Swiggy IPO: Buy or Skip?

By:- B.T Team Image Credit:- Google

Swiggy IPO Launches Today!

Swiggy, India’s top food delivery platform, opens its IPO today. This move aims to fund its expansion and tech upgrades.

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Who’s Selling in the IPO?

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What’s the Grey Market Premium (GMP)?

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At ₹390 per share, Swiggy’s market cap is ₹87,299 crore, compared to Zomato’s valuation of 17 times its revenues, while Swiggy stands at 7.7 times.

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Analysts are divided. While Swiggy remains unprofitable, its long-term growth potential in quick commerce makes it attractive for investors.

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Risks and Rewards

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Positive Outlook for Long-Term Investors

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About Swiggy

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Financial Performance and Future

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Swiggy IPO: Buy or Skip?

Swiggy IPO Launches Today!

Who’s Selling in the IPO?

What’s the Grey Market Premium (GMP)?

At ₹390 per share, Swiggy’s market cap is ₹87,299 crore, compared to Zomato’s valuation of 17 times its revenues, while Swiggy stands at 7.7 times.

Swiggy’s Market Valuation

Analysts are divided. While Swiggy remains unprofitable, its long-term growth potential in quick commerce makes it attractive for investors.

Risks and Rewards

Positive Outlook for Long-Term Investors

SBI Securities recommends subscribing for long-term growth, noting that Swiggy’s valuation seems fair compared to Zomato.

About Swiggy

Founded in 2014, Swiggy now offers food delivery, groceries, event bookings, and more, serving millions of users monthly.

Financial Performance and Future

Swiggy’s revenue grew 40% annually, but it still faces losses. However, its quick commerce arm, Instamart, shows strong potential for future growth.

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