Swiggy
Book Building issueMainboardNSE₹11,327 Cr issue
+5.64%
Listing gain over issue price
Issue size
₹11,327 Cr
1 lot at cut-off
₹14,820
Lot size
38shares
Open
06 Nov 2024
Close
08 Nov 2024
Allotment
11 Nov 2024
Listing
13 Nov 2024
Listing performance
Issue price
₹390
Listed at
₹412
Listing-day close
₹456
Latest price
₹176
Close on 23 Oct 2026
Listing gain
+5.64%
Return since issue
-54.87%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 06 Nov 2024 – 08 Nov 2024
- Listing date
- 13 Nov 2024
- Face value
- ₹1 per share
- Issue price
- ₹390 per share
- Lot size
- 38 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹11,327 Cr
- Market cap at offer price
- ₹87,299 Cr
- Promoter holding
- 63.56% → 52.97% pre-issue → post-issue
- ISIN
- INE00H001014
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Kotak Mahindra Capital Co.Ltd.
- Registered office
- No.55, Sy No.8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Karnataka
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 13,03,85,211 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 38 shares per lot, in multiples, at ₹390
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 38 | ₹14,820 |
| Retail (max) | 13 | 494 | ₹1,92,660 |
| S-HNI (min) | 14 | 532 | ₹2,07,480 |
| S-HNI (max) | 67 | 2,546 | ₹9,92,940 |
| B-HNI (min) | 68 | 2,584 | ₹10,07,760 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
13,03,85,211
Anchor portion
₹5,085 Cr
at ₹390 per share
Valuation and performance
Valuation at offer price
₹390 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | −11.07 | −10.92 |
| Price to book (×) | 11.60 | — |
| Market cap | — | ₹87,299 Cr |
No price-to-earnings multiple is shown: the company reported a loss, and an earnings multiple struck on negative earnings would read as a cheap valuation while meaning the opposite.
Key performance indicators
Latest reported period
- Return on net worth
- −8.21%
- NAV per share
- ₹33.61
- Price to book
- 11.60
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Swiggy
Swiggy Limited was incorporated as Bundl Technologies Private Limited in December 2013 and commenced food delivery operations in 2014. The company has since expanded its platform to include Swiggy Instamart (Quick Commerce, launched 2020), Dineout (restaurant reservations, launched 2022), Genie (pick-up/drop-off services, launched 2020), and other hyperlocal commerce offerings through Swiggy Minis. The platform operates on a marketplace model, connecting users with restaurant partners, merchant partners, and delivery partners. Revenue is generated from commission on orders, delivery charges from users, and various platform fees. Despite revenue growth from ₹57,049 million in FY2022 to ₹112,474 million in FY2024, the company has incurred net losses each year since incorporation, with a loss of ₹23,502 million in FY2024.
Company Analysis
from RHPSwiggy is a consumer-first technology platform offering on-demand food delivery, quick commerce, restaurant reservations, and hyperlocal commerce services across urban India.
Swiggy Limited was incorporated as Bundl Technologies Private Limited in December 2013 and commenced food delivery operations in 2014. The company has since expanded its platform to include Swiggy Instamart (Quick Commerce, launched 2020), Dineout (restaurant reservations, launched 2022), Genie (pick-up/drop-off services, launched 2020), and other hyperlocal commerce offerings through Swiggy Minis. The platform operates on a marketplace model, connecting users with restaurant partners, merchant partners, and delivery partners. Revenue is generated from commission on orders, delivery charges from users, and various platform fees. Despite revenue growth from ₹57,049 million in FY2022 to ₹112,474 million in FY2024, the company has incurred net losses each year since incorporation, with a loss of ₹23,502 million in FY2024.
