How to Apply for the Swiggy IPO

Apply for the Swiggy IPO: As Swiggy prepares to launch its highly anticipated IPO, investors are eager to get involved in what promises to be a major milestone in the Indian stock market. Here’s a comprehensive guide on how to apply for the Swiggy IPO, along with important details to keep in mind.

Steps to Apply for the Swiggy IPO

Through Your Broker’s Platform:

• Log in to Your Demat Account: Begin by accessing your account on your broker’s website or mobile app.
• Navigate to the IPO Section: Look for the “IPO” or “New Issues” section within the platform.
• Find the Swiggy IPO: Search for “Swiggy” or check the list of upcoming IPOs to locate it.
• Place Your Bid: Enter the number of lots you wish to apply for and submit your UPI ID.
• Approve the Mandate: After submitting your bid, you will receive a mandate request on your UPI app. Approve it to confirm your application.

Also See: IPO GMP

Popular Brokerage Platforms:

• Zerodha
• Upstox
• Angel One
• Groww
• 5Paisa

Important Considerations

• Minimum Lot Size: Retail investors must apply for a minimum of 38 shares, which will require an investment of approximately ₹14,820.
• Cut-off Date: The last date to apply for the Swiggy IPO is November 8, 2024.
• Allotment Process: Allotment of shares will be conducted via a draw system.
• Listing Date: Shares are expected to be listed on the stock exchanges on November 13, 2024.

Additional Tips for Investors

• Conduct Thorough Research: Before applying, it’s essential to understand Swiggy’s business model, financial health, and growth prospects.
• Assess Your Risk Tolerance: Investing in IPOs can be risky. Only invest what you can afford to lose.
• Diversify Your Investments: Avoid putting all your money into a single investment. Instead, spread your investments across different asset classes for better risk management.

Also Read: Swiggy IPO Review: Should You Apply?

Swiggy IPO Details

The Swiggy IPO is a book-built issue valued at ₹11,327.43 crores, consisting of a fresh issue of 11.54 crore shares totaling ₹4,499.00 crores and an offer for sale of 17.51 crore shares aggregating to ₹6,828.43 crores. The price band for the IPO is set between ₹371 to ₹390 per share.

Reservation for Employees: Up to 750,000 shares will be reserved for employees at a discount of ₹25 to the issue price.

Founded in 2014, Swiggy has revolutionized food delivery in India, providing an easy-to-use platform for ordering food, groceries, and household goods. The company operates through five business units:

1. Food Delivery
2. Out-of-home Consumption
3. Quick Commerce
4. Supply Chain and Distribution
5. Platform Innovation

As of June 30, 2024, Swiggy’s Instamart has expanded significantly, operating over 600 active dark stores across multiple cities, indicating its strong foothold in the quick-commerce sector.

With a growing workforce and expanding service offerings, Swiggy is positioning itself as a leader in the rapidly evolving food and grocery delivery market. By following the outlined steps and keeping these key points in mind, investors can successfully navigate the Swiggy IPO process and make informed decisions.

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