Swiggy IPO – Find Issue Date, Price, Lot Size & Complete Details

Since its inception in 2014, Swiggy has become a pioneering force in India’s rapidly expanding on-demand delivery market. Through a user-friendly app that connects millions to diverse services like food, groceries, and logistics, Swiggy is setting new standards for convenience across urban India. With an Initial Public Offering (IPO) anticipated in November 2024, the company offers an appealing investment prospect for prospective shareholders.

Let’s dive into the Swiggy IPO and how HDFC Sky’s ‘One-Click IPO’ tool makes investing effortless, allowing you to easily participate in this exciting growth opportunity in the on-demand delivery market.  Investors looking to participate can start with first step, which is open demat account online.  

Swiggy IPO Overview

Scheduled from November 6 to November 8, 2024, the Swiggy IPO aims to raise a substantial total of ₹11,327.43 crores. This comprises a fresh issue worth ₹4,499 crores and an offer for sale amounting to ₹6,828.43 crores.

Key Dates for the Swiggy IPO

Delivery trading in the context of the Swiggy IPO allows investors to purchase shares and hold them in their demat accounts, providing the potential for long-term capital appreciation as the company continues to grow in the competitive automotive market.

Financial Insights

Swiggy’s financial performance showcases a mix of challenges and growth. The company’s total assets have seen a significant decline, decreasing from ₹14,405.74 crore in FY 2022 to ₹10,341.24 crore by June 2024. This drop may suggest ongoing restructuring or optimization efforts. Conversely, revenue has shown a positive trend, climbing from ₹6,119.78 crore in FY 2022 to ₹11,634.35 crore in FY 2024, marking a notable 34% year-over-year increase, with ₹3,310.11 crore reported in June 2024.

Despite these improvements in revenue, the Profit After Tax (PAT) has remained negative but has demonstrated some progress, as losses decreased from ₹4,179.31 crore in FY 2023 to ₹2,350.24 crore in FY 2024, further narrowing to a loss of ₹611.01 crore by June 2024. Meanwhile, the net worth of the company has contracted from ₹12,266.91 crore in FY 2022 to ₹7,444.99 crore by June 2024, reflecting the strain on equity due to ongoing financial losses. The reserves and surplus also reflect a downward trend, dropping to ₹-7,750.85 crore in June 2024 from ₹-3,311.1 crore in FY 2022, which indicates accumulated losses that have negatively impacted reserves.

On a positive note, total borrowing has increased from ₹211.19 crore in FY 2024 to ₹256.61 crore by June 2024, suggesting that while the company is increasing its borrowing, it is doing so minimally in relation to its total assets.

Swiggy: Company Highlights

Company Profile

Swiggy operates as a consumer-centric technology firm, delivering a unified experience through its versatile app. Users can effortlessly order food, groceries, and household necessities, reserve tables, and access various other services such as event bookings and logistics.

Innovations and Features

• Diverse Offerings: The app encompasses multiple services, including Food Delivery, Instamart, Dineout, and Genie, ensuring users have a one-stop solution for their convenience needs.
• Loyalty Programs: The “Swiggy One” membership offers discounts, and features like “Swiggy Money” and UPI payments simplify transactions.
• Partner Support: Swiggy provides business partners with analytics tools and last-mile delivery solutions, enhancing operational efficiency.

Recognition

In Kantar’s 2024 BrandZ report, Swiggy was lauded as India’s leading brand in the Consumer Technology & Services sector, a testament to its market influence and user engagement.

Risks to Consider

Despite the promising outlook, potential investors should be mindful of the risks involved:

• Persistent net losses and negative cash flows could impact profitability.
• Competitive pressures could affect user acquisition and retention.
• Maintaining robust partnerships with restaurants and merchants is vital.
• Effective management of the Dark Stores is crucial for service continuity.
• Regulatory changes in the e-commerce landscape could disrupt operations.

Investors should consider both strengths and risks before deciding. The Intraday app allows quick buying and selling of shares within the same trading day, enabling profits from market fluctuations and leveraging the company’s dynamic stock performance.

Future Growth Vision

Swiggy is poised for continued growth with plans to:

• Broaden its service offerings and expand partner networks.
• Increase the Dark Store footprint to improve delivery efficiency.
• Focus on scaling high-margin services to enhance profit margins.
• Optimize technology for better last-mile delivery.
• Leverage targeted marketing strategies to boost brand recognition and user engagement.

Objectives Behind the IPO

The proceeds from the IPO will be strategically allocated to various initiatives, including:

• Repaying borrowings associated with Scootsy.
• Expanding the Dark Store network to enhance quick commerce operations.
• Upgrading technology and cloud infrastructure.
• Funding brand marketing initiatives to elevate platform visibility.
• Supporting inorganic growth through acquisitions and other corporate objectives.

Investment Strategy with HDFC Sky

Investors looking to participate in Swiggy’s IPO can take advantage of HDFC Sky’s One-Click IPO feature, designed to simplify the application process.

Steps to Apply for the IPO

1. Login to HDFC Sky: Enter your credentials to access your account.
2. Access the IPO Section: Click on “IPO” under “Indian Stocks” in your profile.
3. Choose Swiggy IPO: Find Swiggy on the IPO list and select “Apply Now.”
4. Submit Your Bid: Enter your bid amount and customize as needed.
5. Select Payment Method: Opt for UPI as your payment option.
6. Authorize Payment: Use your UPI app to approve the transaction.
7. Complete Your Application: Place your order to finalize your application.

Benefits of HDFC Sky’s One-Click IPO

• Streamlined Application: Minimal paperwork for quick submissions.
• Real-Time Notifications: Stay updated with instant alerts on your application status and refunds.
• Centralized Management: Manage all IPO investments seamlessly on one platform.
• Flexibility: Apply from anywhere via the HDFC Sky app or portal.

The Swiggy IPO presents a compelling investment opportunity for those looking to capitalize on the burgeoning on-demand delivery market. With HDFC Sky’s efficient application process, investing has never been more accessible. Don’t let this opportunity pass you by!