New Delhi: Despite the continuous decline in the stock market, Swiggy has made a strong opening. The company's stock was listed on NSE at an 8 percent premium compared to the issue price of Rs 390. After listing, Swiggy's share price has increased by about 15 percent from the issue price. The market cap of the company has crossed Rs 1 lakh crore. Swiggy's listing is considered quite good. There are now two big players in the food delivery business. Swiggy will face Zomato. But, who is the richest among these two companies? Let us know the answer.
If we look at price to sales, Swiggy's price to sales is 7.5 times. Whereas this figure of Zomato is 19 times, that is, we can say now that the price to sales of Zomato is much higher than Swiggy. Talking about the services of both the companies, Swiggy does online food delivery in 653 cities. At present, Zomato is providing its services in 800 cities. Swiggy's monthly users are 2.07 crore. At the same time, the number of monthly users of Zomato is 1.4 crore. If we look at the margin figures, Swiggy's margin is 2.8% while Zomato's margin is -0.2%. Swiggy's average order value is Rs 440. At the same time, the average order value of Zomato is Rs 436.
Zomato's market cap is higher than Swiggy's
Talking about Quick Commerce order value, the order value of Blinkit is Rs 663 and that of Instamart is Rs 487. If we look at the figures of food delivery market share, the market share of Swiggy is 43 percent and that of Zomato is 57 percent. Whereas, the market cap of Swiggy is Rs 98000 crore and the market cap of Zomato is Rs 230000 crore.
Swiggy IPO status
Now let us talk about the listing of Swiggy IPO, let us tell you that the company had presented an issue of Rs 11,327.43 crore and under this the company had sold 11.54 crore shares through fresh issue, while 17.51 crore shares were sold through offer for sale. The shares were sold. Its upper price band was Rs 390 and despite the lukewarm response from investors, it was listed on NSE at Rs 420 at a premium of 7.69 per cent, while its shares were listed on BSE at Rs 412 per share with a premium of 5.64 per cent.
Swiggy's IPO did not get much response from investors during the bidding. Swiggy IPO was subscribed a total of 3.59 times, of which retail investors subscribed 1.14 times. Whereas QIB was subscribed 6.02 times and NII category was subscribed 0.41 times. However, now Swiggy shares have seen a good entry.
Comments are closed.