online food deliveryquick commerce / hyperlocal groceryrestaurant technologylogistics and delivery serviceshyperlocal commerce
Objects of the Issue
- Investment in Material Subsidiary Scootsy for repayment or pre-payment of certain or all of its borrowings ₹1,648.00 million p.23
- Expansion of Dark Store network for Quick Commerce segment through setting up of Dark Stores ₹7,554.00 million p.23
- Making lease and license payments for Dark Stores ₹4,233.00 million p.23
- Investment in technology and cloud infrastructure ₹7,034.00 million p.23
- Brand marketing and business promotion expenses for enhancing brand awareness and visibility ₹11,153.00 million p.23
- Funding inorganic growth through unidentified acquisitions and general corporate purposes ₹11,967.82 million p.23
- Investment in Material Subsidiary Scootsy for expansion of Dark Store network for Quick Commerce segment through setting up of Dark Stores p.42
- Making lease / license payments for Dark Stores p.42
- Brand marketing and business promotion expenses Approximately 25.59% of Net Proceeds p.49
- Funding inorganic growth through unidentified acquisitions Not exceeding 25% of Gross Proceeds p.50
- General corporate purposes Not exceeding 25% of Gross Proceeds p.50
- Repayment or pre-payment, in full or in part, of certain or all of Scootsy's borrowings ₹1,648.00 million p.149
- Expansion of dark store network for quick commerce segment through setting up of dark stores ₹7,554.00 million p.153
- Making lease/license payments for dark stores ₹4,233.00 million p.156
- Investment in technology and cloud infrastructure ₹7,034.00 million p.158
- Brand marketing and business promotion expenses for enhancing brand awareness and visibility across all segments ₹11,153.00 million p.160
- Funding inorganic growth through unidentified acquisitions and general corporate purposes ₹11,967.82 million p.160
- Not explicitly stated in this part of the document - refer to Objects of the Offer section p.250
- Not explicitly stated in this document section - this is financial statement section only p.300
Issue Structure
- Total Issue
- ₹113,274.27 million (290,494,914 equity shares at ₹390 per share)
- Fresh Issue
- ₹44,990.00 million (115,407,051 equity shares)
- Offer for Sale
- ₹68,284.27 million (175,087,863 equity shares)
- Price Band
- ₹371 to ₹390 per equity share (Floor Price to Cap Price)
- Lot Size
- 38 Equity Shares and multiples of 38 Equity Shares thereafter (Bid Lot)
- Face Value
- ₹1 per equity share
Business Model
Swiggy operates as a multi-segment hyperlocal commerce platform. Revenue is generated from: (1) Food Delivery - commission on restaurant partner orders, user delivery charges, and packaging fees; (2) Quick Commerce (Instamart) - commission on merchant partner sales and delivery charges; (3) Out-of-home Consumption (Dineout, SteppinOut) - commission and fees from restaurant reservations and event bookings; (4) Platform Innovations (Genie) - delivery service fees; and (5) Supply Chain and Distribution - B2B services to wholesalers and retailers. The company monetizes through take-rates on orders, subscription programs (Swiggy One membership), and ancillary services.
Business Segments
Core business offering on-demand delivery of food from restaurant partners to consumers. Users browse, select, and order meals through the platform, with delivery facilitated by the company's delivery partner network.
Launched in 2020, offers grocery and household items through dark stores (micro-logistics facilities) with rapid delivery. Operates through dark store network which serves as inventory and fulfillment hubs.
Includes Dineout (restaurant reservations, launched 2022) and SteppinOut (event bookings). Enables users to make reservations at restaurants and book event tickets through the platform.
Includes Genie (product pick-up/drop-off services, launched 2020) and Swiggy Minis (other hyperlocal commerce activities). Provides logistics and commerce services beyond core food delivery.
B2B segment through subsidiary Lynks Logistics Limited. Provides supply chain management and enablement services to wholesalers and retailers; also sells goods to wholesalers and retailers.
Online food delivery platform connecting users with restaurants; orders are delivered by delivery partners; users can search for restaurants, place orders, make payments through the platform
Rapid grocery and retail delivery through dark stores (Instamart); operates dark stores from which products are delivered to users within a specified timeframe
Online restaurant and dining reservation platform (Dineout); acquired from Times Internet Limited in 2022; allows users to book tables and make reservations
Includes Genie (pick-up/drop-off service launched 2020) and Swiggy Minis; engages in other hyperlocal commerce offerings
Online food delivery platform connecting consumers with restaurants and delivery partners for on-demand meal delivery. The company earns commissions from restaurant partners and delivery fees from consumers.
Ultra-fast grocery and household items delivery service through dark stores (micro-logistics facilities). Enables merchant partners to stock and offer perishable and non-perishable consumer products with average delivery time of approximately 12.6 minutes across cities.
Operates Dineout and SteppinOut platforms offering restaurant table reservations, event bookings, and dining experiences. Generates revenue through commissions on completed transactions.
