Swiggy Ltd
Consumer InternetListedIssue Size: ₹11,327 CrPrice Band: ₹371-390Exchange: NSE & BSE
About the Company
Swiggy Limited is India's leading on-demand convenience platform operating food delivery, Instamart (quick commerce), and Dineout (restaurant discovery). It operates across 680+ cities.
Business Model
Swiggy monetises through platform commissions, delivery fees, advertising, and subscription (Swiggy One). Instamart (dark store quick commerce) is the fastest-growing segment.
Promoters
No identifiable promoter; primarily VC/PE backed (Prosus, SoftBank, Accel, CPPIB).
Key Strengths
- Market leader in food delivery with strong brand recognition
- Instamart scaling rapidly — competing with Blinkit
- Diversified revenue: food, quick commerce, Dineout
- Large and growing quick commerce market
- Experienced founding team and management
Key Risks
- Loss-making company; path to profitability uncertain
- Intense competition from Zomato/Blinkit
- Unit economics of quick commerce are challenging
- Regulatory risks around gig worker classification
- High cash burn in dark store expansion
Use of Proceeds
Investment in Scootsy (Dark Stores)28.2%
Technology & Infrastructure18.4%
Brand Marketing12.6%
General Corporate Purposes12.8%
OFS28%
IPO Details
Issue Size
₹11,327 Cr
Fresh Issue
₹4,499 Cr
OFS
₹6,828 Cr
Price Band
₹371-390
Lot Size
38 shares
Min Investment
₹14,820
Exchange
NSE & BSE
Registrar
Link Intime India Pvt Ltd
Open Date
Nov 6, 2024
Close Date
Nov 8, 2024
Allotment
Nov 11, 2024
Listing Date
Nov 13, 2024
Lead Managers
Kotak Mahindra CapitalGoldman Sachs IndiaICICI SecuritiesBofA SecuritiesJ.P. Morgan India
Subscription Status
QIB3.59x
NII (HNI)0.41x
Retail0.39x
Employee1.18x
Overall1.80x