The company primarily focuses on serving value buyers who belong to the mid-income segment and are predominantly located in Tier 2+ cities, which contributed to over 72% of sales as of September 30, 2021.
Founded in 2007, Snapdeal started out as a coupon booklet business, then transformed into an online deals platform in 2010 and an online eCommerce marketplace in 2012.
In addition to online marketplace operations, Snapdeal, through its subsidiary Unicommerce eSolutions also provides eCommerce software-as-a-service (SaaS) solutions that enable the operation of eCommerce for traditional brands, D2C brands, retailers, online marketplaces, and sellers.
The public offer of Snapdeal comprises a fresh issue of equity shares aggregating up to Rs. 1,250 crores and an offer for sale of 3.07 crore equity shares from existing shareholders, SoftBank, Foxconn, Sequoia Capital amongst others.
|Financial Year Ended||Revenue (₹ Crores)||PAT (₹ Crores)||EPS (₹)|
|As of September 30, 2021||252.84||-177.08||-4.49|
How do I apply to the Snapdeal Limited IPO?You can apply for the Snapdeal Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
Where do I check the allotment status for Snapdeal Limited IPO?You can check the allotment status for the Snapdeal Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.