Unicommerce is all set to enter the financial market with its Initial Public Offer. Dalal Street is getting crazy and excited about the Unicommerce IPO. The DRHP paper has been filed to SEBI for IPO approval. The company Unicommerce planning to raise a huge amount. As per the details, Unicommerce will sell over 29.8 million shares through IPO. DRHP details are available below. Let’s discuss every detail of this Initial Public Offer and whether should you apply for it.
Startup Unicommerce is backed by the well-known e-commerce startup Snapdeal. This is Software-as-a-Service (SaaS) company. There will be around 2,98,40,486 equity shares will be offered by the company. The face value is ₹1 as per the details given by the company. The company will not bring fresh issues and it will be offered for sale by the company as well as Investors. In this IPO, around 1,14,59,840 equity shares will be diluted by AceVector Limited (formerly known as Snapdeal). Along with it, 22,10,406 equity shares by B2 Capital Partners. SBI Investment will sell over 1,61,70,240 equity shares.
Unicommerce IPO will be open in the upcoming months after getting the final approval from the Stock Exchange and Board of India (SEBI). All the details related to Unicommerce IPO allotment, and subscription will be available here soon.
Now, exploring the details about the financials of the Unicommerce. The company marked a 53 per cent revenue surge which was ₹90 crore in the fiscal period 2023. The net profit has been increased to ₹6 crore. Currently, Unicommerce has clients like Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, GNC, Cello, Urban Company, Mensa, G.O.A.T, Shiprocket, Xpressbees and others. These financial results of Unicommerce show positive signs, if you are planning to invest then you should do an analysis. Stay tuned to our website and reas many other latest business news about different industries.