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Swiggy IPO details: issue date, price, and lot size

Stocks IPO
2 min Read Oct 31, 2024
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The Swiggy IPO has been much-awaited in the Indian stock market. With this upcoming IPO, Swiggy plans to raise fresh capital to expand its operations and focus on building more dark stores. This 10-year-old company has proved to be a pioneer in the food and grocery delivery business. In this blog, we will explore the Swiggy IPO details in depth.

Swiggy IPO details: fundamentals

Before you decide whether or not to subscribe, let us look at the Swiggy IPO fundamentals. The IPO will open for subscription on the 6th of November through the 8th of November. The shares of Swiggy will list on BSE and NSE on the 13th of November.

IPO DateNovember 6, 2024 to November 8, 2024
Listing DateNovember 13, 2024
Price Band₹371 to ₹390 per share
Lot Size38 Shares
Total Issue Size290,446,837 shares(aggregating up to ₹11,327.43 Cr)
Fresh Issue115,358,974 shares(aggregating up to ₹4,499.00 Cr)
Offer for Sale175,087,863 shares of ₹1(aggregating up to ₹6,828.43 Cr)
Listing AtBSE, NSE

Swiggy IPO timeline

This upcoming IPO will be open for subscription on November 6, 2024. In the table below, you will find the detailed Swiggy IPO timeline.

Subscription opens onWednesday, November 6, 2024
Subscription closes onFriday, November 8, 2024
Basis of allotmentMonday, November 11, 2024
Initiation of refundsTuesday, November 12, 2024
Credit of Shares to your Demat accountTuesday, November 12, 2024
Listing DateWednesday, November 13, 2024
Cut-off time for UPI mandate confirmation5 PM on November 8, 2024

Swiggy financials

Understanding a company’s financials is absolutely critical before you invest in it. Let us understand Swiggy’s financial position before its IPO. The numbers are in crore.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets10,341.2410,529.4211,280.6514,405.74
Revenue3,310.1111,634.358,714.456,119.78
Profit After Tax-611.01-2,350.24-4,179.31-3,628.9
Net Worth7,444.997,791.469,056.6112,266.91
Reserves and Surplus-7,750.85-7,880.85-6,510.34-3,311.1
Total Borrowing256.61211.19

Swiggy IPO review: highlights

  • Strong Brand Recognition: Swiggy is a well-known and trusted brand in the Indian market.

  • Large Market Opportunity: The food delivery market in India is growing rapidly, offering significant growth potential.

  • Technology-Driven Platform: Swiggy's technology-driven platform enables efficient operations and customer experience.

  • Diversified Revenue Streams: The company generates revenue from food delivery, grocery delivery, and other services.

Swiggy IPO review: challenges

  • Intense Competition: The food delivery market is highly competitive, with players like Zomato vying for market share.

  • Unit Economics: The company faces challenges in achieving profitability due to high operating costs.

  • Regulatory Risks: Changes in government regulations could impact the business.

Should you invest in the Swiggy IPO?

Investors should carefully consider the company's financial performance, growth prospects, and valuation before investing in the Swiggy IPO. While the company has a strong market position, it's crucial to assess the risks associated with the food delivery industry and the company's ability to maintain its growth trajectory.

FAQs

1. What is the IPO price band for Swiggy?

The price band for the Swiggy IPO is set at ₹371 to ₹390 per share.

2. When is the Swiggy IPO opening and closing?

The Swiggy IPO is scheduled to open for subscription on November 6, 2024, and will close on November 8, 2024.

3. When will the Swiggy IPO shares be listed on the stock exchange?

The shares of Swiggy are expected to be listed on the stock exchange on November 13, 2024.

4. What is the minimum investment required for the Swiggy IPO?

The minimum investment required for the Swiggy IPO is ₹14,850, which corresponds to a minimum lot size of 38 shares.