Subscribe for Swiggy Ltd IPO; Anand Rathi

Anand Rathi, has come out with its report on Swiggy Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on November 05 2024.

Broker Research

November 06, 2024 / 15:05 IST

IPO

Anand Rathi, Swiggy Ltd

Established in 2014, Bengaluru based Swiggy is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app - to browse, select, order and pay for food “Food Delivery", grocery and household items “Instamart”, and have their orders delivered to their doorstep through its on-demand delivery partner network. Swiggy primarily operates in a B2C marketplace platform where it aggregate restaurant & merchant partners that can list their food & products, while users can discover and purchase such items which facilitates the fulfilment of these orders through enabling delivery, reservations, payments, and lead generation for partners.

Valuation and Outlook

Swiggy is well positioned to tap huge opportunities in quick commerce. Therefore we believe that as it is fairly priced the issue may be considered for its long term growth as scales up its revenue and gradually improve its bottom line. Hence we give “SUBCRIBE for LONG TERM” rating to this IPO.

For all IPO report, click here