Fixed Price IPO | ₹24 Cr | Listing at BSE SME | Fri, Jul 27, 2018 - Wed, Aug 1, 2018
Salebhai Internet IPO is a fixed issue price of ₹23.73 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹23.73 crore.
Salebhai Internet IPO bidding started from Jul 27, 2018 and ended on Aug 1, 2018. The allotment for Salebhai Internet IPO was finalized on Aug 7, 2018. Salebhai Internet IPO will list on the BSE SME with a tentative listing date fixed as Aug 10, 2018.
Salebhai Internet IPO is set final issue price at ₹105 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,52,000.
Monarch Networth Capital Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue.
Refer to Salebhai Internet IPO DRHP for detailed Information.
IPO Open
Fri, Jul 27, 2018
IPO Close
Wed, Aug 1, 2018
Issue Price
₹105 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 27 Jul to 1 Aug, 2018 |
| Listing Date | Fri, Aug 10, 2018T |
| Face Value | ₹10 per share |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,59,600 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,16,400 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 21,43,200 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 21,43,200 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 62,41,510 shares |
| Share Holding Post Issue | 85,01,110 shares |
Salebhai Internet IPO comprises a total issue size of 22,59,600 shares. The net offer to the public is 21,43,200 shares, after excluding 1,16,400 shares allotted on a firm basis. Of the Net offer 10,71,600 (50.00%) allocated to NII 10,71,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,71,600 | 50.00% | 47.42% |
| Retail Shares Offered | 10,71,600 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,16,400 | 5.15% | |
| Total Shares Offered | 22,59,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,26,000 |
| Retail (Max) | 1 | 1,200 | ₹1,26,000 |
| HNI (Min) | 2 | 2,400 | ₹2,52,000 |
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.
| Period Ended | 31 Jan 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 6.64 | 0.97 | 0.11 |
| Total Income | 1.13 | 0.46 | 0.04 |
| Profit After Tax | -1.60 | -2.88 | -1.11 |
| NET Worth | 6.10 | -1.68 | -1.10 |
| Reserves and Surplus | 5.48 | -2.20 | -1.11 |
| Total Borrowing | 1.53 | 1.05 | |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Nakoda Group of Industries Ltd. | SME | ₹6.48 Cr | ₹35 | null | ₹35.35 | +1.00% | ₹39.24 (-0.75%) |
| Jhandewalas Foods Ltd. | SME | ₹16.01 Cr | ₹55 | null | ₹66.00 | +20.00% | ₹24.00 (+0.54%) |
| Ashok Masala Mart Ltd. | SME | ₹2.01 Cr | ₹10 | null | ₹9.50 | -5.00% | ₹9.22 (-9.96%) |
| Prataap Snacks Ltd. | Mainboard | ₹481.60 Cr | ₹938 | null | ₹1,180.65 | +25.87% | ₹1,184.70 (-0.35%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Operating Expenditure | 5.43 |
| 2 | Customer Acquisition | 7.50 |
| 3 | IT Development | 5.00 |
| 4 | General Corporate Purpose | 5.09 |
| 5 | Brand Building & Promotion | 0.20 |
The Salebhai Internet IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | - | - | - | - |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, Underwriting and brokerages. | 0.40 |
| 2 | Regulatory expenses and payment to other intermediaries such as Legal Advisors, Peer Review Auditors, Registrars, Printing, Advertising and other out of pocket expenses. | 0.10 |
Date: 02 Aug 2018
The Company has decided to withdraw the application made for SME IPO on BSE SME Platform due to unavoidable circumstances.
Lead Manager Reports
Salebhai Internet IPO is a SME IPO of 22,59,600 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Jul 27, 2018, and closes on Wed, Aug 1, 2018.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Salebhai Internet IPO using UPI as a payment gateway. Zerodha customers can apply in Salebhai Internet IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Salebhai Internet IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Salebhai Internet IPO opens on Fri, Jul 27, 2018 and closes on Wed, Aug 1, 2018.
Salebhai Internet IPO lot size is 1200, and the minimum amount required for application is ₹1,26,000.
You can apply in Salebhai Internet IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Salebhai Internet IPO will be done on Tuesday, August 7, 2018, and the allotted shares will be credited to your demat account by Thu, Aug 9, 2018. Check the Salebhai Internet IPO allotment status.
The Salebhai Internet IPO listing date is not yet announced. The tentative date of listing is Fri, Aug 10, 2018.
