Swiggy IPO: Anil Singhvi says investors have three options - Check details before subscribing

Swiggy IPO: The IPO was subscribed 12 per cent on the first day of the share sale on Wednesday. Should you subscribe to this IPO? Here's what market wizard Anil Singhvi suggests.

Swiggy IPO: According to Zee Business Managing Editor Anil Singhvi, investors must AVOID this IPO.

Swiggy IPO: Singhvi said that investors have three options for the Swiggy IPO.

First - Avoid 

Second - High-risk investors can subscribe for longterm

Third - Buy shares of Swiggy after listing when you get a good valuation

Swiggy IPO: Singhvi pointed out the positives of this IPO

- Strong brand and promoters

- Strong growth prospects in food delivery and quick commerce businesses

- Number two player in the duopoly market

- Food biz turned profitable

- Reasonable valuations

Swiggy IPO: Here are some of the negatives pointed out by him

- Company yet to be profitable

- Continuously losing market share and therefore it will be very tough to beat Zomato and become number one

- Zomato is much bigger and more profitable

- Highly competitive business

- 3 ongoing ESOP schemes will impact profitability

Swiggy IPO: The price band of Swiggy IPO is set between Rs 371 and Rs 390 per share.

Swiggy IPO: Retail investors can buy a lot of 38 shares worth Rs 14,820. A maximum of 13 lots can be bought worth Rs 192,660.

Swiggy IPO: The basis of allotment is expected to be finalised on November 11.

Swiggy IPO: Link Intime India Pvt Ltd is the official registrar of Swiggy IPO.

Swiggy IPO: Swiggy shares will debut on both NSE and BSE exchanges on November 13.