About Swiggy:
Swiggy is a consumer-first technology company providing users with a convenient, user-friendly platform to browse, select, order, and pay for food (through Food Delivery), groceries, and household items (via Instamart), all delivered to their doorstep through an on-demand delivery network. The platform also offers restaurant reservations (through Dineout), event bookings, product pick-up and drop-off services (through Genie), and additional hyperlocal commerce options (like Swiggy Minis and more). Swiggy enhances its value proposition for users through its membership program “Swiggy One,” “Swiggy Money,” and the Swiggy-HDFC Bank credit card.
About the Industry in which Swiggy operates:
India’s changing demographics are leading consumers to shop more through digital channels, expanding online commerce to over 950 cities. This shift fuels growth in high-frequency, convenience-oriented platforms. Between 2018 and 2023, the Food Delivery and Quick Commerce markets saw substantial growth, with annual user spending rising considerably over the period, according to a Redseer Report.
| Important Information and Timelines of the IPO of Swiggy: | |
|---|---|
| Open Date | 6 November 2024 |
| Close Date | 8 November 2024 |
| Total Issue Size – Number of Shares | 290446837 |
| Minimum Bid Price | 371 |
| Maximum Bid Price | 390 |
| Lot Size | 38 |
| Basis of Allotment | 11 November 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 12 November 2024 |
| Listing Date | 13 Novemeber 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Swiggy:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 38 | 14820 |
| Retail – Maximum | 13 | 494 | 192660 |
| sHNI – Minimum | 14 | 532 | 207480 |
| sHNI – Maximum | 67 | 2546 | 992940 |
| bHNI – Minimum | 68 | 2584 | 1007760 |
Objective of the IPO of Swiggy:
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Investment in our Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings
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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:
A. Expansion of our Dark Store network for our Quick Commerce segment through setting up of Dark Stores.
B. Making lease / license payments for Dark Stores. -
Investment in technology and cloud infrastructure.
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Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of our platform, across our segments.
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Funding inorganic growth through unidentified acquisitions and general corporate purpose
Financials of Swiggy:
| Particulars | As at and for the three months ended June 30, 2024 | As at and for the three months ended June 30, 2023 | As at and for the Financial Year ended March 31, 2024 | As at and for the Financial Year ended March 31, 2023 | As at and for the Financial Year ended March 31, 2022 |
|---|---|---|---|---|---|
| Equity share capital | 38.09 | 26.57 | 30.06 | 26.57 | 8.56 |
| Total income | 33,101.11 | 25,096.50 | 116,343.49 | 87,144.53 | 61,197.77 |
| Revenue from operations | 32,222.17 | 23,898.18 | 112,473.90 | 82,645.96 | 57,048.97 |
| Loss for the period/year | (6,110.07) | (5,640.84) | (23,502.43) | (41,793.05) | (36,288.96) |
| Basic earnings per equity share | (2.76) | (2.58) | (10.70) | (19.33) | (18.62) |
| Diluted earnings per equity share | (2.76) | (2.58) | (10.70) | (19.33) | (18.62) |
| Total borrowings | 2,566.11 | - | 2,111.86 | - | - |
| Net Worth | 74,449.92 | 86,605.97 | 77,914.61 | 90,566.12 | 122,669.12 |
| Return on Net Worth | (8.21) | (6.51) | (30.16) | (46.15) | (29.58) |
| Net Asset Value per Equity Share | 33.61 | 39.61 | 35.48 | 41.88 | 62.96 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Swiggy. You will receive a UPI mandate after 10:00 AM on 6 November 2024.
###1. How to apply for the IPO of Swiggy on Dhan?
You can apply for the IPO of Swiggy from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Swiggy be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 12 November 2024. However, you will be able to see the shares of Swiggy on Dhan before the market starts on the listing date which is 13 Novemeber 2024.