Unicommerce eSolutions’ IPO Opens On Aug 6


Price band fixed at Rs102 to Rs108 per equity share of face value of Rs1 each


( L to R) Devendra Maydeo, IIFL Securities; Anurag Mittal, Chief Financial Officer; Unicommerce eSolutions; Kapil Makhija, Managing Director & Chief Executive Officer; Unicommerce eSolutions,; Kunal Bahl, Promoter & Non-Executive Director; Unicommerce eSolutions; Sarfaraz Agboatwala, CLSA India at the IPO conference in Mumbai


 ( 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. 

 

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