Swiggy, the prominent food delivery platform in India, is preparing for its Initial Public Offering (IPO), which has created a buzz among investors eager to participate in the listing. Here’s a comprehensive overview of what to expect in terms of share price, allotment dates, and more.
1. Swiggy IPO Allotment and Listing Dates
The Swiggy IPO is set to be a significant event, with key dates as follows:
- IPO Open for Subscription: November 6, 2024
- IPO Close for Subscription: November 8, 2024
- Allotment Date: November 11, 2024
- Listing Date: November 13, 2024, on both BSE and NSE
Investors can expect the allotment status to be available shortly after the closing of subscriptions. This IPO will offer an attractive opportunity, especially considering Swiggy’s strong market presence and growth trajectory.
2. Price Band and Share Value
The price band for Swiggy’s IPO is set between ₹371 to ₹390 per share, making it accessible to a wide range of investors. The expected lot size is 38 shares, which will require a minimum investment of approximately ₹14,820.
Swiggy Share Price Estimation
| Category | Price Band (₹ per Share) | Lot Size | Minimum Investment |
|---|---|---|---|
| Retail Investors | 371 – 390 | 38 shares | ₹14,820 |
This price band is structured to appeal to both small and large investors, aiming to widen participation and increase the IPO’s appeal.
3. Reasons for the IPO
Swiggy’s IPO proceeds are set to fund various strategic initiatives:
- Expansion of Dark Stores: Swiggy aims to grow its quick-commerce infrastructure by setting up more dark stores.
- Technological Investments: Significant funds are earmarked for technology and cloud infrastructure.
- Marketing and Brand Visibility: A portion of the capital will go toward strengthening Swiggy’s brand presence.
- Debt Repayment and General Corporate Purposes: This includes financial restructuring to optimize growth.
Swiggy’s strategy here reflects a focus on expanding its service capabilities while enhancing its brand across different markets.
4. Key Facts and Comparisons with Competitors
Swiggy competes with companies like Zomato in the food delivery space. The IPO will likely attract investors who have already seen success with similar companies and are optimistic about Swiggy’s rapid expansion into quick commerce.
Peer Comparison:
| Company | EPS | P/E Ratio | Revenue (Cr) |
|---|---|---|---|
| Swiggy (Expected) | ₹10.70 | N/A | ₹11,327.43 |
| Zomato | 0.41 | 742.5 | ₹12,114 |
Swiggy’s listing presents an opportunity to invest in a high-growth market segment, especially as the demand for quick commerce and delivery services rises.
5. Swiggy IPO Allotment Status and How to Check
For those who apply, checking the Swiggy IPO allotment status will be straightforward:
- Visit the official IPO registrar, Link Intime India Pvt Ltd. at linkintime.co.in.
- Navigate to the IPO allotment status section.
- Enter your PAN number or application ID to check the allotment.
Alternatively, updates on allotment status and other key developments will be available on Swiggy’s official website and financial news platforms.
This IPO has generated interest due to Swiggy’s market position and expansion strategies. With the demand for convenience-focused services on the rise, Swiggy’s IPO might present a compelling opportunity for growth-oriented investors.
