Swiggy IPO : Swiggyનો 10000 કરોડનો IPO આવી રહ્યો છે! જાણો ક્યારે થશે લૉન્ચ.
Swiggy IPO: Online food delivery platform Swiggy has filed a draft red herring prospectus (DRHP) with market regulator Securities Exchange Board of India to launch an IPO. According to DRHP, the company will issue new shares worth ₹3,750 crore for this IPO.
Swiggy IPO: Nowadays, the name of online food delivery company Swiggy is on the lips of every stock market investor. In fact, the IPO of food delivery platform Swiggy is coming up. For this the company has recently deposited its documents with SEBI. This Bengaluru-based food and grocery delivery platform has received approval for an IPO from SEBI and this has led to a significant increase in demand for its shares. Even before the IPO, the company’s stock has gained 40 percent in the last 2 months. Now you must be thinking that Swiggy hasn’t even launched its IPO yet, so how did its shares go up? So let us tell you where his trading is going…
Swiggy IPO: Where is the trade going?
According to media reports, Swiggy shares are being traded in the unlisted market and people are also buying and selling in them. After shareholders’ approval for the IPO in April, the unlisted market saw strong demand for Swiggy shares. There has been a huge surge in share prices. According to the report, the company’s stock has gained nearly 40% from July to September. Its shares were earlier around Rs 355, but have risen to around Rs 490. Because of this, Swiggy’s market value has increased from Rs 70,000 crore to Rs 1.16 lakh crore in just two months.
Despite stocks like National Stock Exchange ( NSE ) and Chennai Super Kings ( CSK ) being in the unlisted market, Swiggy stocks have shown their strong position. Investors want to buy it before it gets listed.
Swiggy IPO: What does the company want to do with the IPO?
Importantly, food delivery company Swiggy has submitted an updated draft for its IPO to SEBI. According to the updated draft red herring prospectus, the IPO will raise Rs. 3,750 crore new issue and an offer for sale of 18.52 crore shares. Earlier this week, the company received approval from Sebi for the proposed IPO. The company had submitted a draft for the IPO through a confidential filing route in April.
Swiggy IPO: The Swiggy IPO raised around Rs. 11,000 crore plan to raise
Let it be known that through the Swiggy IPO, approximately Rs. 11,000 crore plans to raise, including Rs. 3,750 crore new equity sale and Rs. 6,664 crore including Offer-for-Sale (OFS). The rising demand for Swiggy shares can be attributed to the outstanding performance of the company. In FY2024, the company’s operating income grew by 36% to Rs. 11,247 crore and net loss fell 44% to Rs. 2,350 crores.
Swiggy IPO: Company’s main competition in food delivery with Zomato
The company’s main competition with Zomato and Swiggy in food delivery started in the year 2014. More than 1.50 lakh restaurants across the country are listed on the company’s platform. Apart from food delivery, the company is also in the quick commerce business. Swiggy’s quick commerce business goes by the name Instamart. The company’s main competition in food delivery is with Zomato. At the same time, Instamart’s business faces competition from Zomato’s subsidiaries Blinkit and Zepto.