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:
- India's food services market is projected to nearly double ₹9 trillion by 2030, fuelled by expanding customer bases and increased dining occasions.
- 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
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Swiggy achieved 42.4% revenue growth from FY 2022 to 2023.
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Swiggy operates in over 500 cities across India effectively.
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The company employs 48,000 staff and 200,000 delivery executives.
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Swiggy expands with innovative services like Instamart and Genie.
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Swiggy uses advanced machine learning for a seamless user experience.
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Strong partnerships with numerous restaurants boost Swiggy's market presence.
Risks
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Swiggy's losses increased by 15% from FY 2022 to 2023.
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Intense competition from Zomato, Zepto, and new market entrants.
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Swiggy's brand recognition remains lower than major industry competitors.
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Heavy reliance on revenue from the top 50 Indian cities.
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Growing consumer preference for homemade food threatens Swiggy's demand.
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Swiggy faces potential challenges with changing food delivery regulations.
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Swiggy IPO FAQs
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Swiggy IPO is a book-built IPO. The exact dates and Swiggy IPO price range are yet to be announced.
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The exact Swiggy IPO dates and price range are yet to be announced.
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The IPO subscription window is not announced yet.
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Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.
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The exact date is not announced yet.
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Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
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You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
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You can submit only one application using your PAN card.
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To read Swiggy’s financial statements, download the IPO’s prospectus document.