Here we are going to discuss on Swiggy Limited IPO in detils.
About Swiggy Limited
Founded in 2014, Swiggy Limited offers its customers a user-friendly platform that they can access through a single app to search, choose, order, and pay for groceries and household goods (Instamart), food (Food Delivery), and have their orders delivered to their homes through a network of on-demand delivery partners.
There are five business units within the company:
- consumption that takes place outside the house, such as events and restaurant trips;
2. Quick Commerce for on-demand delivery of home goods and groceries;
3. Supply chain and distribution: logistics, distribution, and business-to-business (“B2B”) deliveries for retailers and wholesalers; and
4. platform innovation for brand-new products and services like Swiggy Minis and Swiggy Genie.
5.Restaurant reservations (Dineout), event reservations (SteppinOut), product pickups and deliveries (Genie), and other hyperlocal commerce activities (Swiggy Minis and others) are all made possible using the company’s platform.
In addition, the business provides in-
app payment options including Swiggy Money, a prepaid payment tool, Swiggy UPI, and a Swiggy HDFC Bank credit card for extra perks, as well as a membership club called
Swiggy One that comes with discounts and incentives.Swiggy provides a range of business enablement solutions, including analyticsdriven tools to enhance their
online presence and user base, fulfilment services to optimise their supply chain, and lastmile delivery, to its restaurant partners, merchant partners (who sell groceries and household items on the Swiggy platform), and brand partners, including alliance partners.
Around 19,000 SKUs of groceries and home goods were available on Swiggy as of June 30, 2024. Eggs, bread, fruit, and vegetables are examples of everyday convenience purchases; snacks and quick meals are examples of impulsive purchases; household items like shampoo and soap are examples of recurring purchases that are usually made on a monthly or weekly basis; feminine hygiene, basic pharmaceutical and personal care items, and stationery are examples of call-off purchases that are made on an as-needed basis; and sweets, festive supplies, and team items at sporting events are examples of occasion and festival-related purchases.
Swiggy’s Instamart ran a sizable network of 557 Active Dark Stores in 32 Indian cities as of June 30, 2024, and as of September 10, 2024, it ran a network of 605 Active Dark Stores in 43 Indian cities.
The corporation employs 5,401 individuals as of June 30, 2024.
Swiggy IPO Details
| IPO Date | November 6, 2024 to November 8, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹371 to ₹390 per share |
| Lot Size | |
| Total Issue Size | 290,446,837 shares (aggregating up to ₹11,327.43 Cr) |
| Fresh Issue | 115,358,974 shares (aggregating up to ₹4,499.00 Cr) |
| Offer for Sale | 175,087,863 shares of ₹1 (aggregating up to ₹6,828.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,123,066,748 |
| Share holding post issue | 2,238,425,722 |
Objects of the Issue (Swiggy IPO Objectives)
The company proposes to utilize the Net Proceeds towards funding the following objects:
- 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;
- Investment in technology and cloud infrastructure;
- Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Swiggy IPO Timeline (Tentative Schedule)
Swiggy IPO opens on November 6, 2024, and closes on November 8, 2024.
| IPO Open Date | Wednesday, November 6, 2024 |
| IPO Close Date | Friday, November 8, 2024 |
| Basis of Allotment | Monday, November 11, 2024 |
| Initiation of Refunds | Tuesday, November 12, 2024 |
| Credit of Shares to Demat | Tuesday, November 12, 2024 |
| Listing Date | Wednesday, November 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2024 |
Swiggy IPO Promoter Holding
The Company does not have an identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act.
| Share Holding Pre Issue | 63.56% |
| Share Holding Post Issue |
Swiggy IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
Swiggy Limited Contact Details
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/
Swiggy IPO Prospectus
Swiggy IPO FAQs :
How to apply in Swiggy IPO through Zerodha?
Zerodha customers can apply online in Swiggy IPO using UPI as a payment gateway. Zerodha customers can apply in Swiggy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Swiggy IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Swiggy IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
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