Swiggy: Value Emerging, Upgrade to BUY
Swiggy’s food delivery (FD) print was largely in line (MTUs at 15.1mn vs HSIE’s 15.2mn, gross revenue up 19.7% at INR18.67bn vs HSIE’s INR18.5bn,...
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Swiggy IPO Lockup - US$7.9bn Lockup Release
Swiggy (SWIGGY IN) raised around US$1.35bn in its India IPO in Nov 2024. The lockup on its pre-IPO investors is set to expire soon.
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Swiggy (SWIGGY IN): Post-IPO Global Index Inclusion & Final Lockup Expires In May 2025
Following research, due to the 6-month lock-up on the pre-offer share capital, the free float increase from 13% to 40% is expected to take place on...
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Swiggy (SWIGGY IN): US$7.6bn Lock-Up Expiry & Index Inclusion
There is a US$7.6bn lock-up expiry in Swiggy on 12 May - 80% of that is PE/VC, so expect selling. The stock could remain under pressure but PE/VC...
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Swiggy - Competition and Expansion Plans to Drag QC Profits
Overall, Swiggy reported a net loss of INR8b, marking a 39% YoY increase. For 4QFY25, we expect revenue/adj. EBITDA loss to increase 7.0%/14.5% QoQ.
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