Swiggy Limited is a leading Indian online food delivery and logistics platform, founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. Headquartered in Bangalore, India, Swiggy offers food delivery services from local restaurants, along with additional services like grocery delivery (Swiggy Instamart) and logistics (Swiggy Genie).
Key Points:
- Industry: Online Food Delivery, Logistics, E-commerce
- Founded: 2014
- Headquarters: Bangalore, India
- Services:
- Food Delivery: Orders from local restaurants delivered to customers.
- Swiggy Instamart: Grocery and household items delivery.
- Swiggy Genie: Package and document delivery service within cities.
- Competitors: Zomato, Amazon Food, etc.
- Funding: Raised significant capital from investors like Naspers, DST Global, and Prosus Ventures.
- Market Presence: Operates in over 500 cities across India.
Swiggy has become a dominant player in India’s food tech space, leveraging technology to optimize its operations and services.
Swiggy IPO Details
| IPO Date | November 6, 2024 to November 8, 2024 |
| Listing Date | November 13, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹371 to ₹390 per share |
| Lot Size | 38 Shares |
| 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) |
| Employee Discount | Rs 25 per share |
| 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 |
Swiggy IPO Reservation
Swiggy IPO offers 29,04,94,914 shares. 8,69,23,475 (29.92%) to QIB, 4,34,61,737 (14.96%) to NII, 2,89,74,491 (9.97%) to RII, 7,50,000 (0.26%) to employees and 13,03,85,211 (44.88%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 13,03,85,211 (44.88%) | NA |
| QIB Shares Offered | 8,69,23,475 (29.92%) | NA |
| NII (HNI) Shares Offered | 4,34,61,737 (14.96%) | |
| bNII > ₹10L | 2,89,74,491 (9.97%) | 54,463 |
| sNII < ₹10L | 1,44,87,246 (4.99%) | 27,231 |
| Retail Shares Offered | 2,89,74,491 (9.97%) | 7,62,486 |
| Employee Shares Offered | 7,50,000 (0.26%) | NA |
| Total Shares Offered | 29,04,94,914 (100%) |
Swiggy IPO Anchor Investors Details
Swiggy IPO raises Rs 5,085.02 crore from anchor investors. Swiggy IPO Anchor bid date is November 5, 2024.
| Bid Date | November 5, 2024 |
| Shares Offered | 130,385,211 |
| Anchor Portion Size (In Cr.) | 5,085.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 8, 2025 |
Company Financials
Swiggy Limited Financial Information (Restated Consolidated)
Swiggy Limited’s revenue increased by 34% and profit after tax (PAT) rose by 44% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 10,341.24 | 10,529.42 | 11,280.65 | 14,405.74 |
| Revenue | 3,310.11 | 11,634.35 | 8,714.45 | 6,119.78 |
| Profit After Tax | -611.01 | -2,350.24 | -4,179.31 | -3,628.9 |
| Net Worth | 7,444.99 | 7,791.46 | 9,056.61 | 12,266.91 |
| Reserves and Surplus | -7,750.85 | -7,880.85 | -6,510.34 | -3,311.1 |
| Total Borrowing | 256.61 | 211.19 |