Swiggy IPO opens today: Here's what brokerage firms say about this issue
Bengaluru-based Swiggy is selling its shares in the range of Rs 371-390 apiece with a lot size of Rs 38 equity shares between November 6-8 to raise a total of Rs 11,327 crore via IPO.
- Nov 6, 2024,
- Updated Nov 6, 2024 10:05 AM IST
Swiggy has launched its initial public offering (IPO) for bidding on Wednesday, November 6 and the issue can be subscribed until Friday, November 8. The food platform to quick-commerce company is selling its shares in the price band of Rs 371-390 apiece, for which investors can apply for a minimum of 38 equity shares and its multiples thereafter.
India’s growing market and the ability to tap smaller cities is a huge opportunity for Swiggy. Looking at all the factors, risks, opportunities and valuation, aggressive investors can apply with a long term view or investors can wait to invest for numbers to turn positive, said Sushil Finance.
"However, risks to consider for the company are intense competition, pricing pressures, regulatory challenges, high operational cost, dependency on third party restaurants, negative cash flow, managing dark stores are the key concerns for the company," it said.
Swiggy has launched its initial public offering (IPO) for bidding on Wednesday, November 6 and the issue can be subscribed until Friday, November 8. The food platform to quick-commerce company is selling its shares in the price band of Rs 371-390 apiece, for which investors can apply for a minimum of 38 equity shares and its multiples thereafter.
India’s growing market and the ability to tap smaller cities is a huge opportunity for Swiggy. Looking at all the factors, risks, opportunities and valuation, aggressive investors can apply with a long term view or investors can wait to invest for numbers to turn positive, said Sushil Finance.
"However, risks to consider for the company are intense competition, pricing pressures, regulatory challenges, high operational cost, dependency on third party restaurants, negative cash flow, managing dark stores are the key concerns for the company," it said.