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How Swiggy Got Its IPO Right: Key Takeaways for Aspiring Businesses

https://www.corpzo.com/how-swiggy-got-its-ipo-right-key-takeaways-for-aspiring-businesses

IPO Snapshot Timeline: November 6-8, 2024 (Opening and Closing Dates), Allotment on November 11, Listing on November 13 Financial Highlights (as of June 30, 2024): Revenue: ₹3,310.11 crore Net Loss: ₹611.01 crore Total Assets: ₹10,341.24 crore Net Worth: ₹7,444.99 crore Price and Lot Details: Price Band: ₹371 to ₹390 per share Face Value: ₹1 per share Lot Size: 38 shares Minimum Investment: ₹14,820 (at the upper price band) Issue Size: ₹11,327.43 crore, with ₹4,499 crore as fresh issue and ₹6,828.43 crore in Offer for Sale (OFS) Pre-IPO Valuation: Approximately $12 billion Subscription Details: Overall Subscription: 3.59 times QIBs: 6.02 times NIIs: 0.41 times RIIs: 1.14 times Employees: 1.65 times Post-IPO Shareholding: Pre-IPO Shares: 2,123,066,748 Post-IPO Shares: 2,238,425,722 Dilution Due to Fresh Issue: Approximately 5.15% Utilization of Proceeds: Investment in Subsidiary (Scootsy): ₹982 crore Expansion of Dark Store Network: ₹755.4 crore Lease/License Payments for Dark Stores: ₹423.3 crore Technology and Cloud Infrastructure: ₹703.4 crore Brand Marketing and Business Promotion: Allocated funds for enhancing brand awareness Debt Repayment: Partial repayment of certain borrowings Inorganic Growth: Funding for potential acquisitions Listing Performance: Listing Date: November 13, 2024 Listing Price: ₹420 per share Closing Price on Listing Day: ₹456 per share Market Capitalization Post-Listing: Over ₹1 lakh crore Investor Allocation: Qualified Institutional Buyers (QIBs): 75% Non-Institutional Investors (NIIs): 15% Retail Individual Investors (RIIs): 10% Employee Reservation: 750,000 shares at a ₹25 discount per share