Snapdeal IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Snapdeal IPO at IPOBase. Explore Snapdeal IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Snapdeal is one of India's largest pure-play value eCommerce platforms, boasting significant market share in terms of revenue as of the Financial Year 2020. With over 200 million app installations on the Google Play Store, it holds a prominent position as one of the top online lifestyle shopping destinations in India. Founded in 2007, the platform initially started as a coupon booklet business, which evolved into an online deals platform in 2010 and a full-fledged online eCommerce marketplace in 2012.
Key Points:
- Market Position and Reach: Snapdeal is recognized as a leading player in India's eCommerce landscape, catering primarily to the value-conscious segment of the market. It serves users across the nation, with a particular focus on mid-income buyers located in Tier 2+ cities. The platform's extensive reach is evidenced by its large user base and high app installations.
- Product Offering: Snapdeal hosts a wide selection of merchandise across lifestyle categories, including fashion, home and general merchandise, beauty and personal care, and more. The platform aims to provide good quality products at value prices, catering to the distinct buying needs of 'Bharat' shoppers.
- Business Model and Revenue Streams: The company primarily derives revenues through marketing fees and freight and collection fees charged from sellers on its platform. Snapdeal removed shipping or cash-on-delivery charges in April 2021 to attract buyers and increase delivered units and revenue. Its revenue depends on the number and value of units sold on the platform, and the company has experienced consistent growth in delivered units over recent quarters.
- Focus on Growth: Snapdeal has focused on growth initiatives while simultaneously improving cost efficiencies. The company actively reduced marketing and advertising costs, optimized its supply chain, and enhanced product quality to achieve positive unit economics and reduce losses. Investments in marketing initiatives aim to drive user engagement and increase delivered units further.
IPO Docs
Objects of the Issue
- Funding organic growth initiatives
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | To be announced |
| IPO Price Band | ₹ per share |
| Fresh Issue | TBA |
| Offer For Sale | 30,769,600 shares |
| Total IPO Size | ₹ 1,250.00 crore |
| Face Value | ₹ 1 |
| Listing On | BSE, NSE |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2019 | 31st March 2020 | 31st March 2021 | Sept 2021 |
|---|---|---|---|---|
| Total Income | 925.3 | 916.7 | 510.3 | 252.8 |
| Total Expenses | 1,113.8 | 1,211.0 | 636.4 | 429.1 |
| Net Profit/Loss | -186.5 | -273.5 | -124.5 | -175.9 |
| NPM (*) | -20.16 | -29.8 | -24.3 | -69.6 |
| Total Assets | 1,359.7 | 925.3 | 795.3 | 683.6 |
| Total Liabilities | 714.7 | 272.0 | 276.3 | 370.7 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2019 | 31st March 2020 | 31st March 2021 | Sept 2021 |
|---|---|---|---|---|
| EPS | -7.23 | -6.94 | -3.18 | -4.49 |
| ROE (%) | -29.0 | -41.87 | -24.17 | -56.58 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 1.61 | 2.71 | 2.48 | 1.48 |
| EBITDA MARGIN (%) | -26.41 | -34.92 | -19.57 | -67.42 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
The company is managed professionally without a designated promoter, in accordance with SEBI ICDR Regulations and the Companies Act.
Lead Managers
- Axis Capital Limited
- BofA Securities India Limited
- CLSA India Private Limited
- JM Financial Limited
Company Address
Snapdeal Limited
SproutBox Suryavillas, Suite # 181 TR -4, First Floor D-181,
Okhla Industrial Area, Phase I, New Delhi - 110020
Phone: +91 11 40366529
Email: complianceofficer@snapdeal.com
Website: www.snapdeal.com
FAQs
- What is the issue size of the Snapdeal IPO?The Snapdeal IPO has an issue size of ₹ 1,250.00 crore. This includes a fresh issue of TBA and an offer for sale (OFS) of 30,769,600 shares.
- What is the price band of the Snapdeal IPO?The price band for the Snapdeal IPO is yet to be announced.
- What are the bidding dates for the Snapdeal IPO?The Snapdeal IPO bidding dates haven't been announced yet.
- What is the allotment date for the Snapdeal IPO?The allotment date for the Snapdeal IPO has not been announced yet.
- What is the listing date for the Snapdeal IPO?The listing date for the Snapdeal IPO has not been announced yet.
- What is the Snapdeal IPO grey market premium?The grey market premium (GMP) for the Snapdeal IPO is currently at ₹0, with an expected listing gain of approximately %. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.