Swiggy Monitoring Agency Report for Quarter Ended September 30, 2025

Swiggy has released its Monitoring Agency Report for the quarter ended September 30, 2025 (Q2 2025). The report, issued by CRISIL Ratings, confirms that the proceeds from the Initial Public Offer (IPO) have been utilized as disclosed in the Offer Document. No deviations were noted, and shareholder approval wasn’t required for any expenditure. The Monitoring Agency has given a detailed breakdown of the IPO proceeds utilization.

IPO Proceeds Utilization

Swiggy’s Monitoring Agency Report, issued by CRISIL Ratings, for the quarter ended September 30, 2025 (Q2 2025) confirms that the IPO proceeds are being utilized as planned. The report indicates that all utilization is aligned with the disclosures made in the Offer Document.

Key Highlights from the Report

• No deviations from the stated objectives of the IPO.
• No requirement for shareholder approval regarding expenditures.

Details of Funds Allocation (in Millions)

The report provides a detailed breakdown of how the ₹44,990.00 million in gross proceeds from the fresh issue were allocated:

Investments in Material Subsidiary (Scootsy):

Repayment of borrowings: ₹1,648.00

Expansion of Dark Stores: ₹7,554.00

Lease/License payments for Dark Stores: ₹4,233.00

Technology and cloud infrastructure: ₹7,034.00

Brand marketing & business promotion: ₹11,153.00

Funding inorganic growth & corporate purposes: ₹11,967.82

Expenses related to the Fresh Issue amounted to ₹1,400.18.

The total expenditure so far is ₹44,990.00.

Progress of Object(s)

As of September 30, 2025, here’s the status of the IPO objectives (figures in millions):

Repayment of borrowings: ₹1,648.00 (Fully utilized)

Expansion of Dark Stores: ₹4,570.87 utilized out of ₹7,554.00

Lease payments for Dark Stores: ₹886.96 utilized out of ₹4,233.00

Technology/Cloud infrastructure: ₹2,996.88 utilized out of ₹7,034.00

Brand Marketing: ₹5,676.89 utilized out of ₹11,153.00

Inorganic Growth: ₹11,370.67 utilized out of ₹11,967.82

Expenses for Fresh Issue: ₹1,370.90 utilized out of ₹1,400.18

General Corporate Purposes

A total of ₹5,354.31 million has been utilized towards general corporate purposes including Administrative expenses (₹1,578.22 million), Meeting expenses (₹3,532.58 million) and funding inorganic growth(₹243.51 million).

Source: BSE