Swiggy Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹371 - ₹390
- Lot size
- 38 shares
- Issue amount
- ₹11,327.43 cr
- Total subscription
- 3.59×
- Opens
- 6 Nov 2024
- Closes
- 8 Nov 2024
- Allotment
- 11 Nov 2024
- Listing
- 13 Nov 2024
Offer at a glance
Issue overview
- Issue size
- 29,04,68,426 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,098
- Fresh issue
- ₹4,499.51 cr
- Offer for sale
- ₹6,827.92 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,820
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,12,30,66,748
- Shares after issue
- 2,23,84,25,722
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 38 | ₹14,820 |
| sHNI | 14 | 532 | ₹2,07,480 |
| bHNI | 68 | 2,584 | ₹10,07,760 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 54,463 | 2,997 |
| HNIs (2-10L) | 27,232 | 11,437 |
| RETAIL | 7,62,487 | 6,86,337 |
| Employee | 0 | 15,550 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3,390.02 | 20,400.49 |
| RETAIL | 1,130.01 | 1,290.09 |
| HNIs 2+ | 565 | 280.73 |
| HNIs 10+ | 1,130.01 | 417.44 |
| EMPLOYEES | 29.25 | 48.26 |
Financial performance
Company financials
in Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | -2.7 | -10.7 | -19.33 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | -8.21 | -30.16 | -46.15 |
| PRE IPO(PE) | -35.23 | 0 | 0 |
| POST IPO(PE) | -35.72 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
- 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.
- 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.
Risk factors
- 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.
- 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.
- 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.
Registrar & documents
Lead manager
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
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru - 560 103
+ 91 95907 56603
[email protected]Company website ↗Understanding SWIGGY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.