May 14, 2025 : After the end of the shareholder lock-in period, shares of food delivery platform Swiggy Limited fell by up to 7 percent on Tuesday, May 13. According to a note from Nuama Alternative and Quantitative Research, following the end of the six-month and extended shareholder lock-in period, approximately 189.8 crore shares of Swiggy became eligible for trading on Tuesday.
This constitutes around 85 percent of the company’s total outstanding equity. The value of these unlocked shares is estimated to be $738 million at current market prices. It is important to note that the end of the lock-in period does not mean that all these shares will be sold immediately; it simply means they are now eligible for trading in the open market.
Swiggy recently announced its results for the March quarter, reporting a higher year-on-year net loss, primarily due to continued investments in its fast-commerce vertical, Instamart. However, its main food delivery segment showed strong performance, with growth in total order value (GOV) and better margins compared to competitors.
Despite the growing losses, most analysts covering Swiggy continue to have a “Buy” rating on the stock, citing confidence in the company’s growth potential and improvements in operational efficiency. The stock is under pressure, opening near its lowest level since listing and trading well below its IPO price of ₹390. It is currently around 50 percent lower than its post-listing high of ₹617.
Summary: Swiggy’s stock has reached its 52-week low. With the end of the lock-in period, there is a significant risk of increased selling in the stock.