Unicommerce eSolutions Limited

About  Unicommerce eSolutions Limited

Incorporated in 2012, Unicommerce eSolutions Limited is India’s largest e-commerce enablement SaaS (Software as a Service) platform in the transaction processing or nerve centre layer. The company offers the end-to-end management of post-purchase e-commerce operations through a comprehensive suite of SaaS products for brands, sellers and logistics service providers.

Its suite of products includes a warehouse and inventory management system (WMS), a multi-channel order management system (OMS), an omnichannel retail management system (Omni-RMS), a seller management panel, UniShip, a post-order journey solution, and UniReco, which automates payment reconciliation. 

Its clients include D2C brands, brand aggregator firms, traditionally offline brands, e-commerce retailers, marketplaces, and third-party logistics from various sectors such as fashion, electronics, home and kitchen, FMCG, beauty and personal care, sports and fitness, nutrition, health and pharma, logistics and warehousing.

The company classify its clients under two broad categories, namely, enterprise clients and small and medium business (SMB) clients, based on the revenue generated from the usage of the company’s products, i.e., the number of order items processed outwards. As of FY24, it has 795 enterprise clients and 2,707 SMB clients. The company also operates internationally and, as of 31 March 2024, had 43 enterprise clients in 7 countries, primarily in Southeast Asia and the Middle East. 

The enterprise segment reported a 22.94% CAGR rise in revenue from operations between FY22-24, while SMB clients registered a 7.83% CAGR during the same period.   

The company bills its clients based on subscription plans. It offers different product subscription plans: a standard plan, a professional plan, and an enterprise plan with usage-linked pricing. In FY24, the company processed 772.32 million items, a rise of 36.5% compared to FY23.

As of 31 March 2024, it had 131 marketplace and website integrations, 101 Logistics Partner integrations, and 11 ERP, POS, and other systems integrations. Meanwhile, the company caters to a marquee client base like Nykaa, Meesho, Flipkart, Delhivery, Shiprocket, and Ginesys. Its marquee client base also includes FabIndia, Lenskart, Boat, Cello, Mama Earth, Sugar, Plum, Urban Company, PharmEasy, and G.O.A.T.
Between FY22 and FY24, it saw a CAGR rise of 20% in its revenue from operations and 29% in its profit. Moreover, the overall eCommerce enablement SaaS industry is expected to grow at a CAGR of over 25% to reach $19 billion by 2027, which could benefit the company. 

And now, Unicommerce eSolutions Limited is coming out with its initial public offer (IPO). The total IPO issue size is ₹276.57 crore, consisting entirely of the offer for sale. The money raised from the issue will be received by the selling shareholders. Its shares will be listed on the NSE and BSE.

Here are key details about the Unicommerce eSolutions IPO:

Financial snapshot

Here’s a quick look at Unicommerce eSolutions Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. The company has been the largest e-commerce enablement SaaS platform for the last three fiscals and the only profitable company among the top five players in the industry in India during FY23.
2. A comprehensive suite of products with a wide range of plug-and-play integrations helps businesses of all sizes, selling both online and offline, to efficiently complete their day-to-day fulfilment operations. 
3. Diversified and growing base of marquee clients across various industries due to its client acquisition activities in flagship events and the flexible and quickly adaptable nature of its product. 
4. Technology platform built for scalability and high adaptability to accommodate various uses across different industries.
5. It has a consistent track record of growth, with EBITDA margins of 12%, 12%, and 17% in FY22, FY23, and FY24, respectively.

Risks and threats

1. The company faces competition and could lose market share to its competitors like Increff, Vinculum, Browntape, and Easyecom. 
2. It is difficult to benchmark and evaluate its financial performance as it does not have any listed peers in India. 
3. Negative cash flows from investing activities in FY22 and FY24 amounted to ₹13 crore and ₹29 crore, respectively. 
4. Business is subject to seasonality, and a change in expectations of seasonal changes may adversely affect business operations. 
5. High employee benefit expenses, which made up 70% of its total expenses in FY24, could prevent it from sustaining its competitive advantage. 
6. Failures in the third-party data centre hosting facilities could impair the delivery of its services and adversely affect business.

Unicommerce eSolutions Limited IPO details

| Unicommerce eSolutions Limited IPO date

According to the offer document filed by the company with the SEBI, the Unicommerce eSolutions IPO’s opening date – in other words, the Unicommerce eSolutions IPO launch date – will be 6th August 2024. The Unicommerce eSolutions IPO closing date is 8th August 2024. After this, investors will be updated about the allotment status on 9th August 2024.

Investors who have been allotted shares can expect them to be credited to their demat account on 12th August 2024. The Unicommerce eSolutions IPO listing date is 13th August 2024. The listing date is the date on which a company's shares are listed on the bourses—NSE and BSE. 

| Unicommerce eSolutions Limited IPO Price Band

The entire IPO is an offer for sale. The Unicommerce eSolutions IPO price band has been set between ₹102 and ₹108 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Unicommerce eSolutions IPO listing price will be determined on 13th August 2024. The listing price is the price at which a company’s shares debut on the stock exchanges.

| Unicommerce eSolutions Limited IPO Lot size

The Unicommerce eSolutions IPO details have been declared. The Unicommerce eSolutions IPO lot size is set at 138 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the Unicommerce eSolutions IPO issue size is approx ₹276 crore. 

How to pre-apply for the Unicommerce eSolutions Limited IPO?

You can pre-apply for the Unicommerce eSolutions Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Unicommerce eSolutions Limited IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the Unicommerce eSolutions Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the Unicommerce eSolutions Limited IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Unicommerce eSolutions Limited IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Unicommerce eSolutions Limited IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the Unicommerce eSolutions Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Unicommerce eSolutions Limited IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Unicommerce eSolutions Limited IPO allotment status will be mentioned

Check Allotment Status

Open a demat account with Upstox to apply for the Unicommerce eSolutions Limited IPO

To apply for the Unicommerce eSolutions Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Open Demat Account

Upstox – trading app to apply for the Unicommerce eSolutions Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.

You can apply for the Unicommerce eSolutions Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.