Unicommerce eSolutions IPO opens on August 6: Check price band, lot size and other key details

Gurugram-based Unicommerce eSolutions is set to launch its initial public offering (IPO) next week. The company on Wednesday, July 31, announced the price band and other important details of its public issue.

The mainboard public offer opens for subscription on August 6.

If you are planning to subscribe to the company’s shares in the IPO, here are all the important details that you should know before bidding.

UniCommerce eSolutions business operations

Unicommerce eSolutions is an e-commerce enablement software-as-a-service (SaaS) platform. The company enables end-to-end management of e-commerce operations for brands, sellers and logistics service provider firms.

It helps enterprise clients and small and medium business clients to efficiently manage their entire journey of post-purchase e-commerce operations through a comprehensive suite of SaaS products.

These include the warehouse and inventory management system, the multi-channel order management system, the omni-channel retail management system, the seller management panel for marketplaces, the recently-introduced post-order services related to logistics tracking and courier allocation and payment reconciliation.

Key clients

UniCommerce has a large base of clients across the retail and e-commerce landscape in India and has been onboarding international clients as well. Its clients include direct-to-consumer (D2C) brands, brand aggregator firms, traditionally offline brands, e-commerce retailers, marketplaces, third-party logistics and fulfillment players and small and medium-sized businesses. The clients belong to various sectors including fashion (apparel, footwear and accessories), electronics, home and kitchen, FMCG, beauty and personal care, sports and fitness, nutrition, health and pharma as well as third-party logistics and warehousing.

Unicommerce eSolutions financials

For the fiscal year ending March 2024, Unicommerce reported an operating revenue of ₹103.5 crore, an increase from ₹90 crore in the previous fiscal year. The company's profit also doubled to ₹13 crore in FY24 from ₹6.4 crore in FY23.

Unicommerce eSolutions key competitors

The company’s key competitors include names like Increff, Vinculum Solutions, Browntape and EasyEcom. However, for FY23, Unicommerce was the biggest and the only profit-making company in the segment among these companies.

Unicommerce eSolutions IPO price band, lot size and other details

Unicommerce eSolutions IPO is a book-built issue that aims to raise a total of ₹276.57 crore. The issue is entirely an offer-for-sale (OFS) of 2.56 crore shares.

Promoter group AceVector Ltd (formerly known as Snapdeal Ltd) is offloading up to 94.38 lakh equity shares of face value of ₹1 each. Additionally, one of the largest investors in the company, SB Investment Holdings (UK) Ltd, is also selling up to 1.61 crore equity shares.

Unicommerce eSolutions IPO price band has been set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 shares, aggregating to an investment of ₹14,904.

IIFL Securities Ltd and CLSA India Pvt Ltd are the book-running lead managers of the IPO, while Link Intime India Pvt. Ltd is the registrar for the issue.

Unicommerce eSolutions IPO dates

Unicommerce eSolutions IPO opens for subscription on August 6, 2024 and closes on August 8, 2024. The allotment for issue is expected to be finalized on August 9. Unicommerce eSolutions shares should list on BSE and the National Stock Exchange (NSE) on August 13.