IPO Date: November 6 - 8, 2024Lot Size: 38 shares per lot
IPO Details
Price Band: ₹371 - ₹390 per shareListing Date: Scheduled for November 13, 2024
About Swiggy
Founded in 2013, Swiggy is one of India’s leading players in food delivery and quick commerce services, revolutionizing the way people order food and groceries online.
Business Segments
Swiggy operates five main segments: food delivery, grocery delivery (Instamart), logistics, and more.
Revenue Sources
Swiggy earns through commissions, ad placements, platform fees, and Swiggy One memberships.
Financial Highlights
Revenue Growth: 34% increase in FY 2024.Profit Increase: 44% rise in profits during FY 2024.
IPO Fund Utilization
Swiggy plans to use IPO proceeds for technology enhancements and expanding its reach across more markets.
Market Opportunity
The IPO aligns with India’s rapidly growing online food and grocery delivery sector, supporting Swiggy’s growth.
Competitor Landscape
Swiggy faces competition from major players like Zomato and new entrants in the quick commerce space