Aug 6, 2024
By: Sourabh Jain
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Gurgaon-based Unicommerce eSolutions’ initial public offering (IPO) is now open and will close on Thursday, August 8.
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Unicommerce eSolutions has fixed a price band of ₹102-₹108 per share for its public issue.
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Unicommerce eSolutions is a Gurgaon-based SaaS platform that manages e-commerce operations for other companies, sellers and more.
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Unicommerce eSolutions is looking to raise ₹276.57 crore from the current IPO. This is a complete offer for sale (OFS) of ₹276.57 crore and there is no fresh issue.
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Investors can bid for a minimum of 138 shares and in multiples of 138 shares thereafter.
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The company, founded in 2012 currently has 101 logistics partner integrations and has processed 791.63 million order items through its Order Management System (OMS).
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The company’s income was ₹109.43 crore in FY24, up from ₹92.97 crore in FY23. The company reported a profit of ₹13.08 crore in FY24, up from ₹6.48 crore profit reported in FY23.
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The company is engaged in a highly competitive business and is still in its initial stages. The highly competitive nature of the industry and the evolving technology may have an adverse impact on the company’s profitability.
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The funds from the issue will not be received by the company as this is entirely an offer for sale. The proceeds will be received by the shareholders selling their shares.
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