Salebhai Internet IPO

Salebhai Internet IPOBusiness description - Salebhai.com is an Indian e-commerce portal that enables people living away from home order a range of specialties directly from their hometowns. It is also a one-stop solution for those who want to discover regional products from across India. People can pick from a wide variety of delicious consumable items like sweets, namkeen, chocolates, bakery, spices, dry fruits, beverages, and pickles. Salebhai also offers other products such as handicrafts, paintings, puja items, handloom goods, and herbal & wellness items.

After studying migration trends among Indian citizens, it was observed that most people moved to fast growing cities like Ahmedabad, Bangalore, Chennai, Delhi, Kolkata, and Mumbai – either due to employment opportunities, education, or marriage. The data on migration in the 2011 Census also revealed that 2 out of every 5 Indians are migrants, which make for a whopping 40% Diaspora population. The market gap also demonstrated that migration created a void in people‘s lives. Therefore, driven by back-to-roots philosophy, this E-commerce marketplace focuses on requirements of over 17 Diaspora communities living in big Indian cities as well as those who live abroad. With 8500 products sourced from over 100 cities and 300 select vendors, the company provides people with an opportunity to buy products in various categories from sellers across India as well as discover new items from different communities and cultures.

Promoters of Salebhai Internet – Mr Vishwavijay M Singh, Mr Anandprakash Varani, and Ms Purba Kalita
Salebhai Internet IPO details
Subscription Dates 27 July - 2 Aug 2018 (IPO canceled due to unavoidable circumstances)
IPO Price band INR105 per share
Fresh issue 2,259,600 shares (INR23.73 crore)
Offer for sale Nil
Total IPO size 2,259,600 shares (INR23.73 crore)
Minimum bid (lot size) 1,200 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Objects of the issue
  • Operating Expenditure - INR5.43 crore
  • Customer Acquisition - INR7.50 crore
  • IT Development - INR5.00 crore
  • General Corporate Purpose - INR5.10 crore
  • Brand Building & Promotion - INR0.20 crore
  • Issue expenses - INR0.50 crore
Salebhai Internet's financial performance (in INR lakh)
FY2016 FY2017 10M FY2018
Total revenue 3.7 46.0 113.3
Total expenses 114.6 334.3 273.2
Profit after tax -111.2 -288.1 -159.9
Salebhai Internet's Contact Details

Salebhai Internet Limited
307-A,C/o Safal Pegashis
Opp. Kiran Motors, Prahalad Nagar
Vejalpur, Ahmedabad – 380015

Phone: +91 079 4899 9917
Email: [email protected]
Website: www.salebhai.com

Salebhai Internet IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.17
Day 2 0.24
Day 3 0.24
Day 4 0.24
Day 5
Salebhai Internet Valuation (Latest FY)

Earnings Per Share (EPS): - INR68.25

Price/Earnings (P/E) ratio: NA

Return on Net Worth (RONW): -172.01%

Net Asset Value (NAV): INR31.93 per share

Registrar of Salebhai Internet IPO

Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India

Phone: +91 22 2851 1022
Email[email protected]
Website: www.skylinerta.com

Salebhai Internet IPO Allotment Status

Salebhai Internet IPO allotment status will be available on Skyline Financial Services' website. Click on this link to get allotment status.

Listing performance of Salebhai Internet

IPO Opening Date: 27 July 2018 (IPO canceled due to unavoidable circumstances)

IPO Closing Date: 2 August 2018

Listing Date: To be updated

Listing Price on BSE SME: To be updated

Closing Price on BSE SME: To be updated

Salebhai Internet IPO
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