Gurgaon based eCommerce SAAS Company Unicommerce eSolutions files DRHP with SEBI for the proposed IPO; Key Details here

Unicommerce eSolutions is into Technology eCommerce SAAS and is looking raise funds through Offer for Sale

Unicommerce eSolutions. Offer of Sale of 29,840,486 Equity Shares through public issue IPO

Unicommerce eSolutions IPO: Unicommerce eSolutions Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 1 per share via initial public offering.

Promoters of Unicommerce eSolutions are Acevector Limited and holds 72.33% stake in the company.

Key Details:

• Initial Public Offer comprising of a Offer for Sale of upto 2,98,40,486 Equity shares.
• IIFL Securities, CLSA India have been appointed as lead merchant bankers for the proposed IPO.
• It has appointed Link Intime India Private Limited as Registrar and Share transfer Agent.
• Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Equity Shares offer-for-sale (OFS) of up to 29,840,486 equity shares by Promoters selling shareholder includes AceVector Limited (formerly known as Snapdeal Limited) who will offload 1,14,59,840 Equity Shares of the company. Other Investor Selling Shareholder includes B2 Capital Partners and SB Investment Holdings (UK) Limited ..

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Objects of the issue:
Proposed listing of its Equity Shares will enhance visibility and brand image as well as provide a public market for the Equity Shares in India. Company will not receive any proceeds from the Offer..

About Company:
Established in 2002, company is e-commerce enablement Software-as-a-Service (“SaaS”) platform in the transaction processing or nerve centre layer that enables end-to-end management of e-commerce operations for brands, sellers and logistics service provider firms. Company offers SaaS products, such as the warehouse and inventory management system, multi-channel order management system, omnichannel retail management system, and seller management panel, act as the nerve centre for e-commerce fulfilment operations, enabling customers to efficiently manage their journey of post-purchase e-commerce operations.

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About Industry:
The total addressable market (“TAM”) for players in the eCommerce enablement SaaS in the transaction processing or nerve centre layer was estimated at approximately US$ 1 billion in 2022 and is projected to expand at a CAGR of over 32% to reach approximately US$ 4.1 billion in 2027 (Source: Redseer Report). This growth is driven by the increasing market potential for core products in this layer, opportunity to broaden the product portfolio, and international expansion prospects in SEA and Middle East. Specifically, in India, the TAM for core products in transaction processing layer was approximately US$ 220 million in 2022 and is expected to reach approximately US$ 880 million in 2027 (Source: Redseer Report).

Source: SEBI, BSE, NSE, DRHP, Unicommerce eSolutions, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.