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Swiggy IPO - Listing Date, GMP & Subscription

Bundl Technologies Ltd IPO listing date: Nov 13, 2024 on NSE, BSE. Listed at ₹458 (+17.4%) vs issue price of ₹390. Subscribed 3.59x overall (QIB: 6.02x). Price band: ₹371-₹390, lot size 38 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Nov 12, 2024

Key Dates

IPO Open DateNov 6, 2024

IPO Close DateNov 8, 2024

Allotment DateNov 11, 2024

Refund DateNov 12, 2024

Demat Credit DateNov 12, 2024

Listing DateNov 13, 2024

Issue Details

Price Band₹371-₹390

Issue Price₹390

Face Value₹5

Lot Size38 shares

Min Investment₹14,820

Issue Size₹11,327 crore

Listing ExchangeNSE, BSE

RegistrarLink Intime India

IPO TypeMainboard

stoicHQ Analysis

✓India's 2nd largest food delivery platform

✓Swiggy Instamart quick commerce growth

⚠Loss-making

⚠Retail barely subscribed (1.14x)

⚠Zomato comparison creates a persistent drag

About Bundl Technologies Ltd

Swiggy is India's second largest food delivery and quick commerce platform. Its Swiggy Instamart is the fastest-growing 10-minute grocery delivery service in India.

Subscription Breakdown

Overall Subscription3.59x

QIB (Institutional)6.02x

NII (HNI)1.89x

Retail1.14x

Listing Price

₹458

Listing Gain

+17.4%

Issue Price

₹390

stoicHQ Analysis

Moderate 17.4% listing gain on modest subscription (3.59x overall, retail barely at 1.14x). The market had Zomato as a reference point, making Swiggy's second-mover positioning harder to value. Quick commerce (Instamart) is the high-growth segment.

Technology / Food Delivery2024All 2024 IPOs

IPO Listing Timeline

Previous IPO← Waaree Energies IPO (listed Oct 28, 2024)Next IPOQuadrant Future Tek IPO (listed Jan 14, 2025) →

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Swiggy IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Nov 12, 2024+₹68-+17.4%

Nov 10, 2024+₹26₹420+6.7%

Nov 8, 2024+₹22₹380+5.6%

Nov 6, 2024+₹18₹320+4.6%

Nov 2, 2024+₹12₹250+3.1%

Oct 30, 2024+₹8₹180+2.1%

Swiggy IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Nov 6)0.91x0.18x0.42x1.31x

Day 2 (Nov 7)1.37x0.48x0.72x1.80x

Day 3 (Nov 8)3.59x6.02x1.89x1.14x

Anchor Investors

Government Pension Fund Global₹580 crore

Fidelity Funds₹500 crore

SBI Mutual Fund₹420 crore

HDFC Mutual Fund₹380 crore

Axis Mutual Fund₹280 crore

Bundl Technologies Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹6,119 crore-₹3,629 crore-59.3%

FY23₹8,265 crore-₹4,179 crore-50.6%

FY24₹11,247 crore-₹2,350 crore-20.9%

Listed Peers - Technology / Food Delivery

ZomatoFood Delivery

+52.6% listing

Zomato (current)Food Delivery / Quick Commerce

Frequently Asked Questions

When did Swiggy IPO list?

Swiggy IPO listed on November 13, 2024 on NSE and BSE at ₹458 per share, a 17.4% gain over the issue price of ₹390.

What was the Swiggy IPO GMP?

The grey market premium (GMP) for Swiggy IPO was ₹68 before listing, reflecting a 17.4% gain expectation. GMP was modest at ₹8-26 during the subscription period and rose sharply to ₹68 in the final days.

What was Swiggy IPO subscription status?

Swiggy IPO was subscribed 3.59x overall - a modest subscription relative to its size. QIB subscription was 6.02x, NII (HNI) was 1.89x, and retail was only 1.14x. Day 1 was 0.91x, Day 2 was 1.37x, Day 3 was 3.59x.

What was Swiggy IPO price band and lot size?

The Swiggy IPO price band was ₹371-₹390 per share. Lot size was 38 shares. Minimum investment was ₹14,820 at the upper price band. Issue size was ₹11,327 crore.

What is the Swiggy IPO date?

Swiggy IPO opened November 6, 2024 and closed November 8, 2024. Allotment was November 11, 2024. Listing was November 13, 2024 on NSE and BSE.

How is Swiggy IPO different from Zomato IPO?

Swiggy IPO (2024) raised ₹11,327 crore at a ₹390 issue price. Zomato IPO (2021) raised ₹9,375 crore at a ₹76 issue price. Zomato achieved profitability by FY24 before Swiggy listed - making Swiggy's loss-making status a key investor concern. Swiggy's Instamart quick-commerce vertical was its growth differentiator.