The initial public offering (IPO) of Unicommerce Solutions closed on 08 August in an attempt to raise Rs 276 crore from the public market.
During its subscription phase, the issue received bids worth Rs 25,608 crore as the total subscription stood 168.35 times. Retail category and qualified institutions subscribed the issue 130.99 times and 138.75 times respectively.
The Rs 276.57 crore IPO consisted exclusively of an offer-for-sale (OFS) component with the price band fixed at Rs 102 to 108 per equity share.
The IPO opened on 06 August and closed on 08 August. The allotment is scheduled on 09 August. Subsequently, the IPO will list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 13 August.
Iifl Securities and Clsa India are the book running lead managers and Link Intime India is the registrar to the offer.
IPO Objectives
Since the issue consists wholly of an OFS component of Rs 276.57 crore, the firm will not receive any capital from the proceeds. However, the firm will get benefits on listing in the public market which will enhance the brand’s visibility and provide liquidity to the shareholders.
Firm’s Financials
The firm registered revenue of Rs 109.43 crore in FY24, compared to Rs 92.97 crore in FY23. The firm’s profit after tax (PAT) increased to Rs 13.08 crore in FY24 compared to Rs 6.48 crore in FY23. Overall, revenue increased by 17.7 per cent, whereas PAT climbed more than 100 per cent.
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