Swiggy IPO Alert! 🚀 Check Issue Date, Price, Lot Size, GMP & Everything You Need to Know to Invest

India’s top food delivery app, Swiggy, is ready to go public with its highly anticipated public listing on November 6, 2023. The company aims to raise ₹11,327.43 crore through its Swiggy IPO, a significant move for the Indian startup IPO landscape. Swiggy is targeting a valuation of $11.3 billion, marking a substantial step for Bengaluru-based unicorns in the food tech IPO sector.

The IPO will include fresh shares worth ₹4,499 crore and an Offer for Sale of 17,50,87,963 shares. With a price band set between ₹371-390, the offering has already attracted over $15 billion in bids from prominent investors, including Norges and Fidelity, showcasing Swiggy strong market position as a Zomato rival.

Key Takeaways

• Swiggy’s IPO is set to raise a total of ₹11,327.43 crore, targeting a valuation of $11.3 billion.
• The price band for the Swiggy’s public offering is ₹371-390 per share, with a minimum investment of ₹14,820 for retail investors.
• The IPO includes a fresh issue of ₹4,499 crore and an OFS of 17,50,87,963 shares.
• Swiggy’s IPO GMP (Grey Market Premium) indicates a listing gain, estimated at around 4-5% above the issue price.

Understanding Swiggy Journey from Startup to IPO Giant

Swiggy’s growth story reflects its innovative spirit and dedication to transforming India’s digital ordering platform. Founded in 2014 by Nandan Reddy and Sriharsha Majety, Swiggy has evolved from a food delivery app to a comprehensive on-demand food service provider, now including services like quick commerce with Instamart.From Food Delivery Pioneer to Tech Unicorn

Key Milestones in Swiggy’s Growth Story

Swiggy’s success is marked by several key moments. It became a unicorn in 2018, valued over $1 billion just four years after starting. Its revenue has grown by 42.11% from 2018 to 2023, reaching ₹2,340.56M. Today, Swiggy is worth about $11.2 billion, making it one of India’s most valuable startups.

Evolution of Business Model

Swiggy has changed from a food delivery app to a super app with many services. Its “Hub & Spoke” delivery model has made things 20% more efficient. It aims to cut delivery costs from ₹30 to ₹24 per order.

Swiggy’s super app strategy has made it more scalable and flexible. It has also improved user engagement and retention. By adding services like laundry or medicine delivery, Swiggy has become a top player in the food delivery app IPO and Swiggy stock market listing areas.

“Swiggy’s IPO is valued at a substantial ₹11,664 crore, making a significant impact on the Indian capital markets.”

Swiggy IPO: Issue Details and Key Dates

The public offer will run from November 6 to November 8, 2023, giving investors a chance to engage with this exciting online food ordering platform IPO. The share allotment is set for November 9, 2023, and Swiggy will be listed on BSE and NSE on November 14, 2023.

Swiggy’s IPO is a big step for the company. It’s a chance for investors to be part of its growth. Everyone is looking forward to this important event.

Breaking Down the IPO Financials

Investors are excited about the Swiggy IPO. They want to know the details of the company’s money matters. The IPO includes a fresh issue of ₹4,499 crore and an Offer for Sale (OFS) of ₹6,800 crore. This makes the total issue size around ₹11,700 to ₹11,800 crore.

This move is to help Swiggy grow and give current investors a chance to sell their shares.

Fresh Issue vs Offer for Sale Components

The main part of the issue has grown to about ₹4,500 crore. This shows Swiggy wants to use new money for business plans. The OFS part might change based on how many investors join.

This lets current shareholders sell some of their shares.

Valuation Analysis

Swiggy aims for a valuation of $11.3 billion with its IPO. This is less than the $15 billion it had hoped for. The company is being careful because of market ups and downs.

Swiggy rival, Zomato, had an IPO of ₹9,375 crore. This shows how competitive the food delivery market is.

Price Band and Lot Size Details

The IPO price range is ₹371-390 per share. Each lot is 38 shares. So, the minimum investment for retail buyers is ₹14,820.

The Swiggy IPO GMP (Grey Market Premium) is 4-5% above the issue price. This shows people are excited about the Swiggy stock listing and the Swiggy IPO listing gain.

“The Swiggy IPO is a big step for the company. It shows Swiggy’s strong position as a top food delivery service in India.”

Investment Categories and Allocation

As the Swiggy IPO debuts, investors are excited. They can’t wait to join this big moment in Indian tech. The IPO offers shares for different types of investors.

These include Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).

