Snapdeal IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed talk about the approaching IPO of one of India’s leading online shopping platforms, Snapdeal.
From the latest fashion for men, women, and kids to home and kitchen appliances to toys and beauty products, snapdeal offers it all.
The E-commerce platform has gained attention and which is directly reflected in its financial statements and by the number of installations.
Snapdeal IPO will enhance its visibility in the market and the company will attain the advantages of listing.
| Face Value | Rs 1 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Not Disclosed |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
Snapdeal IPO Overview
Snapdeal limited has proposed an IPO and has filed the preliminary papers for the same.
The Snapdeal IPO has been proposed by the company for encouraging organic growth initiatives and to attain the advantages of listing.
The IPO will be listed to the main board i.e., NSE and BSE. With this IPO, Snapdeal will be offering fresh shares worth Rs. 1,250 crore and 30.77 million equity shares via an Offer for Sale.
Snapdeal IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Snapdeal IPO Dates are not available up to now. The company had recently filed the DRHP with SEBI and is gearing to garner funds from the public as soon as it obtains the nod from the capital market regulator.
IPO date is the date on which the shares or other securities, as the case may be are made available for the public to subscribe. Investors can submit their bids during this time for allotment.
Once the shares of an entity are listed on the stock exchange, the entity becomes liable to abide by all the regulations and laws made in regards to listed entities.
Snapdeal IPO Price, Size, Share Offerings
| Face Value | Rs.1 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Not Disclosed |
| IPO Size | Not Disclosed |
The face of the shares being offered in the Snapdeal IPO is Rs. 1. The price of the shares will be calculated post the bids that have been placed by the prospective investors based on the demand.
Snapdeal IPO Size and Snapdeal IPO Price are not determined yet.
With this IPO, some of the existing shareholders will be diluting their holding in the company. It is important to note that neither of the two promoters Kunal Bahl and Rohit Bansal sold their shares in the IPO.
Therefore, their stake will remain same post IPO.
Snapdeal IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Since the IPO dates in regards to the Snapdeal GMP IPO are not open yet, there are no Grey Market activities taking place for the Snapdeal IPO.
Wondering what is Grey Market..? It is an unofficial market, not regulated by any statutory body where the buyer and seller trade in the shares without any written contract, but with a small slip which serves as a contract.
Investors have a keen observation of the Grey Market activities and estimate the price at which the shares will be listed on the stock exchange.
Snapdeal IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The value-driven online shopping platform, Snapdeal is setting the right pace to open for subscription and widening its family with the upcoming IPO. Snapdeal currently has about 71 shareholders.
Up to now, no specified details are available about the Snapdeal IPO Subscription. The company is right now waiting for the observation letter from SEBI, so that it can proceed with further process.
As per the DRHP, the reservations for the allotment is in the following manner:
For QIBs, not less than 75%, not more than 15% of the offer will be available for allocation for Non-Institutional Buyers and not more than 10% of the offer will be reserved for the Retail Investors.
The Lead Managers of the issue are:
- Axis Capital Limited
- BofA Securities India Limited
- CLSA India Private Limited
- JM Financial Limited
The details in respect of the price band and subscription will be made available in a short time.
For the Latest Bid details click on the above links.
- Snapdeal IPO LIVE Bid details on BSE
- Snapdeal IPO LIVE Bid details on NSE
Snapdeal IPO Allotment Status
The basis of Snapdeal IPO allotment has not been declared yet.
The lead managers of the Snapdeal IPO are:
- Axis Capital Limited
- BofA Securities India Limited
- CLSA India Private Limited
- JM Financial Limited
The Registrar of the issue is Link Intime India Private Limited.
Snapdeal IPO Live Performance
Check out the live performance of the Snapdeal IPO from the given below link Snapdeal IPO Share Price.
Since the IPO is not live right now, no updates are available on its performance on the exchange.
Subscribe to Snapdeal IPO – Open Free Demat Account Now!
Latest Snapdeal IPO News
The company has filed its DRHP in December 2021 and is now expecting its approval on the same.
The IPO is a combination of a fresh issue and an Offer for Sale where some of the existing shareholders are selling their stakes and seeking an exit.
Snapdeal – Company Review
Instituted as Jasper Infotech Private Limited, in the year 2007 as a private limited company offering a daily deals platform to its customers.
It was in 2011, when the company expanded and became an online marketplace and has been growing ever since.
The company is headquartered in Delhi. In the year 2019, the name of the company was changed from Jasper Infotech Private Limited to Snapdeal Private Limited.
The platform focuses on E-Commerce segment and emphasizes offering its customers good quality and Value-for-money options in goods. It offers a very wide variety of goods on the platform.
Products or Services
Snapdeal is an E-commerce shopping platform that facilitates an extensive range of products to its customers at very accessible and reasonable prices.
The platform strives at giving a value-for-money shopping experience to its customers. The platform is gaining recognition amongst people with the passage of time.
Snapdeal emphasizes on value-driven E-Commerce segment and impacting lives with its operations and these values set it apart from its competitors.
Snapdeal’s product portfolio includes clothes for men, women, and kids, Home and kitchen appliances, toys, beauty, health, and daily used items and is more popular in II-tier cities of the countries.
Promoters and Holding
The company is professionally managed and does not have an identifiable promoter.
