The Salebhai Internet date has been confirmed from July 27, 2018 and ended on August 1, 2018. Read the post to learn about Salebhai Internet IPO GMP.
Salebhai Internet Developers IPO is a fixed price issue of Rs 23.73 crores. The 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.
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Key Details Of Salebhai Internet IPO:
Bidding Dates
July 27- Aug 1
Price Range
₹105 per share
Face Value
₹10 per share
GMP
₹[.]
Salebhai Internet IPO GMP
The Salebhai Internet IPO GMP is ₹[.].
IPO Overview
Salebhai Internet IPO is a fixed-price issuance worth Rs 23.73 crore. Salebhai Internet IPO bidding began on July 27, 2018 and finished on August 1, 2018. The allotment for the Salebhai Internet IPO was finalized on Tuesday, August 7, 2018. Salebhai Internet IPO will float on BSE SME, with a tentative listing date of Friday, August 10, 2018. Salebhai Internet’s IPO price is ₹105/share.
The minimum lot size for an application is 1200 shares. The minimum investment for retail investors is ₹126,000. As of March 2017, 22% of the company’s buyers had ordered at least twice from the website, while 19% had placed more than five orders. The company’s payroll includes 31 regular employees.
Salebhai Internet IPO Details
| 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 Company Financials
| 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) | |||
Salebhai Internet IPO Timeline
| 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 |
Company Profile
Salebhai Internet Limited, headquartered in Ahmedabad, was founded in 2015 as an e-commerce company. The company has a website, salebhai.com, that allows people living abroad to order specialties from their hometowns. The company’s products include sweets, bread, beverages, spices, dry fruits, namkeen, chocolates, and pickles. Customers can also buy handicrafts, handloom goods, paintings, puja items, and herbal and health products from its website. Salebhai intends to expand into smaller towns in order to deepen and broaden its services to clients by adding additional product categories that they now lack. It intends to add an additional 400 merchants by the end of 2018.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Salebhai Internet Limited |
| Phone number | 079 – 4899 9917 |
| Email ID | [email protected] |
| Website | salebhai.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Salebhai Internet IPO FAQs
When Salebhai Internet IPO will open?
The Salebhai Internet IPO opens on July 27, 2018 and closes on August 1, 2018.
What is the lot size of Salebhai Internet IPO?
Salebhai Internet IPO lot size is 1200 Shares, and the minimum amount required is ₹126,000.
When is Salebhai Internet IPO allotment?
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.
When is Salebhai Internet IPO listing date?
The Salebhai Internet IPO listing date is not yet announced. The tentative date of Salebhai Internet IPO listing is Friday, August 10, 2018.
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