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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 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

Salebhai Internet IPO Date Jul 27, 2018 to Aug 1, 2018
Salebhai Internet IPO Face Value ₹10 per share
Salebhai Internet IPO Price ₹105 per share
Salebhai Internet IPO Lot Size 1200 Shares
Issue Size2,259,600 shares of ₹10
(aggregating up to ₹23.73 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
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.

Salebhai Internet IPO Timeline (Tentative Timetable)

Salebhai Internet IPO opens on Jul 27, 2018, and closes on Aug 1, 2018. The Salebhai Internet IPO bid date is from Jul 27, 2018 10.00 A.M. to Aug 1, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Salebhai Internet IPO Opening Date Jul 27, 2018
Salebhai Internet IPO Closing Date Aug 1, 2018
Basis of Allotment Aug 7, 2018
Initiation of Refunds Aug 8, 2018
Credit of Shares to Demat Aug 9, 2018
Salebhai Internet IPO Listing Date Aug 10, 2018

Salebhai Internet IPO Lot Size

The Salebhai Internet IPO 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
Retail (Min) 1 1200 ₹126,000
Retail (Max) 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 Review

Taking into account negative earnings, aggressive pricing and non impressive financial data, issue is not worth considering for investment. However, considering fancy of its peer, cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...


Salebhai Internet IPO Subscription Status (Bidding Detail)

The Salebhai Internet IPO is subscribed 0.26 times on Aug 2, 2018 1:29:01 PM. The public issue subscribed 0.06 times in the retail category, times in the QIB category, and 0.46 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.46
Retail0.06
Total0.26

Salebhai Internet IPO Prospectus

Salebhai Internet IPO Rating

67
3.2
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
Email: compliance@salebhai.com
Website: http://www.salebhai.com/

Salebhai Internet IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

Salebhai Internet IPO Review

Salebhai Internet IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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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 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 .

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.
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Salebhai Internet IPO Message Board

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53 Comments

37. Ankit Doshi |   Link |Aug 2, 2018 3:45:47 PM
It seems as if only family and friends have subscribed this ipo
36. IPOANALYSIS |   Link |Aug 2, 2018 1:13:09 PM
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 |   Link |Aug 2, 2018 12:11:24 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
This message has been removed by a moderator.
35.1. Johny |   Link |Aug 2, 2018 12:31:26 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ 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 |   Link |Aug 2, 2018 11:20:41 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Looks like this Ipo is withdrawn.
33. VIE |   Link |Aug 2, 2018 9:48:48 AM
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 |   Link |Aug 2, 2018 9:44:13 AM
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 |   Link |Aug 1, 2018 7:40:06 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
today Subscription data at
Qib-0.46
Rii-0.006
Total-0.24
poor response
30. Kittusingh |   Link |Aug 1, 2018 6:54:21 PM
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 |   Link |Aug 1, 2018 3:24:02 PM
salebhai to sale hota nazar nahin aa .....raha
28. VIE |   Link |Jul 30, 2018 7:04:01 PM
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...
28.1. VIE |   Link |Jul 31, 2018 7:10:37 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
no movement in subcription
date nahi extend karni pade.
27. ADY |   Link |Jul 31, 2018 10:17:47 AM
PRODUCT TIME PE NAI MILTI IPO ME KYA DUM HOGA
26. VIE |   Link |Jul 30, 2018 3:00:42 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Subscription data
Qib-0.45
Rii-0.02
Total-0.23
25. VIE |   Link |Jul 28, 2018 10:39:23 PM
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 |   Link |Jul 30, 2018 12:36:09 PM
very slow
24. CPHArun |   Link |Jul 28, 2018 4:05:15 PM
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 |   Link |Jul 28, 2018 10:58:22 AM
When did the ipo start?
22. VIE |   Link |Jul 28, 2018 9:06:14 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@nikita
We want to miss this opportunity. ????????
21. VIE |   Link |Jul 28, 2018 9:04:21 AM
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 |   Link |Jul 26, 2018 3:55:56 PM
This message has been removed by a moderator.
20.1. AnkurGoel |   Link |Jul 27, 2018 10:41:58 PM
Amazing. You are investing from a long time and it is yr first post on Chittorgarh and wo bhi salebhai per?
19. Nikita |   Link |Jul 26, 2018 5:04:24 PM
This message has been removed by a moderator.
19.1. AnkurGoel |   Link |Jul 27, 2018 10:39:41 PM
You should not miss the opportunity where as we are happy to miss the opportunity
18. VIE |   Link |Jul 27, 2018 9:12:39 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
MONARCH RECORD AS LM IS ALSO NOT GOOD.AVOID...