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Salebhai Internet IPO is a fixed price issue of Rs 23.73 crores.
Salebhai Internet IPO bidding started from July 27, 2018 and ended on August 1, 2018. The allotment for Salebhai Internet IPO was finalized on Tuesday, August 7, 2018. Salebhai Internet IPO will list on BSE SME with tentative listing date fixed as Friday, August 10, 2018.
Salebhai Internet IPO price is ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Monarch Networth Capital Ltd is the book running lead manager of the Salebhai Internet IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Salebhai Internet IPO RHP for detailed information.
| IPO Date | July 27, 2018 to August 1, 2018 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,259,600 shares (aggregating up to ₹23.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 116,400 shares |
Salebhai Internet IPO a total of 2,259,600 shares are offered. RII: 1,071,600 (47.42%), NII: 1,071,600 (47.42%).
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 116,400 (5.15%) |
| Other Shares Offered | 1,071,600 (47.42%) |
| Retail Shares Offered | 1,071,600 (47.42%) |
| Total Shares Offered | 2,259,600 (100%) |
Salebhai Internet IPO opens on July 27, 2018, and closes on August 1, 2018.
| IPO Open Date | Friday, July 27, 2018 |
| IPO Close Date | Wednesday, August 1, 2018 |
| Basis of Allotment | Tuesday, August 7, 2018 |
| Initiation of Refunds | Wednesday, August 8, 2018 |
| Credit of Shares to Demat | Thursday, August 9, 2018 |
| Listing Date | Friday, August 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2018 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| Lot Size Calculator | |||
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.
| 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) | |||
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
[Dilip Davda]
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...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)
| Category | Subscription (times) |
|---|---|
| Other | 0.46 |
| Retail | 0.06 |
| Total | 0.26 |
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 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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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 July 27, 2018, and closes on August 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 July 27, 2018 and closes on August 1, 2018.
Salebhai Internet IPO lot size is 1200 Shares, and the minimum amount required is ₹126,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Salebhai Internet IPO will be done on Tuesday, August 7, 2018, and the allotted shares will be credited to your demat account by Thursday, August 9, 2018. Check the Salebhai Internet IPO allotment status.
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