November 4, 2024
This is to inform you that Swiggy Limited is coming out with a public issue to raise Rs.11,327.43 crore from the market.
The issue opens on November 6 and closes on November 8, 2024.
Details of the Swiggy Limited IPO
| Company Details |
Swiggy is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app - to browse, select, order and pay for food (“Food Delivery”), grocery and household items (“Instamart”), and have their orders delivered to their doorstep through their on-demand delivery partner network. Their platform can be used to make restaurant reservations (“Dineout”) and for events bookings (“SteppinOut”), avail product pick-up/ dropoff services (“Genie”) and engage in other hyperlocal commerce (Swiggy Minis, among others) activities. They augment the value proposition to users through their membership programme called “Swiggy One” providing discounts and offers; in-app payment solutions like digital wallet “Swiggy Money” (a pre-paid payments instrument), “Swiggy UPI”, and Swiggy[1]HDFC Bank credit card for additional benefits. They offer comprehensive business enablement solutions to restaurant partners, merchant partners (that sell grocery and household items on their platform) and brand partners including their alliance partners such as analytics-backed tools to enhance their online presence and user base; fulfilment services for streamlining their supply chain operations; and last-mile delivery. Swiggy is unique, as it is the only unified app in India that fulfils through its own platform all food and related missions of urban users of ordering-in, eating-out and cooking-at-home, as of June 30, 2024, according to the Redseer Report (section 7, page 19). Their multi-tenanted flexible and scalable technology stack, comprising in-built algorithms and use of third-party software, enables them to integrate their offerings on the platform quickly, resulting in a reduction of costs and time in introducing new offerings in the market. |
| Issue Period | Issue opens on: Wednesday, November 6, 2024 Issue closes on: Friday, November 8, 2024 |
| Price Band | Rs.371 to Rs.390 per equity share |
| Bid Lot | 38 equity shares and in multiple thereafter. |
| Issue Size | Rs. 11,327.43 crore |
| Employee Reservation | Up to 7,50,000 Equity shares |
| Employee Discount | Rs. 25 per Equity Share |
| Issue break-up | QIB - 75% of the net offer - Rs.8,475.04 crore NIB - 15% of the net offer - Rs.1,695.01 crore RET - 10% of the net offer - Rs.1,130.01 crore |
| Listing | NSE and BSE |
| Registrar | Link Intime India Private Limited |
| UPI | All NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note |
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Watch these 4 videos to know how to apply for the Swiggy Limited IPO online easily.
Step 1: Create an UPI ID 
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Step 2: Apply for IPO online using mobile app or website 
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Step 3: Authorise UPI mandate to block payment 
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
UPI Apps live on IPO VPA Handle BHIM Baroda Pay (only Android) @BARODAMPAY BHIM RBL Pay (Android & iOS) @rbl BHIM PayWiz ( Android ) @idbi BHIM (android & iOS) @upi BHIM AUPay (Android & iOS) @aubank BHIM Axis Pay (only android) @axisbank BHIM BANDHAN UPI (Android & iOS) @bandhan BHIM DLB UPI (Android & iOS) @dlb BHIM IndusPay (only Android) @indus BHIM KBL UPI (Android) @kbl BHIM Lotza UPI (only Android) @federal BHIM SBIPay (only android) @sbi BHIM UCO UPI (Android and iOS both) @uco DhanSmart (Android & iOS) @dlb DigiBank - DBS (Android & iOS) @dbs Freecharge (Android & iOS) @freecharge Google Pay (android & iOS) @okhdfcbank, @okaxis , @oksbi, @okicici Groww Pay (Android & iOS) @yesg HSBC Simply Pay (android & iOS) @hsbc IDBI Bank GO Mobile+ ( Android & iOS) @idbi iMobile by ICICI Bank (android users) @icici IndOASIS (Android and iOS both) @indianbank, @allbank Kotak Mobile Banking App (Android) @kotak MobiK wik ( Android & iOS) @ikwik Nxt – Union Bank of India ( iOS and Android ) @unionbankofindia, @uboi and @unionbank Paytm (Android & IOS) @ptaxis, @pthdfc, @ptyes, @ptsbi Phone-Pe (Android & iOS) @ybl, @axl, @ibl SIB Mirror+ (only Android) @sib YES Pay Next (android & iOS) @yespay - To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
| Published by Team Internal Communications |  |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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