Provides supply chain management services to wholesalers and retailers including warehouse management, in-warehouse processing with value-added services, order fulfillment, and acts as authorized distributor for FMCG brands.
Includes emerging services and experimental offerings on the platform beyond core food delivery, quick commerce, and out-of-home consumption.
On-demand food delivery services through a network of restaurant partners and delivery partners. Users can search, discover, browse menus, place orders and pay seamlessly. Orders are prepared by restaurant partners and delivered through the delivery fleet.
Restaurant dining solutions (Dineout) and access to curated outdoor events (SteppinOut). Users can discover restaurants, access menus, make reservations, benefit from promotions, and make digital payments. SteppinOut covers conceptualization, production, collaboration with ticketing platforms, venue booking and event execution.
On-demand delivery of grocery, household items, and broadening array of products (beauty, electronics, premium foods). Orders are processed through Dark Stores and delivered to users typically within 12.6 minutes average (June 2024). Includes Swiggy Mall (expanded selection of convenience products) and Insanely Good (curated premium products).
Comprehensive supply chain services to wholesalers and retailers through Scootsy. Includes warehouse management, in-warehouse processing with value-added services, efficient order fulfillment, and technology-driven retail distribution. Acts as authorized distributor of leading brands.
Incubation of new service offerings to create frequent and meaningful touchpoints for users. Includes Swiggy Genie (on-demand product pick-up/drop-off service, launched 2020), Swiggy Minis (direct-to-consumer offering for local homegrown brands, launched 2022), and private brands addressing supply gaps.
Core food delivery business through mobile app platform, enabling customers to order food from restaurants and have it delivered. Expanded to cover 500+ cities as of 2019.
Quick commerce and grocery delivery service. Expanded to 25 cities with 400+ Dark Stores and 8,400+ SKUs as of 2022.
Same-day delivery and concierge service launched in 2020.
Membership program providing subscription-based benefits. Crossed 5.7 million members by 2024.
Restaurant discovery, bookings and dine-in reservation platform. Acquired in 2022, providing restaurant technology services.
Delivery logistics services providing general carrier and delivery services through mobile application. 100% subsidiary since August 2018.
Technology and logistics solutions for e-commerce and supply chain management. Creates subscription software for logistics in food e-commerce market. 100% subsidiary since September 2019.
Transportation and logistics platform for goods movement, providing market platform for transport services. 100% subsidiary since August 29, 2023.
Order facilitation fee income from partner merchants for facilitating food/grocery ordering, dining out, and delivery services through technology platform; service charges from delivery partners; advertisement revenue from sponsored listings; subscription revenue; onboarding fees
Supply chain and logistics services; warehousing and distribution
Direct sale of food products and traded goods (groceries, quick commerce items); dark store operations
Offers on-demand food delivery services through a network of restaurant partners and delivery partners, available through mobile application and/or website.
Provides restaurant dining solutions through Dineout (discovery and table reservation) and access to curated outdoor events through SteppinOut.
Offers on-demand grocery and a growing array of household items to users through Instamart.
Offers comprehensive supply chain services to wholesalers, retailers, and fast-moving consumer goods (FMCG) brands, leveraging warehousing capabilities. Streamlines the value-chain and ensures reliable, fast, and cost-effective order fulfilment.
Consists of incubators for new service offerings to create more frequent and meaningful touchpoints for users, including business verticals such as Private Brands, Swiggy Genie, Swiggy Minis, and Insanely Good.
