Unicommerce eSolutions IPO is a book built issue of Rs 276.57 crores. The issue is entirely an offer for sale of 2.56 crore shares.
Opens for subscription on August 6, 2024 and closes on August 8, 2024. The allotment for the Unicommerce eSolutions IPO is expected to be finalized on Friday, August 9, 2024. Unicommerce eSolutions IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, August 13, 2024.
Price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (1,932 shares), amounting to ₹208,656, and for bNII, it is 68 lots (9,384 shares), amounting to ₹1,013,472.
Iifl Securities Ltd and Clsa India Private Limited are the book running lead managers of the Unicommerce eSolutions IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Unicommerce eSolutions IPO RHP for detailed information.
Table of Contents
Unicommerce eSolutions IPO Details
IPO Date |
August 6, 2024 to August 8, 2024 |
|---|---|
Listing Date |
[.] |
Face Value |
₹1 per share |
Price Band |
₹102 to ₹108 per share |
Lot Size |
138 Shares |
Total Issue Size |
25,608,512 shares |
Offer for Sale |
25,608,512 shares of ₹1 |
Issue Type |
Book Built Issue IPO |
Listing At |
BSE, NSE |
Share holding pre issue |
102,434,048 |
Share holding post issue |
102,434,048 |
Unicommerce eSolutions 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 |
Unicommerce eSolutions IPO Timeline (Tentative Schedule)
Opens on August 6, 2024, and closes on August 8, 2024.
| IPO Open Date | Tuesday, August 6, 2024 |
| IPO Close Date | Thursday, August 8, 2024 |
| Basis of Allotment | Friday, August 9, 2024 |
| Initiation of Refunds | Monday, August 12, 2024 |
| 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 |
Unicommerce eSolutions IPO Lot Size
Investors can bid for a minimum of 138 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
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 |
About Unicommerce eSolutions Limited
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.
The company has a wide range of technology and partner integrations. 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.
The company’s clients span various sectors, including fashion, electronics, home and kitchen, FMCG, beauty, sports, fitness, nutrition, health, pharma, and third-party logistics. Some of the company’s prestigious clients include Lenskart, SupperBottoms, Zivami, Chumbak, Paragon, PharmEasy, XpressBees, Shiprocket, Mamaearth, Sugar Cosmetics, Cello, and so on.
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.
Unicommerce eSolutions Limited Financial Information (Restated)
Unicommerce eSolutions Limited’s revenue increased by 17.71% and profit after tax (PAT) rose by 101.95% between the financial year ending with March 31, 2024 and March 31, 2023.
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 |
Key Performance Indicator
The market capitalization of Unicommerce eSolutions IPO is Rs 1106.29 Cr.
KPI as of March 31, 2024.
KPI |
Values |
|---|---|
ROE |
17.36% |
ROCE |
25.93% |
RoNW |
18.98% |
P/BV |
15.81 |
Objects of the Issue
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.
IPO Review (May apply)
[Dilip Davda] Based on its financial performance, the company claims to be the only profit making company in the ecommerce enablement SaaS platform having a global play. It marked growth in its top and bottom lines for the reported periods. However, its net profit surge for FY24 raise eyebrows. Based on FY24 super earnings, the issue appears aggressively priced. The company is trying to extract fancy valuations for its maiden secondary offer with a first mover tag. Well-informed investors may park funds for long term.
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