Swiggy Share Price Target Analysis: 2024, 2025, 2026, 2030, 2040 and 2050

Swiggy Share Price Target 2024 to 2050: Swiggy, a prominent Indian food delivery and quick commerce platform, was founded in 2014 in Bengaluru. Over the years, it has revolutionized the way people order food, expanding its presence across more than 580 cities in India. While the company is well-known for food delivery services, it has also ventured into grocery delivery and other services, making it a formidable competitor in the quick-commerce space.

In this article, we will provide an in-depth analysis of Swiggy’s business model, financial health, upcoming IPO, and long-term share price targets for the years 2024, 2025, 2030, 2040, and 2050. This comprehensive evaluation will help potential investors make informed decisions.

What Is Swiggy Ltd.?

Swiggy is an Indian tech-based company that primarily focuses on online food delivery. Customers can use the platform to order food from nearby restaurants and have it delivered to their homes, simplifying the process of ordering meals. Swiggy offers several services, such as:

• Swiggy Pop: Quick meals delivered in 30-35 minutes.
• Swiggy Instamart: Rapid delivery of groceries and household items.
• Restaurant Reservations: Book tables in restaurants through the platform.

Swiggy has expanded its services to over 580 cities across India, focusing more on urban areas where there is high demand for quick and convenient services.

Swiggy IPO Details

Swiggy is planning a major initial public offering (IPO) to raise significant capital. The company aims to raise up to ₹11,327.43 crore, which will include both fresh issue of shares and an offer for sale by existing shareholders. The IPO is scheduled to take place from November 6, 2024 to November 8, 2024.

IPO Details

• Face Value: ₹1 Per Equity Share
• Price Band: ₹371 to ₹390 per share
• IPO Issue Size: ₹11,327.43 Crores
• Fresh Issue: ₹6,828.43 Crores
• Offer for Sale: 185.28 million shares
• Retail Quota: 10%
• QIB Quota: 75%
• NII Quota: 15%
• Listing: BSE & NSE

Swiggy IPO GMP today

Swiggy IPO GMP today is +1. This indicates Swiggy share price was trading at a premium of Re 1 in the grey market, according to investorgain.com. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Swiggy share price is indicated at ₹391 apiece, which is 0.26% higher than the IPO price of ₹390.

The company plans to use the funds raised through the IPO for:

• Investments in its subsidiary Scootsy
• Repayment of debts
• Enhancement of technology infrastructure
• Expansion of the business

Financial Metrics

Swiggy Share Price Target Forecast 2024 to 2050

Swiggy Share Price Target: 2024

The share price will be between ₹371 and ₹390 and on the first day you could see a fast and rapid movement. So in 2024, its share price target would be ₹530 as per our analysis.

By 2024, its share price would be between ₹340 to ₹530 as per our expert’s advice.

Swiggy Share Price Target Month Wise 2024

Swiggy Share Price Target 2025

With its IPO planned for 2024, Swiggy is positioning itself for long-term growth. The company’s investments in technology and infrastructure, alongside expanding its footprint in the grocery delivery market (via Instamart), are likely to drive revenue growth. Furthermore, Swiggy is focusing on streamlining operations to achieve profitability.

Swiggy Share Price Target Month Wise 2025

Long-Term Share Price Forecast for 2030

By 2030, Swiggy aims to further consolidate its position as a market leader in both food and grocery delivery. With its growing market share in the food delivery sector and the rapidly expanding quick-commerce space, the company is expected to experience substantial growth.

Swiggy Share Price Target Month Wise 2030

Swiggy Share Price Target for 2040

By 2040, Swiggy is expected to have reached new heights in terms of revenue and market penetration. Backed by solid investments from institutional investors such as BlackRock and the Canada Pension Plan Investment Board, Swiggy could continue to dominate the food delivery and quick-commerce sectors in India.

Swiggy Share Price Target Month Wise 2040

Swiggy Share Price Target for 2050

Looking even further ahead to 2050, Swiggy is likely to be an integral player in the global quick-commerce and food delivery market. By then, Swiggy may have diversified further, including potential acquisitions of other companies, further technology investments, and a larger presence in international markets.

Swiggy Share Price Target Month Wise 2050

Comparison Between Swiggy and Zomato

While Swiggy and Zomato are often compared as the two leading players in the Indian food delivery industry, they have different strengths. Swiggy has focused on food delivery and quick commerce services, while Zomato has ventured significantly into the grocery delivery space with Blinkit.

Swiggy IPO Objectives

The funds raised from Swiggy’s IPO will be used for:

• Investing in Scootsy: Aiming to expand its presence in quick delivery.
• Repayment of Debt: Strengthening its balance sheet by clearing outstanding liabilities.
• Technology Upgrades: Improving its delivery infrastructure and user experience.
• Marketing and Brand Promotion: Increasing brand awareness and customer acquisition.

Should You Buy Swiggy Stock?

Bull Case:

• Strong Market Position: Swiggy is a dominant player in the food delivery market.
• Service Expansion: Ongoing diversification into grocery delivery and quick-commerce services.
• Technology Focus: Significant investment in technology to improve service quality and customer engagement.
• Investor Confidence: Big institutional investors, such as BlackRock and CPPIB, have backed Swiggy’s IPO, signaling confidence in its future prospects.

Bear Case:

• Debt Load: Swiggy needs to manage its debt effectively to avoid financial strain.
• High Competition: Intense competition from Zomato, Blinkit, and emerging players could limit growth.
• Valuation Risks: If the stock is overvalued compared to earnings, it may face downward pressure.

Swiggy Stock Promoter and Investor Information

Swiggy’s founding team includes:

• Sriharsha Majety (CEO): 6.23% ownership
• Lakshmi Nandan Reddy Obul (Co-founder): 1.62% ownership

Notable institutional investors include Elevation Capital, Accel, and Tencent Cloud Europe.

Conclusion

Swiggy’s IPO presents a great opportunity for investors looking to enter a leading player in the Indian food delivery and quick-commerce markets. The company’s growth potential, ongoing service expansion, and backing from institutional investors make it an attractive stock for both short- and long-term investors. However, it’s essential to weigh the risks associated with competition, debt management, and market conditions. The company’s strategic focus on expanding its services and improving operational efficiency should contribute to its strong performance in the coming years.