Swiggy IPO Details, Financials, Valuation & Peers
Explore Swiggy IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Swiggy Limited is a leading consumer-first technology company that offers a unified platform providing convenience services, including food delivery, grocery, and household item delivery. Launched in 2014, Swiggy pioneered hyperlocal commerce in India, and its platform now spans food delivery, quick commerce, dining out reservations, events bookings, product pick-up/drop-off, and more. Swiggy’s diverse range of services is accessible through a single app, making it India’s most comprehensive solution for urban food and related services. Swiggy’s platform leverages its expansive network of restaurant partners, delivery personnel, and merchant vendors to ensure quick and reliable service. The company also offers a membership program called Swiggy One to enhance user engagement, along with innovative in-app payment solutions. In addition to catering to individual consumers, Swiggy provides a suite of services for business partners, including analytics, supply chain solutions, and last-mile delivery. Its innovation-led, multi-business approach allows it to scale efficiently while maintaining its position as a leader in hyperlocal commerce.
Key Points:
- Unified Convenience Platform: Swiggy provides a single app for a variety of services, including food delivery, grocery delivery (Instamart), dining reservations (Dineout), event bookings (SteppinOut), and product pick-up/drop-off (Genie).
- Market Leader: As one of the first hyperlocal commerce platforms in India, Swiggy has a well-established brand known for innovation and leadership in the industry. It is recognized among the top 25 most valuable brands in India.
- Service Offerings: The company’s business segments include:
- Food Delivery: On-demand food delivery from a network of restaurant partners.
- Quick Commerce: Grocery and household item delivery within minutes.
- Out-of-home Consumption: Dining reservations and events.
- B2B Supply Chain Solutions: Business-to-business logistics and warehousing.
- Platform Innovations: New offerings like Swiggy Genie and Swiggy Minis.
- Swiggy One: A subscription service that provides users with discounts, offers, and faster deliveries across various Swiggy services.
- Payment Solutions: Swiggy offers integrated payment options like Swiggy Money, Swiggy UPI, and a Swiggy-HDFC Bank credit card, adding value for users.
- Technology-Driven Operations: Swiggy’s scalable technology stack supports multiple business lines, enabling it to quickly introduce new offerings and services while minimizing costs.
- Extensive Partner Network: Swiggy collaborates with a vast network of restaurant and merchant partners, offering business solutions like analytics and supply chain fulfillment.
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 the Dark Store network for the 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 the platform, across the segments
- Funding inorganic growth through unidentified acquisitions
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 06 Nov - 08 Nov 2024 |
| IPO Price Band | ₹371 - ₹390 per share |
| Fresh Issue | ₹4,499 crore |
| Offer For Sale | 175,087,863 shares (₹6,828.43 crore) |
| Total IPO Size | ₹11,327.43 |
| Face Value | ₹1 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 06 Nov 2024 |
| IPO Closing Date | 08 Nov 2024 |
| Basis Of Allotment | 11 Nov 2024 |
| Refunds | 12 Nov 2024 |
| Demat Transfer | 12 Nov 2024 |
| IPO Listing Date | 13 Nov 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 6,119.78 | 8,714.45 | 11,634.35 | 3,310.11 |
| Total Expenses | 9,574.45 | 12,884.40 | 13,947.38 | 3,907.96 |
| Net Profit/Loss | -3,628.90 | -4,179.31 | -2,350.24 | -611.01 |
| NPM (*) | -63.61 | -50.57 | -20.89 | -18.96 |
| Total Assets | 14,405.74 | 11,280.65 | 10,529.42 | 10,341.24 |
| Total Liabilities | 2,138.82 | 2,224.03 | 2,737.96 | 2,896.25 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | -18.62 | -19.33 | -10.70 | -2.76 |
| ROE (%) | -29.58 | -46.15 | -30.16 | -8.21 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | NA | NA | 0.03 | 0.03 |
| Current Ratio | 7.21 | 4.59 | 3.20 | 2.83 |
| EBITDA MARGIN (%) | -59.77 | -46.41 | -16.52 | -14.57 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Swiggy Limited | 11,247.39 | -36.45 | -10.70 | -30.16 | 35.48 |
| Zomato Limited | 12,114.0 | 742.50 | 0.40 | 1.72 | 23.14 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 75% |
| Non-Institutional Investor (NII/HNI) | Not more than 15% |
| Retail Individual Investor (RII) | Not more than 10% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 0.06 |
| Retail Individual Investor (RII) | 0.55 |
| Total | 0.12 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Link Intime India Private Ltd
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
The Company does not have an identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act.
Lead Managers
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- Jefferies India Private Limited
- Avendus Capital Private Limited
- J.P. Morgan India Private Limited
- BofA Securities India Limited
- ICICI Securities Limited
Company Address
Swiggy Limited
No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru 560 103, Karnataka, India
Phone: + 91 95907 56603
Email: secretarial@swiggy.in
Website: www.swiggy.com
FAQs
- What is the issue size of the Swiggy IPO?The Swiggy IPO has an issue size of ₹11,327.43. This includes a fresh issue of ₹4,499 crore and an offer for sale (OFS) of 175,087,863 shares (₹6,828.43 crore).
- What is the price band of the Swiggy IPO?The price band for the Swiggy IPO is ₹371 - ₹390 per share.
- What are the bidding dates for the Swiggy IPO?The Swiggy IPO will open for bidding on 06 Nov 2024 and close on 08 Nov 2024.
- What is the allotment date for the Swiggy IPO?The allotment date for the Swiggy IPO is 11 Nov 2024.
- What is the minimum lot size and investment required for the Swiggy IPO?The minimum lot size for the Swiggy IPO is 38 shares and the minimum investment required is ₹14,820.
- What is the listing date for the Swiggy IPO?The listing date for the Swiggy IPO is 13 Nov 2024.
- What is the Swiggy IPO grey market premium?The grey market premium (GMP) for the Swiggy IPO is currently at ₹9.5, with an expected listing gain of approximately 2.44%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.