{"id":10116,"date":"2021-12-21T11:07:49","date_gmt":"2021-12-21T05:37:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-snapdeal\/"},"modified":"2021-12-21T13:49:30","modified_gmt":"2021-12-21T08:19:30","slug":"biz-ipo-snapdeal","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-snapdeal\/","title":{"rendered":"Snapdeal files papers with Sebi to raise funds via IPO"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3315499679\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 21 (PTI) E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1530281603\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares, according to the draft red herring prospectus (DRHP).<\/p><p>According to market sources, a potential listing could value Snapdeal at about USD 1.5-1.7 billion.<\/p><p>Snapdeal\u2019s founders Kunal Bahl and Rohit Bansal are not selling any of their holding in the IPO.<\/p><div class=\"trade-content_5\" id=\"trade-1115047708\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Those selling shares in the OFS are Starfish I Pte, Wonderful Stars, Sequoia Capital, Kenneth Stuart Glass, Myriad Opportunities Master Fund, Ontario Teacher\u2019s Pension Plan Board, Laurent Amouyal and Milestone Trusteeship Services.<\/p><p>Proceeds from fresh issue would be used towards funding organic growth initiatives, expanding logistics capabilities, and enhancing the company\u2019s tech infrastructure. Axis Capital, BofA Securities India, CLSA India and JM Financial are the book running lead managers to the issue.<\/p><p>A stellar response to Zomato\u2019s IPO, and a profitable listing in July has prompted a number of internet-led businesses to make a beeline for this route.<\/p><p>Since then a number of internet-led businesses, including Nykaa, Paytm and PolicyBazaar got listed on the exchanges too. However, Paytm \u2014 one of the most awaited IPOs \u2014 witnessed a lacklustre listing.<\/p><p>Snapdeal is an e-commerce company, and focuses exclusively on the value segment, with more than 90 per cent of the products sold on the platform priced below Rs 1,000 and more than 80 per cent of its users residing beyond the metro cities.<\/p><p>Once a leading player in the Indian e-commerce space, Snapdeal has seen its fortunes falling amid strong competition from rivals Amazon and Flipkart.<\/p><div class=\"trade-content-10\" id=\"trade-1356705029\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In 2017, Snapdeal walked away from a potential merger deal with Flipkart and instead pursued what it called the \u201dSnapdeal 2.0\u201d strategy to become \u201cfinancially self-sustainable\u201d.<\/p><p>The company, which is backed by Softbank, BlackRock Inc, Temasek Holdings Pte and eBay Inc, has been investing in video, vernacular and other strategic projects, aimed at growing the online market among new users, especially those coming in from tier II cities and beyond.<\/p><p>The company\u2019s Power Brands, UniMove logistics platform, multi-lingual user support and its discovery-based shopping approach that replicates the offline journey of buyers are some of the capabilities built by it as part of its Bharat-focused strategy.<\/p><p>As part of its expansion plans, Snapdeal plans to expand into omnichannel distribution through partner-driven offline stores. The offline channels accounted for 92 per cent of all sales in the value lifestyle retail market, as of the financial year 2021. PTI SP ANS ANS<\/p><div class=\"trade-after-content\" id=\"trade-1314938804\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 21 (PTI) E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":10127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31,1789],"tags":[],"class_list":["post-10116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Snapdeal files papers with Sebi to raise funds via IPO - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-snapdeal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Snapdeal files papers with Sebi to raise funds via IPO\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 21 (PTI) E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. 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