Скачать или смотреть Swiggy IPO Review Apply or Avoid ? | IPOAnalysis | Large IPO | ASHISH CHAUDHARY | TRADIFY

Swiggy IPO Review Apply or Avoid ? | IPOAnalysis | Large IPO | ASHISH CHAUDHARY | TRADIFY

About Swiggy IPO
Swiggy Limited's upcoming IPO is set to open for subscription from November 6 to November 8, 2024. This book-built issue, valued at ₹11,327.43 crore, comprises a fresh issue of 11.54 crore shares, aggregating ₹4,499 crore, alongside an offer for sale of 17.51 crore shares, totaling ₹6,828.43 crore.

The IPO price band is set between ₹371 and ₹390 per share. Following the subscription period, allotment finalisation is expected by November 11, 2024, with a tentative listing on the BSE and NSE scheduled for November 13, 2024.

Kotak Mahindra Capital, Citigroup Global Markets, Jefferies India, Avendus Capital, J.P. Morgan India, BofA Securities India, and ICICI Securities are appointed as the lead managers for the IPO. Link Intime India Private Ltd will serve as the issue's registrar, overseeing the allotment and other procedural requirements for Swiggy’s IPO debut in the public market.

Industry Outlook:

India's food services market is projected to nearly double ₹9 trillion by 2030, fuelled by expanding customer bases and increased dining occasions.
Online food delivery is expected to grow at an 18% CAGR, increasing its market share from 8% to 20% by 2030.
Swiggy IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:

A portion of the funds will be used to repay or pre-pay some or all of Scootsy's borrowings, strengthening its financial position.
Funds will support Scootsy in expanding its Dark Store network, enabling quicker service in the Quick Commerce segment, including making necessary lease or license payments.
Investment will be made in technology and cloud infrastructure to enhance operational efficiency and support growth.
Funds will be allocated for marketing and promotional activities aimed at increasing brand awareness and visibility across different market segments.
The remaining proceeds will be used for general corporate purposes.
About Swiggy Limited
Swiggy Limited, established in 2012, is India’s premier pure-play B2C e-commerce logistics and on-demand delivery solutions provider. With a robust, pan-India express logistics network, Swiggy supports end-to-end logistics services, including first-mile pick-up, mid-mile transportation, last-mile delivery, reverse logistics, and fulfilment.

The company covers over 27,000 PIN codes, reaching 97% of India’s population with a strong focus on Tier 2+ regions. As India’s e-commerce market expanded, Swiggy evolved alongside it, handling over 2 billion shipments since 2013, with an annual growth rate of 33.46% between FY2020 and FY2024.

Swiggy operates a technology-driven, asset-light model, leveraging a network of 317 leased facilities and 3,421 delivery centres. A gig workforce fulfils a significant portion of Swiggy’s deliveries, optimising costs to ₹39.65 per shipment in FY2024. As of March 2023, Swiggy employed over 48,000 individuals and served 6,384 active customers by March 2024, including prominent brands like Amazon, Meesho, and Nykaa.

Swiggy's platform enables users to easily search, select, order, and pay for food, groceries, and household items delivered via an on-demand partner network. Swiggy's business units include Food Delivery; Out-of-Home Consumption (for restaurant visits and events); Quick Commerce (Instamart); Supply Chain and Distribution (B2B deliveries, warehousing, and logistics); and Platform Innovation (new offerings like Swiggy Genie and Swiggy Minis).

Through its Instamart service, Swiggy offers around 19,000 grocery SKUs, ranging from everyday essentials to festival-related items. As of June 30, 2024, Instamart operated 557 dark stores across 32 cities, expanding to 605 stores across 43 cities by September 10, 2024. Swiggy also offers a membership program, Swiggy One, in-app payment solutions like Swiggy Money, and a Swiggy-HDFC Bank credit card.

Swiggy’s business model provides comprehensive solutions to restaurant, merchant, and brand partners. It offers analytics-driven tools for online engagement, fulfilment services, and last-mile delivery.

Disclaimer - This is our personal view and mutual funds and equity investments are subject to market risk. Please read all offer documents before investing. This video is only for education purpose. Please consult your adviser before investing. This video is only to give information and only for education purpose.


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