Facilitates food, grocery, and dining orders through the technology platform; income from partner merchants for use of platform services
Provides food and grocery delivery services; since August 2020, operates as technology platform provider earning service charges from delivery partners
Generates revenue from sponsored listing fees paid by merchants and brands for online advertisements
Generates income from ticketing, brand promotion fees, and facilitation fees by organizing and curating events under different categories
Sells food and traded goods through private brand kitchens and cloud kitchens; operates Instamart for grocery sales
SWOT Analysis
Strengths
- • Multi-service platform with diversified revenue streams(p.22)
- • Strong user growth and engagement metrics(p.40)
- • Improving B2C contribution margins(p.39)
- • Rapid expansion of Quick Commerce operations(p.22)
- • Growing restaurant partner network(p.41)
- • Established brand and membership programs(p.22)
- • Rapid Dark Store expansion supporting Quick Commerce growth(p.42)
- • High Dark Store activation rate demonstrating operational efficiency(p.42)
- • Warehouse network expansion supporting Supply Chain and Distribution business(p.42)
- • Minimal technology-related cancellations indicating platform reliability(p.45)
- • Pioneer in hyperlocal commerce with strong brand recognition(p.167)
- • Large and growing user base with strong engagement metrics(p.167)
- • Swiggy is the most valuable brand in Consumer Technology & Services Platforms(p.167)
- • Strong platform network effects across multiple business segments(p.168)
- • Experienced management team with deep sector expertise(p.168)
- • Significant growth in partner networks across all segments(p.167)
- • Pioneer in high-frequency hyperlocal commerce with strong brand recognition(p.215)
- • Unified multi-offering platform capturing all urban food and household missions(p.210)
- • Consistently growing user base with strong retention and increasing engagement(p.216)
- • Highest platform engagement frequency among peers(p.216)
- • Strong user stickiness with improving unit economics(p.223)
- • Significant network effects across growing partner ecosystem(p.219)
- • Scalable technology infrastructure enabling rapid new offering launches(p.215)
- • Market leadership in Monthly GOV per MTU among food delivery platforms(p.225)
- • Pioneer and leader in hyperlocal commerce with multiple integrated service offerings on unified platform(p.364)
- • Largest on-demand consumer platform by GOV with unique cross-utilization of delivery fleet across segments(p.372)
- • Scaled user base with high engagement and frequency driving platform consolidation(p.372)
- • Significant operating leverage with improving unit economics across segments(p.373)
- • Strong growth in Food Delivery business achieving profitability at segment level(p.381)
- • Diversified revenue model across multiple platform services(p.391)
- • Low credit risk exposure through efficient receivables management(p.389)
- • Scalable platform-based technology model(p.392)
Weaknesses
- • Persistent net losses and negative operating cash flows(p.39)
- • High dependence on advertising and promotional spending(p.40)
- • High delivery partner acquisition and retention costs(p.40)
- • Significant outstanding litigation and tax contingencies(p.25)
- • No identifiable promoter and concentrated selling shareholder ownership(p.23)
- • Material subsidiary loss generation affecting consolidated results(p.59)
- • Significant cash losses from delivery partner theft in COD operations(p.52)
- • Audit qualification regarding impaired subsidiary loans(p.50)
- • Delays in statutory dues payment by the company(p.60)
- • Embezzlement by former employee in Material Subsidiary(p.56)
- • High involuntary employee attrition indicating internal restructuring stress(p.54)
- • Significant accumulated losses affecting cash position(p.84)
- • Negative operating cash flow dependent on investment portfolio management(p.85)
- • Significant cumulative losses and negative profitability across segments(p.171)
- • Material Subsidiary Scootsy has substantial accumulated losses(p.157)
- • High debt levels in Material Subsidiary with significant borrowings(p.151)
- • Quick Commerce segment showing negative contribution margins(p.171)
- • Negative return on net worth indicating value destruction(p.169)
- • Dark Store network concentrated with high operational lock-in(p.152)
- • Quick Commerce segment still operating at negative contribution margins(p.223)
- • Heavy reliance on platform-funded discounts impacting profitability(p.223)
