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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.
The promoters of the company are-
1. Vishwavijay Singh
2. Anandprakash Varani
3. Purba Kalita
The Promoters jointly hold 33,40,150 Equity Shares aggregating to 53.52 % of pre-issue Equity Share Capital
of the Company.
| 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
| IPO Opening Date | Jul 27, 2018 |
| IPO Closing Date | Aug 1, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹105 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | 2,259,600 Eq Shares of ₹10 (aggregating up to ₹23.73 Cr) |
The Salebhai Internet IPO open date is Jul 27, 2018, and the close date is Aug 1, 2018. The issue may list on Aug 10, 2018.
| IPO Open Date | Jul 27, 2018 |
| IPO Close Date | Aug 1, 2018 |
| Basis of Allotment Date | Aug 7, 2018 |
| Initiation of Refunds | Aug 8, 2018 |
| Credit of Shares to Demat Account | Aug 9, 2018 |
| IPO Listing Date | Aug 10, 2018 |
The Salebhai Internet IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹126,000 |
| Maximum | 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.
The Salebhai Internet IPO is subscribed 0.26 times on Aug 2, 2018 13:29. The public issue subscribed 0.06 in the retail category, in the QIB category, and 0.46 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.46 |
| RII | 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: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://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 equity 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 1200 Shares.
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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