Swiggy Share Price, IPO Listing Live Updates: Check Swiggy IPO GMP, listing date, time, review, and allotment details

Go to Live Updates Swiggy Share Price Live Updates: Swiggy IPO is all set to list on November 13 on the bourses. The IPO opened on November 06 and got subscribed 3.59 times while the retail section was booked 1.14 times. The issue was primarily driven by QIBs, subscribing to the issue 6.02 times.Â The IPO closed on November 08. It had an employee reservation of 750,00 shares, which were offered to the employees at a discount of Rs 25 to the issue price.Â Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India, Avendus Capital, J.P. Morgan India, BofA Securities India, and ICICI Securities were the lead book-runners of the issue.Â Live Updates Swiggy Share Price Live Updates: Check here Swiggy IPO Subscription Status, IPO Listing, GMP, Reviews Live Updates 15:45 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: Swiggyâ€™s take rates are ahead of Zomatoâ€™s, says Motilal Oswal Swiggy has successfully pioneered the hyperlocal commerce industry in India, launching Food Delivery in 2014 and Quick Commerce in 2020, and is well-recognised as a leader in innovation. A report by Motilal Oswal Financial Services stated, â€œSwiggyâ€™s approach of an integrated app offering vs. Zomatoâ€™s multi-app approach helps it innovate faster. Their platform can be used to make restaurant reservations (Dineout) , events bookings (SteppinOut), avail product pick-up/ drop-off services (Genie) and engage in other hyperlocal commerce activities (Swiggy Minis, among others). Although Avg MTU is still higher for Zomato, Gross Order Value (GOV) per user is higher for Swiggy. This shows Swiggyâ€™s customer cohorts are more mature and stickier compared to its peer.â€ 14:24 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: Anand Rathi Research on Swiggy IPO "Swiggy is well positioned to tap huge opportunities in quick commerce. Therefore we believe that as it is fairly priced the issue may be considered for its long term growth as scales up its revenue and gradually improve its bottom line. Hence we give â€œSubscribe for Long Termâ€ rating to this IPO," said Anand Rathi Research in an IPO note. 13:26 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: Strengths of Swiggy Pioneers in high-frequency hyperlocal commerce with an innovation-driven culture. A steadily expanding user network. Increasing user engagement on the platform. The "Swiggy" brand delivered via a unified app for a consistent user experience. A preferred choice for restaurant, merchant, brand, and delivery partners. The platform fosters network effects through its diverse user and partner base. Led by an experienced management team with strong governance 12:15 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: Swiggy GMP update Shares of Swiggy IPO were fetching a premium of 0.26% in the grey market. The grey market premium is an unofficial place to trade shares ahead of listing. The GMP of Swiggy indicates a lacklustre listing for the company. 11:36 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: Choice Broking on Swiggy IPO "At higher price band, Swiggy is demanding an EV/Sales multiple of 7.3x, which is at discount to its only listed peer i.e. Zomato. Despite reporting robust growth during the reported period, currently its operations are loss making at EBIT level. Despite the company management guiding profitable operation in future, we are cautiously optimistic on the future performance. Thus, considering the future growth potential in the quick-commerce and supply chain distribution market and the duopoly market structure, we are assigning a "Subscribe for Long Term" rating for the issue," said Choice Broking in an IPO note. 11:15 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: Mehta Equities on Swiggy IPO â€œWe believe Swiggy Ltd IPO brings investors an opportunity to invest in a new age fast growing consumer first technology company offering an easy to use convenience platform. We think the companyâ€™s continuous expansion in hyperlocal commerce, evident through its increased dark store footprint and faster delivery times, reinforces its leadership in convenience and service quality. We also believe with notable improvements in Average Order Value (AOV) and contribution marginâ€”from -7.5% to -3.18% in just a yearâ€”Swiggy demonstrates both operational efficiency and financial resilience. The companyâ€™s high-frequency user engagement, rising partner retention and broad selection of offerings have created a sticky user base that drives sustained growth," said Rajan Shinde, Research Analyst at Mehta Equities. 10:53 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: SBI Capital Services on Swiggy "In FY24, Swiggy reported a revenue of INR 32,222 Mn, growing 34.8% YoY, and negative PAT stood at Rs 611 crore The companyâ€™s growth strategy faces notable challenges. While it aims to expand services and partnerships, reducing discounts may impact customer loyalty, and relying heavily on advertising and premium offerings might not be sufficient to drive profitability. Despite efforts to improve operational efficiency, the intense competition and current negative financial metrics raise concerns about long-term viability. At the upper band of Rs 390, the issue is valued at a negative PE of (37.40) based on FY24 EPS of Rs 10.5. We are recommending â€œSubscribe for aggressive investorsâ€ to this issue," said SBI Capital Services in an IPO note. 10:17 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: Swiggy GMP The shares of Swiggy were trading at a price of Rs 391 in the grey market, a rupee more than the issue price. The grey market is an unofficial place to trade shares ahead of listing. 09:55 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: About Swiggy Swiggy is a leading consumer-first tech company offering a unified app for food delivery, groceries, and household items, alongside services like restaurant reservations, event bookings, and product delivery. Since launching in 2014, The company has become a pioneer in hyperlocal commerce, expanding quickly with innovative solutions. 09:30 (IST) 12 Nov 2024 Swiggy IPO listing Live Updates: InCred Equities on Swiggy IPO "We recommend subscribing to the IPO as favourable scale and long-term opportunities in quick commerce provide growth runaway while the food delivery vertical has the potential to improve the margin and cash flow going ahead. Swiggyâ€™s IPO price band implies 1) an EV/revenue multiple of ~6.5x, 2) an EV/GOV of 2.1x, and 3) a P/S of 6.7x based on annualized FY25F financials. The valuation is at a discount to Zomato, which trades at an EV/revenue multiple of 11.3x, EV/GOV of 3.2x, (annualized) and a P/S of 11.4x based on FY25F consensus estimates. Internal controls, as reflected in the auditorâ€™s qualified opinion and increased competitive intensity, are the key downside risks, in our view," said InCred Equities in an IPO note.

Swiggy Share Price, IPO Listing Live Updates: Check Swiggy IPO GMP, listing date, time, review, and allotment details

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