- • Significant operating losses despite growing revenue(p.212)
- • High dependence on technology infrastructure for operations(p.235)
- • Consistent net losses across all fiscal years with negative operating cash flows(p.385)
- • Heavy dependence on limited major customers for Supply Chain and Distribution revenue(p.345)
- • Quick Commerce segment operating at significant losses despite expansion(p.381)
- • Impairment of investments and loans to subsidiaries indicating financial stress(p.343)
- • GST show cause notice for significant delivery charges tax liability(p.341)
- • Significant accumulated cash losses and negative profitability(p.390)
- • Subsidiary cash losses indicating operational challenges(p.390)
- • Subsidiary cash losses in related entity(p.391)
- • Impaired loans to subsidiaries creating balance sheet risks(p.390)
- • Delays in interest repayment by subsidiaries to holding company(p.390)
- • High provision for doubtful trade receivables(p.389)
- • Seasonality-driven revenue fluctuations(p.388)
- • Multiple regulatory and tax compliance liabilities(p.388)
Opportunities
- • Expansion of Quick Commerce segment with high market growth potential(p.22)
- • Increasing digital adoption and online commerce penetration(p.22)
- • Rising user spending on online Food Delivery(p.22)
- • Investment in technology infrastructure and innovation(p.23)
- • Expansion of Dark Store network for Quick Commerce(p.23)
- • Expansion of Dark Store network using IPO proceeds for Quick Commerce growth(p.42)
- • Quick Commerce market experiencing exceptional growth rates(p.43)
- • Low online penetration in food and retail markets providing expansion headroom(p.54)
- • Growing organized food services market share opportunity(p.58)
- • Significant restaurant supply gap relative to developed markets(p.58)
- • Diversification through Out-of-home consumption (Dineout) and other services(p.46)
- • Strategic use of IPO proceeds for brand marketing to enhance platform visibility(p.49)
- • M&A capability with portion of proceeds allocated for inorganic growth(p.49)
- • Rapid projected growth in Food Delivery and Quick Commerce markets(p.181)
- • Expanding Dark Store network to capture Quick Commerce demand(p.153)
- • Technology infrastructure investments to enhance platform capabilities(p.158)
- • Brand marketing expansion to drive user acquisition across segments(p.160)
- • Inorganic growth through strategic acquisitions(p.161)
- • Ancillary monetization opportunities on high-frequency platforms(p.195)
- • Vast market growth potential in food delivery with low penetration(p.198)
- • Explosive Quick Commerce market expansion with 60-80% CAGR(p.201)
- • Significant untapped opportunity in out-of-home consumption market(p.200)
- • Rapid geographic expansion potential beyond top 60 cities(p.198)
- • Large advertising revenue opportunity with high ROI for partners(p.223)
- • Cross-selling potential across diverse user base across offerings(p.221)
- • Expansion of high-margin categories in Quick Commerce(p.222)
- • Large addressable market for Food Delivery and Quick Commerce with high online penetration opportunity(p.364)
- • Monetization of ancillary services through high-frequency ordering habits(p.364)
- • Expansion of Supply Chain and Distribution business with shift toward higher-margin services(p.368)
- • Rapid expansion of Dark Stores network enabling merchant partner growth and cost optimization(p.371)
- • Growth in Swiggy One membership with significantly higher order frequency opportunity(p.373)
- • Expansion of advertisement revenue from sponsored listings(p.392)
- • Diversification into supply chain services(p.393)
- • Growth in subscription and platform services revenue(p.393)
- • Expansion of private brand and food retail operations(p.393)
Threats
- • Intense competition in hyperlocal commerce and delivery sectors(p.22)
- • Regulatory uncertainty regarding GST and delivery charges classification(p.25)
- • Risk of failure to acquire and retain delivery partners cost-effectively(p.39)
- • User acquisition and retention challenges(p.39)
- • Risk of restaurant and merchant partner dependence and reduced frequency(p.39)
- • Intense competitive landscape with multiple well-funded players(p.43)
- • Non-exclusive partner arrangements enabling multi-platform usage(p.43)
- • Regulatory uncertainty regarding GST on delivery services(p.53)
- • Competition Commission proceedings regarding anti-competitive practices(p.53)
- • Traditional preference for home-cooked food limiting market growth(p.58)
- • Dependence on partner network quality and their ability to adapt(p.44)
- • Regulatory compliance requirements for Dark Stores and warehouses(p.50)
