Swiggy IPO: All you need to know!

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Swiggy’s all set to hit the stock market menu! That’s right, India’s favorite delivery giant is stepping up with its Initial Public Offering (IPO) this November. If you’ve ever waited eagerly for your order to go from “preparing” to “out for delivery,” this time, you could be a part of Swiggy’s journey in a whole new way.

IPO at a Glance

Just like your favorite meal, here’s everything you need to know, served hot and fresh:

• IPO Opening Date: November 6, 2024

• Closing Date: November 8, 2024

• Price Band: ₹371-₹390 per share

• Allotment Date: November 11, 2024

• Demat Credit: November 12, 2024

• Listing Date: November 13, 2024

And get this—the IPO is valued at a whopping ₹11,327 crore, with fresh shares worth ₹4,499 crore and an offer-for-sale (OFS) portion of 17.51 crore shares valued at ₹6,828.43 crore. For the numbers people out there, that’s some serious dough!

A Little Extra on the Side: Allocation

Much like their multi-restaurant food lineup, Swiggy’s got something for everyone here too. Shares are divided with 75% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and a tasty 10% reserved for retail investors like you. Some big-name investors, including Accel India IV (Mauritius) and Tencent Cloud Europe, will also be offloading their shares through this offer-for-sale.

The Recipe for Growth: How Swiggy Plans to Use the Funds

Swiggy has whipped up a plan for all the IPO proceeds, and it’s as strategic as your late-night food cravings:

• Expanding Dark Stores: Swiggy’s setting aside ₹755.4 crore to add new “dark stores”—the mysterious, behind-the-scenes storage spots powering its quick commerce segment.

• Lease & Licensing Payments: An additional ₹423.3 crore will go towards leasing and licensing to keep those stores running smoothly.

• Boosting Tech & Cloud Infrastructure: Swiggy’s dedicating ₹703.4 crore to fortify its tech game. Think faster load times, fewer app crashes, and an even more seamless experience.

• Marketing & Business Growth: With the rest of the funds, Swiggy’s focusing on marketing and potential acquisitions. This is where your food delivery addiction pays off—they’re reinvesting in keeping you hooked.

Behind the Brand: How Swiggy’s More Than Just Food Delivery

Started in 2014, Swiggy has been our loyal food sidekick, always ready with that “your order is on the way” notification. But now, they’re more than just meals. They entered the quick commerce game in 2020, delivering groceries, essentials, and even providing parcel deliveries via Swiggy Genie. On top of that, you can now reserve tables with Dineout and book events with SteppinOut, proving that Swiggy’s always down to “step out” of its comfort zone!

For the quarter ending June 30, 2024, Swiggy clocked in a consolidated gross revenue of ₹3,477 crore, showing they’re serious about their spot in India’s delivery landscape.

So, what’s on your plate? Ready to add Swiggy to your investment portfolio? This IPO might just be the next big thing to satisfy that craving for growth. This content is for educational purpose only, read the DRHP for more details about the IPO and to make an informed decision.

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