Business 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 2851Â 1022
Email:Â [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 2018Â (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
