Unicommerce eSolutions IPO: E-commerce SaaS-platform information DRHP with Sebi

E-commerce SaaS platform Unicommerce eSolutions has filed a Draft Crimson Herring Prospectus (DRHP) with the market regulator Securities and Change Board of India (Sebi) to initiate its preliminary public offering (IPO).

Unicommerce eSolutions IPO Constructing

The provide contains an Supply for Sale (OFS) aggregating up to 29,840,486 equity shares with a face rate of Re 1 per equity part by the selling shareholders.

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As much as 11,459,840 equity shares will doubtless be offloaded by promoter-selling shareholder AceVector Miniature, beforehand is named Snapdeal, by project of OFS. As much as 2,210,406 and 16,170,240 equity shares will doubtless be offloaded by B2 Capital Partners and SB Investment Holdings (UK) Miniature, respectively who are investor-selling shareholders.

About Unicommerce eSolutions

Unicommerce eSolutions changed into once established in 2012 and is an e-commerce enablement Utility-as-a-Provider (SaaS) platform. The firm’s suite of SaaS solutions allows stop-to-stop management of e-commerce operations for brands, stores, marketplaces and logistics carrier suppliers. It serves a gargantuan and growing nasty of marquee purchasers in India along side Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, GNC, Cello, Urban Company, Mensa, G.O.A.T, Shiprocket, Xpressbees and others.

Besides India, Unicommerce also has purchasers in six assorted international locations, basically in South East Asia and the Heart East.

Unicommerce eSolutions IPO lead managers

IIFL Securities Miniature and CLSA India Non-public are the e book-working lead managers to the Scenario. The registrar for the challenge is Link InTime India Non-public Miniature.

Unicommerce eSolutions personnel

Unicommerce is led by its Managing Director and Chief Executive Officer, Kapil Makhija. Unicommerce as of late expanded its Board of Administrators by inducting Manoj Kohli, Ullas Kamath, and Sairee Chahal as fair directors and Kunal Bahl and Rohit Bansal as non-govt directors.

Unicommerce eSolutions financials

Attributing to a Redseer Report, the DRHP stated that it is a ways the correct firm to be a hit amongst the pinnacle five gamers in this segment in India staunch through fiscal 2022. Unicommerce has been PAT-obvious since FY 2021. For FY2023, the firm reported a earnings of Rs 6.4 crore as towards Rs 6.01 crore in FY22. For the length ended September 2023, Unicommerce executed an Annual Routine Income (ARR) of Rs 103.74 crore.

As per the DRHP, the firm has a consistent music file of profitability and increase, with earnings increase of 52.56% and 47.55% in FY23 & FY22, respectively.

For the quarter ended September 30, 2023, the firm had an annual trot-fee of processing 763.82 million direct objects for 743 finishing up purchasers and 2,830 SMB purchasers. The firm processed roughly 20-25% of India’s e-commerce dropship volume staunch through Fiscal 2022 as per the Redseer Report.

A take hold of of renowned investors, along side Anchorage Capital Fund, Madhuri Madhusudan Kela, Rizwan Koita & Jagdish Moorjani, Dilip Vellodi and others as of late received shares within the firm.

About Industry

The complete addressable market (TAM) for gamers within the eCommerce enablement SaaS within the transaction processing layer is predicted to be fee roughly US$ 4.1 billion in 2027. The increase is fueled by India’s quick-growing e-commerce market (estimated to develop at a CAGR of 25% to reach approx US$ 170 Bn by 2027), rising cargo volumes, the emergence of D2C brands, the transition of used brands to omnichannel, and the expansion of the warehousing industry in India.

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(Disclaimer: Suggestions, suggestions, views and opinions given by the consultants are their very private. These form not declare the views of Financial Occasions)

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