Unicommerce eSolutions Sets IPO Price Band
Unicommerce eSolutions Sets IPO Price Band
Unicommerce eSolutions Sets IPO Price Band
News summary

Unicommerce eSolutions, a SoftBank-backed SaaS platform, has announced a price band of ₹102 to ₹108 per share for its upcoming ₹276-crore Initial Public Offering (IPO), set to open for subscription from August 6 to August 8, with anchor bidding starting on August 5. The IPO consists entirely of an Offer for Sale (OFS) of up to 2.56 crore equity shares, with major sellers including SoftBank's SB Investment Holdings and promoter AceVector Limited. The proceeds from this IPO will go exclusively to the selling shareholders. Unicommerce, founded in 2012, specializes in e-commerce management solutions and has a strong client base in India and expanding international operations. The company's revenue grew by 17.71% and profit after tax surged by 101.95% in the financial year ending March 31, 2024. Investors are advised that the minimum bid is for 138 shares, with additional purchases required in multiples of the same.

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