Swiggy IPO: Understand Financials and Key Risks in 10 Key Insights

Swiggy IPO Overview

Swiggy IPO: On Thursday, September 26, Swiggy, one of the leading food and grocery delivery companies, submitted its revised draft documents to the Securities and Exchange Board of India (SEBI) to raise capital through its highly anticipated initial public offering (IPO).

The proposed IPO includes a new issuance of equity shares valued at ₹3,750 crore and the sale of 18.52 crore existing shareholders’ equity shares through an offer-for-sale (OFS), as stated in the updated draft red herring prospectus-I (UDRHP-I).

Additionally, the company is considering raising funds in a pre-IPO round, and if successful, the size of the new issuance will be adjusted accordingly. Swiggy’s confidential offer document was accepted by SEBI earlier this week, and now the draft file has been amended. Using the confidential pre-filing process, the business submitted its offer document on April 30.

10 Key Insights from UDRHP-I

• Swiggy IPO Selling Shareholders: The updated DRHP lists several corporate selling shareholders, including MIH India Food Holdings and Tata Group.
• Swiggy IPO Peers: Zomato is Swiggy's primary publicly listed peer, with significant revenue comparisons in FY24.
• Swiggy Business Details: Featuring an innovative app that connects users, Swiggy facilitates food delivery and grocery orders seamlessly.
• Swiggy Business Segments: The company operates in Food Delivery, Quick Commerce, and more.
• Swiggy’s Strengths: Known for its fast-paced innovation and expanding user engagement.