The objective of the Issue

The company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Investment in the Material Subsidiary, Scootsy, for repayment or pre-payment, in full or in part, of certain or all of its borrowings.
  2. Investment in the Material Subsidiary, Scootsy, for (a) expansion of Dark Store network for Quick Commerce segment through setting up of Dark Stores; and (b) making lease/license payments for Dark Stores.
  3. Investment in technology and cloud infrastructure.
  4. Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across segments.
  5. Funding inorganic growth through unidentified acquisitions and general corporate purposes.

IPO Details, Price, Market Lot

IPO Details
IPO Open Date 6 November 2024
IPO Close Date 8 November 2024
IPO Issue Size 290,446,837 Shares (Aggregating up to ₹11,327.43 Cr)
Fresh Issue 115,358,974 Shares (Aggregating up to ₹4,499.00 Cr)
Offer for Sale 175,087,863 Shares (Aggregating up to ₹6,828.43 Cr)
Retail Portion Not more than 10% of the Net Issue
NII Portion Not more than 15.00% of the Net Issue
QIB Portion Not less than 75% of the Net Issue
Listing At BSE, NSE
IPO Price
Face Value ₹1 Per Share
IPO Price Band ₹371 to ₹390 Per Share
Employee Discount ₹25 Per Share
IPO Issue Type Book Built Issue
IPO Market Lot For Retail Investor
No. of Shares Per Lot 38 Shares
Minimum Lot Size 1 Lot (38 Shares)
Minimum Amount (Cut-off price) ₹14,820
Maximum Lot Size 13 Lots (494 Shares)
Maximum Amount (Cut-off price) ₹1,92,660
IPO Market Lot For S-HNI
No. of Shares Per Lot 38 Shares
Minimum Lot Size 14 Lots (532 Shares)
Minimum Amount (Cut-off price) ₹2,07,480
Maximum Lot Size 67 Lots (2,546 Shares)
Maximum Amount (Cut-off price) ₹9,92,940
IPO Market Lot For B-HNI
No. of Shares Per Lot 38 Shares
Minimum Lot Size 68 Lots (2,584 Shares)
Minimum Amount (Cut-off price) ₹10,07,760

IPO Date, Listing Date, Allotment Date

Time Table (Tentative)
IPO Open Date 6 November 2024
IPO Close Date 8 November 2024
Basis of Allotment Date 11 November 2024
Initiation of Refunds 12 November 2024
Credit of Share to Demat Account 12 November 2024
IPO Listing Date 13 November 2024

Financial Report

Period Ended Assets
(₹ in Crore)
Revenue
(₹ in Crore)
P A T
(₹ in Crore)
Net Worth
(₹ in Crore)
Borrowings
(₹ in Crore)
30 June 2024 10,341.24 3,310.11 -611.01 7,444.99 256.61
31 March 2024 10,529.42 11,634.35 -2,350.24 7,791.46 211.19
31 March 2023 11,280.65 8,714.45 -4,179.31 9,056.61  
31 March 2022 14,405.74 6,119.78 -3,628.9 12,266.91  
Period Ended 30 June 2024 31 March 2024 31 March 2023 31 March 2022
Assets 10,341.24 10,529.42 11,280.65 14,405.74
Revenue 3,310.11 11,634.35 8,714.45 6,119.78
P A T -611.01 -2,350.24 -4,179.31 -3,628.90
Net Worth 7,444.99 7,791.46 9,056.61 12,266.91
Borrowings 256.61 211.19    
Amount in ₹ Corre

Company Promotor & Promotor’s Holding

Pre Issue Promotor Holding 63.56%
Post Issue Promotor Holding  

Company Address

Swiggy Limited
Registered Office: No. 55, Sy No. 8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru – 560 103
Phone: + 91 95907 56603
Email: secretarial@swiggy.in
Website: https://www.swiggy.com/

IPO Registrar, Lead Manager, Prospectus

IPO Prospectus
IPO Registrar
Link Intime India Private Ltd
IPO Lead Manager
  • Kotak Mahindra Capital Company Limited
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  • J.P. Morgan India Private Limited
  • Bofa Securities India Limited
  • ICICI Securities Limited