IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

₹10,400.00 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

About Swiggy IPO

Swiggy Limited, established in 2012, is India’s only pure-play B2C e-commerce logistics solutions provider. It operates a comprehensive pan-India express logistics network.

The company offers first-mile pick-up, mid-mile transportation, last-mile delivery, reverse logistics, and fulfilment services, connecting digital retailers and e-commerce platforms to consumers nationwide. Swiggy covers over 27,000 PIN codes, accounting for 97% of India’s population, with a strong focus on Tier 2+ regions.

The company has evolved alongside India’s e-commerce market, handling over 2 billion shipments since its incorporation in 2013. Annual shipment growth was 33.46% between FY2020 and FY2024.

Leveraging a technology-driven, asset-light business model, Swiggy operates 317 leased facilities and 3,421 delivery centres, with a significant portion of deliveries completed by a gig workforce. This approach has reduced their cost per shipment to ₹39.65 in FY2024. As of March 2023, Swiggy has over 48,000 employees.

Swiggy provides tailored logistics solutions, including B2C express logistics, same-day deliveries, reverse logistics, heavy shipments, fulfilment services, quick commerce warehousing, and modular solutions.

Their robust technology architecture enhances operational efficiency, allowing them to maintain long-standing relationships with customers such as Amazon, Meesho, Nykaa, and others. As of March 31, 2024, the company served 6,384 active customers.

Industry Outlook:

  1. India's food services market is projected to nearly double ₹9 trillion by 2030, fuelled by expanding customer bases and increased dining occasions.
  2. Online food delivery is expected to grow at an 18% CAGR, increasing its market share from 8% to 20% by 2030.

Swiggy IPO Objectives

The objectives of Swiggy's IPO have not yet been disclosed.

Peer Details

The only listed company considered by Swiggy as its peers is Zomato Limited.

How to Check the Allotment Status of the Swiggy IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

IPO Financials

Particulars Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue (in ₹ crore) 8,714.5 6,119.8
Profit After Tax (PAT) (in ₹ crore) -4,179.3 -3,628.9
Expenses (in ₹ crore) 12,884.4 9,574.5
Revenue Growth (%) 42.4% -
Profit Growth (%) 15% -
EBITDA (in ₹ crore) -3,829 -

Know before investing

Strengths

6

  1. Swiggy achieved 42.4% revenue growth from FY 2022 to 2023.

  2. Swiggy operates in over 500 cities across India effectively.

  3. The company employs 48,000 staff and 200,000 delivery executives.

  4. Swiggy expands with innovative services like Instamart and Genie.

  5. Swiggy uses advanced machine learning for a seamless user experience.

  6. Strong partnerships with numerous restaurants boost Swiggy's market presence.

Risks

6

  1. Swiggy's losses increased by 15% from FY 2022 to 2023.

  2. Intense competition from Zomato, Zepto, and new market entrants.

  3. Swiggy's brand recognition remains lower than major industry competitors.

  4. Heavy reliance on revenue from the top 50 Indian cities.

  5. Growing consumer preference for homemade food threatens Swiggy's demand.

  6. Swiggy faces potential challenges with changing food delivery regulations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
Play Button

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Play Button

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Swiggy IPO FAQs

What is Swiggy IPO?

Swiggy IPO is a book-built IPO. The exact dates and Swiggy IPO price range are yet to be announced. 

When will Swiggy IPO be allotted?

The exact Swiggy IPO dates and price range are yet to be announced. 

When will Swiggy IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.

When will Swiggy Limited list on exchanges?

The exact date is not announced yet.

What would be the listing gains on the Swiggy Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How do I approve the UPI mandate request for Swiggy Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Swiggy Limited using one PAN?

You can submit only one application using your PAN card.

How to read Swiggy Limited's financial statements?

To read Swiggy’s financial statements, download the IPO’s prospectus document.