Salebhai Internet Limited IPO
Issue Analysis :
| Issue opens | July 27, 2018 |
| Issue Closes | August 02, 2018 |
| Issue Price | Rs 105 |
| Lot Size | 1200 |
| Issue Size | 23.73 Cr |
| Lead Manager | MONARCH NETWORTH CAPITAL LIMITED |
| Registrar | Skyline Financial Services Private Ltd |
| Platform | BSE |
Company’s Snapshot :
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.
Object 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
Financial Highlights :
| 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) | |||
Company Promoters:
The promoters of the company are-
- 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.
Contact Company 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/
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