Get App
Unicommerce eSolutions IPO is a book-built issue of Rs 276.57 crores. The issue is entirely an offer for the sale of 2.56 crore shares.
The IPO opens for subscription on August 6, 2024, and closes on August 8, 2024. The price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares.
Company Summary
Incorporated in February 2012, Unicommerce eSolutions Limited is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers.
The company offers a range of software products to help businesses efficiently manage their e-commerce operations after purchase. These products include a warehouse and inventory management system, a multi-channel order management system, an omnichannel retail management system, a seller management panel for marketplaces, post-order services for logistics tracking and courier allocation, and a payment reconciliation system
As of March 31, 2024, this includes 101 logistics partner integrations and 11 integrations with ERPs, POS systems, and other systems. These integrations are in place to ensure the smooth operation of an integrated supply chain for clients.
As of March 31, 2024, the company processed 791.63 million order items through its Order Management System (OMS) and had integrations with 131 marketplaces and web store software for automated order information flow.
Since fiscal year 2023, the company has expanded its international client base and had 43 enterprise clients in 7 countries, primarily in Southeast Asia and the Middle East as of March 31, 2024.
As of March 31, 2024, the company had 312 employees in various departments.
Company Strengths
They are India’s largest e-commerce enablement Software-as-a-Service (“SaaS”) platform in the transaction processing or nerve center layer, in terms of revenue for the financial years ended March 31, 2023, March 31, 2022, and March 31, 2021.
For the quarter ended March 31, 2024, they had an annual run-rate of processing 791.63 million order items for 795 enterprise clients and 2,707 SMB clients.
Their revenue from contracts with customers increased by 15.02% in Fiscal 2024, compared to Fiscal 2023, and by 52.56% in Fiscal 2023 compared to Fiscal 2022.
Company Financials
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 109.11 | 81.74 | 59.03 |
| Revenue | 109.43 | 92.97 | 61.36 |
| Profit After Tax | 13.08 | 6.48 | 6.01 |
| Net Worth | 68.91 | 51.89 | 41.37 |
| Reserves and Surplus | 45.87 | 37.70 | 31.47 |
Amount in ₹ Crore | |||
Objectives of the IPO
The company will not receive any proceeds from the Offer, and 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.
Promoters of the Company
AceVector Limited (formerly known as Snapdeal Limited) and Starfish I Pte. Ltd. are the Corporate Promoters of our Company. Kunal Bahl and Rohit Kumar Bansal are the Individual Promoters of our Company.
AceVector Limited holds in aggregate 3,88,05,126 Equity Shares of the face value of ₹ 1, representing 37.88% of the issued, subscribed, and paid-up Equity Share capital and 34.91% of the Equity Share capital on a fully diluted basis,* respectively, of our Company.
IPO details
| IPO Date | August 6, 2024 to August 8, 2024 |
| Listing Date | Tuesday, August 13, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 138 Shares |
| Total Issue Size | 25,608,512 shares (aggregating up to ₹276.57 Cr) |
| Offer for Sale | 25,608,512 shares of ₹1 (aggregating up to ₹276.57 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot Allocation details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 138 | ₹14,904 |
| Retail (Max) | 13 | 1794 | ₹193,752 |
| S-HNI (Min) | 14 | 1,932 | ₹208,656 |
| S-HNI (Max) | 67 | 9,246 | ₹998,568 |
| B-HNI (Min) | 68 | 9,384 | ₹1,013,472 |
Allotment Schedule
| Basis of Allotment | Friday, August 9, 2024 |
| Initiation of Refunds | Monday, August 12, 2024 |
| The Credit of Shares to Demat | Monday, August 12, 2024 |
| Listing Date | Tuesday, August 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 8, 2024 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
To check allotment, click here