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Snapdeal IPO Details
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IPO Size
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About Snapdeal IPO
After shelving its IPO plan earlier, AceVector, the parent company of Snapdeal, has filed papers with market regulator Sebi for its initial public offering via the confidential route. The total issue size of the IPO is pegged at ₹500 crores and will comprise a fresh issue of shares along with an offer for sale. The move comes after more than two and half years when Snapdeal withdrew its ₹1250 crores IPO plan citing adverse market conditions.
Founded in 2010, Snapdeal was once a major player in the Indian e-commerce market. However, it lost momentum and was on the verge of a shutdown at one point. However, thanks to its shift to value ecommerce, it gradually came back on track.
Objectives of Snapdeal IPO
TBA
Snapdeal IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | TBA | TBA | TBA |
Individual Investors (Retail) (Max) | TBA | TBA | TBA |
HNI (Min) | TBA | TBA | TBA |
Snapdeal IPO Offer and Subscription Details
Industry Outlook
According to a joint report by ANAROCK and ETRetail, India's e-commerce industry is projected to reach USD550 billion by 2035. The growth will primarily be propelled by increasing internet penetration, smartphone adoption and enhanced digital payment infrastructure, along with key government initiatives like Digital India. Also, increasing the participation of consumers from smaller cities is a key driver of this expansion.
Company Information
Once among India's leading e-commerce marketplaces, Snapdeal has now adopted a more value-conscious approach, with a tier II and tier III-focused strategy. It has also built Stellaro, which happens to be a private label portfolio focusing on affordable fashion and home categories.
Strengths of Snapdeal
- Strong banding and continuous innovation
- Large network of retailers
Risks of Snapdeal IPO
- Intensely competitive market
- Total reliance on online resources
Snapdeal Financials (in ₹ crores)
| Year | Revenue from Operations | Total equity and liabilities | Return on Net Worth (in %) |
|---|---|---|---|
FY'25 | TBA | TBA | TBA |
FY'24 | TBA | TBA | TBA |
FY'23 | TBA | TBA | TBA |
Comparison with peers
| Company Name | Revenue from Operations (in ₹ crores) | EPS in ₹ | NAV Per Equity Share (in ₹) | Return on Net Worth (in %) |
|---|---|---|---|---|
Snapdeal | TBA | TBA | TBA | TBA |
Flipkart | TBA | TBA | TBA | TBA |
Amazon | TBA | TBA | TBA | TBA |
**Anchor Investor Bidding Date ** TBA
IPO Registrar and Book Running Lead Managers
- IPO Registrar: TBA
- Book Running Lead Managers: TBA
Business Model
The primary revenue streams of Snapdeal include marketing services, e-commerce enablement and other ancillary sources. It has a marketplace business model linking consumers with sellers. It charges sellers for using its platform and also earns revenue from advertising.
Company Growth Trajectory
The operating income of Snapdeal stood at ₹379.76 crores in FY 24, up by 2.1% from ₹371.96 crores in FY 23. The firm's improved performance was visible in the 43.2% reduction of loss to ₹160.38 crores in FY24. Its total expenditure dropped by 21.4% to ₹540.76 crores in FY 24 from ₹687.93 crores in FY 23.
Market Position
As per estimates, Snapdeal has over 40 million monthly active users and over 550 million monthly page views with an exclusive focus on value selection. The firm earns more than 77% of its revenues from repeat customers, with 86% of its orders coming from outside metro cities.
Snapdeal Profit and Loss (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Income | TBA | TBA | TBA |
Profit / (Loss) Before Tax | TBA | TBA | TBA |
Profit After Tax | TBA | TBA | TBA |
EBITDA | TBA | TBA | TBA |
EPS in ₹ | TBA | TBA | TBA |
Snapdeal Balance Sheet (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit / (Loss) Before Tax | TBA | TBA | TBA |
Net Cash from Operating Activities | TBA | TBA | TBA |
Cash Generated (Used in) Investing Activities | TBA | TBA | TBA |
Net Cash Generated / (Used in) Financing Activities | TBA | TBA | TBA |
Cash and Cash Equivalents at the End of the Year | TBA | TBA | TBA |
How to Check Allotment Status of Snapdeal IPO?
1. Visit the Registrar’s Website
Visit the registrar’s website and find out the IPO allotment status link. Click on it and enter either your PAN, DP ID or application number. Click on ‘Submit’ button to know the status.
2. Check on the National Stock Exchange Website
The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of Snapdeal IPO. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO bid verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
3. Check on the BSE Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Select 'Equity' from the dropdown menu
- Choose 'Snapdeal' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search’ to know allotment status
How to Apply for the Snapdeal IPO?
To apply for this IPO:
- Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Snapdeal IPO FAQs
What is the Snapdeal IPO?
As per reports, the Snapdeal IPO comprises a fresh issue and an offer for sale aggregating up to ₹500 crores.
When is the IPO of Snapdeal coming?
The exact dates of the IPO are yet to be announced.
Who is the Chairman of Snapdeal?
Kunal Bahl is the Chairman and co-founder of Snapdeal.
What is the lot size of shares in the Snapdeal IPO?
The lot size of shares in this IPO is yet to be announced.
From where can I read more about Snapdeal and its IPO?
You can read more about Snapdeal and its IPO from the company’s draft red herring prospectus here.