Swiggy IPO: Date, Subscription Status, GMP, Details

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by Ankita Lodh on 6 November 2024, 3 minutes min read

The subscription period for India’s well-known food delivery app Swiggy’s initial public offering (IPO) begins on November 6, 2024, and ends on November 8, 2024.

Swiggy’s IPO is a ₹11,327.43 crore book-built offering. The offering consists of a 17.51 crore share offer for sale, totalling ₹6,828.43 crores, and a fresh issue of 11.54 crore shares, totalling ₹4,499.00 crores. It is anticipated that the Swiggy IPO allocation will be listed on BSE and NSE on November 13, 2024.

Swiggy IPO details

IPO Date	November 6, 2024 to November 8, 2024
Listing Date	November 13, 2024
Face Value	₹1 per share
Price Band	₹371 to ₹390 per share
Lot Size	38 Shares
Total Issue Size	290,446,837 shares (aggregating up to ₹11,327.43 Cr)
Fresh Issue	115,358,974 shares (aggregating up to ₹4,499.00 Cr)
Offer for Sale	175,087,863 shares of ₹1 (aggregating up to ₹6,828.43 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	2,123,066,748
Share holding post issue	2,238,425,722

For more information, check out the Swiggy IPO RHP.

GMP of Swiggy IPO

Swiggy IPO GMP today is at ₹11 per share in the grey market. The retail component of the book construction issue was subscribed 0.25 times, the NII portion was subscribed 0.02 times, and the public issue was booked 0.05 times by 11:15 AM on the first day of bidding.

Swiggy Financials


Period Ended	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
Revenue	3,310.11	11,634.35	8,714.45	6,119.78
Profit After Tax	-611.01	-2,350.24	-4,179.31	-3,628.9
Net Worth	7,444.99	7,791.46	9,056.61	12,266.91
Reserves and Surplus	-7,750.85	-7,880.85	-6,510.34	-3,311.1

Objects of the IPO issue

The company plans to allocate the Net Proceeds across several strategic initiatives. These include providing financial support to its Material Subsidiary, Scootsy, by helping repay its debts and expanding its Quick Commerce segment through the establishment and leasing of Dark Store networks.

The funds will also be invested in enhancing the company’s technological capabilities and cloud infrastructure. Additionally, the company intends to strengthen its market presence by investing in brand marketing and promotional activities to increase platform visibility across all segments.

Finally, a portion of the proceeds will be reserved for potential unidentified acquisitions and general corporate purposes, supporting the company’s inorganic growth strategy.

About Swiggy

Founded in 2014, Swiggy Limited offers its customers a user-friendly platform that they can access through a single app to search, choose, order, and pay for groceries and household goods (Instamart), food (Food Delivery), and have their orders delivered to their homes through a network of on-demand delivery partners.

Want to apply for Swiggy IPO? Click here!

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