Wed, Nov 13, 2024
According to the company's draft red herring prospectus (DRHP), Prosus invested nearly Rs 9,055 crore ($1.07 billion) in the online food platform and made Rs 26,927 crore ($3.2 billion) in IPO, thus netting a $2.12 billion profit from its investment.
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As per Macquarie, the company's QC is more complex, with no sustainable economic profits. Expects the group's EBIT breakeven in FY28E even with 23 per cent core revenue CAGR.
Thu, Nov 07, 2024
Swiggy IPO: The initial public offer (IPO) of online food delivery platform Swiggy is now open for subscription. The Rs 11,327 crore IPO saw a muted response on the first day of bidding.
Wed, Nov 06, 2024
Swiggy IPO News: Swiggy, a Bengaluru-headquartered food delivery firm, launched its initial public offering (IPO) on Wednesday, November 6, aiming to raise Rs 11,327 crore. The IPO will be open for bidding for three trading days ending November 8, with shares priced between Rs 371 and Rs 390. Take a look at Swiggy's strengths, weaknesses, opportunities and threats (SWOT). Shares are expected to list on stock exchanges BSE and NSE by November 13.
The quota for retail individual investors (RIIs) received 54 per cent subscription while the non-institutional investors part got subscribed 6 per cent.
The initial public offering (IPO) of Swiggy Limited, an e-commerce platform opened for subscription on November 6, 2024. The bidding process runs for three days with the issue closing for bids on November 8, 2024.
Mon, Nov 04, 2024
SBI Securities believes in comparison to its competitor Swiggy trades at reasonable valuations in terms of Price/Sales, EV/Sales and P/BV.
Sat, Nov 02, 2024
Swiggy IPO: The IPO is worth Rs 11,327.43 crore and the issue price of Swiggy IPO is set between Rs 371 and Rs 390 per share.
Wed, Sep 25, 2024
Zomato Vs Swiggy, which is better?, What is the big difference between Zomato and Swiggy?, Why is the valuation of Zomato 5 times higher?, Know from Anil Singhvi.
Investing Dilemma: Swiggy's IPO plan gets green light from Sebi; launch likely in November...Swiggy's IPO vs. Zomato Stocks!
Wed, Aug 21, 2024
Seven companies have received SEBI's approval for initial public offerings (IPO). These companies include Bajaj Housing Finance, Gala Precision Engineering, Diffusion Engineering, Deepak Builders & Engineers India, Manba Finance, Baazar Style Retail, and KRN Heat Exchanger & Refrigeration. However, some companies are still in the process of getting approval.
Thu, Apr 25, 2024
Prosus, one of the key investors in the online food delivery platform, has around 32 per cent stake in Swiggy while SoftBank has around 8 per cent stake while VC firms Accel 6.2 per cent and Elevation Capital 4.4 per cent, according to Tracxn, a leading market intelligence platform.
Wed, Apr 10, 2024
Swiggy's valuation increased before IPO Invesco increased Swiggy's valuation for the third consecutive time, from $8.5 Bn in October'23 to $12.7 Bn.
Invesco has increased the valuation of IPO-bound Swiggy for the third straight time from $12.7 billion to $8.5 billion.
Tue, May 09, 2023
Swiggy, the food delivery giant, has suffered yet another setback as its valuation has been slashed to $5.5 billion by Invesco. This marks a significant drop from earlier when the company was valued at $8.2 billion. In this video, we explore what’s going on with Swiggy and why its valuation has been reduced.
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