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

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)

Salebhai Internet IPO Tentative Timetable

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

Salebhai Internet IPO Lot Size

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

IPO Notices

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)

The Salebhai Internet IPO is subscribed 0.26x times on Aug 2, 2018 13:29. The public issue subscribed 0.06x in the retail category, in the QIB category, and 0.46x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	0.46x
RII	0.06x
Total	0.26x

Salebhai Internet IPO Prospectus

› Salebhai Internet IPO DRHP
› Salebhai Internet IPO RHP

Salebhai Internet IPO Rating

3.2

Rating:

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Salebhai Internet IPO Reviews / Ratings

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

Salebhai Internet IPO Registrar

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

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

Salebhai Internet IPO Lead Manager(s)

Monarch Networth Capital Ltd

Lead Manager Reports

Salebhai Internet IPO FAQs

What is Salebhai Internet IPO?

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.
When Salebhai Internet IPO will open?

The Salebhai Internet IPO opens on Jul 27, 2018 and closes on Aug 1, 2018.
What is the lot size of Salebhai Internet IPO?

Salebhai Internet IPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.
How to apply for Salebhai Internet IPO?

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.
When Salebhai Internet IPO allotment?

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.
When is Salebhai Internet IPO listing date?

The Salebhai Internet IPO listing date is not yet announced. The tentative date of Salebhai Internet IPO listing is Aug 10, 2018.

Salebhai Internet IPO Message Board

Ranked Members

37. Ankit Doshi |Aug 2, 2018 16:45

It seems as if only family and friends have subscribed this ipo

36. IPOANALYSIS |Aug 2, 2018 14:13

IPO Guru (1700+ Posts, 1300+ Likes)

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

35. VIE |Aug 2, 2018 13:11

IPO Mentor (500+ Posts, 500+ Likes)

This message has been removed by a moderator.

35.1. Johny |Aug 2, 2018 13:31

IPO Mentor (500+ Posts, 700+ Likes)

Don't think Sorich was withdrawn due to pricing issue. Something else had happened in their case which maybe we will never know!!!

34. Johny |Aug 2, 2018 12:20

IPO Mentor (500+ Posts, 700+ Likes)

Looks like this Ipo is withdrawn.

33. VIE |Aug 2, 2018 10:48

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.

32. IPOANALYSIS |Aug 2, 2018 10:44

IPO Guru (1700+ Posts, 1300+ Likes)

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.

31. VIE |Aug 1, 2018 20:40

IPO Mentor (500+ Posts, 500+ Likes)

today Subscription data at
Qib-0.46
Rii-0.006
Total-0.24
poor response

30. Kittusingh |Aug 1, 2018 19:54

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

29. niceplaywins |Aug 1, 2018 16:24

salebhai to sale hota nazar nahin aa .....raha

28. VIE |Jul 30, 2018 20:04

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...

28.1. VIE |Jul 31, 2018 20:10

IPO Mentor (500+ Posts, 500+ Likes)

no movement in subcription
date nahi extend karni pade.

27. ADY |Jul 31, 2018 11:17

PRODUCT TIME PE NAI MILTI IPO ME KYA DUM HOGA

26. VIE |Jul 30, 2018 16:00

IPO Mentor (500+ Posts, 500+ Likes)

Subscription data
Qib-0.45
Rii-0.02
Total-0.23

25. VIE |Jul 28, 2018 23:39

IPO Mentor (500+ Posts, 500+ Likes)

@Ramakoti Reddy
Open on 27 july
Closes on 2 aug.
Subcribe 0.18 on day first.

25.1. kishor Bhai |Jul 30, 2018 13:36

very slow

24. CPHArun |Jul 28, 2018 17:05

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

23. B Ramakoti Reddy |Jul 28, 2018 11:58

When did the ipo start?

22. VIE |Jul 28, 2018 10:06

IPO Mentor (500+ Posts, 500+ Likes)

@nikita
We want to miss this opportunity. ????????

21. VIE |Jul 28, 2018 10:04

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. ????????

20. shikha thakur |Jul 26, 2018 16:55

This message has been removed by a moderator.

20.1. AnkurGoel |Jul 27, 2018 23:41

Amazing. You are investing from a long time and it is yr first post on Chittorgarh and wo bhi salebhai per?

19. Nikita |Jul 26, 2018 18:04

This message has been removed by a moderator.

19.1. AnkurGoel |Jul 27, 2018 23:39

You should not miss the opportunity where as we are happy to miss the opportunity

18. VIE |Jul 27, 2018 22:12

IPO Mentor (500+ Posts, 500+ Likes)

MONARCH RECORD AS LM IS ALSO NOT GOOD.AVOID...

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