Swiggy IPO
Swiggy IPO — date, price band, lot size & details 2024
Swiggy listed on 13 Nov 2024 at ₹420, 7.7% above the ₹390 issue price.
Swiggy is a consumer-first technology company offering food delivery, quick commerce through Instamart, and other convenience services. Its total income was Rs 11,634.35 crore in FY2024.
Stock price
Swiggy is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 06 Nov 2024
- Close 08 Nov 2024
- Allotment 11 Nov 2024
- Refund/credit 12 Nov 2024
- Listing 13 Nov 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 8 Nov, 2024 |
|---|---|
| Price Band | ₹371 – ₹390 |
| Face Value | ₹1 |
| Lot Size | 38 Shares |
| Issue Size | ₹11327.43 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 25.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,820 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 38 shares at the ₹390 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 38 | ₹14,820 |
| Retail (max) | 13 | 494 | ₹1,92,660 |
| S-HNI (min) | 14 | 532 | ₹2,07,480 |
| S-HNI (max) | 67 | 2,546 | ₹9,92,940 |
| B-HNI (min) | 68 | 2,584 | ₹10,07,760 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 6,119.78 crore in FY2022 to Rs 11,634.35 crore in FY2024.
- 02The loss narrowed from Rs 4,179.31 crore in FY2023 to Rs 2,350.24 crore in FY2024.
- 03Rs 4,499.51 crore of the issue was fresh capital for growth.
- 04Borrowing was low at Rs 256.61 crore on 30 June 2024.
- 05Net worth was Rs 7,444.99 crore on 30 June 2024.
Risks · 5
- 01The company made large losses in every year shown, including Rs 611.01 crore in the three months to 30 June 2024.
- 02With losses, the P/E was negative, and the market value at Rs 390 was Rs 87,298.60 crore.
- 03Rs 6,827.92 crore of the issue was offer for sale.
- 04Food delivery and quick commerce are highly competitive and need heavy spending. Net worth fell from Rs 12,266.91 crore in FY2022.
- 05The company has no identifiable promoter, and its return on net worth was -8.21% as per the source.
Three years of numbers
All figures in ₹ crore, as reported in the Swiggy offer document.
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 10,341.24 | 10,529.42 | 11,280.65 | 14,405.74 |
| Total Income | 3,310.11 | 11,634.35 | 8,714.45 | 6,119.78 |
| Profit After Tax | -611.01 | -2,350.24 | -4,179.31 | -3,628.90 |
| NET Worth | 7,444.99 | 7,791.46 | 9,056.61 | 12,266.91 |
| Total Borrowing | 256.61 | 211.19 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Swiggy RHP.
Where the money goes
₹4,358.98 Cr of the issue is earmarked to named objects.
About the company
Users can browse, select, order and pay for food, groceries and household items, and have them delivered to their doorstep through its delivery partners. Its main segments are food delivery and quick commerce.
The company has no identifiable promoter.
The IPO was Rs 11,327.43 crore, with Rs 4,499.51 crore of fresh issue and Rs 6,827.92 crore of offer for sale by investors and other shareholders. Fresh money was planned for technology, brand marketing, quick commerce dark stores and repaying debt of a subsidiary.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Swiggy IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Avendus Capital
8 issues handledBest listing: FirstCry (+40.0%). Weakest: Symbiotec Pharmalab (0.0%).
Kotak Mahindra Capital Company Limited
88 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
Jefferies India Private Limited
34 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Bofa Securities India Limited
23 issues handledBest listing: Tata Technologies (+140.0%). Weakest: LIC (-8.1%).
JP Morgan India Pvt. Ltd
22 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
Citigroup Global Markets India Pvt. Ltd
27 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Kalyan Jewellers India (-15.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Swiggy?
The current Grey Market Premium is ₹1.
What is the Swiggy IPO price band?
₹371 to ₹390, on a face value of ₹1.
When is the allotment?
The basis of allotment is 11 November 2024, with listing on 13 November 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
