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Leading Ecommerce operator Snapdeal file offer documents with SEBI

Leading ECommerce operator Snapdeal filed a draft offer with SEBI, Snapdeal to hit Dalal street soon. All about Snapdeal IPO.

Snapdeal limited (Jasper Infotech Private Limited) one of the leading e-commerce operators has filed the draft red herring prospectus with the SEBI on 21st December 2021 having its registered office in New Delhi.

Snapdeal has categorized the products and brand under different segments such as Men’s clothing, Women’s clothing, Mobile Accessories, Watches, TVs Audio and Video, Home furnishing, computers and peripherals, appliances, toys and games, home and kitchen, FMCG offer, Memory cards, Books, etc.

As stated in the Draft RHP, in terms of revenue, Snapdeal was India’s largest pure-play value e-commerce platform for the financial year 2020. As per the data as of 31st August, 2021 more than 200 million apps was installed on the google play store and among the top four online lifestyle shopping destination.

As this is an offer of equity shares, there is no credit rating required for the offer and no credit agency registered with SEBI has been appointed in respect of obtaining grading for the offer.

Fresh Issue [authorized by shareholders pursuant to a resolution passed on 5th December 2021]Up to “ ” equity shares aggregating up to Rs. 1250 crore
Offer for saleUp to 30,769,600 equity shares aggregating up to “ ” crores
The objective for raising funds:

(a)Funding organic growth initiatives

(b)General corporate purposes To be finalized, subject to a maximum of 25% of gross receipts  

Rs.900 crores Rs. “ ”

(*) Funding the organic growth through marketing and business promotion to attract new users and retain existing users on the existing platform and up-gradation of the technology infrastructure.

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Restated Consolidated Financial Information (Rs. In millions, except per share data)

Particulars30.09.202131.03.202131.03.202031.03.2019
Total Income2,528.415,102.689,166.629,253.19
Restated Loss for the period/ year(1,770.77)(1,254.40)(2,735.4)(1,870.29)
Loss per equity share    
Basic(4.49)(3.18)(6.94)(7.23)
Diluted(4.49)(3.18)(6.94)(7.23)

Note: [P-22 DRHP] Directors are parties to the criminal proceedings initiated against the company. As of the date, to the extent quantifiable the total expense disallowed with respect to the direct tax matters involving the company amounts to Rs. 11,522.37 million.

Investors are advised to thoroughly go through the Risk related to the business and other details pertaining to the IPO of Snapdeal.

Snapdeal IPO details

IPO Opening Date 
IPO Closing Date 
Face Value 
IPO Price“ ” to “ ” per equity share
Market lot 
Minimum order quantity 
Listing atBSE, NSE
Issue SizeFresh Issue: Up to “ ” equity shares aggregating up to Rs. 1250 crore
OFS: Up to 30,769,600 equity shares aggregating up to “ ” crores

How to check IPO Allotment Status on the BSE India website

Snapdeal IPO subscription details Day wise

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