Unicommerce eSolutions Announces IPO Price Band

Unicommerce eSolutions Ltd, a leading e-commerce enablement SaaS platform backed by SoftBank, announced its IPO with a price band of Rs 102 to Rs 108 crore per share. The IPO will open on August 6 and consists entirely of an Offer for Sale (OFS) aggregating Rs 276.6 crore.

In a major announcement on Thursday, SoftBank-backed Unicommerce eSolutions Ltd revealed a price band of Rs 102 to Rs 108 crore per share for its Rs 276-crore Initial Public Offering (IPO). The IPO, set to open for subscription from August 6 to August 8, will see its anchor portion bidding on August 5.

The company clarified that the entire IPO is an Offer for Sale (OFS) aggregating up to 2.56 crore equity shares valued at Rs 276.6 crore at the higher end of the price band. Consequently, all proceeds from the IPO will go to the selling shareholders.

Chief among these shareholders are SB Investment Holdings (UK) Ltd, an affiliate of Japan's SoftBank, which will offload 1.61 crore shares, and promoter AceVector Limited, set to sell up to 94.38 lakh shares. Unicommerce is a leading player in India's e-commerce SaaS sector, serving top clients like Lenskart, Fabindia, and BoAt.

(With inputs from agencies.)