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