8 min read | Updated on November 13, 2024, 17:30 IST
SUMMARY
Swiggy Share Price Highlights: Swiggy Ltd shares listed at ₹420 apiece on the NSE (National Stock Exchange) on Wednesday, November 13, a premium of 7.69% to the issue price of ₹390 a unit.
Swiggy IPO was subscribed 3.59 times during the three-day bidding period.
Swiggy Share Price Live Update at 5:30 pm: Top management
Sriharsha Majety, Managing Director and Group CEO
Nandan Reddy, Whole-time Director and Head of Innovation
Rahul Bothra, Chief Financial Officer
Rohit Kapoor, CEO- Food Marketplace
Amitesh Jha, CEO- Instamart
Phani Kishan, Chief Growth Officer
Madhusudhan Rao, Chief Technology Officer
Girish Menon, Chief Human Resources Officer
Swiggy Share Price Live Update at 5:15 pm: Day 1 trading stats
Traded volume: 229.39 lakh
Traded value: ₹607.43 crore
Total market capitalisation: ₹15,438.81 crore
Swiggy Share Price Live Update at 5:00 pm: How the stock performed on Day 1
The stock listed at ₹412, reflecting a jump of 5.64% from the issue price of ₹390 on the BSE. It settled 16.9% higher at ₹455.95 from the issue price.
Swiggy Share Price Live Update at 4:16 pm: What Swiggy CEO Sriharsha Majety said on CCI probe
Regarding the reported CCI investigation against food delivery platforms, including Swiggy, for anti-competition practices, CEO Sriharsha Majety said, "We are following laws and practices with complete compliance."
According to PTI sources, a Competition Commission of India (CCI) probe has found that food delivery platforms Zomato and Swiggy indulged in unfair business practices, including alleged preferential treatment of some restaurant partners.
Swiggy Share Price Live Update at 4:00 pm: Instamart delivery time improved, says Swiggy CEO Sriharsha Majety
Swiggy CEO Sriharsha Majety said that Instamart's average delivery time has reduced over time in big cities, adding, "Our delivery time has reduced from 17 minutes to 12 minutes."
He said Swiggy plans to open bigger dark stores, some as large as 8,000-10,000 sq ft.
Swiggy Share Price Live Update at 3:34 pm: Swiggy shares settled 10.48% higher at ₹464 apiece on the NSE. On the BSE, it ended 12.75% higher at ₹464.5.
Swiggy Share Price Live Update at 3:20 pm: The market capitalisation of Swiggy Ltd stands at ₹1,03,002.15 crore as shares are up 9.5%.
Swiggy Share Price Live Update at 3:17 pm: Shares of Swiggy Limited are up 9.3% to 459.10 apiece on the NSE after listing at a premium of 7.7%.
Swiggy Share Price Live Update at 2:50 pm: Price information
Current price: ₹444.9 (+5.93%)
Issue price: ₹390
Open: ₹420
High: ₹449
Low: ₹391
Swiggy Share Price Live Update at 2:27 pm: Here's how much CEO Sriharsha Majety, top execs gained from the IPO
Swiggy Share Price Live Update at 2:03 pm: Shares of Swiggy are trading 5.67% higher at 443.8 apiece on the NSE.
Swiggy Share Price Live Update at 1:30 pm: Here's what Zomato CEO Deepinder Goyal said on Swiggy listing
Taking to X, Zomato CEO Deepinder Goyal said, "Congratulations @swiggy! Couldn't have asked for a better company to serve India with."
Swiggy Share Price Live Update at 1:00 pm: Swiggy shares are trading at ₹432.3 apiece, up 2.9%, on the NSE.
Swiggy Share Price Live Update at 12:52 pm: How much did Swiggy pay to merchant banks for IPO?
According to the red herring prospectus (RHP), Swiggy paid around 3.1% of the IPO's size towards total expenses for the initial share sale. The company paid the merchant bankers ₹275 crore for the timely execution of its IPO.
Apart from merchant bankers’ fees, IPO expenses included SEBI charges, NSE and BSE processing fees, legal fees, and advertising and marketing expenses.
Citigroup Global Markets India, Kotak Mahindra Capital Company, Jefferies India Private Limited, JP Morgan India Private Limited, BofA Securities India, ICICI Securities and Avendus Capital were some of the key merchant bankers for the Swiggy IPO.
Swiggy Share Price Live Update at 12:20 pm: After the debut at 7.69% premium, the stock has gained 5% to ₹441 on the NSE.
