Swiggy, Afcons Infra lock-in period to ends today, check details

Food delivery giant Swiggy and Afcon Infrastructure, a subsidiary of Shapoorji Pallonji Group (SP Group), are slated to have their lock-ins lifted on Wednesday, January 29.

Swiggy’s shares were listed on November 13, 2024, with an issue price of ₹390. The lock-in period for the company expires on January 29 and 31.

Lock-in periods prohibit founders, promoters, and other early backers of the company, as insiders, from selling or transferring shares during the initial public offering (IPO) period, when they might have advantageous company information that outside investors don't. This period might last 90 days or even several years after the IPO.

Swiggy reported a marginal narrowing in its consolidated net loss in the second quarter of financial year 2025 (Q2FY25) to ₹625.5 crore from ₹657 crore a year ago. But sequentially, the loss was up as the company had reported a consolidated loss of ₹611 crore in the first quarter of FY25.

Swiggy saw robust growth in its food delivery and quick commerce verticals during the quarter under review.

On the other hand, Afcons Infrastructure reported a 30% surge in its consolidated net profit to ₹135.43 crore for the September quarter. In the year-ago period, the post-tax profit stood at ₹104.8 crore, the company said in an exchange filing.

The company's expenses declined 11.45% year-on-year to ₹2,898.90 crore in Q2 FY24 from ₹3,273.96 crore a year back.