Swiggy IPO: GMP, Key Dates, Check Allotment Status, Should you Buy ?

Swiggy’s initial public offering (IPO) is generating significant interest as the allotment date approaches. With the subscription period having closed on November 8, 2024, investors are keen to understand the key dates, expert opinions, and whether they should apply for shares. This article provides a comprehensive overview of the Swiggy IPO, including important dates, expert insights, and guidance for potential investors.

Key Dates for Swiggy IPO

Understanding the timeline of the Swiggy IPO is essential for investors. Here are the crucial dates to keep in mind:

The IPO aims to raise approximately ₹11,327 crore through a mix of a fresh issue and an offer for sale (OFS). The price band is set between ₹371 and ₹390 per share.

Should I Buy Swiggy Share ?

Determining whether to invest in the Swiggy IPO depends on various factors, including market conditions, company performance, and individual financial goals. Here are some points to consider:

• Market Sentiment: The IPO was oversubscribed by 3.59 times, indicating strong demand from investors. QIBs subscribed 6.02 times, which reflects institutional confidence in Swiggy’s potential.
• Company Performance: Swiggy has established itself as a leader in India’s food delivery market since its launch in 2014. The company reported significant revenue growth and is positioned well within a rapidly expanding sector.
• Valuation Considerations: The price range of ₹371 to ₹390 per share should be evaluated against Swiggy’s financial health and growth prospects. Investors should consider their risk tolerance and investment horizon before applying.

Experts’ Opinions on Swiggy IPO

Market analysts have varying views on the Swiggy IPO based on its performance indicators and market dynamics:

• Positive Outlook: Some experts highlight the robust subscription rates as a sign of strong institutional and retail interest. They suggest that Swiggy’s established brand and market position may lead to favorable long-term returns.
• Cautious Approach: Other analysts advise caution due to prevailing market volatility and potential challenges in achieving profitability in the competitive food delivery sector. They recommend that investors closely monitor market trends before making investment decisions.

Industry Growth Potential

The food services market in India is projected to grow significantly, with estimates suggesting it could reach nearly ₹9 trillion by 2030. Online food delivery is expected to grow at an impressive 18% CAGR, increasing its market share from 8% to 20% by the end of the decade. This growth trajectory could bode well for companies like Swiggy.

How to Check Swiggy IPO Allotment Status

Once the allotment process is finalized today, investors can check their status through various platforms:

Via Link Intime India

1. Visit Link Intime India.
2. Select “Swiggy” from the dropdown menu.
3. Enter your Application Number or PAN.
4. Complete captcha verification.
5. Click “Submit” to view your status.

Via BSE

1. Go to the BSE Allotment Page.
2. Choose “Swiggy” from the dropdown list under “Issue Name.”
3. Enter your PAN or Application Number.
4. Click “Search” to check your allotment status.

Via NSE

1. Access the NSE IPO Status Page.
2. Register using your PAN.
3. Log in with your credentials.
4. Look for your allotment status on the dashboard.

Conclusion

As investors await the finalization of Swiggy’s IPO allotment today, understanding key dates, expert opinions, and potential investment strategies is crucial for making informed decisions. With strong subscription figures and a promising industry outlook, Swiggy’s IPO could present an attractive opportunity for many investors.

Disclaimer: This article is intended for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with certified financial advisors before making any investment decisions regarding IPOs or other financial products.