
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What is the timetable of Swiggy IPO? |
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| IPO opens on | 6 November 2024 |
| IPO Closes on | 8 November 2024 |
| IPO Allotment on | 11 November 2024 |
| Unblocking of ASBA | 12 November 2024 |
| Credit of Shares | 12 November 2024 |
| Listing on | 13 November 2024 |
| Registered Office of Swiggy | |
| No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru 560 103, Karnataka, India | |
| Who are the Lead Managers of Swiggy IPO? Kotak Mahindra Capital Company Ltd J.P. Morgan India Pvt ltd Citigroup Global Markets India Pvt ltd BofA Securities India Ltd Jefferies India Private Ltd ICICI Securities Ltd Avendus Capital Private Ltd |
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| Registrar to IPO | |
| Link Intime India Pvt Limited |
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Swiggy IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 6120 | -3629 | -18.62 | -29.58 |
| 2022-23 | 8714 | -4179 | -19.33 | -46.15 |
| 2023-24 | 11634 | -2350 | -10.70 | -30.16 |
| Book Value of the Share on 31.003.2024 |
Rs. | 35.48 | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Swiggy IPO Ratio Analysis |
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| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Swiggy IPO compares with the Peers?
Peer Comparison.
This being a unique business, for ease of comparison, we have provided Market Capitalization/Total Income ratio as useful indicator.
| As on date of DRHP | FV | Total | M.C. |
| Rs. | Income | Total Income | |
| Rs. In Cr | |||
| Swiggy | 1 | 11247 | ? |
| Zomato | 1 | 12114 | 20.23 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Swiggy IPO Review
We will update our Review & Guidance, once the price band and other details are announced by the company.
Quicklinks
It is highly overpriced . It may come below issue price. I will wait.