- • Increasing lease costs for Dark Stores and warehouses(p.42)
- • Platform outages and technology reliability risks(p.44)
- • Cybersecurity and data breach risks(p.45)
- • Macroeconomic slowdown and inflation pressuring consumer discretionary spending(p.68)
- • Internet infrastructure dependency and ISP disruption risks(p.70)
- • Uncertain Net Proceeds deployment with no definitive vendor agreements(p.48)
- • Regulatory uncertainties in quick commerce and hyperlocal sectors(p.156)
- • Intensity of competition in hyperlocal commerce from well-funded players(p.149)
- • Dependence on third-party technology infrastructure and cloud vendors(p.157)
- • Fluctuating commodity and fuel costs impacting delivery and fulfillment operations(p.149)
- • Cost overruns and deployment delays in Dark Store expansion(p.149)
- • Economic sensitivity of discretionary spending categories during downturns(p.149)
- • Intense competition from established players and new entrants(p.206)
- • Risk of disintermediation through direct-to-consumer models(p.208)
- • Regulatory and policy risks affecting operational costs(p.208)
- • Economic downturns and inflation impacting consumer discretionary spending(p.208)
- • Logistics complexity and delivery partner retention challenges(p.208)
- • Unproven profitability of new categories at scale(p.208)
- • Regulatory risk from GST authorities on delivery charge taxation(p.341)
- • Dependence on foreign direct investment with compliance obligations under FDI regulations(p.353)
- • Intense competition in hyperlocal commerce categories requiring continued marketing spend(p.369)
- • Cash burn and working capital pressure requiring significant capital infusions(p.385)
- • Contingent litigation and regulatory matters creating potential financial exposure(p.341)
- • GST regulatory disputes and potential tax demands(p.401)
- • Competition Commission investigation into alleged anti-competitive practices(p.400)
- • Criminal proceedings related to GST and financial compliance(p.400)
- • Central Consumer Protection Authority enforcement actions(p.401)
- • Food Safety and Standards compliance violations(p.402)
- • Labour and employment law compliance risks(p.404)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sriharsha Majety | Promoter/Individual Selling Shareholder | 5.36% | 5.03% |
| Lakshmi Nandan Reddy Obul | Promoter/Individual Selling Shareholder | 1.75% | 1.59% |
| Rahul Jaimini | Individual Selling Shareholder | 1.14% | 1.04% |
| MIH India Food Holdings B.V. | Corporate Selling Shareholder / Principal Shareholder | 30.92% | 24.76% |
| MIH India Food Holdings B.V. | Promoter Group | 30.92% | ≤24.9% (post-offer constraint) |
| Sriharsha Majety | Promoter | 5.36% | — |
| Lakshmi Nandan Reddy Obul | Promoter | 1.75% | — |
| Rahul Jaimini | Promoter | 1.14% | — |
| Sriharsha Majety | Promoter/MD & Group CEO | 5.36% | 5.10% |
| Lakshmi Nandan Reddy Obul | Promoter/Whole-time Director | 1.75% | 1.67% |
| Times Internet Limited | Selling Shareholder | — | — |
| Norwest Ventures Private Limited | Selling Shareholder | — | — |
| Apoletto Asia Ltd | Selling Shareholder | — | — |
| Sriharsha Majety | Founder/Promoter | — | — |
| Lakshmi Nandan Reddy Obul | Founder/Promoter | — | — |
| MIH India Food Holdings B.V. | Principal Shareholder | 30.95% | — |
| Sriharsha Majety | Promoter (Founder/CEO indicator by equity holding) | 61,125 equity shares (0.23%) as at March 31, 2023 | 3,489,695 equity shares (9.16%) as at June 30, 2024 |
| Lakshmi Nandan Reddy Obul | Promoter (Founder/CEO indicator by equity holding) | 24,087 equity shares (0.09%) as at March 31, 2023 | 1,724,087 equity shares (4.53%) as at June 30, 2024 |
| Rahul Jaimini | Promoter (Founder/CEO indicator by equity holding) | 18,182 equity shares (0.07%) as at March 31, 2023 | 18,182 equity shares (0.05%) as at June 30, 2024 |
| Sriharsha Majety | Promoter | 5.36% | — |
| Lakshmi Nandan Reddy Obul | Promoter | 1.75% | — |
| Sriharsha Majety | Promoter | — | — |
| Lakshmi Nandan Reddy Obul | Promoter | — | — |
Leadership
Sriharsha Majety · Founder/Promoter
Lakshmi Nandan Reddy Obul · Founder/Promoter
Rahul Jaimini · Individual Selling Shareholder
M. Sridhar · Company Secretary and Compliance Officer
Rahul Bothra · Chief Financial Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Swiggy IPO FAQs
What is the lot size of Swiggy IPO?
The minimum lot size of Swiggy IPO is 38 shares. One lot costs ₹14,820 at the cut-off price.
When does Swiggy IPO open and close?
Swiggy IPO opened for subscription on 06 Nov 2024 and closed on 08 Nov 2024.
What is the listing date of Swiggy IPO?
Swiggy IPO listed on 13 Nov 2024.