Price band fixed at Rs102 to Rs108 per equity share of face value of Rs1 each
( L to R) Anurag Mittal, Chief Financial Officer; Unicommerce eSolutions; Kapil Makhija, Managing Director & Chief Executive Officer; Unicommerce eSolutions and Kunal Bahl, Promoter & Non-Executive Director; Unicommerce eSolutions at the IPO conference in Mumbai on Thursday
FinTech BizNews Service
Mumbai, August 1, 2024: Unicommerce eSolutions Limited (“UNICOMMERCE” or “The Company”),
shall open its Bid/Offer in relation to its initial public offer of Equity Shares on August 06, 2024 (the “Offer”).
The total Offer size of Equity Shares comprises offer for sale of up to 25,608,512 Equity Shares
("Offer for Sale”) out of which 9,438,272 Equity Shares are being offered for sale by Acevector
Limited (formerly known as Snapdeal Limited) (“Promoter Selling Shareholder”) and
16,170,240 Equity Shares by SB Investment Holdings Pte. Ltd ("Investor Selling Shareholder”,
together with Promoter Selling Shareholder, the “Selling Shareholders”). IIFL Securities
Limited and CLSA India Private Limited are the book running lead managers to the Offer
(“BRLMs”).
The objectives of the Offer are to (i) carry out the sale of up to 25,608,512 Equity Shares by
the Selling Shareholders and (ii) achieve the benefits of listing the Equity Shares on BSE
Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the
“Stock Exchanges”) (The “Objects of the Offer”). NSE is the designated Stock Exchange in
respect of the Offer.
This Equity Shares are being offered through the red herring prospectus dated July 30, 2024
(the “RHP”) filed by the Company with the Registrar of Companies, National Capital Territory
of Delhi and Haryana at New Delhi, Securities and Exchange Board of India (“SEBI”) and Stock
Exchanges.
The Offer is being made in terms of Rule 19(2) (b) of the Securities Contracts (Regulation)
Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the Securities and Exchange
Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
(“SEBI ICDR Regulations”). The Offer is being made in accordance with Regulation 6(2) of the
SEBI ICDR Regulations through the book building process wherein not less than 75% of the
Offer shall be allotted on a proportionate basis to qualified institutional buyers (“QIBs”, and
such portion, the “QIB Portion”). Our Company in consultation with BRLMs, may allocate up
to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the
SEBI ICDR Regulations (“Anchor Investor Portion”), out of which at least one-third shall be
reserved for allocation to domestic Mutual Funds only, subject to valid bids being received
from the domestic Mutual Funds at or above the anchor investor allocation price, in
accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-
allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the net
QIB Portion.
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis
to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation
on a proportionate basis to all QIB Bidders other than Anchor Investors, including Mutual
Funds, subject to valid Bids being received at or above the Offer Price. However, if the
aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance
Equity Shares available for allocation will be added to the remaining QIB Portion for
proportionate allocation to QIBs.
Further, not more than 15% of the Offer shall be available for allocation on a proportionate
basis to non-institutional bidders ("NIBs”), of which (a) one-third of such portion shall be
reserved for applicants with application size of more than Rs2,00,000 and up to Rs10,00,000;
and (b) two-third of such portion shall be reserved for applicants with application size of more
than Rs10,00,000, provided that the unsubscribed portion in either of such sub-categories may
be allocated to applicants in the other sub-category of NIBs and not less than 10% of the Offer
shall be available for allocation to retail individual bidders (“RIBs”) in accordance with SEBI
ICDR Regulations, subject to valid bids being received at or above the Offer Price.
All potential Bidders, other than Anchor Investors, are required to mandatorily utilize the
Application Supported by Blocked Amount (“ASBA”) process by providing details of their
respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined
hereinafter)) in which the corresponding Bid Amounts will be blocked by the SCSBs, or under
the UPI Mechanism, as applicable to participate in the Offer. Anchor Investors are not
permitted to participate in the Anchor Investor Portion through the ASBA process.
