Swiggy Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Swiggy Ltd

  • 06 Nov 2024 to 08 Nov 2024
  • Issue Type: Book Building
  • DRHP
₹ 371 - ₹ 390

Price Band/ Share

₹ 11,327.43 Cr

Issue Size

₹ 14,820

Min Investment

-

Times Subscribed

38

Lot size

Time Line

  • 06
    Nov 2024
    Open
  • 08
    Nov 2024
    Close
  • 11
    Nov 2024
    Finalisation of Basis of Allotment
  • 12
    Nov 2024
    Initiation of Refunds
  • 12
    Nov 2024
    Transfer of Shares to Demat Account
  • 13
    Nov 2024
    Listing Date

Objects of the Offer

  • Retain and grow user base by expanding our offerings and growing our partner network.

  • Expand Dark Store footprint and basket-sizes for Quick Commerce.

  • Improve our contribution margin by scaling our operations, and expanding high margin offerings and revenue streams.

  • Invest in our technology backbone and optimise our last-mile network to enable efficient scaling of operations to service more users.

  • Invest to enhance our brand recall, improve traffic on our app, and increase engagement across businesses.

Strengths

  • Pioneers of high-frequency hyperlocal commerce categories driven by an innovation-led culture.

  • A consistently growing network of users.

  • Rising user engagement on our platform.

  • "Swiggy" brand delivered through a unified app with consistent user experience.

  • A preferred choice for restaurant partners, merchant partners, brand partners and delivery partners.

Risks

  • The company has incurred net losses in each year since incorporation and have negative cash flows from operations. If the company is unable to generate adequate revenue growth and manage its expenses and cash flows, the company may continue to incur significant losses.

  • If the company fails to retain its existing user base or fails to acquire new users in a cost-effective manner, its business, financial condition and results of operations could be adversely affected.

  • Attracting and retaining delivery partners is critical to its business, and failures to do so in a cost-effective way may have an adverse effect on its business, financial condition and results of operations.

  • If the company fails to retain its existing or acquire additional restaurant partners, merchant partners and brand partners in a cost-effective manner, its business, financial condition and results of operations could be adversely affected. Further, if partners on its platform try to pass on increased operating costs to users, users may decrease the frequency with which they interact on its platform and order volumes on the company platform may decline.

  • Managing its Dark Stores is critical to the company Quick Commerce business and failures to do so in a cost-effective way may have an adverse effect on its business, financial condition and results of operations.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 5,704.90 (-) 8,264.60 (44.90%) 11,247.39 (36.10%)
Gross Profit -3,458.81 (-) -3,893.52 (-12.60%) -1,929.66 (50.40%)
Net Income -3,628.90 (-) -4,179.31 (-15.20%) -2,350.24 (43.80%)
Assets 12,821.43 (-) 9,732.14 (-24.10%) 8,723.77 (-10.40%)
Liabilities 554.52 (-) 675.53 (21.80%) 932.31 (38.00%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Swiggy Ltd 11,247.39 -2,350.24 8,723.77 932.31 -30.16 -780.81 -2,585.32 1.67 0.10
Zomato Ltd 12,114.00 351.00 23,356.00 23,356.00 1.71 0.41 23.51 1.50 0.00

Book Running Managers

  • Kotak Mahindra Capital Company Ltd
  • J.P.Morgan India Pvt Ltd
  • Citigroup Global Markets India Pvt Ltd
  • BofA Securities India Ltd
  • Jefferies India Pvt Ltd
  • ICICI Securities Ltd
  • Avendus Capital Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

55 Sy.#8-14 Grnd Flr I&J Block,
Embassy Tech (V) ORR Devarbis,
Bangalore - 560103
Phone : +91 95907 56603 Email : secretarial@swiggy.in www.swiggy.com

Offer Related Information

Initial public offering of up to [*] equity shares of face value of Re. 1 each ("Equity Shares") of Swiggy Limited (The "Company" or the "Company") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share)("Offer Price") aggregating up to Rs. [*] crores (the "Offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 4499.00 crores (the "Fresh Issue") and an offer for sale of up to 175,087,863 equity shares aggregating up to Rs.... More

News

  • No Data Found.

Swiggy Ltd FAQ's

The shares of Swiggy Ltd were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Swiggy Ltd IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Swiggy Ltd public issue was 125 shares.

The price band of the IPO of Swiggy Ltd was Rs. 114 to Rs. 120 per equity share.

Swiggy Ltd IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Swiggy Ltd IPO.

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