About Snapdeal IPO
The journey of the e-commerce platform Snapdeal resembles a Bollywood film. Like an ambitious protagonist, in 2010, Snapdeal became one of the earliest unicorns in India and gradually, the second largest e-commerce company. But it faced a downturn in 2017. The e-commerce platform was cash-starved and faced intense competition from Flipkart and Amazon.
But its founder and the management didn’t give up and are slowly scripting a turnaround. And now, this company is set to tap the equity markets to fund its next phase of growth.
The Snapdeal IPO will be a combination of a fresh issue and an offer for sale. The money raised through the fresh issue of the Snapdeal Ltd IPO will be used for funding the organic growth, through marketing and business promotion. The net proceeds of the IPO will be deployed to attract new users and retain existing users, as well as for the upgradation of the technology infrastructure.
Here are some key details about Snapdeal IPO:
A quick look at Snapdeal IPO’s strengths, risks and threats
Risks and threats
Snapdeal IPO details
| Snapdeal IPO date
The company has filed the Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. But the Snapdeal IPO’s opening date – in other words, the Snapdeal IPO launch date – hasn’t been announced yet. The Snapdeal IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Snapdeal shares allotment date.
Investors, who receive allotment, can expect Snapdeal shares to be credited in their demat account after the allotment date. Besides this, the Snapdeal IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Snapdeal IPO.
| Snapdeal IPO Price Band
The Snapdeal IPO is a book-built issue. The Snapdeal IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Snapdeal IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the Snapdeal IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Snapdeal IPO Lot size
The Snapdeal IPO details haven’t been declared. Hence, the Snapdeal IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Snapdeal IPO issue size could be around ₹1,250 crore.
How to apply for the Snapdeal IPO?
If you are interested in this investment opportunity but unsure how to apply for the Snapdeal IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Snapdeal IPO on Upstox:
How to check the Snapdeal IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Snapdeal IPO allotment status:
Open a demat account with Upstox to apply for the Snapdeal IPO
To apply for the Snapdeal IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Snapdeal IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Snapdeal IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Snapdeal IPO means applying for this public issue before it goes live. However, pre-apply for the Snapdeal IPO isn’t open currently.
The pre-apply for the Snapdeal IPO usually begins two days before the launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Snapdeal IPO opens for subscription.
The dates for the Snapdeal IPO haven’t been announced yet.
The details about the Snapdeal IPO’s lot size haven’t been announced yet.
The price band for the Snapdeal IPO isn’t available currently.
The size of the Snapdeal IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Snapdeal shares to the demat account has not been announced yet.
Snapdeal shares will list on NSE and BSE
The listing date has not been announced yet.