Swiggy is an online food ordering website and android application established in Bangalore in the year 2014, that let user to order food online from restaurants of their own choice. In the beginning, they were limited to just the boundaries of few metropolitan cities but has already crossed over 500+ cities in the country.
Other services like Swiggy Pop are provided to the customers Swiggy Pop is relatively fast orders that are taken for one meal and delivered half an hour or so.
Swiggy Pop’s menu encompasses,Indian thalis, bowl meals, biryanis, burgers, and Asian food. This company started in 2014, and due to its strategic development, it has expanded its services throughout more than 580 cities in the country.
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Swiggy IPO Details
This is the fifteenth interim update on Karnataka banks board whereathere has been no official information about the date of opening for the IPO or any other related information. He then also tried to profit making a applying on an issue with the IPO, and also made an application to SEBI on Optional Thursday September 26. The offer consists of ₹3,750 crore of fresh stocks and share sell from existing investor of 18.52 crore. Furthermore, the firm also wants to tap a new capital before it makes an IPO and this has implications to the number of secondary shares offered.
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹3,750 Crores |
| Offer for Sale: | Approx 185,286,265 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
Swiggy IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Swiggy IPO Dates
The Franchise offer is planned for 2024 with a closing date also for this year. Issuance of entire share capital will take place in 2024 while the company will go for IPO listing in the same year.
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Basis of Allotment: | 2024 |
| Refunds: | 2024 |
| Credit to Demat Account: | 2024 |
| IPO Listing Date: | 2024 |
| Issue Size | 10400 Cr |
| Market Cap | ₹ 108276Cr. |
| Current Price | ₹ 510 |
| Lot Size | 100 |
| 52W High | ₹ 550 |
| EPS | -11.07 |
| P/B | 13.9 |
| Issue Size | 10400 Cr |
Swiggy IPO Promoter Holding
Swiggy is food ordering app company founded by Sriharsha Majety and the both directors of the company hold significant shares as Sriharsha Majety owns 6.23% and Lakshmi Nandan Reddy Obul owns 1 % 62. Similarly as of the filing date like regular shareholders, there are 5232 and 1187 Compulsorily Convertible Preference Shares (CCPS).
Mores specifically regarding the DRHP the firms selling their stakes included Elevation Capital V, Inspired Elite Investments, Tencent Cloud Europe B.V., MIH India Food Holdings, Accel India IV (Mauritius), Apoletto Asia, Alpha Wave Ventures LP, Coatue PE Asia XI LLC and DST EuroAsia V B.V. Other individuals who have been shareholders include; Rahul Jaimini, Lakshmi Nandan Reddy Obul and P.R Venketrama Raja.
Swiggy Company Financials
| Fiscal Year | Net Losess (Cr) | Operation Revenue(Cr) |
| FY22 | 3628.89 | 5704.89 |
| FY23 | 4179.30 | 8264.59 |
| Current Year | 2350.24 | 11247.39 |
| Financial Metrics | 31 Mar 2024 |
| Total Assets | 10,529.42 |
| Revenue | 11,634 |
| Total Expenses | 13,947 |
| Total comprehensive loss | 2,255 |
| Total Cash and cash equivalents | 869.10 |
| Total liabilities | 1,052 |
Comparison between Swiggy and Zomato
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Zomato Ltd | 0.41 | 742.50 | 1.72 | 23.14 | 12,114 Cr. |
When it comes to food delivery in India, two companies dominate the market: Swiggy and Zomato. However, now the company is quite competitive in the sphere of food delivery compared to Zomato but still is not a key player in grocery delivery. Zomato for the FY24 recorded a net profit of ₹ 351 crore and has again turned profitable in the first quarter of FY25. Its revenue for FY24 increased by 71 per cent to ₹ 12,114 crore, out of which ₹ 6,161 crore came through food delivery, and ₹ 2,301 crore through Blinkit. On the other hand, the grocery delivery platform which it runs, Instamart, is not as large as Zomato in this segment.
| Aspect | Swiggy | Zomato |
|---|---|---|
| Food Delivery Competition | Competing closely | Competing closely |
| Grocery Delivery | Lagging behind | Leading |
| Net Profit (FY24) | Not disclosed | ₹351 crore |
| Profitability (Q1 FY25) | Not disclosed | Profitable |
| Total Revenue (FY24) | Not disclosed | ₹12,114 crore |
| Revenue from Food Delivery | Not disclosed | ₹6,161 crore |
| Revenue from Grocery | Not disclosed | ₹2,301 crore (Blinkit) |
| Grocery Service | Instamart | Blinkit |
| Scale in Grocery Delivery | Behind Zomato | Leading |
Swiggy IPO GMP
Swiggy Limited Contact Details
| Contact Aspect | Details |
|---|---|
| Corporate Office Address | 3rd Floor, Tower D, IBC Knowledge Park, 4/1, Bannerghatta Main Road, Bengaluru, Karnataka, 560029, India |
| Customer Support Email | support@swiggy.in |
| Customer Support (Phone) | Available via Swiggy app/website (no direct number listed) |
