10 Things to Know About Swiggy’s IPO

IPO Overview 

IPO Date: November 6 - 8, 2024 Lot Size: 38 shares per lot

IPO Details

Price Band: ₹371 - ₹390 per share Listing 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 

Learn More About the Swiggy IPO 

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