Swiggy IPO
Swiggy Limited (SWIGGY) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 13 November 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +0.4% (likely range -7% to +13%), day's high +13.5%, chance of a gain 51%. Actual: +7.7% at the open, +19.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 8,69,23,475 | 52,30,89,494 | 6.02x | |
| NII (HNI) total | 4,34,61,737 | 1,79,01,724 | 0.41x | |
| Big NII (above ₹10 lakh) | 2,89,74,492 | 1,07,03,612 | 0.37x | |
| Small NII (₹2-10 lakh) | 1,44,87,245 | 71,98,112 | 0.50x | |
| Retail | 2,89,74,491 | 3,30,79,304 | 1.14x | |
| Employees | 7,50,000 | 12,37,470 | 1.65x | |
| Total | 16,01,09,703 | 57,53,07,992 | 3.59x |
Bids on NSE and BSE together, as published by NSE, as of 08 Nov 2024, 07:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Swiggy's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| Hyundai Motor IndiaOct 2024 | 6.97x | 0.60x | 0.50x | 2.37x | ₹27,870 Cr | -1.3% | +0.5% |
| Sona BLW Precision ForgingsJun 2021 | 3.46x | 0.39x | 1.57x | 2.28x | ₹5,667 Cr | +3.4% | +24.1% |
| SBI Life Insurance CompanySep 2017 | 12.6x | 0.70x | 0.85x | 3.58x | ₹8,400 Cr | +5.0% | +5.7% |
| Gland PharmaNov 2020 | 6.40x | 0.51x | 0.24x | 2.06x | ₹6,480 Cr | +14.0% | +23.3% |
| Vedant FashionsFeb 2022 | 7.49x | 1.07x | 0.39x | 2.57x | ₹3,149 Cr | +8.0% | +14.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| Citigroup Global Markets | 35 | +14.2% | 63% |
Offer documents (NSE)
Frequently asked
What is the Swiggy IPO price band and lot size? ₹371–390 per share, with a lot of 38 shares, so the smallest retail bid is ₹14,820.
How many times has it been subscribed? 3.59x overall: QIB 6.02x, NII 0.41x, retail 1.14x, employees 1.65x.
How did it list? It opened at ₹420, +7.7% against the issue price of ₹390, and closed its first day +16.9%.
