India’s one of the biggest IPO is announced of the Swiggy Ltd company. Swiggy is one of India’s largest food ordering and delivery companies. Most probably millions of people are going to apply for the IPO. If you also going to apply for it, the Swiggy IPO GMP today may help you to know the investors’ sentiments.
Swiggy Ltd IPO is announced recently which is going to open on 04 Nov 2024, and close on 06 Nov 2024. On Nov 11, 2024, the IPO will be allotted, and on the next day, the money will be refunded to the rest investors who failed to get the IPO. On Nov 13, 2024, the Swiggy Ltd IPO is going to list on the exchanges like NSE and BSE.
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Swiggy IPO GMP Today
Disclaimer: You should not completely rely on the IPO GMP as it is not an accurate indicator, and its trend may change rapidly anytime. Before applying for an IPO, you should check various things like Brokerage or Expert view, Subscription Levels or Status, Risks Involved, Financials, Industry and Market Conditions, Valuations, Company Fundamentals, Promoters and management, etc.
| Date | Live IPO GMP | GMP Trend | Kostak | Subject To |
|---|---|---|---|---|
| 06 Nov, 2024 (Today) | ₹12 | ₹ | ₹ |
About Swiggy Ltd
Swiggy Ltd company was founded in 2014. It is an E-commerce/App Based Aggregator sector company. The primary business of the company is food delivery. As of 2023, the company is present in more than 580 cities of India.
Except for the food ordering and delivery business, the company is also engaged in various related businesses like Swiggy Food for food orders, Swiggy Instamart for grocery and household items, Swiggy Dineout to reserver seats on any listed restaurants, Swiggy Genie for product pickup and pick-off, Swiggy Minis for people to open a store online, and Lynks Logistics.
Swiggy Ltd IPO Details
| IPO Type | Mainboard |
| IPO Open Date | 06 Nov, 2024 |
| IPO Close Date | 08 Nov, 2024 |
| IPO Listing Date | 13 Nov, 2024 |
| IPO Refund Date | 12 Nov, 2024 |
| IPO Allotment Date | 11 Nov, 2024 |
| IPO Demat Credit Date | NA |
| IPO Price Band | ₹371.00 to ₹390.00 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹11,327.43Cr Approx 290,466,837 Equity Shares |
| Fresh Issue | Approx ₹4,499 Crore Approx 115,358,974 Equity Shares |
| Offer For Sale | Approx ₹6,828 Crore Approx 175,087,863 Equity Shares |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 50% |
| Retail Quota | Not More Than 35% |
| Prospectus | Click Here |
FAQs
As of 04 Nov 2024, the Current Swiggy IPO GMP is Rs. 20 and expected to be listed in the NSE and BSE at Rs. 410 i.e. 5-6% premium.
Swiggy Ltd is a good company which is involved in the various business also. In the food delivery company, Swiggy is one of the largest companies. Swiggy’s top competitor is Zomato. In some cases, Swiggy is the largest company but in others Zomato is.
The negative side of the company is, that it is still a loss-making company but in March 2024, the company’s loss was reduced from Rs. 4,179 (March 2023 net loss) Crore to 2,350 Crore. Let’s see how and when Swiggy becomes profitable. Zomato has started making a profit from last year.
Swiggy Ltd is involved in the various business but its primary and most popular business is food ordering and delivery. Also, the company generates most of its revenue from the food delivery business.
The business of the company are Swiggy Food for food orders, Swiggy Instamart for grocery and household items, Swiggy Dineout to reserver seats at any listed restaurants, Swiggy Genie for product pickup and pick-off, Swiggy Minis for people to open a store online, and Lynks Logistics.
Final Words
Swiggy Ltd is one of the major players in the food ordering and delivery industry. Currently, the company is involved in various related businesses which are shared above. The company is loss-making and its top competitor Zomato is making profits. Still, the Swiggy IPO GMP Today is trading at a premium of Rs. 12.