The allocation for the Swiggy IPO is as follows:

• Qualified Institutional Buyers (QIBs): 50% of the total issue size
• Non-Institutional Investors (NIIs): 15% of the total issue size
• Retail Individual Investors (RIIs): 35% of the total issue size

Swiggy has big names like BlackRock and Canada Pension Plan Investment Board (CPPIB) as anchor investors. They’ve bought 30% of the issue size.

These big investors joining the Swiggy IPO shows the company’s growth. It also shows their trust in the Indian tech IPO market.

Analyzing Swiggy’s Market Position and Competition

Swiggy, India’s top food tech startup, is getting ready for its IPO. This makes people look at its strong market spot and the competition it faces. Swiggy has grown in food delivery and now in quick commerce with Instamart, making it a big player in India’s tech world.

Market Share in Food Delivery Segment

Swiggy leads in India food delivery market, facing off against Zomato. Its B2C business, including food delivery and quick commerce, makes up 97% of its income. Swiggy has grown its customer base and improved user experience, now having 14.29 million MTUs as of FY24.

Quick Commerce Growth

Swiggy entered quick commerce with Instamart to tap into a fast-growing market. This sector in India hit ₹22,400 crore in FY23 and is expected to grow 60-80% by FY28. Instamart’s daily orders hit 50,000-60,000 during busy times, showing Swiggy’s success in this area.

Competitive Landscape

Swiggy faces competition in food delivery and quick commerce from many players. Zomato is its main rival in food delivery, but Swiggy also competes with Blinkit, Zepto, and Reliance’s quick commerce. Swiggy’s growth and profitability will be tested by this tough competition.

“Swiggy’s IPO is priced at 6.5 times EV/Revenue, making it cheaper than Zomato’s current valuation. This makes it a good deal for investors.”

Swiggy’s journey as a public company will depend on its market position and strategy. Investors and analysts will watch how Swiggy keeps its lead, expands its services, and deals with rival challenges.

Financial Performance and Growth Metrics

Swiggy has shown impressive growth, with revenue increasing by 42.11% from 2018 to 2023, and its recent financials reflect its robust standing in the market. As the company prepares for its Swiggy stock market listing, investors are optimistic about its potential for continued success in this unicorn IPO environment.By September 30, 2023, Swiggy had great money numbers. It had total assets of Rs 137.72 crore, revenue of Rs 123.73 crore, and a profit after tax of Rs 22.84 crore. Its net worth was Rs 85.04 crore. This shows it’s financially strong and growing fast.

Swiggy’s money numbers and growth rates make it a big player in the food delivery world. As it prepares for its IPO, investors are watching its Swiggy revenue growth and Swiggy profit closely. They hope it will do well and stay a top food delivery service in India.

Risk Factors and Challenges

While the excitement around Swiggy’s IPO is palpable, it faces challenges typical of the gig economy IPO landscape, such as regulatory changes and intense competition from rivals like Zomato. Swiggy must navigate these hurdles to maintain its leadership position in the food delivery IPO space.Regulatory Environment

Market Competition Risks

The Indian food delivery market is very competitive. Swiggy has to compete with Zomato, Uber Eats, and new quick commerce startups. To stay on top, Swiggy needs to spend a lot on technology, marketing, and getting new customers.

Swiggy must also keep up with what customers want. This is key for Swiggy’s success in the long run.

Operational Challenges

Swiggy has a big network of delivery partners. It must make sure food is good and safe. Swiggy also needs to meet changing customer needs.

Managing this complex system is a big challenge. Swiggy must focus on this as it gets ready for its IPO.

As Swiggy starts its IPO journey, it must overcome these challenges. Investors will watch how Swiggy adapts and innovates. This will show if Swiggy can grow and make money in the future.

Subscription Status and Grey Market Premium

The Swiggy IPO is expected to draw a lot of interest. The Grey Market Premium (GMP) for Swiggy shares is around ₹22. This shows a positive mood among investors and suggests a listing price of about ₹412 per share.

Swiggy ipo gmp Today

From November 6 to November 8, 2024, investors will watch the subscription numbers. They will look at Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). The numbers will tell us how much demand there is for Swiggy’s IPO.

Retail investors applying for up to ₹2 lakhs will get a Retail Subject to Sauda (RTS) of ₹600. Small High Net Worth Individuals (HNIs) bidding for more than ₹2 lakhs will get a Small HNI Subject to Sauda (SHTS) of ₹8,400. Investors will keep an eye on the IPO’s grey market performance and subscription trends.

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