Unicommerce eSolutions IPO Price: ₹102 to ₹108 per share
IPO Dates: 6 August 2024 – 8 August 2024
Company Overview
Unicommerce eSolutions, established in February 2012, is a leading Software-as-a-Service (SaaS) platform specializing in e-commerce enablement, particularly in transaction processing. The company offers comprehensive solutions for managing e-commerce operations from end to end, catering to brands, sellers, and logistics service providers. Its suite of SaaS products helps streamline post-purchase processes, including warehouse and inventory management, multi-channel order management, omni-channel retail management, seller management for marketplaces, logistics tracking and courier allocation, and payment reconciliation.
Product Suite and Services
Unicommerce provides a range of key products, including:
- Warehouse and Inventory Management System (WMS)
- Multi-Channel Order Management System (OMS)
- Omni-Channel Retail Management System (Omni-RMS)
- Seller Management Panel (Uniware)
- Post-Order Services (UniShip)
- Payment Reconciliation (UniReco)
These solutions facilitate efficient order processing, ensuring timely and accurate handling of operations for their clients.
Technology and Integrations
As of March 31, 2024, Unicommerce has extensive technology and partner integrations, including partnerships with 101 logistics companies and 11 integrations with ERP, POS, and other systems. This robust network supports an integrated supply chain for their clients. The company’s OMS has processed 791.63 million order items and features integrations with 131 marketplaces and web store software, enabling automated order information flow.
Clientele and Market Presence
Unicommerce serves diverse sectors such as fashion, electronics, home and kitchen, FMCG, beauty, sports, fitness, nutrition, health, pharma, and third-party logistics. Notable clients include Lenskart, SupperBottoms, Zivame, Chumbak, Paragon, PharmEasy, XpressBees, Shiprocket, Mamaearth, Sugar Cosmetics, and Cello. Since the fiscal year 2023, Unicommerce has expanded its international footprint, now serving 43 enterprise clients across 7 countries, mainly in Southeast Asia and the Middle East.
Corporate Structure and Growth
In December 2023, Unicommerce eSolutions Pvt. Ltd transitioned to a public limited company, rebranding as Unicommerce eSolutions Ltd. Its promoters include AceVector Ltd (formerly Snapdeal Ltd), Starfish I Pte. Ltd., Kunal Bahl, and Rohit Kumar Bansal. The company operates as a comprehensive e-commerce enablement SaaS platform, supporting a wide range of clients, including D2C brands, brand aggregators, traditionally offline brands, retailers, marketplaces, logistics players, and SMBs.
Competitive Strengths
Unicommerce’s key strengths include:
- Strong Governance Practices: Backed by experienced management and notable investors, contributing to robust corporate governance.
- Largest E-commerce Enablement SaaS Platform: Acts as a central hub for the business operations of clients.
- Comprehensive and Modular Product Suite: Offers a wide range of plug-and-play integrations, making it a vital part of clients’ tech stacks.
- Diverse and Growing Client Base: Includes prominent Indian and global clients, fostering long-term relationships with opportunities for upselling and cross-selling.
- Proprietary Technology Platform: Designed for scalability and adaptability across various industries.
- Consistent Profitable Growth: Maintains strong cash flows over the past three financial years.
Bidding Starts In
Unicommerce eSolutions IPO Specifics:
| IPO Date | August 6, 2024 to August 8, 2024 |
| Listing Date | Tuesday, August 13, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 138 Shares |
| Total Issue Size | 25,608,512 shares (aggregating up to ₹276.57 Cr) |
| Offer For Sale | 25,608,512 shares (aggregating up to ₹276.57 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 102,434,048 |
| Share holding post issue | 102,434,048 |
Unicommerce eSolutions IPO Timetable (Important Dates)
| IPO Open Date | Tuesday, August 6, 2024 |
| IPO Close Date | Thursday, August 8, 2024 |
| Basis of Allotment | Friday, August 9, 2024 |
| Initiation of Refunds | Monday, August 12, 2024 |
| Credit of Shares to Demat | Monday, August 12, 2024 |
| Listing Date | Tuesday, August 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 8, 2024 |
Unicommerce eSolutions IPO Lot Size
Bidders have the opportunity to bid for a minimum of 138 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 138 | ₹14,904 |
| Retail (Max) | 13 | 1,794 | ₹1,93,752 |
| S-HNI (Min) | 14 | 1,932 | ₹2,08,656 |
| S-HNI (Max) | 67 | 9,246 | ₹9,98,568 |
| B-HNI (Min) | 68 | 9,384 | ₹10,13,472 |
Unicommerce eSolutions IPO Reservation
| QIB Shares Offered | Not more than 75% of the Net offer |
| Retail Shares Offered | Not less than 10% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Unicommerce eSolutions Limited IPO Financial Information
Unicommerce eSolutions Limited experienced a growth of 17.71% in its revenue while witnessing a substantial increase of 101.95% in profit after tax (PAT) during the period from March 31, 2024, to March 31, 2023.
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 59.03 | 81.74 | 109.11 |
| Revenue | 61.36 | 92.97 | 109.43 |
| Profit After Tax | 6.01 | 6.48 | 13.08 |
| Net Worth | 41.37 | 51.89 | 68.91 |
| Reserves & Surplus | 31.47 | 37.70 | 45.87 |
Key Performance Indicator – Unicommerce eSolutions IPO
| KPI | Values |
|---|---|
| Market Cap | ₹ 1,106.29 Cr |
| ROE | 17.36% |
| ROCE | 25.93% |
| EPS | ₹1.28 |
| P/E (x) | 84.59 |
| RoNW | 18.98% |
| P/BV | 15.81 |
Objects of the Issue:
The company will not be entitled to any proceeds resulting from the Offer, and all the Offer Proceeds will be distributed to the Selling Shareholders based on the proportion of Offered Shares sold by each respective Selling Shareholder in connection with the Offer.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
