Finally, Salebhai Internet Limited is finally going to launch its initial public offering (IPO) on July 27 to raise the fund up to INR 23.73 crore. The proceeds of this IPO will be utilized for operating expenditure, IT development, customer acquisition, issue expense and general corporate purpose.

Let’s have a look at the IPO Detail:

IPO to Open: July 27 – Aug 2

Issue Size: 2,259,600 shares

Issue Price: INR 105 / equity share

Minimum Order Quantity: 1200 shares

Issue Type: Fixed Price Issue IPO

Listing at: BSE SME

Company Promoters: Vishwavijay Singh, Purba Kalita and Anandprakash Varani

About Salebhai Internet Limited:

Salebhai Internet Limited is incorporated in 2015, Ahmedabad based company strongly engaged in the e-commerce business. The company is running an online portal salebhai.com to deliver hometown’s specialties to the people living abroad. The range of products includes sweets, beverages, dry fruits, bakery, spices, chocolates, pickles and namkeen. Along with these, it also delivers handloom goods, handicrafts, paintings, herbal, wellness and puja items.