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 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

Salebhai Internet IPO Tentative Date / Timetable

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

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)

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

› Draft Prospectus
› Red Herring Prospectus

Salebhai Internet IPO Rating

3.2

Rating:

Vote Here ...

Salebhai Internet IPO Reviews / Ratings

Dilip Davda - Other

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   »  Report
   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 LIMITED » Report

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Find Salebhai Internet IPO Latest Update

Useful Articles

Salebhai Internet IPO Review / Comments

37. Ankit Doshi Aug 2, 2018 15:45

1 |

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

36. IPOANALYSIS Aug 2, 2018 13:13

1 |

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 12:11

1 |

IPO Mentor (500+ Posts, 500+ Likes)

This message has been removed by a moderator.

35.1. Johny Aug 2, 2018 12:31

2 |

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!!!

34. Johny Aug 2, 2018 11:20

1 |

Top Contributor (200+ Posts, 200+ Likes)

Looks like this Ipo is withdrawn.

33. VIE Aug 2, 2018 09:48

1 |

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 09:44

2 |

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 19:40

1 |

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 18:54

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 15:24

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

28. VIE Jul 30, 2018 19:04

1 |

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 19:10

1 |

IPO Mentor (500+ Posts, 500+ Likes)

no movement in subcription
date nahi extend karni pade.

27. ADY Jul 31, 2018 10:17

1 |

PRODUCT TIME PE NAI MILTI IPO ME KYA DUM HOGA

26. VIE Jul 30, 2018 15:00

1 |

IPO Mentor (500+ Posts, 500+ Likes)

Subscription data
Qib-0.45
Rii-0.02
Total-0.23

25. VIE Jul 28, 2018 22:39

1 |

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 12:36

very slow

24. CPHArun Jul 28, 2018 16:05

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 10:58

When did the ipo start?

22. VIE Jul 28, 2018 09:06

IPO Mentor (500+ Posts, 500+ Likes)

@nikita
We want to miss this opportunity. 😃😃

21. VIE Jul 28, 2018 09:04

2 |

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 15:55

3 |

This message has been removed by a moderator.

20.1. AnkurGoel Jul 27, 2018 22:41

4 |

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?

19. Nikita Jul 26, 2018 17:04

1 |

This message has been removed by a moderator.

19.1. AnkurGoel Jul 27, 2018 22:39

IPO Mentor (900+ Posts, 800+ Likes)

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

18. VIE Jul 27, 2018 21:12

IPO Mentor (500+ Posts, 500+ Likes)

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

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