UNICOMMERCE ESOLUTIONS IPO ENDS WITH BLOCKBUSTER SUBSCRIPTION

Published on Aug 09, 2024 17:10

The initial public offer (IPO) of Unicommerce Esolutions received 2,37,16,59,168 bids for shares as against 1,40,84,681 shares on offer. The issue was subscribed 168.39 times.

The Non Institutional Investors (NIIs) category was subscribed 252.48 times. The Qualified Institutional Buyers (QIBs) category was subscribed 138.75 times. The Retail Individual Investors (RIIs) category was subscribed 131.15 times.

The issue opened for bidding on 6 August 2024 and it closed on 8 August 2024. The price band of the IPO was fixed at Rs 102 to 108 per share.

The IPO comprised only of offer for sale (OFS) upto 2,56,08,512 equity shares by AceVectorand and SB Investment Holdings UK.

The firm will not receive any proceeds from the offer. All the offer proceeds will be received by the selling shareholders, in proportion to the offered shares sold by the respective selling shareholders as part of the offer.

Ahead of the IPO, Unicommerce Esolutions on Monday, 5 August 2024, raised Rs 124.46 crore from anchor investors. The board allotted 1.15 crore shares at Rs 108 each to 14 anchor investors.

Unicommerce Esolutions is an e-commerce enablement platform, specializing in software as a service (SaaS) for processing transactions. A comprehensive suite of solutions ensures seamless end-to-end management of e-commerce operations for brands, retailers, and logistics providers. These include a seller management panel for marketplaces, a multi-channel order management system, an omni-channel retail management system, a warehouse and inventory management system, post-order services for logistics tracking and courier allocation, and a payment reconciliation system.

Additionally, several sub-modules can be used by customers for their routine operations. The software ensures that the orders received from clients are processed correctly, efficiently and within timelines.

The firm reported a net profit of Rs 13.08 crore and sales of Rs 103.58 crore for the twelve months ended on 31 March 2024.