Unicommerce eSolutions Ltd. IPO: GMP, Allotment Dates, Lot Size, and Company Insights – Equitypandit
Introduction to Unicommerce eSolutions Ltd. IPO
Incorporated in February 2012, Unicommerce eSolutions is issuing a book of Rs 276.57 crore, which is an offer-for-sale of over 2.56 crore shares. The Initial Public Offering (IPO) will issue on 6th August, 2024, and close on 8th August, 2024.
The Unicommerce eSolutions Ltd. IPO subscription consists entirely of an offer-for-sale worth Rs 276.57 crore (2.56 crore shares). The firm will be listed on both NSE and BSE.
The allotment for the same will take place on 8th August, 2024. The price band is set between Rs 102 and Rs 108 per share. The minimum lot size for a bid is 138 shares. Retail investors need to invest a minimum of Rs 14,904. Small NII investors require a minimum investment of Rs 208,656 for 1,932 shares, which is 14 lots. Large NII investors need a minimum investment of Rs 1,013,472 for 9,384 shares, which is 68 lots.
The registrar for the IPO is Link Intime India Private Limited. Also, IIFL Securities Limited and CLSA India Private Limited are the Book Running Lead Managers of the Unicommerce eSolutions IPO.
Unicommerce eSolutions Ltd. Company Details
Unicommerce eSolutions Limited is a SaaS platform built for the management of e-commerce operations.
The company offers an e-commerce suite of software solutions ranging from warehouse and inventory management to multichannel order processing and retail management. This includes a marketplace seller management panel, post-order logistics services, and payment reconciliation systems.
The company has integrated 101 logistics partners and 11 ERP, POS, and other system integrations as of 31st March 2024. These integrations are designed to provide clients with a seamless and integrated supply chain.
As of 31st March, 2024, it had processed 791.63 million order items through its Order Management System and had integrations with 131 marketplaces and web stores.
The company has customers across various industries, such as fashion, electronics, and FMCG, with key customers comprising Lenskart and PharmEasy.
Geographically, the Company commenced international expansion in FY 2023 and had 43 enterprise clients across 7 countries as of 31st March 2024. The Company has 312 employees across various teams.
| Unicommerce eSolutions Ltd. IPO Opening Date and Closing Date | 6th August to 8th August |
| Face Value | Rs 1 per share |
| Price Band | Rs 102 to Rs 108 per share |
| Lot Size | 138 Shares |
| Total Issue Size | 25,608,512 shares (aggregating up to Rs 276.57 Cr) |
| Offer for Sale | 25,608,512 shares (aggregating up to Rs 276.57 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Shareholding Pre Issue | 102,434,048 |
| Shareholding Post Issue | 102,434,048 |
Unicommerce eSolutions Ltd. IPO Tentative schedules :
| IPO Open Date | Tuesday, 6th August, 2024 |
| IPO Close Date | Thursday, 8th August, 2024 |
| Basis of Allotment | Friday, 9th August, 2024 |
| Refund Initiation | Monday, 12th August, 2024 |
| Credit of Shares in Demat | Monday, 12th August, 2024 |
| Listing Date | Tuesday, 13th August, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 8th August, 2024 |
Applications by different investors, Unicommerce eSolutions Ltd. lot size, shares and their value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 138 | Rs 14,904 |
| Retail (Max) | 13 | 1,794 | Rs 193,752 |
| S-HNI (Min) | 14 | 1,932 | Rs 208,656 |
| S-HNI (Max) | 67 | 9,246 | Rs 998,568 |
| B-HNI (Min) | 68 | 9,384 | Rs 1,013,472 |
Investors categories and Unicommerce eSolutions Ltd. shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Unicommerce eSolutions Ltd. Financials:
| Period Ended | 31st Mar, 2024 | 31st Mar, 2023 | 31st Mar, 2022 |
| Assets | Rs 109.11 Cr. | Rs 81.74 Cr. | Rs 59.03 Cr. |
| Revenue | Rs 109.43 Cr. | Rs 92.97 Cr. | Rs 61.36 Cr. |
| Profit After Tax | Rs 13.08 Cr. | Rs 6.48 Cr. | Rs 6.01 Cr. |
| Net Worth | Rs 68.91 Cr. | Rs 51.89 Cr. | Rs 41.37 Cr. |
| Reserves and Surplus | Rs 45.87 Cr. | Rs 37.70 Cr. | Rs 31.47 Cr. |
Unicommerce eSolutions Key performance indicators (KPI) and their values:
The market capitalisation of Unicommerce eSolutions Ltd. IPO is Rs 1,106.29 crore. As of 31st March, the KPI and their values are:
| KPI | Values |
| Return on Equity (ROE) | 17.36% |
| Return on Capital Employed (ROCE) | 25.93% |
| Return on Net Worth (RoNW) | 18.98% |
| Price to Book Value (P/BV) | 15.81 |
Unicommerce eSolutions Ltd. IPO GMP
The most recent GMP of the IPO is Rs 30, as of 2nd August 2024, 2:39 PM. The IPO has a price band of Rs 108.00. The estimated listing price for Unicommerce eSolutions Ltd. is Rs 138, reflecting a potential gain of 27.78% per share.
For the IPO, the Retail Subject to Sauda is Rs 3,100, and the Small HNI Subject to Sauda is Rs 43,400. The GMP ranges from a low of Rs 0 to a high of Rs 30.
Objectives of Unicommerce eSolutions Ltd. IPO
The company will not receive any proceeds from the offer. All proceeds will go to the Selling Shareholders based on the shares they sell.
Major Risks Associated with Unicommerce eSolutions Ltd. IPO
According to the Red Herring Prospectus (RHP) of Unicommerce eSolutions Ltd. IPO, some internal risks are as follows:
- Failure to develop and innovate their products could harm their business and financial performance.
- Losing existing clients or failing to attract new ones could hurt their revenue and profitability.
- Product issues leading to client dissatisfaction could negatively impact their business and finances.
- Their growth depends on the e-commerce industry’s performance in India; changes could affect their operations.
- Competition could lead to a loss of market share and impact their business and finances.
- The lack of industry peers for comparison makes it hard to benchmark their financial performance.
Frequently Asked Questions (FAQs)
What is the price band of the Unicommerce eSolutions IPO?
The issue price band of Unicommerce eSolutions IPO is between Rs 102 and Rs 108 per share.
What is the Retail Investors’ quota for the Unicommerce eSolutions Ltd. IPO application?
The retail investors’ quota for Unicommerce eSolutions IPO application is not more than 10% of the issue.
Where can we track the performance of the Unicommerce eSolutions stock once it’s listed on the stock exchanges?
Unicorn Signals provides the track of a stock’s performance, two to three days later once it’s listed on the stock exchange.
How to subscribe to Unicommerce eSolutions’ IPO?
A Subscription can be made from the opening to the closing date of the IPO. It can be done with your demat account, or you can contact your bank or financial institution for the same.
What is the closing time for the subscription of Unicommerce eSolutions IPO?
The Unicommerce eSolutions IPO subscription will end at 5 PM on 8th August, 2024. However, most brokers will stop accepting applications between 1 PM and 3 PM.
Where can I get detailed information on the Unicommerce eSolutions Ltd. IPO?
Detailed information on the Unicommerce eSolutions IPO can be found through the following documents filed with SEBI by the company.
