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)|
|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
|Issue Open||Jul 27, 2018 - Aug 1, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,259,600 Eq Shares of Rs 10 |
(aggregating up to Rs 23.73 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 105 Per Equity Share|
|Market Lot||1200 Shares|
|Min Order Quantity||1200 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Jul 27, 2018|
|Bid/Offer Closes On||Aug 1, 2018|
|Finalisation of Basis of Allotment||Aug 7, 2018|
|Initiation of Refunds||Aug 8, 2018|
|Credit of Shares to Demat Acct:||Aug 9, 2018|
|IPO Shares Listing Date:||Aug 10, 2018|
Date: 02 Aug 2018
The Company has decided to withdraw the application made for SME IPO on BSE SME Platform due to unavoidable circumstances.
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