SWGGY IPO OPENING ON 6 Nov 2024 to November 8, 2024
Founded in 2014, Swiggy Limited provides its users with an easy-to-use platform for food (Food Delivery), grocery and household goods (Instamart) delivered to Customer homes via an on-demand delivery partner network.
SWIGGY VISION
SWIGGY aim is to build innovative solutions that deliver unparalleled convenience to urban users. The online Food Delivery market and the Quick Commerce market in India are expected to grow at a CAGR of approximately 17 to 22% and 60 to 80%, respectively, from 2023 to 2028.SWIGGY Quick Commerce in overall retail market in India is expected to become more than six times to approximately 2-3% by 2028, with Quick Commerce as a percentage of overall online retail expected to increase from 4.8% in 2023 to between 17 and 30% in 2028, with a significant headroom for future growth.
SWIGGY FINANCIAL DETAILS
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets( INR Cr.) | 10,341.24 | 10,529.42 | 11,280.65 | 14,405.74 |
| Revenue( INR Cr.) | 3,310.11 | 11,634.35 | 8,714.45 | 6,119.78 |
| Profit After Tax( INR Cr.) | -611.01 | -2,350.24 | -4,179.31 | -3,628.9 |
| Net Worth ( INR Cr.) | 7,444.99 | 7,791.46 | 9,056.61 | 12,266.91 |
| Reserves and Surplus( INR Cr.) | -7,750.85 | -7,880.85 | -6,510.34 | -3,311.1 |
SWIGGY IPO OFFER
| PO Date | November 6, 2024 to November 8, 2024 |
| Listing Date | [.] |
| 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 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 |
| Last Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2024 |
IPO BID DETAILS
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,820 |
| Retail (Max) | 13 | 494 | ₹192,660 |
| S-HNI (Min) | 14 | 532 | ₹207,480 |
| S-HNI (Max) | 67 | 2,546 | ₹992,940 |
| B-HNI (Min) | 68 | 2,584 | ₹1,007,760 |
IPO OBJECTIVE
- Investment in our Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings;
- Investment in our Material Subsidiary, Scootsy, for: (a) expansion of our Dark Store network for our 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 our platform, across our segments; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
ABOUT SWIGGY
Our primary business is operating a B2C (business-to-consumer) Swiggy facilitates the fulfilment of orders through enabling delivery, reservations and payments, and lead generation for partners. Swiggy have five business segments
SWIGGY HAS FIVE OPERATING SEGMENTS
- Food Delivery
- Out-of-home Consumption, covering dining out and events
- Quick Commerce covering on-demand delivery of grocery and household items
- Supply Chain and Distribution covering business-to-business (“B2B”) supplies, warehousing, logistics and distribution for wholesalers and retailers, and
- Platform Innovations covering our new initiatives and offerings, such as Swiggy Genie, Swiggy Minis, among others.
Food delivery business offer on-demand Food Delivery services through a network of restaurant partners and delivery partners, which is available through mobile application and/ or website. Out-of-home Consumption offerings include restaurant dining solutions (that SWIGGY provides through DineOut) and access to curated outdoor events through SteppinOut.
Quick commerce offer on-demand grocery and a growing array of household items to users through Instamart.
Supply Chain and Distribution offer comprehensive supply chain services to wholesalers, retailers, and fast-moving consumer goods (“FMCG”) brands, leveraging our warehousing capabilities. We streamline the value-chain and ensure reliable, fast, and cost-effective order fulfilment for wholesalers, retailers and FMCG companies.
Platform Innovations consists of set of incubators for new service offerings to create more frequent and meaningful touchpoints for our users, this segment includes business verticles such as Private Brands, Swiggy – Genie, Swiggy-Minis, Insanely Good etc.
As of June 30, 2024, SWIGGY have a total of 581 open Dark Stores spread across 32 cities in the northern, western, eastern and southern regions of India. Our Dark Store infrastructure has grown significantly over time, from 12 Dark Stores as on April 1, 2021, to 581 Dark Stores as on June 30, 2024.
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