Swiggy IPO is a book built issue. The issue comprises of fresh issue of Rs 3,750.00 crore and offer for sale of 18.53 crore shares

Key Details:

• Issue Type: Main Board IPO
• Issue Size: Up to ₹10,400 crores (including a fresh issue of up to ₹3,750 crores and an offer-for-sale of up to ₹6,664 crores)
• Price Band: Yet to be announced
• Issue Open Date: Yet to be announced
• Issue Close Date: Yet to be announced
• Expected Listing Date: Yet to be announced
• Lead Managers: To be announced
• Registrar: Kfin Technologies Limited

Timeline

IPO Open Date:	Yet to be announced
IPO Close Date:	Yet to be announced
Basis of Allotment:	Yet to be announced
Refunds:	Yet to be announced
Credit to Demat Account:	Yet to be announced
IPO Listing Date:	Yet to be announced

About Company

Swiggy Limited is a leading food delivery platform in India. It connects customers with a wide range of restaurants, enabling them to order food online and have it delivered to their doorstep.

Core Business:

• Food Delivery: Swiggy’s primary business is providing food delivery services.
• Quick Commerce: The company has also expanded into quick commerce, offering delivery of groceries and other essential items within minutes.

Market Position:

• Swiggy is one of the leading food delivery platforms in India, competing with Zomato.
• The company has a strong presence in major cities across India and continues to expand its reach.

Future Outlook:

• The online food delivery market in India is expected to grow significantly, driven by urbanization and changing consumer preferences.
• Swiggy is well-positioned to capitalize on this growth, with its strong brand recognition and extensive network of restaurants and delivery partners.
• The company may also explore new business opportunities, such as expanding into grocery delivery or other related services.

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Objective

The primary objectives of the Swiggy Limited IPO are:

• Raising Capital: The company aims to raise up to ₹10,400 crores through the IPO, which will be used for:
  • Expansion: Funding the expansion of its operations, including the growth of Instamart, its quick commerce arm, and strengthening its technology infrastructure.
  • Debt Repayment: Repaying or pre-paying borrowings of its subsidiary, Scootsy Logistics Private Limited.
  • Marketing and Business Promotion: Investing in marketing and brand awareness initiatives.
  • General Corporate Purposes: Supporting other growth initiatives and strategic investments.
• Brand Visibility: The IPO will increase the visibility of Swiggy among investors and the general public, enhancing its brand recognition and credibility.
• Part Exit for Existing Shareholders: The IPO includes an Offer for Sale (OFS) component, allowing existing shareholders to partially exit their investment.

By achieving these objectives, Swiggy Limited aims to strengthen its financial position, expand its business, and enhance its market presence.

POSITIVE

• Market Leader: Swiggy is one of the leading food delivery platforms in India with a strong brand presence.
• Growth Potential: The online food delivery market in India is expected to continue growing, providing opportunities for expansion.
• Diverse Offerings: Swiggy has expanded its services to include quick commerce, offering a wider range of products and services.

NEGATIVE

• Competition: The food delivery market is highly competitive, with players like Zomato and Dunzo.
• Operational Costs: Food delivery involves significant operational costs, such as delivery personnel, fuel, and technology.
• Regulatory Challenges: The food delivery industry may face regulatory challenges related to labor practices, food safety, and pricing.

Financial Review of Swiggy Limited IPO

So, How Does Swiggy Limited IPO Fare in Terms of 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
Total Borrowing	256.61	211.19
Amount in ₹ Crore

Swiggy Limited IPO Valuation :

KPI	Values
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SWOT Analysis: Swiggy Limited IPO

Strengths

• Strong Brand Recognition: Swiggy has established itself as a leading food delivery platform in India.
• Wide Network of Restaurants: The company has partnerships with a vast network of restaurants, offering customers a wide variety of cuisines and options.
• Technology Infrastructure: Swiggy has invested in technology to optimize its operations, including efficient routing algorithms and real-time tracking of orders.
• Quick Commerce Expansion: The company’s foray into quick commerce (Instamart) has diversified its revenue streams and opened up new growth opportunities.

Weaknesses

• High Operational Costs: Food delivery involves significant operational costs, such as delivery personnel, fuel, and technology infrastructure.
• Dependency on Third-Party Restaurants: Swiggy’s business model relies on third-party restaurants, which can impact its control over quality and pricing.
• Regulatory Challenges: The food delivery industry may face regulatory challenges related to labor practices, food safety, and pricing.

Opportunities

• Growing Market: The online food delivery market in India is expected to continue growing, driven by urbanization and changing consumer preferences.
• Expansion into New Cities: Swiggy can expand its operations to new cities and regions to capture a larger market share.
• Product Diversification: The company can explore new product offerings, such as grocery delivery or meal kits.

Threats

• Intense Competition: The food delivery market is highly competitive, with players like Zomato and Dunzo.
• Economic Downturns: A slowdown in the economy can impact consumer spending and reduce demand for food delivery services.
• Technological Disruptions: New technologies or business models could disrupt the food delivery industry.

COMPETITIVE ANALYSIS: MARKET PEERS

Swiggy’s primary competitors in the Indian food delivery market include:

Key Competitors

• Zomato: Another leading food delivery platform in India, offering similar services to Swiggy.
• Dunzo: A multi-category delivery platform that also offers food delivery services.
• Uber Eats: A global food delivery platform operated by Uber.
• Blinkit: A quick commerce platform that

Swiggy Limited IPO GMP

• Grey market premium as on DD-MM-YYYY = ₹ / Share

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Swiggy Limited IPO

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DD/MM/YYYY 10:00 AM

	NO OF SHARES OFFERED
Qualified Institutional Buyers(QIBs)
Non Institutional Investors(NIIs)
Retail Individual Investors(RIIs)
Employees
Total

FINAL TAKEAWAY

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