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Home > IPO > Unicommerce esolutions Ltd IPO

₹ 14904 / 138 shares

IPO Details

RHP/DRHP

Issue Date

06 Aug - 8 Aug'24

Investment/lot

₹ 14904

Price Range

102 - 108

Lot Size

138

IPO Size

₹ 276.57 Cr

IPO Listing Details

Listing On

13 Aug'24

Issue Price

108

Listed Price

₹ 235

Retail Gain/Listing Gain

▲117.59%

Start date

06/08/2024

End date

08/08/2024

Allotment of bids

09/08/2024

Refund Initiation

12/08/2024

Listing on exchange

13/08/2024

IPO Timeline

Unicommerce eSolutions is an e-commerce enablement Software-as-a-Service (SaaS) platform in the transaction processing business.

The company enables end-to-end management of e-commerce operations for brands, sellers and logistics, and service provider firms. Their products include a warehouse and inventory management system, multi-channel order management system (OMS), an omnichannel retail management system, seller management panel for marketplaces, among others.

With that, let's take a look at the competitive strengths and risk factors for Unicommerce eSolutions India Limited:

Unicommerce eSolutions Competitive Strengths

Largest e-commerce enablement SaaS products platform, acting as the nerve centre for business operations of their clients

The company is India’s largest e-commerce enablement Software-as-a-Service (SaaS) platform in the transaction processing or nerve centre layer by revenue as of March 2023, 2022 and 2021 (Source: Redseer Report). It was also the only profitable company among the top five players in the industry in India during Fiscal 2023 (Source: Redseer Report). For the quarter ended March 31, 2024, the company processed 791.63 million order items for 795 enterprise clients and 2,707 SMB clients.

Large, growing and diversified base of marquee Indian and global clients with long-term relationships and the capability to upsell or cross-sell new and additional products.

Unicommerce eSolutions has been able to create a large and consistently growing base of valuable clients across the retail and e-commerce landscape in India as well as in international geographies. Their clients include D2C brands, brand aggregator firms, traditionally offline brands, e-commerce retailers, marketplaces, third-party logistics and fulfilment players and SMBs.

Consistent track record of fast, profitable growth with strong cash flows over the past three financial years.

Along with a consistent client base, ARR and revenue growth, the company continues to maintain steady financial prudence and profitability while also making necessary investments in product enhancements, customer success, and long-term growth initiatives. The company’s revenue from contracts with customers increased by 15.02% in Fiscal 2024, compared to Fiscal 2023, and by 52.56% in Fiscal 2023 compared to Fiscal 2022. Further, their ARR had grown by 55.51% in Fiscal 2023 compared to Fiscal 2022.

Risk Factors

  • The business and its growth are correlated with the growth of the e-commerce industry in India. Any change in the nature of the ecommerce industry in India will adversely affect their growth and business operations.

  • The business depends on its clients continuing to use products with minimum usage commitments and purchasing additional subscriptions from them. Any decline in client retention would harm future operating results.

  • The company has had negative cash flows from operating, investing, and financing activities in the past and may, in the future, experience similar negative cash flows.

Key Strategies

  • Drive expansion in current international markets and expand their global footprint over time.

  • Enhance existing SaaS products and build advanced features for more use cases.

  • Continue track record of strong financial performance and expand adjusted EBITDA margin percent with increased operating leverage.

Unicommerce eSolutions Limited Key Financials

Here are the key financials for Unicommerce eSolutions Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

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Kotak Securities

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Here are the steps to apply for Unicommerce eSolutions Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Unicommerce esolutions Ltd IPO FAQs

Unicommerce esolutions Ltd IPO will list on 2024-08-13.

276.57 is the issue size of Unicommerce esolutions Ltd IPO.

The minimum lot size is 138 shares and the investment required is ₹14904.

The price band of Unicommerce esolutions Ltd IPO is ₹102 to ₹108.

You can read more about Unicommerce esolutions Ltd and its IPO from the company’s red herring prospectus (RHP) here.

The Unicommerce eSolutions IPO has an issue size of ₹276.57 crores. The IPO opens for subscription on 6th Aug 2024 and closes on 8th Aug 2024

Link Intime India Private Limited is the registrar for this IPO.

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