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Salebhai Internet Limited IPO (Salebhai Internet IPO) Detail

Jul 27, 2018 - Aug 1, 2018

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated)
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)

Objects of the Issue:

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 Details

Issue OpenJul 27, 2018 - Aug 1, 2018
Issue TypeFixed Price Issue IPO
Issue Size2,259,600 Eq Shares of Rs 10
(aggregating up to Rs 23.73 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 105 Per Equity Share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtBSE SME

Salebhai Internet IPO Tentative Date / Timetable

Bid/Offer Opens OnJul 27, 2018
Bid/Offer Closes OnAug 1, 2018
Finalisation of Basis of AllotmentAug 7, 2018
Initiation of RefundsAug 8, 2018
Credit of Shares to Demat Acct:Aug 9, 2018
IPO Shares Listing Date:Aug 10, 2018

IPO Notices

External Link

Withdrawal of initial public offer by Salebhai Internet Limited

Date: 02 Aug 2018

The Company has decided to withdraw the application made for SME IPO on BSE SME Platform due to unavoidable circumstances.

Salebhai Internet IPO Subscription Status (Bidding Detail)

Salebhai Internet IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,071,600

1,071,600

2,143,200

Aug 2, 2018 13:29

0.46x

0.06x

0.26x

Salebhai Internet IPO Prospectus

Salebhai Internet IPO Rating

67
3.2
Rating:Rated 3.2 stars

Vote Here ...

Salebhai Internet IPO Reviews / Ratings

Company Contact Information

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
Fax:
Email: compliance@salebhai.com
Website: http://www.salebhai.com/

Salebhai Internet IPO Registrar

Skyline Financial Services Private Ltd   »  Report
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Salebhai Internet IPO Lead Manager(s)

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Salebhai Internet IPO Review / Comments

avatar
37. Ankit Doshi  Aug 2, 2018 15:45 I Like It. 1 | Report Abuse
It seems as if only family and friends have subscribed this ipo
avatar
36. IPOANALYSIS  Aug 2, 2018 13:13 I Like It. 1 | Report Abuse
this one is defintely due to poor response

shame on such lead manager asking such high price for loss making venture.

they should have priced at 20 rs and collect less money.
acha hua lalach ne maara. such greedy LM and company should be taught lesson
avatar
35. VIE  Aug 2, 2018 12:11 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
This message has been removed by a moderator.
avatar
35.1. Johny  Aug 2, 2018 12:31 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Don't think Sorich was withdrawn due to pricing issue. Something else had happened in their case which maybe we will never know!!!
avatar
34. Johny  Aug 2, 2018 11:20 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Looks like this Ipo is withdrawn.
avatar
33. VIE  Aug 2, 2018 09:48 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
If Retailer had taken lesson from the debacle of Tcns then they will definetly avoid this ipo. Otherwise paisa he retailers ka marji he retailers ki.
avatar
32. IPOANALYSIS  Aug 2, 2018 09:44 I Like It. 2 | Report Abuse
It is in loss and will continue to remain in loss for many years to come. When many sme which are profit making are available at such good rates from secondary market why should anyone apply in this loss making venture. Simply stay away.
avatar
31. VIE  Aug 1, 2018 19:40 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
today Subscription data at
Qib-0.46
Rii-0.006
Total-0.24
poor response
avatar
30. Kittusingh  Aug 1, 2018 18:54 I Like It. | Report Abuse
100% avoid , इस से अच्छा यह पैसे कोई अच्छी कंपनी में लगाओ या फॅमिली के साथ कही पर घूम कर आओ क्योंकि इसमें पैसा लगाया तो 100% डूबने वाला है
avatar
29. niceplaywins  Aug 1, 2018 15:24 I Like It. | Report Abuse
salebhai to sale hota nazar nahin aa .....raha
avatar
28. VIE  Jul 30, 2018 19:04 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
today Subscription data at
Qib-0.45
Rii-0.03
Total-0.24
BIG AVOID.IF STILL RETAILERS TAKE RISK THAN ITS THERE CHOICE.LOOKING TO THE FATE OF TCNS RETAILERS MUST TAKE LESSON...
avatar
28.1. VIE  Jul 31, 2018 19:10 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
no movement in subcription
date nahi extend karni pade.
avatar
27. ADY  Jul 31, 2018 10:17 I Like It. 1 | Report Abuse
PRODUCT TIME PE NAI MILTI IPO ME KYA DUM HOGA
avatar
26. VIE  Jul 30, 2018 15:00 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Subscription data
Qib-0.45
Rii-0.02
Total-0.23
avatar
25. VIE  Jul 28, 2018 22:39 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@Ramakoti Reddy
Open on 27 july
Closes on 2 aug.
Subcribe 0.18 on day first.
avatar
25.1. kishor Bhai  Jul 30, 2018 12:36 I Like It. | Report Abuse
very slow
avatar
24. CPHArun  Jul 28, 2018 16:05 I Like It. | Report Abuse
B2C business model is good with high margin...BUT This company stinks in the moat. If I am the customer to buy food related items, why should I go to Salebhai. I could do that in a 1000 different ways.
Let it come out of loss first. Before that its a money losing pit
avatar
23. B Ramakoti Reddy  Jul 28, 2018 10:58 I Like It. | Report Abuse
When did the ipo start?
avatar
22. VIE  Jul 28, 2018 09:06 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@nikita
We want to miss this opportunity. 😃😃
avatar
21. VIE  Jul 28, 2018 09:04 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Shikha then nikita
sale bhai ab sunita anita babita vinita ko b bhej do so that they can sale your sale bhai ipo. 😃😃
avatar
20. shikha thakur  Jul 26, 2018 15:55 I Like It. 3 | Report Abuse
This message has been removed by a moderator.
avatar
20.1. AnkurGoel  Jul 27, 2018 22:41 I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Amazing. You are investing from a long time and it is yr first post on Chittorgarh and wo bhi salebhai per?
avatar
19. Nikita  Jul 26, 2018 17:04 I Like It. 1 | Report Abuse
This message has been removed by a moderator.
avatar
19.1. AnkurGoel  Jul 27, 2018 22:39 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
You should not miss the opportunity where as we are happy to miss the opportunity
avatar
18. VIE  Jul 27, 2018 21:12 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
MONARCH RECORD AS LM IS ALSO NOT GOOD.AVOID...
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