About Swiggy LimitedIncorporated in 2013, Swiggy Limited is a pioneer of hyperlocal commerce platform in India, having launched food delivery in 2014 and quick commerce in 2020. It offers food delivery under Swiggy, delivery of household items under Instamart, dinner reservations under Dineout, event bookings under SteppinOut, pick-up and drop-off services under Genie, and hyperlocal commerce under Swiggy Minis. Besides food delivery, out-of-home consumption and quick commerce, Swiggy also offers B2B (business to business) supplies, warehousing, logistics and distribution for wholesalers and retailers. As of 30 June 2024, it has a total employee count of 5,401. It managed 2.66 million sq. ft. of warehousing space across 13 cities, had ~680 authorised brand distribution partnerships, and served ~87,000 retailers and wholesalers. It offered a selection of ~19,000+ SKUs within grocery and household items on its platform. As of 10 September 2024, Instamart operated a network of 605 active dark stores across 43 cities in India. These dark stores are strategically located in identified catchment areas across the cities, offering seamless and quick availability and supply of grocery and household items. Under its out-of-home consumption category, it had 33,352 average monthly active restaurant partners on Dineout as of Q1 FY25. According to reports, the online dining-out market in India was valued at approximately ₹50 billion (US$0.6 billion) in 2023 and is expected to grow at a CAGR of 46% to 53% between 2023 and 2028. Meanwhile, the company’s food delivery business had a gross order value (GOV) of ₹24,717.4 crore in FY24, while Swiggy delivered over 577.7 million orders during the same period. The average monthly transacting users (MTU) on the Swiggy platform grew at a CAGR of 11.6% in the last three fiscal years, standing at 14.29 million in FY24. Swiggy’s revenue from operations rose 25.4% between FY22 and FY24 and 34.8% between Q1 FY24 and Q1 FY25. Moreover, it operates in the rapidly growing food delivery and quick commerce market, which grew at a CAGR of 42% and 148-169% between 2018 and 2023. Moreover, annual spending per user on online food delivery platforms has more than doubled from ₹2,800-3,200 in 2018 to ₹7,500-8,000 in 2023. Similarly, annual spending per user on quick commerce stood at ₹13,400 in 2023, which was negligible in 2018. This rising spending trend could indirectly benefit the company. And now, Swiggy Limited is launching its initial public offer (IPO). The total IPO issue size is yet to be updated, comprising fresh issue, aggregating to ₹3750 crore, as well as an offer for sale, which is yet to be updated. The money raised from the fresh issue will be utilised to invest in its subsidiary - Scootsy, to invest in technology and cloud infrastructure, for brand marketing and business promotion, to fund inorganic growth through acquisitions and for general corporate expenses. Its shares will be listed on the NSE and BSE. Here are key details about the Swiggy IPO:
Financial snapshot
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Here’s a quick look at Swiggy Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
Risks and threats
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Swiggy Limited IPO details| Swiggy Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Swiggy IPO’s opening date – in other words, the Swiggy IPO launch date – is to be updated. The Swiggy IPO closing date is to be updated. After this, investors will be updated about the allotment status on a date which is yet to be updated. Investors who have been allotted shares can expect them to be credited to their demat account on a date which is yet to be updated. The Swiggy IPO listing date is to be updated. The listing date is the date on which a company's shares are listed on the bourses—NSE and BSE. | Swiggy Limited IPO Price BandThe IPO is a fresh issue as well as an offer for sale. The Swiggy IPO price band is yet to be updated. Interested investors can choose a price within this band to apply for the IPO. The Swiggy IPO listing price is yet to be updated. The listing price is the price at which a company’s shares debut on the stock exchanges. | Swiggy Limited IPO Lot size The Swiggy IPO details have not been declared yet. The Swiggy IPO lot size is yet to be updated, and an investor can apply for a minimum of 1 lot. Meanwhile, the Swiggy IPO issue size is yet to be updated. |
How to pre-apply for the Swiggy Limited IPO?You can pre-apply for the Swiggy Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Swiggy Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Swiggy Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Swiggy Limited IPO on Upstox:
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How to check the Swiggy Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Swiggy Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Swiggy Limited IPOTo apply for the Swiggy Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Swiggy Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Swiggy Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Swiggy IPO means applying for this public issue before it goes live. Click here to pre-apply for the Swiggy IPO on Upstox.
You can pre-apply for the Swiggy IPO soon on the Upstox app. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Swiggy IPO opens for the subscription.
The Swiggy IPO launch date is to be updated. The Swiggy IPO will be open for subscription till to be updated.
The Swiggy lot size and the minimum investment required are to be updated.
The Swiggy IPO price band is yet to be updated.
The size of the Swiggy IPO is yet to be updated.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on a date which is yet to be updated.
Swiggy shares will be on NSE and BSE.
Swiggy shares’ listing date is to be updated.