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, 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 Size2,259,600 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

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)

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)

CategorySubscription (times)






Salebhai Internet IPO Prospectus

Salebhai Internet IPO Rating

Rating:Rated 3.2 stars
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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

Salebhai Internet IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 - 11 - 2681

Salebhai Internet IPO Reviews / Ratings

Salebhai Internet IPO FAQs

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.

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  Ranked Members

37. Ankit Doshi |Aug 2, 2018 15:45
It seems as if only family and friends have subscribed this ipo
36. IPOANALYSIS |Aug 2, 2018 13:13
IPO Guru IPO Guru (1900+ Posts, 1500+ 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 12:11
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
This message has been removed by a moderator.
35.1. Johny |Aug 2, 2018 12:31
IPO Mentor IPO Mentor (600+ Posts, 800+ 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
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
Looks like this Ipo is withdrawn.
33. VIE |Aug 2, 2018 09:48
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.
32. IPOANALYSIS |Aug 2, 2018 09:44
IPO Guru IPO Guru (1900+ Posts, 1500+ 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 19:40
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
today Subscription data at
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
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
today Subscription data at
28.1. VIE |Jul 31, 2018 19:10
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
no movement in subcription
date nahi extend karni pade.
27. ADY |Jul 31, 2018 10:17
26. VIE |Jul 30, 2018 15:00
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Subscription data
25. VIE |Jul 28, 2018 22:39
IPO Mentor 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 IPO Mentor (500+ Posts, 500+ Likes)
We want to miss this opportunity. ????????
21. VIE |Jul 28, 2018 09:04
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. ????????
20. shikha thakur |Jul 26, 2018 15:55
This message has been removed by a moderator.
20.1. AnkurGoel |Jul 27, 2018 22:41
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 17:04
This message has been removed by a moderator.
19.1. AnkurGoel |Jul 27, 2018 22:39
You should not miss the opportunity where as we are happy to miss the opportunity
18. VIE |Jul 27, 2018 21:12
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)