Why Swiggy’s Unlisted Shares Are on Every Investor’s Radar
Swiggy, the Bengaluru-based food and grocery delivery giant, has been making waves in the unlisted market as it prepares for its initial public offering (IPO) later this year. With approval from the Securities and Exchange Board of India (SEBI), Swiggy’s IPO is set to raise around ₹11,000 crore, drawing immense interest from retail and institutional investors. But even before the public listing, Swiggy shares have been grabbing attention, particularly in the unlisted shares market.
Unlisted Shares on the Rise
Swiggy’s unlisted shares have seen a meteoric rise over the past few months. In July 2024, the shares were trading at ₹355, and within two months, the price surged to ₹490—an impressive 40% increase. This boost can be attributed to the company’s strong financial performance, including a 36% rise in operating revenue to ₹11,247 crore and a significant reduction in net losses, which dropped by 44% to ₹2,350 crore. The sharp increase in Swiggy shares demonstrates the market’s confidence in the company’s growth prospects.
A Star-Studded Investment
Adding to the allure of Swiggy’s unlisted shares is the involvement of high-profile celebrities. Big names like Rahul Dravid, Amitabh Bachchan, and Karan Johar have reportedly invested in Swiggy, helping drive further interest in its shares. Around 200,000 pre-IPO shares have already been traded, with demand expected to increase as the IPO date nears.
This celebrity-backed hype has made Swiggy shares a focal point for investors seeking to benefit from the potential upside of pre-IPO investments. The growing interest from prominent figures also highlights the overall optimism surrounding the company’s performance and future growth.
What Makes Swiggy a Strong Investment?
Swiggy stands out in the unlisted market for several reasons. Its strong revenue growth and significant loss reduction have solidified its position as a major player in India’s competitive food delivery industry. Moreover, the upcoming IPO, expected in November 2024, presents a golden opportunity for early investors to capitalise on the public market listing.
The company is expected to raise ₹11,000 crore through the IPO, including a fresh equity sale and an offer-for-sale (OFS) component. Swiggy’s valuation has also significantly increased, with its market value increasing from ₹70,000 crore to ₹1.16 lakh crore in just two months.
Conclusion
Swiggy’s unlisted shares generate significant buzz as the company gears up for its IPO. With a remarkable surge in share price and strong financial performance, Swiggy has established itself as a top contender in the unlisted market. The involvement of celebrities and the growing demand for its shares make it an attractive investment option.
As the IPO date approaches, Swiggy’s unlisted shares are expected to continue drawing attention, offering investors a unique opportunity before the company goes public. Stockify is a trusted platform for trading pre-IPO shares, offering investors early access to promising companies before they go public. With a seamless interface and reliable insights, Stockify helps you capitalise on market opportunities, making investing in high-growth companies’ pre-IPO shares easier.