The founders of the company are: Kunal Bahl and Rohit Bansal
The management of the company comprises of:
- Kunal Bahl holds the position of Chairman and Whole-time Director
- Rohit Kumar Bansal holds the position of Whole-time Director
- Akhil Kumar Gupta holds the position of Non-Executive Director (Nominee Director)
- Saurabh Jalan holds the position of Non-Executive Director (Nominee Director)
- Vikas Bhasin holds the position of Chief Financial Officer
- Himanshu Chakrawati holds the position of President
- Smriti Subramanian holds the position of General Counsel
- Saurabh Bansal holds the position of Chief Merchandising Officer
- Roshni Tandon holds the position of Company Secretary
Is Snapdeal good for Investment?
The company is undisputedly making progress in its operations. It’s widening its area of operations.
Though it still falls behind as compared to its big competitors like Amazon and Flipkart, it is moving ahead with surplus profits.
During the recent festive season, the entity’s revenue evidenced a rocket-fueled growth of about 254% in the fashion category, 101% in the kitchen category, and 93% in the beauty category.
Now, the Delhi-based startup, Snapdeal is breaking the shells of a private company and making an entrance on the stock exchange list with its Snapdeal IPO. It is a combination of a fresh issue worth Rs. 1250 crores and an Offer for Sale of about 30,769,600 equity shares.
Snapdeal Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 6,836.28 | 7,953.48 | 9,253.05 | 13,596.90 |
| Revenue | 2,528.41 | 5,102.68 | 9,166.62 | 9,253.19 |
| Expense | 4,290.92 | 6,363.50 | 12,110.22 | 11,137.82 |
| Profit After Tax | (1,770.77) | (1,254.40) | (2,735.40) | (1,880.31) |
The company is not yet a profit-making entity. It faces stiff competition from its competitors and majorly lacks behind in terms of operations and profits.
Snapdeal has been incurring year-on-year losses. The losses as reported by the entity for the financial years 2019, 2020, and 2021 are – Rs. 187 crores, Rs. 274 crores and Rs. 125 crores respectively.
Also, due to the setbacks and restrictions of COVID-19, its revenue has dived from Rs. 917 crores in 2020 to Rs. 510 crores in 2021.
The entity covers about 96% of the pin codes in the country and offers an extensive range of products to its customers. With the upcoming Snapdeal IPO, it is having high hopes to turn around the situation in its favor.
| Earnings per Equity Share (in Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (4.49) | (3.18) | (6.94) | (7.23) |
Snapdeal IPO Review
The online shopping platform E-commerce company emphasizes the value segment, offers its customers high-quality goods at very affordable prices.
As per sources, 90% of the items available on the application target cost within Rs. 1000. Restructuring its operations, Snapdeal strives at targeting audiences of the non-metro, II-tier, and III tier cities.
Snapdeal falls way behind from its competitors, Amazon and Flipkart, and also in 2017, it stepped down from a merger deal with Flipkart.
Ever since then, the entity is attempting to change its game plan and restructuring as “Snapdeal 2.0”.
The efforts of Snapdeal are very much directed towards promoting “Bharat”. Customers can browse for their favorite product on the application in 9 languages.
Snapdeal IPO Details
Here are a few more details you need to know before investing in Snapdeal IPO –
Snapdeal IPO Issue Object
Snapdeal has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding organic growth initiatives
- General corporate purposes.
Snapdeal IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- India’s largest pure-play value eCommerce platform.
- Wide selection of value merchandise at affordable prices from a network of quality-focused sellers.
- Discovery-led and personalized buying journey driven by artificial intelligence and machine learning helps value shoppers find relevant and interesting products on our platform.
- Asset-light and technology-backed logistics and UniMove Logistics Platform enable a higher degree of control, improve user experience, and reduce pre-delivery returns, leading to positive unit economics.
- High touch, easy-to-reach and multi-lingual user support for new and early internet shoppers.
- Proprietary technology stack custom-built for the needs of value eCommerce, with limited external dependencies and lower operating expenses.
- Strong governance practices, experienced management, and marquee investors.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (3.18) | (24.17) | 13.16 |
| 31-Mar-20 | (6.94) | (41.87) | – |
| Mar-19 | (7.23) | (29.00) | – |
Snapdeal IPO Lead Managers
Here are the list of Lead managers –
- Axis Capital Limited
- BofA Securities India Limited
- CLSA India Private Limited
- JM Financial Limited
Snapdeal IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 247 Park, 1st Floor
L.B.S. Marg, Vikhroli West Mumbai 400 083
Tel: +91 22 4918 6200
E-mail: snapdeal.ipo@linkintime.co.in
Investor Grievance e-mail:
snapdeal.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Snapdeal IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – HDFC Bank Limited, RBL Bank Ltd, and Yes Bank Limited
Snapdeal IPO – Conclusion
The proceeds of the IPO will be utilized towards implementing expansion and strengthening its logistics and spread over the country.
It offers local to international brands on the application. And as a part of its strategy, it is investing in marketing and formulating other strategic projects.
Snapdeal IPO is risky. It is not a profit-making company and even in the DRHP, it stated that the entity may incur losses in the future. With the IPO, its shareholders are also attempting to make an exit from the startup.
To Subscribe to Snapdeal IPO – Open Demat Account Now!
Snapdeal IPO Review FAQs
Check out the FAQs on Snapdeal IPO –
What is the Issue Size of Snapdeal IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Snapdeal IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Snapdeal IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Snapdeal IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Snapdeal IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Snapdeal IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Snapdeal IPO?
Here are the promoters of this IPO – PROFESSIONALLY MANAGED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Snapdeal IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Snapdeal IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Snapdeal Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is (1,254.40), 2020 is (2,735.40), 2019 is (2,735.40). PAT from June 2021 is (1,770.77).
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