SoftBank-backed Unicommerce eSolutions is set to unveil its IPO subscription on August 6. The SaaS platform’s IPO will remain open for subscription for two days before closing on August 8.
The IPO will not have a fresh component issue and is entirely an offer for sale of 2.56 crore shares. The share's price is set around Rs 102 to 108 a piece, amounting to Rs 276.57 crore .
The Grey Market premium of the shares is Rs 40, indicating that it is trading at Rs 148 a piece in the market.
Unicommerce IPO Lot Size: The minimum lot size for an application is 138 shares. The minimum amount of investment required by retail investors is Rs 14,904. The minimum lot size for small Non-Institutional Investors (sNII) is 14 lots (1,932 shares), amounting to Rs 208,656 and for big Non-institutional Investors (bNII), it is 68 lots (9,384), amounting to Rs 1,013,472.
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Unicommerce eSolutions IPO's book running lead managers are IIFL Securities Ltd and CLSA India Private Limited. Link Intime India Private Ltd is the registrar for the issue.
The promoters of the company are Acevector Limited (formerly known as Snapdeal Limited), Pte. Ltd, Kunal Bahl and Rohit Kumar Bansal.
SoftBank owns a 29.2 per cent stake in the company with AceVector and B2 capital holding 38.2 per cent and 10 per cent respectively.
The company will not receive any proceeds from the IPO, and all the issue proceeds will be received by the selling shareholders.
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The company’s IPO is set to be finalised by August 9, 2024. The company will make its debut on the stock exchanges, the BSE and the NSE, by August 13, 2024.
Founded in 2012, Unicommerce eSolutions, is a Saas platform that manages e-commerce operations for brands, sellers, and logistics providers. Their company offers a wide range of products to help companies manage their e-commerce operations after purchase.
The market capitalisation of Unicommerce eSolutions IPO is Rs 1106.29 crore. The company has increased its revenue by 17.1 per cent and profit after tax (PAT) rose by 101.95 per cent between the financial year ending with March 31, 2024 and March 31, 2023.
