Swiggy IPO: IPO date, Price range & Lot Size As the food delivery landscape evolves, Swiggy, one of India’s leading online food ordering and delivery platforms, is all set to take the stock market by storm with its much-awaited initial public offering (IPO). With a strong user base, innovative technology and a significant market presence, Swiggy has transformed the way Indians experience food delivery. Set to launch its IPO in 06th – 08th Nov 2024, this offering is not only a significant moment for the company, but also a reflection of the rapidly growing online foodservice industry. In this article, we will discuss what investors can expect from Swiggy’s IPO, including the company’s financial performance, growth prospects, and broader market context that could influence its success.
Swiggy Ipo Date, Listing Date, Price Range & Lot Size
| IPO Date | Listing Date | Price Range | Lot Size & Minimum Investment |
| 06th – 08th NOV 2024 | 13th NOV 2024 | Rs.371 – Rs.390 | 38- 14,820.00 |
About Swiggy (Swiggy IPO: IPO date, Price range & Lot Size)
Swiggy, founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini, has rapidly become one of India’s leading food delivery platforms. Known for its user-friendly app, Swiggy offers a vast selection of cuisines from local restaurants, making it a go-to choice for millions of consumers.
Beyond food delivery, Swiggy has diversified its services with Swiggy Instamart, providing grocery delivery to meet a broader range of consumer needs. The company’s tech-driven approach leverages advanced algorithms to optimize delivery routes and enhance user experience, ensuring timely and efficient service.
Operating in over 500 cities, Swiggy has established a strong market presence and built partnerships with numerous restaurants, from beloved local eateries to popular chains. Its innovative customer engagement strategies, including loyalty programs and promotions, foster a loyal user base.
As Swiggy prepares for its upcoming IPO, it aims to utilize public investment to fuel further expansion and innovation. Despite facing stiff competition from rivals like Zomato, Swiggy’s commitment to enhancing customer experience and operational efficiency positions it well in the dynamic food delivery landscape, making it an exciting prospect for potential investors.
Read More: https://techmoneyhub.in/
Swiggy IPO Issue size
| Funds Raised in the IPO | Amount |
| Total Fund | ₹11000 crores |
| Fresh Issue | ₹3750 crores |
| Offer for sale | ₹7250 crores |
Swiggy Annual Financials Report ( Net Sales, Total Income, Operating Profit, Net Profit & Total Assets )
A) Net Sales
| Year | Total Income (in cr.) |
| 2020 | 3,727.7 |
| 2021 | 2,675.9 |
| 2022 | 4,046.2 |
| 2023 | 8,714.5 |
| 2024 | 11,634.3 |
B). Net Sales
| Year | Net Sales (in cr.) |
| 2020 | 3,468.1 |
| 2021 | 2,546.9 |
| 2022 | 3,557.1 |
| 2023 | 8,264.6 |
| 2024 | 11,247.4 |
C). Operating Profit
| Year | Operating Profit (in cr.) |
| 2020 | -3,571.9 |
| 2021 | -1,169.7 |
| 2022 | -3,605.6 |
| 2023 | -3,835.3 |
| 2024 | -1,858.3 |
D). Net Profit
| Year | Net Profit (in cr.) |
| 2020 | -3,908.5 |
| 2021 | -1,616.9 |
| 2022 | -3,768.1 |
| 2023 | -4,179.3 |
| 2024 | -2,350.2 |
E). Total Assets
| Year | Total Assets (in cr.) |
| 2020 | 4,401.7 |
| 2021 | 2,980.6 |
| 2022 | 14,205.7 |
| 2023 | 11,280.6 |
| 2024 | 10,529.4 |
Strengths
Swiggy’s operating revenue grew by 36% year-over-year for FY24, reaching ₹11,247 crore. At the same time, the company cut its losses by 44%, bringing them down to ₹2,350 crore. With more than 5,000 employees and over 200,000 delivery executives, Swiggy ensures smooth and efficient operations.
The company has broadened its services with platforms like Instamart for quick grocery deliveries and Swiggy Genie for pick-up and drop-off services, allowing it to enter new markets beyond food. Operating in over 500 cities across India, Swiggy is a strong player in many regions. It also utilizes machine learning algorithms to enhance user experience.
Risks
Swiggy has experienced ongoing net losses and negative cash flow since its founding. Even with growing revenue from food delivery and quick commerce, high expenses like advertising and delivery continue to be challenges.
The company’s success hinges on effectively attracting and retaining users. Changes in consumer preferences or competitive offers could lead to a decrease in its user base, impacting revenue. Keeping restaurant and merchant partners is also critical; if they raise prices or switch to rivals, order volumes may drop.
Managing Dark Stores effectively is essential for Quick Commerce. Poor management could disrupt services, increase costs, and lower customer satisfaction. Additionally, potential changes in government regulations for e-commerce and food delivery could impact Swiggy’s demand and overall business model.
Swiggy IPO Related News:
Swiggy IPO FAQs
1. What is the expected date for Swiggy’s IPO?
Swiggy is expected to launch its IPO in [insert expected date], although the exact date may vary based on market conditions and regulatory approvals.
2. How many shares will be offered in the IPO?
The exact number of shares to be offered in the IPO has not yet been disclosed. More details will be available in the official IPO announcement.
3. What is the price range for Swiggy’s IPO shares?
The price range for the shares will be determined closer to the IPO date, taking into account market conditions and investor interest.
4. What will Swiggy do with the funds raised from the IPO?
Swiggy plans to use the funds for various purposes, including expanding its operations, enhancing technology, and potentially reducing debt.
5. Who are the lead underwriters for the IPO?
The list of lead underwriters will be made public closer to the IPO date. Typically, investment banks and financial institutions assist in the process.
6. How can investors apply for Swiggy’s IPO?
Investors can apply for the IPO through their stockbroker or online trading platform once the IPO opens for subscription.
7. Is Swiggy profitable?
As of now, Swiggy has been working to reduce its losses but has not yet reached profitability. Investors should consider this while evaluating the IPO.
8. What are the risks associated with investing in Swiggy’s IPO?
Investors should be aware of risks such as ongoing net losses, competition from other food delivery services, and potential regulatory changes.
9. What is the significance of Swiggy’s IPO?
The IPO marks a significant milestone for Swiggy, enabling it to raise capital for growth while providing an opportunity for investors to participate in the company’s future.
10. Where can I find updates on Swiggy’s IPO?
For the latest updates, investors can check Swiggy’s official website, financial news outlets, and regulatory announcements from the Securities and Exchange Board of India (SEBI).
Content Disclaimer: This article is for informational purposes only and should not be considered financial advice. While we strive for accuracy, the information provided may reflect the most current data. Always conduct your own research and consult a financial advisor before making any investment decisions.
