Swiggy Limited IPO Overview
Company Background
Founded in 2014, Swiggy Limited operates as a leading platform offering services in food delivery, grocery, and household goods. It provides users with a seamless app experience to search, select, order, and pay for products, with orders delivered through its vast on-demand delivery network. The company has expanded its business operations into various sectors, positioning itself as a multi-service platform. Business Units
Swiggy operates through five core business units:
Food Delivery: Facilitates easy food ordering and delivery from restaurants.
Out-of-Home Consumption: Includes restaurant visits, events, and dining experiences through partnerships.
Quick Commerce (Instamart): Offers on-demand delivery of groceries and household essentials.
Supply Chain & Distribution: Provides B2B services, including deliveries, warehousing, logistics, and distribution for wholesalers and retailers.
Platform Innovation: Focuses on new initiatives like Swiggy Genie (product pickups/deliveries) and Swiggy Minis (hyperlocal commerce).
Product Offerings
As of June 30, 2024, Swiggy offers over 19,000 SKUs, including:
Everyday Convenience Items: Eggs, bread, fruits, vegetables.
Impulse Purchases: Snacks and quick meals.
Recurring Household Purchases: Shampoo, soap, etc.
Ad-hoc Purchases: Feminine hygiene, basic pharmaceuticals, stationery.
Occasional Purchases: Sweets, festive supplies, sports event items.
Objects of the Issue
Subsidiary Investment & Technology: Funding investments in technology and cloud infrastructure for future growth.
Brand Marketing & Promotion: Enhancing brand visibility and awareness across various segments.
Inorganic Growth: Funding for potential acquisitions and general corporate purposes.
Swiggy Limited: Key IPO Details
IPO Dates: 6 to 8 Nov, 2024
Price Band: ₹371 to ₹390 per share
Lot Size: 38 shares
Total Issue Size: ₹11,327.43 Crores
Retail Quota: 10%
GMP: Nil (for informational purposes only)
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