SWIGGY IPO

TASTY OR NOT..?

Swiggy is a Bangalore based company engaged in the food delivery industry in India. The company started in August 2014, featuring in their unique quality, variety, reliability, and consistency. Swiggy operates in around 600 cities and aims to create a B2C (business-to-consumer) marketplace platform with various restaurant and merchant partners offering different foods. In terms of financial reports, Swiggy’s gross revenue was 17,296.30 in 2024, compared to 14,545.32 in the previous year ending on 30th June. Revenue from operations was 112,473.90 for the financial year 2024, 112,473.90 for 2023, and 57,048.97 for 2022.

The company reported a loss of ₹2,350.24 crores in 2024 against a loss of ₹4,179.31 crores in 2023.  They are reducing their losses consistently for the past three years.

ISSUE SIZE                                       :             Rs.11327 Cr. (approx..)

IPO Opening date                          :             Novmber 6, 2024

IPO Closing on                                :             Novmber 8, 2024

Allotment date                               :            Novmber 11, 2024

Refund date                                    :             Novmber 12, 2024

Listing date                                     :             Novmber 13, 2024

GMP                                                 :             Rs.300/- (approx..)

Price band of the issue 371-390 and the lot size is 38 for retail investors.

AmbooLi.com impression on the issue:  Highly risk averse investors may choose to subscribe the issue in consultation with their financial adviser. 

Disclaimer: AmbooLi.com or its directors individually or collectively take no responsibility on the accuracy of the data presented above.  Prospective investors are advised to go through the RHP filed by the company before applying for the IPO.

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