Founded in 2014, Swiggy provides a one-stop app for food delivery, groceries, and more. It operates across five segments: food delivery, quick commerce, B2B supply chain, dining & events, and platform innovation.
The IPO opened for subscription on November 6, 2024, and closes on November 8, 2024.
The price band is set at ₹371 to ₹390 per share, with a minimum investment of ₹14,820 for a lot of 38 shares.
Swiggy's FY24 revenue rose 36% to ₹11,247 crore, driven by growth in Instamart and Dineout integration, while net losses fell 44% to ₹2,350 crore due to controlled expenses and workforce cuts.
Swiggy plans to invest in Scootsy to repay debt, expand quick commerce via dark stores, enhance tech infrastructure, fund brand promotion, and support growth through acquisitions and other purposes.
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