Swiggy Share Price Target 2024, 2025, 2026, 2027, 2028, 2029 and 2030
Swiggy, a food delivery App in India, has become a household brand over the years. Founded in 2014, the company rapidly expanded its services to include a diverse range of offerings such as groceries and convenience delivery.
Swiggy is an important company in India’s online food delivery market. It became popular by using technology and giving good service to its customers.
As it prepares for its upcoming IPO, investors are keen to understand the potential share price movements over the next few years.
Table of Contents
Basic Details of Swiggy
| Company Name | Swiggy |
| Business Sector | Online Food and Convenience Delivery |
| Stock Symbol | To be assigned |
| NSE Listing Status | Pending |
| BSE Listing Status | Pending |
| Official Website | swiggy.com |
About the Company’s Business
Swiggy operates in the online food delivery industry, offering a platform that connects customers with local restaurants for meal delivery. Over the years, it has diversified its business model to include services like Instamart (grocery delivery), Genie (parcel delivery), and Swiggy One (a subscription plan for exclusive benefits).
Swiggy IPO Details
Swiggy’s upcoming IPO is expected to get a lot of attention from regular investors and big companies. Here are the main details about the IPO:
| Bid Price | ₹371.00 – ₹390.00 |
| Lot Size | 38 Shares |
| Retail Discount | ₹0.00 |
| Issue Size | ₹11,327.43 Cr |
| Offer Type | Mainboard |
| IPO Type | Book Building |
| Minimum Investment | ₹14,098.00 (1 Lot) |
| Maximum Investment | ₹1,92,660.00 (13 Lots) |
Swiggy IPO Important Dates
| Important Dates | Details |
|---|---|
| Offer Starts | 6th Nov |
| Offer Ends | 8th Nov |
| Allotment | 11th Nov |
| Listing | 13th Nov |
Swiggy IPO GMP (Grey Market Premium)
The current Grey Market Premium (GMP) for Swiggy’s IPO stands at ₹20, indicating positive investor sentiment and expectations.
Swiggy’s share price in 2024 is expected to experience growth as the company establishes its presence in the stock market following its IPO. This year will likely reflect Swiggy’s ability to meet investor expectations because-
The Grey Market Premium (GMP) for Swiggy’s IPO currently stands at ₹20, which is a positive indicator for potential investors. This premium suggests strong demand for Swiggy shares ahead of the listing, indicating that the listing day price may move in an upward direction.
According to our analysis, the target price for 2024 is projected to be in the range of ₹400 to ₹520. This forecast takes into account the anticipated market enthusiasm and Swiggy’s growth potential following its IPO.
| Year | Low Approx | High Approx |
|---|---|---|
| 2024 | ₹400 | ₹520 |
In 2025, Swiggy’s stock price could further benefit from strategic initiatives taken after its public debut. The company’s focus on expanding its delivery network, entering new markets, and optimizing delivery logistics could lead to higher revenue and operational efficiency.
Investors may also gain confidence as Swiggy demonstrates improved financial health and explores innovative technology solutions.
Our analysis indicates that Swiggy’s share price for 2025 could be expected to fall within the range of ₹450 to ₹600.
| Year | Low Approx | High Approx |
|---|---|---|
| 2025 | ₹450 | ₹600 |
By 2026, Swiggy may have solidified its position as a prominent player in the on-demand delivery industry. The company’s potential investments in AI-driven logistics and customer experience improvements could contribute to stock price growth. Additionally, partnerships with local businesses and restaurants may enhance its service portfolio, thereby attracting more customers and increasing revenue streams.
According to our in-depth assessment, the target price for Swiggy in 2026 is anticipated to be in the range of ₹520 to ₹700.
| Year | Low Approx | High Approx |
|---|---|---|
| 2026 | ₹520 | ₹700 |
Swiggy’s share price in 2027 could witness further appreciation as the company leverages its established market position to venture into additional service verticals. Innovations in delivery technology, potential expansion into new geographic locations, and strategic collaborations could play pivotal roles in driving revenue and profitability.
As per our evaluation, Swiggy’s stock price target for 2027 is forecasted to lie between ₹600 and ₹780.
| Year | Low Approx | High Approx |
|---|---|---|
| 2027 | ₹600 | ₹780 |
The year 2028 could see Swiggy capitalizing on advanced logistics technology and operational scalability to boost its market share. Investments in drone delivery trials or sustainability initiatives might catch the attention of investors looking for forward-thinking companies.
If Swiggy continues to focus on enhancing customer loyalty through reliable services and exclusive partnerships, its stock price could reflect these achievements.
Our analysis predicts that the share price target for 2028 may hover within the ₹680 to ₹860 range.
| Year | Low Approx | High Approx |
|---|---|---|
| 2028 | ₹680 | ₹860 |
In 2029, Swiggy may focus on refining its financial strategies and enhancing shareholder value through profit optimization. The company could continue to strengthen its technological infrastructure and expand its foothold in both Tier 1 and Tier 2 cities. This year could also bring new opportunities in international markets or joint ventures, adding to the company’s revenue potential.
Based on our research, the projected price range for 2029 is expected to be between ₹750 and ₹920.
| Year | Low Approx | High Approx |
|---|---|---|
| 2029 | ₹750 | ₹920 |
By 2030, Swiggy is expected to have matured as a major player in the delivery sector, with diversified service offerings that extend beyond food delivery into areas like grocery, pharmacy, and logistics services. Its ability to innovate and maintain a strong customer base could be key drivers for stock price growth. With potential profitability and strong financials, the company’s stock may reach significant new highs.
According to our market analysis, the target price for Swiggy in 2030 is likely to be set between ₹820 and ₹1000.
| Year | Low Approx | High Approx |
|---|---|---|
| 2030 | ₹820 | ₹1000 |
| Year | Low Approx | High Approx |
|---|---|---|
| 2024 | ₹400 | ₹520 |
| 2025 | ₹450 | ₹600 |
| 2026 | ₹520 | ₹700 |
| 2027 | ₹600 | ₹780 |
| 2028 | ₹680 | ₹860 |
| 2029 | ₹750 | ₹920 |
| 2030 | ₹820 | ₹1000 |
Technical and Fundamental Analysis
Technical Analysis
Swiggy’s IPO is likely to generate significant trading volumes, setting up key resistance and support levels early in its trading life. Positive investor sentiment and growth outlooks will be closely monitored.
swiggy financial results
| Metric | FY’22 | FY’23 | FY’24 |
|---|---|---|---|
| Total Income | 6119 | 8714 | 11634 |
| PAT | -3628 | -4179 | -2350 |
| Total Assets | 14405 | 11280 | 10529 |
| Net Worth | 12266 | 9056 | 7791 |
| Borrowing | – | – | 211 |
| Particulars | Pre-Issue | Post-Issue |
|---|---|---|
| Public – Investor Selling S/h | 64.16% | 53.24% |
| Public – Individual Selling S/h | 9.61% | 8.91% |
| Public – Other | 26.23% | 37.86% |
| Total | 100% | 100% |
Swiggy’s strategic growth plans, diverse business model, and financial investments in technology and operations position it as a strong contender in the market.
Conclusion
Swiggy’s journey in the stock market is poised to be closely watched by both retail and institutional investors. While initial years might focus on establishing a stable position, future years could reflect the company’s growth and expansion strategies.
As Swiggy enhances its service range and adopts advanced technologies, its share price targets from 2024 to 2030 could present substantial investment potential.
