Swiggy IPO Date, Review, Price and Allotment Details.

SWIGGY IPO Details : Imagine Marketing Limited has set aside Rs 2000 crore as their total issue size in their initial public offering (IPO).

About SWIGGY:

SWIGGY was established by Nandan Reddy and Sriharsha Majety in 2014, FOODEIN operates from its headquarter location of Bangalore across 500 Indian cities as a leading food ordering and delivery platform. Their products and services include online food ordering/deliveries platforms with services that range from ordering/deliveries/payment/pick-up/drop off. Among many others.

Swiggy is a Restaurant food delivery from various cuisines and price points. Instamart grocery delivery; Same-day package delivery through Swiggy Genie -Market Presence.

SWIGGY IPO

Indian Food Delivery Market Leader | Zomato | This platform dominates the Indian food delivery market and holds a substantial market share against competitors like Zomato. Their online presence includes user-friendly apps and websites as well as an expansive delivery partner network covering multiple regions throughout India – their Business Model is unique!

Growth & Recent Developments: They commission restaurants that use their platform and charge delivery fees from customers who use delivery. Also they monetize other services like Instamart and Swiggy Genie which help drive recurring revenues for them.

Rapidly Expanding User Base and Order Volume. Rising Capital Through Multiple Rounds of Investment. Reached Valuation of Billion. Exploring New Offerings such as Grocery Delivery & Quick Commerce Services; Additionally preparing to Launch an Initial Public Offering in 2024 with Challenges & Future Outlooks as Well.

Competition from Zomato and other players remains intense, making profitability an ongoing concern despite strong growth. Relying too heavily on Indian markets exposes it to domestic economic fluctuations; and clarifying regulations surrounding food delivery apps needs further work.

Business Operations: Gain an insight into Swiggy’s partnerships with restaurants, logistics management practices and technology infrastructure as well as customer acquisition/retention strategies and algorithms used for optimizing deliveries.

Financial Performance: . Analyse Swiggy’s revenue, growth rate and profitability (or lack thereof). Contrast their financial performance against similar organizations like Zomato.

Social impact: Examine Swiggy’s role in providing employment opportunities within the gig economy and restaurant industries as well as local food ecosystems, along with potential risks such as worker exploitation or sustainability in deliveries.

SWIGGY IPO Dates & Band Price Details:

ProsCons
Convenience: Quick and easy access to a wide variety of restaurants from the comfort of your home.Delivery Charges: Can add up, especially for long distances or small orders.
Choice: Extensive options with diverse cuisines, price points, and delivery times.Hidden Costs: Additional charges for packaging, service fees, etc. sometimes apply.
Transparency: Real-time order tracking and updates on delivery status.Order Errors: Occasional mix-ups or missing items in deliveries.
Promotions and Discounts: Attractive deals and offers from restaurants and Swiggy itself.Restaurant Dependence: Limited options if your preferred restaurant isn’t on the platform.
Cashless Transactions: Secure and convenient online payment options.Food Quality Concerns: Potential for cold or stale food depending on delivery time and distance.

SWIGGY IPO Dates & Band Price Details :

IPO Open:January [-] 2024
IPO Close:January [-] 2024
IPO Size:Approx ₹[.] Crores, [-] Equity Shares
Face Value:₹- Per Equity Share
IPO Price Band:₹[-] Per Equity Share
IPO Listing on:NSE SME
Retail Quota:[%] of the net offer
QIB Quota:[%] of the net offer
NII Quota:QIB Quota:

SWIGGY IPO Allotment & Listing Dates :

Swiggy is plans an initial public offering (IPO) date and close date in 2024

IPO Open Date:coming soon
IPO Close Date:coming soon
Basis of Allotment:coming soon
Refunds:coming soon
Credit to Demat Account:coming soon
IPO Listing Date:coming soon

Swiggy Company Financial Report :

Year202120222023
Estimated RevenueRs. 5,000 crores – Rs. 6,000 crores (Based on media reports and analyst estimates)Rs. 8,000 crores – Rs. 10,000 crores (Based on media reports and analyst estimates)Rs. 12,000 crores – Rs. 15,000 crores (Based on media reports and analyst estimates)
ProfitabilityInformation not publicly available.Likely still not profitable, but reports suggest progress towards narrowing losses.Information not confirmed, but some reports suggest potential break-even in certain quarters.
Key HighlightsRapid growth in order volume and user base, expanding to new cities, significant fundraising rounds.Continued growth, diversification into grocery delivery (Instamart), acquisition of Supr Daily, raising more funds.Further growth, focus on profitability and cost optimization, gearing up for potential IPO in 2024.

Company details :

CINU52339MH2021PTC355739
Company NameSWIGGY APPLIANCES PRIVATE LIMITED
Registration Number355739
Company CategoryCompany limited by Shares
Company SubCategoryNon-govt company
Class of CompanyPrivate
Authorised Capital(Rs)200000
Paid up Capital(Rs)100000
Number of Members(Applicable in case of company without Share Capital)0
Date of Incorporation23-02-2021
Registered Address20/80, YASHWANT NAGAR, ROAD NO. 1 NR. APANA BAZAAR, GOREGAON WEST MUMBAI Mumbai City MH 400104 IN
Address other than R/o where all or any books of account and papers are maintained
Email Id[email protected]
Whether Listed or notUnlisted
Date of last AGM30-09-2022
Date of Balance Sheet31-03-2022
Company Status(for efiling)Active

Disclaimer: 

This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

Frequently ASked Questions:

What is the disadvantage of Swiggy?

Customers frequently change their minds after considering additional taxation and delivery charges for food delivery apps like Grubhub. Such practice creates an unfair disadvantage against them.

What is the most demanding food on Swiggy?

Swiggy reports that Biryani again took top honors as most ordered dish for 2018, marking its seventh consecutive time at the top. A report also revealed it set a new record with 2.28 orders per second! Also this year Swiggy delivered over one order per minute!

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