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Incorporated in 2015, Ahmedabad based Salebhai Internet Limited is a company engaged in e-commerce. The company runs a portal, salebhai.com to offer people living abroad to order specialties from their hometowns.
The company offers a range of products including sweets, bakery, beverages, spices, dry fruits, namkeen, chocolates, and pickles. Customers can also purchase handicrafts, handloom goods, paintings, puja items, and herbal & wellness items on its website.
Salebhai plans to penetrate into smaller town to further deepen its offerings to customers and widen its offering by adding new product categories which are missed by people. It plans to add another 400 sellers by the end of 2018.
As of March 2017, the company has 22% of its buyers who have ordered at least twice from the website and 19% buyers with more than five orders.
The company has 31 permanent employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | 31-Mar-17 | 31-Mar-16 | ||||
| Total Assets | 664.03 | 97.05 | 10.57 | |||
| Total Revenue | 113.29 | 46.02 | 3.70 | |||
| Profit After Tax | (159.87) | (288.11) | (111.19) | |||
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects in the following manner:
1. Operating Expenditure- Rs 542.98 Lakhs
2. Customer Acquisition- Rs 750.00 Lakhs
3. IT Development- Rs 500.00 Lakhs
4. General Corporate Purpose- Rs 509.60 Lakhs
5. Brand Building & Promotion- Rs 20.00 Lakhs
6. Issue Expense- Rs 50.00 Lakhs
| Salebhai Internet IPO Date | Jul 27, 2018 to Aug 1, 2018 |
| Salebhai Internet IPO Face Value | ₹10 per share |
| Salebhai Internet IPO Price | ₹105 per share |
| Salebhai Internet IPO Lot Size | 1200 Shares |
| Issue Size | 2,259,600 shares of ₹10 (aggregating up to ₹23.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are- 1. Vishwavijay Singh The Promoters jointly hold 33,40,150 Equity Shares aggregating to 53.52 % of pre-issue Equity Share Capital |
Salebhai Internet IPO opens on Jul 27, 2018, and closes on Aug 1, 2018. The Salebhai Internet IPO bid date is from Jul 27, 2018 10.00 A.M. to Aug 1, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Salebhai Internet IPO Opening Date | Jul 27, 2018 |
| Salebhai Internet IPO Closing Date | Aug 1, 2018 |
| Basis of Allotment | Aug 7, 2018 |
| Initiation of Refunds | Aug 8, 2018 |
| Credit of Shares to Demat | Aug 9, 2018 |
| Salebhai Internet IPO Listing Date | Aug 10, 2018 |
The Salebhai Internet IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹126,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
Date: 02 Aug 2018
The Company has decided to withdraw the application made for SME IPO on BSE SME Platform due to unavoidable circumstances.
Taking into account negative earnings, aggressive pricing and non impressive financial data, issue is not worth considering for investment. However, considering fancy of its peer, cash surplus risk savvy investors may consider investment at their own risk.
Read detail review...The Salebhai Internet IPO is subscribed 0.26 times on Aug 2, 2018 1:29:01 PM. The public issue subscribed 0.06 times in the retail category, times in the QIB category, and 0.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.46 |
| Retail | 0.06 |
| Total | 0.26 |
Salebhai Internet Limited
307-A,C/o Safal Pegashis, Opp. Kiran Motors,
100ft Road, Opp: Rivera Bunglows, Prahalad Nagar
Vejalpur Ahmedabad Gujarat - 380015
Phone: 079 - 4899 9917
Email: compliance@salebhai.com
Website: http://www.salebhai.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Salebhai Internet IPO is a SME IPO of 2,259,600 equity shares of the face value of ₹10 aggregating up to ₹23.73 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200 Shares.
The IPO opens on Jul 27, 2018, and closes on Aug 1, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Salebhai Internet IPO opens on Jul 27, 2018 and closes on Aug 1, 2018.
Salebhai Internet IPO lot size is 1200 Shares and the minimum order quantity is .
You can apply in Salebhai Internet IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Salebhai Internet IPO will be done on Aug 7, 2018, and the allotted shares will be credited to your demat account by Aug 9, 2018. Check the Salebhai Internet IPO allotment status.
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