Swiggy Share Price Live Update at 11:52 am: Price information
Current price: ₹443.3 (+5.55%)
Issue price: ₹390
Open: ₹420
High: ₹449
Low: ₹391
Swiggy Share Price Live Update at 11:31 am: Swiggy shares are trading 5.23% higher on the NSE as the market capitalisation soars to ₹98,928.18 crore.
Swiggy Share Price Live Update at 11:14 am: The stock is up 4.8% to ₹440.2 apiece on the NSE.
Swiggy Share Price Live Update at 10:53 am: Swiggy shares are trading 2.52% higher at ₹430.6 per share after listing at 7.7% premium on the NSE.
Swiggy Share Price Live Update at 10:25 am: Price information
Current price: ₹402.35 (-4.2%)
Issue price: ₹390
Open: ₹420
High: ₹420.05
Low: ₹391
Swiggy Share Price Live Update at 10:12 am: The company's market capitalisation stands at ₹89,817.70 crore, as the stock is down 4.74% to ₹400.1 per share.
Swiggy Share Price Live Update at 10:03 am: Following listing at 7.69% premium, shares of Swiggy declined 4.7% to ₹400 on the NSE.
Swiggy Share Price Live Update at 9:57 am: Zomato welcomes Swiggy on stock exchanges
Taking to X, Zomato, a competitor of Swiggy, said, "You and I... In this beautiful world ❤️ @Swiggy."
Swiggy Share Price Live Update at 9:47 am: The stock opened at a premium of 5.64% at ₹412 per share on the BSE.
Swiggy Share Price Live Update at 9:40 am: Swiggy IPO listed at ₹420 a unit on the National Stock Exchange (NSE) on Wednesday, a premium of 7.69% to the issue price of ₹390 apiece.
Swiggy IPO Listing Live Update at 9:34 am: Board of Directors
Sriharsha Majety, Managing Director and Group CEO
Nandan Reddy, Whole-time Director - Head of Innovation
Anand Kripalu, Chairman and Independent Director
Suparna Mitra, Independent Director
Shailesh Vishnubhai Haribhakti, Independent Director
Sahil Barua, Independent Director
Anand Daniel, Nominee Director (Non-Executive)
Sumer Juneja, Nominee Director (Non-Executive)
Ashutosh Sharma, Nominee Director (Non-Executive)
Roger Clark Rabalais, Nominee Director (Non-Executive)
Swiggy IPO Listing Live Update at 9:29 am: What Swiggy said on CCI probe for anti-competitive practices
In a statement, Swiggy said media reports of the Competition Commission of India's (CCI) investigation into Swiggy confuse the investigative process with the final outcome and are misleading.
"Based on the order of the CCI dated April 5, 2022, the Director General investigated certain aspects of the conduct of our business and its inquiry and report of March 2024 is a preliminary step in an ongoing investigation by the CCI, and not a final decision as some reports suggest," Swiggy said.
Swiggy IPO Listing Live Update at 9:21 am: What services does Swiggy offer?
Food delivery under Swiggy
Delivery of household items under Instamart
restaurant reservations under Dineout
Event bookings under SteppinOut
Pick-up and drop-off services under Genie
Hyperlocal commerce under Swiggy Minis
Swiggy IPO Listing Live Update at 9:15 am: How will the company use fresh issue proceeds?
Invest in its subsidiary - Scootsy
Invest in technology and cloud infrastructure
Brand marketing and business promotion
Fund inorganic growth through acquisitions
General corporate expenses.
Swiggy IPO Listing Live Update at 9:02 am: Financials
Particulars
FY22
FY23
FY24
Revenue
₹5,704 crore
₹8,264 crore
₹11,247 crore
Net Loss
₹3,628 crore
₹4,179 crore
₹2,350 crore
Swiggy IPO Listing LIVE: Shares of Swiggy Ltd, a food delivery and quick-commerce giant, will be listed on the National Stock Exchange (NSE) and the BSE on Wednesday, November 13.
The ₹11,327 crore initial share sale had got bids for more than 57.53 crore shares against 16,01,09,703 shares on offer, leading to 3.59 times subscription.
Before the public offer, the company had raised ₹5,085 crore from anchor investors.
Swiggy IPO consisted of a new offering of equity shares valued at ₹4,499 crore and an offer for sale (OFS) of ₹6,828 crore.
The company intends to use the fresh issue proceeds to invest in a subsidiary, technology and cloud infrastructure, brand marketing and business promotion, and debt payment. Funds will also be used for inorganic growth and general corporate purposes.