Swiggy IPO Listing Date: Key things to know before debut on NSE and BSE

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2 min read | Updated on November 12, 2024, 12:42 IST

SUMMARY

Swiggy IPO Listing Date: Shares of Swiggy Ltd will be listed on the National Stock Exchange (NSE) and the BSE on Wednesday, November 13, at 10 am.

Swiggy's valuation has been pegged at about ₹95,000 crore at the upper end of the price band.

Swiggy IPO Listing Date: Shares of Swiggy Ltd, which provides food delivery and quick commerce services, will make their stock market debut on Wednesday, November 13. The ₹11,327-crore mega initial public offering was subscribed 3.59 times during the bidding period. The Swiggy IPO allotment status was finalised on Monday. As the listing is less than a day away, here are important things you should know.

Swiggy IPO: Subscription

The initial share sale got bids for 57.53 crore shares against 16.01 crore equity shares on offer, leading to 3.59 times subscription.

Category	Number of Times Subscription
Qualified Institutional Buyers (QIBs)	6.02
Non-institutional Investors	41%
Retail Individual Investors (RIIs)	1.14
Total	3.59

Swiggy IPO: Objective

Swiggy IPO, with a price band of ₹371-₹390 a share, is a fresh issuance of new equity shares worth ₹4,499 crore, apart from an offer-for-sale of ₹6,828 crore from promoters and existing shareholders.

The company intends to use the money raised to invest in its subsidiary Scootsy and brand marketing and promotion. It will also be used to invest in technology and cloud infrastructure, debt repayment, and general corporate purposes.

Swiggy IPO: Here's what we know about food app's dividend policy from RHP

Swiggy IPO: Listing date and time

Swiggy's IPO share listing on the National Stock Exchange (NSE) and the BSE will take place on Wednesday, November 13, at 10 a.m.

Swiggy IPO: Financials

In the financial year 2023-24 (FY24), the food delivery app had posted a revenue of ₹11,247 crore as compared to ₹8,264 crore revenue in the previous fiscal.

The company narrowed net losses to ₹2,350 crore in FY24 as against ₹4,179 crore in FY23.

In FY22, Swiggy's revenue and net loss stood at ₹5,704 crore and ₹3,628 crore, respectively.

Swiggy vs Zomato: Super-app or separate apps? A clash of strategies for market dominance

About the company

Swiggy is a hyperlocal commerce platform that offers food delivery under Swiggy, household item delivery under Instamart, restaurant reservations under Dineout, pick-up and drop-off services under Genie, event bookings under SteppinOut and hyperlocal commerce under Swiggy Minis.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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Swiggy IPO Listing Date: Key things to know before debut on NSE and BSE

Swiggy IPO: Subscription

Swiggy IPO: Objective

Swiggy IPO: Listing date and time

Swiggy IPO: Financials

About the company

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