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Swiggy IPO GMP

Swiggy IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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Table of Contents

  • GMP
  • Reviews
  • Subscription
  • Allotment

What is the latest news relating to Swiggy IPO?   

Swiggy is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app. 

What is the latest GMP of Swiggy IPO? 

 Click

Swiggy IPO Subscription Status

Will update subscription status once the IPO opens for subscription.

Swiggy IPO Allotment Link:

We will provide allotment link, once the allotment is finalised.

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

Swiggy IPO Details 

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 ?

What is the timetable of Swiggy IPO?

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
Registrar to IPO
Link Intime India Pvt Limited

Swiggy IPO Financial & Analytical Ratios

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
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.

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Swiggy IPO GMP grey market premium, review, Subscription, allotment, listing estimate

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