Swiggy Share Price Hits Record Low After Lock-In Period Ends

Market Performance

Swiggy's share price sharply declined on Tuesday, slumping over 7.33% to ₹297, its lowest level since listing. The fall comes as a direct response to the expiry of the six-month IPO lock-in period for non-promoter shareholders.

• Current Price: ₹297 (down 7.33%)
• One-Month Fall: 10%
• Three-Month Decline: 18%
• Year-To-Date (YTD) Loss: 45%
• Six-Month Drop: 34%

Trading volumes surged significantly, with nearly four crore shares changing hands, far exceeding the average of 1 crore shares seen over the past week.

Main News

The trigger behind this sharp fall in Swiggy's share price is the end of the lock-in period on May 12, 2025, for pre-IPO investors. This move unlocked approximately 189.75 crore shares, accounting for 83% of Swiggy's total equity, now available for public trading.

• Value of Unlocked Shares: ₹62,000 crore
• Shares Released for Trading: 189.75 crore
• Percentage of Total Shareholding Unlocked: 83%

While the lock-in expiry doesn't mandate immediate selling, market sentiment appears cautious amid potential investor exits, putting Swiggy's share price under visible pressure.

Company Details

Swiggy, a leading food delivery and quick-commerce platform, recently reported its Q4 FY25 earnings, revealing a mixed financial performance. While revenues increased significantly, losses nearly doubled, reflecting underlying operational challenges.

Revenue

• Q4 FY25 Revenue: ₹4,410 crore
• YoY Growth: 44.8%
• Q4 FY24 Revenue: ₹3,045.55 crore

EBITDA & Margins

Data for EBITDA and margins was not disclosed in the reference article.

Net Profits

• Q4 FY25 Net Loss: ₹1,081.18 crore
• Q4 FY24 Net Loss: ₹554.77 crore
• YoY Increase in Losses: 95%

Swiggy's food delivery business maintained steady growth:

• Food Delivery Gross Order Value (GOV): ₹7,347 crore
• YoY Growth: 17.6%

Meanwhile, its quick-commerce vertical, Swiggy Instamart, showcased rapid growth:

• Instamart GOV: ₹4,670 crore
• YoY Growth: 101%
• Qoq Growth: 19.5%

Summary of the Article

The sharp fall in Swiggy's share price highlights investor concerns following the unlock of a massive volume of shares post the IPO lock-in period. While operational metrics like revenue and order volume remain strong, rising losses have contributed to negative sentiment.

The stock has seen consistent pressure over the past six months, and its continued decline may impact short-term investor confidence. As trading volumes remain elevated, market watchers will closely observe the impact of newly unlocked shares on future price action.