Swiggy IPO: Check important dates, price band, lot size, minimum investment and key investor info

Swiggy IPO :  Initial Public Offering ( IPO ) of food delivery major Swiggy is set to open on November 6 with startup planning to raise more than Rs 11,000 crore. 

startup which emerged as second most popular food delivery platform has expanded its operations to quick commerce and grocery with Instamart and out-of-house consumption for restaurant reservations with Dineout. company has also launched SteppinOut as a ticketing platform for event bookings along with Genie which offers pickup/drop-off services for products. 

stock market investors which are facing a strong wealth depletion since October 2024 will be looking forward to a successful public issue for Zomato ’s key competitor in market. Here are some of key details you need to know before Swiggy IPO opens tomorrow: 

Swiggy IPO size 

food delivery platform is raising Rs 11,327.43 crore with issue consisting of 11.54 crore shares that amount to Rs 4,499.00 crore and an offer for sale of 17.51 crore shares worth Rs 6,828.42 crores. 

Swiggy IPO lot size and minimum investment 

To subscribe to one lot of Swiggy IPO, retail investors will have to spend Rs Rs 14,820 whereas minimum subscription amount for sNII is 14 lots (532 shares) which amounts to Rs 2,07,480. For bNII minimum lot size is 68 (2,584 shares), amounting to Rs 1,007,760.

issue also includes a reservation of up to 750,000 shares for employees at a discount of Rs 25 to issue price.

Swiggy IPO price band

For IPO, price band for a share is set at Rs 371 to Rs 390 per share. 

Swiggy IPO dates 

Prominent investors in Swiggy

Here are some of top names who have invested in Swiggy: 

• Amitabh Bachchan 
• Rahul Dravid
• Zaheer Khan
• Rohan Bopanna 
• Karan Johar 
• Ashish Chowdhry
• Raamdeo Agrawal
• Mhuri Dixit
• Ritesh Malik

Zomato vs Swiggy: Comparing market caps, quick commerce, and food delivery businesses

Zomato went public in July 2021 with a market capitalisation of nearly $13 billion (Rs 1.07 lakh crore). Since its listing, Zomato’s market cap has more than doubled, now exceeding $25 billion (Rs 2.14 lakh crore) as of November 2024.

Swiggy’s most recent funding round took place in August 2023, raising $46.4 million from P R Venketrama Raja of Ramco Group as part of its Series K funding. public issue of Swiggy is expected to value company at somewhere around $11.3 billion.

In total, Swiggy has raised approximately $3.62 billion across 15 funding rounds, with major investors including Invesco, Tencent, Prosus, and Baron Group.

Comparing market size of two food delivery giants, Macquarie Equities Research in a note stated. “At a heline level, Swiggy appears 4-6 quarters behind Zomato in Food Delivery and Quick Commerce. For Swiggy, path to catch up in Food Delivery is relatively more straightforward (expand MTU), while that for Quick Commerce is more complex (AOV, mix, s, sourcing, opex).” 

research firm also shared that Zomato’s Blinkit is much ahe of Swiggy’s Instamart on volume of transacting users, higher dark store throughput, higher s, and direct branding sourcing. 

average order value of Blinkit is also 25 per cent higher than that of Instamart and its or peers due to higher contribution from Delhi NCR with higher non-grocery share. Blinkit has also gained a 4 per cent contribution margin against Instamart’s negative mark along with money being generated from or sources like s, customer fees, and lower operational expenses. 

In terms of food delivery, Swiggy and Zomato are competing he to he with Swiggy beating Zomato in terms of monthly transacting users and higher order frequency whereas Zomato is doing much better in terms of gross order value and improved EBITDA margins.