Swiggy Limited

Company Profile
Company Name Swiggy Limited
Open Date 06-11-2024
Close Date 08-11-2024
Exchange BSE, NSE
Lot Size 38 Shares
Issue Price ₹371 to ₹ 390 per share
Issue Size 290,446,837 shares
Application Amount ₹14,820-₹1,92,660 (38 to 494 shares)
Recommendation Neutral

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 the on-demand delivery partner network. The 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.

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Financial Summary in Cr

KPI’s FY 22 FY 23 FY 24 June 24
Revenue 57,048.97 82,645.96 1,12,473.90 32,222.17
EBITDA -34,324.82 -40,734.26 -24,552.72 -6,645.21
Net Profit -36,288.96 -41,793.05 -23,502.43 -6,109.17
RoCE -28.32% -45.52% -34.14% -10.25%
ROE -29.58% -46.15% -30.16% -8.21%
P/E - - - -

Tentative Timeline

Opening Date 06/11/2024
Closing Date 08-11-2024
Basis of Allotment 11-11-2024
Initiation of Refunds 12-11-2024
Credit of Shares to Demat 12-11-2024
Listing Date 13-11-2024

Objects of the Issue

Investment in the Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings;
Investment in the Material Subsidiary, Scootsy, for (a) expansion of Dark Store network for Quick Commerce segment through setting up of Dark Stores; and (b) making lease/license payments for Dark Stores;
Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments; and
Investment in technology and cloud infrastructure;
Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Contact Information

Registered Office Swiggy Limited No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru - 560 103
Phone + 91 95907 56603
Email secretarial@swiggy.in
Website https://www.swiggy.com/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email swiggy.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

Anchor Investor Shares Offered 13,03,85,211 (44.88%)
QIB Shares Offered 8,69,23,475 (29.92%)
NII (HNI) Shares Offered 4,34,61,737 (14.96%)
bNII > ₹10L 2,89,74,491 (9.97%)
sNII < ₹10L 1,44,87,246 (4.99%)
Retail Shares Offered 2,89,74,491 (9.97%)
Employee Shares Offered 7,50,000 (0.26%)

Shareholding Pattern

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