- The company’s maiden public issue will open for subscription on Tuesday, August 6, and will close on Thursday, August 8
- The allocation to anchor investors is scheduled to take place on Monday, August 5
- Investors can bid for a minimum of 138 equity shares and in multiples thereof.
NE BUSINESS BUREAU
AHMEDABAD, AUGUST 2
SoftBank-backed SaaS platform Unicommerce eSolutions Ltd on Friday announced a price band of ₹102 to ₹108 a share for its ₹276-crore Initial Public Offering (IPO).
The company’s maiden public issue will open for subscription on Tuesday, August 6, and will close on Thursday, August 8. The allocation to anchor investors for the Unicommerce eSolutions IPO is scheduled to take place on Monday, August 5.
Investors can bid for a minimum of 138 equity shares and in multiples thereof.
The issue is entirely an Offer for Sale (OFS) aggregating up to 2.56 crore equity shares valued at ₹276.6 crore, at the upper end of the price band, by the selling shareholders.
AceVector Ltd (previously Snapdeal Limited), Starfish I Pte. Ltd, Kunal Bahl, and Rohit Kumar Bansal are the company’s promoters.
Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders.
Under the OFS, SB Investment Holdings (UK) Ltd, an affiliate of Japan’s SoftBank, will offload 1.61 crore shares, and promoter AceVector Limited (formerly known as Snapdeal Limited) will sell up to 94.38 lakh shares.
It serves a large and growing base of clients in India, including Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, Cello, Urban Company, Mensa, Shiprocket and Xpressbees.
Unicommerce eSolutions Limited, a SaaS platform, was founded in February 2012 and oversees e-commerce operations for brands, sellers, and logistics companies.
The company provides a variety of software solutions to assist companies in effectively managing their online storefronts once they are purchased. A seller management panel for marketplaces, a multi-channel order management system, an omnichannel retail management system, a warehouse and inventory management system, post-order services for logistics tracking and courier allocation, and a payment reconciliation system are some of these goods.
Unicommerce eSolutions IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.
It is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now expanding these operations by adding more clients.
Between March 31, 2024, and March 31, 2023, Unicommerce eSolutions Limited’s profit after tax (PAT) climbed by 101.95%, while its sales increased by 17.71%.
Unicommerce eSolutions share price is likely to be listed on BSE and NSE on Tuesday, August 13.
