SWIGGY LIMITED IPO

Company Overview 

Founded in 2014, Swiggy Limited offers its users a convenient platform accessible through a single app, enabling them to search for, select, order, and pay for food (via Food Delivery), groceries, and household items (through Instamart), all delivered to their homes by a network of on-demand delivery partners.

The platform also facilitates restaurant reservations (Dineout), event bookings (SteppinOut), product pickups and deliveries (Genie), and a variety of hyperlocal commerce services (such as Swiggy Minis). Furthermore, Swiggy provides a membership program named “Swiggy One,” which offers discounts and special deals. It includes in-app payment solutions such as “Swiggy Money” (a prepaid digital wallet), “Swiggy UPI,” and a Swiggy-HDFC Bank credit card that offers additional. Swiggy delivers comprehensive business enablement solutions to its restaurant, merchant, and brand partners. These solutions are analytics-driven and designed to enhance online visibility and expand user bases, streamline supply chains, and optimize last-mile delivery services.

As of June 30, 2024, Swiggy featured around 19,000 SKUs of grocery and household products. This assortment includes essentials like eggs, bread, fruits, and vegetables, impulse buys such as snacks and quick meals, regular purchases like household items (shampoos, soaps, etc.) typically bought on monthly or weekly basis, occasional purchases like feminine hygiene products and basic pharmaceuticals, and festive or event-related items such as sweets and supplies for celebrations. As of June 30, 2024, Swiggy's Instamart operated a substantial network of 557 active dark stores across 32 cities in India. This network expanded to 605 active dark stores across 43 cities by September 10, 2024.

Key Performance Indicator

The market capitalization of Swiggy IPO is Rs 87298.6 Cr.

KPI as of June 30, 2024.

Industry Outlook

- Swiggy's expansion into hyperlocal commerce, event bookings, restaurant reservations, and product delivery diversifies its revenue streams and enhances customer loyalty.

- The Indian online food delivery market was projected to reach approximately $15 billion by 2023, with expectations of growth at a CAGR (Compound Annual Growth Rate) of around 25% over the next few years.

Peer Details

The companies considered by Swiggy Limited as its peers include:

1. Zomato

2. Zepto

3. Blinkit

Know before investing

Strengths

1. Swiggy is one of the leading food delivery platforms in India, with a significant market share and a strong brand presence.

2. The food delivery market in India is expected to grow rapidly due to increasing internet penetration, smartphone usage, and changing consumer preferences toward online ordering.
3. Swiggy has invested heavily in technology and logistics, improving customer experience and operational efficiency.
4.Collaborations with restaurants, grocery stores, and other service providers can enhance their service offerings and market reach.

Risks

1.The food delivery market in India is highly competitive, with strong rivals like Zomato and emerging players that can impact market share and profitability.

2.The food delivery business is sensitive to economic downturns, as consumers may cut back on discretionary spending during tough economic times.

3.As the market matures, growth rates may slow down, making it more challenging to capture new customers.

How to Apply for Swiggy Limited IPO online?

1. Go to https://ipo.adityatrading.in/ 

2. Enter your Client ID 

3. Enter the OTP received in your registered mobile number. 

4. Choose the IPO and click on apply button. 

5. Enter the UPI ID, Quantity, and Cut off the price. 

6. Click on submit button 

7. Confirm the mandate request received on your phone by entering the UPI Pin. 

You can also watch our youtube video on “How to Apply on IPO” by clicking on the link “https://www.youtube.com/watch?v=1qOI8dCpl1I&ab_channel=ATS”