Swiggy Ltd., a well-known player in the on-demand delivery sector, is preparing to launch its IPO.

The company provides a user-friendly platform for ordering food, groceries, and household items, as well as additional services like restaurant reservations and product pick-up/drop-off through its Genie feature. Swiggy also offers membership programs such as Swiggy One and Swiggy Money, along with a credit card in partnership with HDFC Bank.

With an upper price band of ₹390, Swiggy's valuation indicates a fair pricing strategy based on FY24 financials. Analysts recommend subscribing to the IPO, citing Swiggy's strong brand recognition, diverse service offerings, integrated app functionality, and ongoing innovation. The company's expansion of dark stores and positive industry outlook further contribute to its long-term investment appeal.