Swiggy IPO 

Swiggy IPO: Fresh issue of INR 4,499 Cr & 17.51 Cr shares on sale, aiming for subsidiary expansion, debt repayment, tech & brand investment, growth, and corporate needs.

Important Details

Open Date : November 6, 2024 Close Date : November 8, 2024 Allotment Date: November 11, 2024 Listing Date: November 13, 2024

Important Details

IPO Price: INR 371-390 per share Lot Size: 38 Shares Total Issue Size: INR 11,327.43 crores

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Fundamental Analysis

1. Swiggy’s losses persist; short-term profit unlikely. 2. Strong revenue, but costs remain high. 3. NAV & RoNW show limited shareholder value growth.

Peer Comparison

1. Swiggy: Revenue ₹112,473.90M, EPS -₹10.70, RoNW -30.16%. 2. Zomato: Revenue ₹121,140M, EPS ₹0.40, RoNW 1.72%, P/E 742.50.

Objective

Swiggy IPO Objective: 1. Swiggy IPO aims to repay SCOOTSY loans (INR 137.41 Cr). 2. INR 982.40 Cr for SCOOTSY expansion, 586.20 Cr for tech, 929.50 Cr for branding. 3. Remaining funds for corporate growth.

Risks And Challenges

Swiggy IPO Risks: 1. Swiggy IPO risks: ongoing losses, negative cash flow. 2. Challenges: Dark Store management, strong competition. 3. Impact: financial strain, growth hurdles.