Unicommerce eSolutions Set for IPO Release on August 6

Unicommerce eSolutions Ltd, backed by SoftBank, will launch its Initial Public Offering (IPO) on August 6, ending on August 8. The IPO is an Offer For Sale (OFS) amounting to 2.56 crore equity shares, with proceeds going to selling shareholders. Unicommerce provides SaaS solutions for e-commerce management.

Unicommerce eSolutions Ltd, a SaaS platform supported by SoftBank, is set to launch its Initial Public Offering (IPO) on August 6. The IPO will conclude on August 8, with anchor investor bidding opening for a day on August 5, per the Red Herring Prospectus (RHP).

This IPO is purely an Offer For Sale (OFS), encompassing up to 2.56 crore equity shares by the selling shareholders. As it is entirely an OFS, all proceeds will go to the selling shareholders.

Under the OFS, SB Investment Holdings (UK) Ltd, an affiliate of SoftBank, will sell 1.61 crore shares, while promoter AceVector Limited will offload up to 94.38 lakh shares.