In today’s briefing:
- Swiggy IPO: Key Facts and Financials at First Glance
- NTPC Green Pre-IPO Tearsheet
Swiggy IPO: Key Facts and Financials at First Glance
- Swiggy (1255298D IN) , a popular food and grocery delivery platform in India, plans to launch its much-anticipated IPO in early November.
- The company has seen rapid growth in Gross Order Value and revenues, driven by increased food delivery demand and a surge in quick commerce, an on demand grocery delivery service.
- The Naspers and Softbank Group (9984 JP) backed company that started operations in 2014 is yet to turn profitable while its close competitor Zomato reported profits in FY2024.
NTPC Green Pre-IPO Tearsheet
- NTPC Green Energy Ltd (2214556D IN) is looking to raise about US$1.2bn in its upcoming India IPO. The deal will be run by IDBI Cap, HDFC, IIFL and Nuvama Wealth.
- It is a renewable energy public sector enterprise and a wholly owned subsidiary of NTPC Limited. Its portfolio encompasses solar and wind power assets with presence in over six states.
- According to CRISIL, it was the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of June 30, 2024 and power generation in FY24.
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