Swiggy Limited IPO Opens On November 06. Check IPO Details Issue Date Price

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Swiggy Limited IPO Opens On November 06. Check IPO Details Issue Date Price

November 05, 2024
Swiggy Limited IPO Opens On November 06. Check IPO Details Issue Date Price

Swiggy Limited is coming out with a fresh public issue to raise Rs. 11,327.43 crores from the market.

Below are the details of the Swiggy Limited IPO:

  • Issue opens – November 06 (Wednesday)
  • Issue closes – November 08 (Friday)
  • Issue size – Rs. 11,327.43 crores
  • Price band – Rs. 371 - 390 per equity share
  • Bid lot – 38 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Swiggy is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app - to browse, select, order and pay for food (“Food Delivery”), grocery and household items (“Instamart”), and have their orders delivered to their doorstep through their on-demand delivery partner network.
  • Their platform can be used to make restaurant reservations (“Dineout”) and for events bookings (“SteppinOut”), avail product pick-up/ dropoff services (“Genie”) and engage in other hyperlocal commerce (Swiggy Minis, among others) activities.
  • They augment the value proposition to users through their membership programme called “Swiggy One” providing discounts and offers; in-app payment solutions like digital wallet “Swiggy Money” (a pre-paid payments instrument), “Swiggy UPI”, and Swiggy[1]HDFC Bank credit card for additional benefits.
  • They offer comprehensive business enablement solutions to restaurant partners, merchant partners (that sell grocery and household items on their platform) and brand partners including their alliance partners such as analytics-backed tools to enhance their online presence and user base; fulfilment services for streamlining their supply chain operations; and last-mile delivery.
  • Swiggy is unique, as it is the only unified app in India that fulfils through its own platform all food and related missions of urban users of ordering-in, eating-out and cooking-at-home, as of June 30, 2024, according to the Redseer Report (section 7, page 19).
  • Their multi-tenanted flexible and scalable technology stack, comprising in-built algorithms and use of third-party software, enables them to integrate their offerings on the platform quickly, resulting in a reduction of costs and time in introducing new offerings in the market.

Issue Size: Rs.11,327.43 Cr.


Employee Reservation: Up to 7,50,000 Equity shares


Employee Discount: Rs. 25 per Equity Share


Issue break-up:

QIB - 75 % of the net offer - Rs. 8,475.04 Cr
NIB - 15 % of the net offer - Rs. 1,695.01 Cr
RET - 10 % of the net offer - Rs. 1,130.01 Cr

Listing: BSE & NSE

Registrar: Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Friday, November 8th, 2024.

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