Company Overview
Founded in 2014, Swiggy Limited has grown into a major platform for food delivery, grocery services, and other household essentials. It provides users with a smooth digital experience for browsing, selecting, ordering, and paying for products, all backed by its extensive, on-demand delivery network. Over time, the company has diversified its services, establishing itself as a versatile, multi-service platform.
Core Business Segments
Swiggy's operations are organized across five main business segments:
- Food Delivery: Simplifies the process of ordering food from partner restaurants and handling timely delivery.
- Out-of-Home Experiences: Expands into dining experiences, restaurant partnerships, and event-related services.
- Quick Commerce (Instamart): Delivers groceries and household essentials through an efficient on-demand model.
- Supply Chain & Distribution: Provides business-to-business services like logistics, warehousing, and distribution solutions for wholesalers and retailers.
- Platform Innovation: Pioneers initiatives such as Swiggy Genie (for product pickups and deliveries) and Swiggy Minis (focusing on hyperlocal commerce).
Range of Products
As of June 30, 2024, Swiggy’s platform lists more than 19,000 items, covering a wide array of categories:
- Everyday Essentials: Basic items like eggs, bread, fruits, and vegetables.
- Impulse Purchases: Snacks, beverages, and quick meal options.
- Regular Household Items: Personal care products, including shampoo and soap.
- Occasional Needs: Stationery, feminine hygiene items, and over-the-counter medicines.
- Special Occasion Products: Festive goods, sweets, and items for sports events.
IPO Objectives
The funds raised from the IPO will support:
- Subsidiary Investments & Technological Advancements: Enhancing technology and cloud infrastructure to drive future growth.
- Brand Marketing: Increasing brand awareness and reach across various market segments.
- Strategic Acquisitions and Corporate Growth: Allocating resources for potential acquisitions and other corporate initiatives.
Summary of Financial Information:
| Period Ended | 30-Jun-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|---|
| Assets | 10,341.24 | 10,529.42 | 11,280.65 | 14,405.74 |
| Revenue | 3,310.11 | 11,634.35 | 8,714.45 | 6,119.78 |
| Profit After Tax | -611.01 | -2,350.24 | -4,179.31 | -3,628.90 |
| Net Worth | 7,444.99 | 7,791.46 | 9,056.61 | 12,266.91 |
| Reserves and Surplus | -7,750.85 | -7,880.85 | -6,510.34 | -3,311.10 |
| Total Borrowing | 256.61 | 211.19 | - | - |
Comparison with Listed Peers:
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Swiggy Limited | -10.7 | -10.7 | 35.48 | -35.23 | -30.16 | 11.14 |
| Zomato Limited | 0.41 | 0.4 | 23.14 | 634.5 | 1.72 | 7.91 |
Key IPO Details:
- IPO Dates: 6 to 8 Nov, 2024
- Price Band: Rs. 371 to Rs. 390 per share
- Lot Size: 38 shares
- Total Issue Size: Rs. 11,327.43 Crores (Fresh Issue is Rs. 4499 Cr)
- Retail Quota: 10%
- Listing Date: 13th Nov, 2024
- GMP: 3.85% (for informational purposes only)
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer:Â We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
