Salebhai Internet IPO is set to make its debut on 27th July 18 with 23.73 Cr is a company engaged in e-commerce. The company runs a portal, salebhai.com, to offer people living abroad the chance to order specialties from their hometowns.
Salebhai Internet IPO – overview
| IPO Dates | 27th July-3 Aug 18 |
| IPO Price | INR 105 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,259,600 shares (INR 23.73 crore) |
| Minimum bid (lot size) | 1200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Salebhai Internet IPO – Tentative Dates
| IPO Offer Opening Date | 27th July 2018 |
| IPO Closing Date | 1 Aug 2018 |
| Finalization of Basis of Allotment | 7 Aug 2018 |
| Initiation of refunds | 8 Aug 2018 |
| Transfer of shares to demat accounts | 9 Aug 2018 |
| IPO Listing Date | 10 Aug 2018 |
Company Overview
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 the chance 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 the smaller town to further deepen its offerings to customers and widen its offerings 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.
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
Company Financials
| Particulars | 31-Mar-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) |
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 Lead Manager(s)
- Monarch Networth Capital Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
