Unicommerce eSolutions is a company that helps online businesses manage their operations. They offer software solutions for managing inventory, orders, and shipping. Founded in 2012, Unicommerce has grown to support over 3500 businesses and process millions of transactions every year. They are now expanding their reach through an initial public offering (IPO). For an in-depth look at Unicommerce eSolutions financials, growth prospects, and investment potential, read our complete review: Unicommerce eSolutions IPO: Review Detailed Analysis.
About – Unicommerce eSolutions
Unicommerce eSolutions IPO – Review
Unicommerce eSolutions, incorporated in February 2012 in New Delhi, is a SaaS platform that streamlines e-commerce operations for brands, sellers, and logistics providers. The company offers a suite (Collection) of software products to efficiently manage e-commerce operations, including warehouse and inventory management, multi-channel order management, and omni-channel retail management. With a consistent client base , ARR and increasing revenue growth Unicommerce has processed over 790 million annual transactions, manages 8,600+ warehouses, and supports 2,700+ stores as of March 2024. This shows that Unicommerce eSolutions is a strong and reliable partner for businesses, with a proven track record of growth.
When we order something online, after clicking the ‘buy’ button, there are software operations that manage the process. This includes warehouse management software, inventory management software, and other necessary software, which ultimately leads to the delivery process. The software that powers these backend operations is developed by Unicommerce eSolutions.
The unicommerce eSolutions comprehensive collection of SaaS products is the Central hub for e-commerce fulfillment operations, enabling businesses to manage inventory across multiple locations, minimize fulfillment costs, process orders for multiple online and offline channels, manage returns, generate correct invoices, reconcile order payments, and track shipments. Unicommerce’s enterprise customers account for 90% of its revenue, and the company has been profitable since FY21.
Strength*
- High client retention ratio of 50.5% in FY24, indicating strong customer loyalty.
- Diversified client base, with top 10 clients contributing only 27% to revenue in FY24.
- Offers a range of software products to manage e-commerce operations, including warehouse and inventory management, multi-channel order management, and omni-channel retail management, UniReco and UniShip.
- Consistent client base, ARR, and revenue growth, with 790+ million annual transactions, 3500+ e-commerce businesses, 8600+ warehouses managed, and 2700+ stores managed.
- Profitable since FY21, with increasing profit margins (8.6% in FY22, 7.2% in FY23 decreased slightly, and improved 13.9% in FY24).
Weakness*
- Faces strong competition from both large and small players in the SaaS industry.
- Revenues are highly dependent on the e-commerce industry, making it vulnerable to industry disruptions.
Unicommerce eSolutions IPO Details
Unicommerce eSolutions IPO Details :
Unicommerce eSolutions is launching its IPO on August 6, 2024 and close on August 8, 2024, with a price band of ₹102-₹108 per share, wants to raise ₹276.57 crore. The IPO will be listed on both the BSE and NSE stock exchanges, with a face value of ₹1 per share and a lot size of 138 shares.
| IPO Date | August 6, 2024 to August 8, 2024 |
| Listing Date | [.] |
| 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 of ₹1 (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 Reservation
| Investor Category | Shares offered | Maximum Allottees |
| Anchor Investor Shares Offered | 11,523,831 (45.00%) | NA |
| QIB Shares Offered | 7,682,554 (30.00%) | NA |
| NII (HNI) Shares Offered | 3,841,276 (15.00%) | |
| bNII > ₹10L | 2,560,851 (10.00%) | 1,325 |
| sNII < ₹10L | 1,280,425 (5.00%) | 662 |
| Retail Shares Offered | 2,560,851 (10.00%) | 18,556 |
| Total Shares Offered | 25,608,512 (100%) |
Unicommerce eSolutions IPO Anchor investors Details
Unicommerce eSolutions IPO received anchor investors, who bought a large number of shares. The anchor investors bid on August 5, 2024, and received 11,523,831 shares worth ₹124.46 crore. These shares can’t be sold for a while due to a lock-in period. Half of the shares can be sold after 30 days (September 8, 2024), and the rest after 90 days (November 7, 2024). Check full Anchor investors list – click here
| Bid Date | August 5, 2024 |
| Shares offered | 11,523,831 |
| Anchor Portion Size (In Cr.) | 124.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 8, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 7, 2024 |
Unicommerce eSolutions IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 138 | ₹14,904 |
| Retail (Max) | 13 | 1794 | ₹193,752 |
| S-HNI (Min) | 14 | 1,932 | ₹208,656 |
| S-HNI (Max) | 67 | 9,246 | ₹998,568 |
| B-HNI (Min) | 68 | 9,384 | ₹1,013,472 |
Unicommerce eSolutions Timeline
The IPO of Unicommerce eSolutions is scheduled to open on Tuesday, August 6, 2024, and close on Thursday, August 8, 2024. The basis of allotment will be determined on Friday, August 9, 2024. Refunds will be initiated on Monday, August 12, 2024, and shares will be credited to demat accounts on the same day. The company shares are expected to list on the stock exchange on Tuesday, August 13, 2024. Please note that the cut-off time for UPI mandate confirmation is 5 PM on August 8, 2024.
| IPO Open Date | August 6, 2024, Tuesday |
| IPO Close Date | August 8, 2024, Thursday |
| Basis of Allotment | August 9, 2024, Friday |
| initiation of refunds | August 12, 2024, Monday |
| Credit of Shares to Demat | August 12, 2024, Monday |
| Listing Date | August 13, 2024, Tuesday |
| Cut-off time for UPI mandate Confirmation | 5:00 PM on August 8, 2024, Thursday |
Unicommerce eSolutions Financials
Unicommerce eSolutions revenue and profit have grown steadily. Revenue increased from ₹59 crore in FY22 to ₹90 crore in FY23 and then to ₹103.6 crore in FY24. Profit also increased from ₹6 crore in FY22 to ₹6.5 crore in FY23 and then to ₹13.1 crore in FY24. The company’s margin improved too, going from 8.6% in FY22 to than declined to 7.2% in FY23 and than improved to 13.9% in FY24.
| Particulars | Financial year ended March 31, 2024 | Financial year ended March 31, 2023 | Financial year ended March 31, 2022 |
| Assets | 109.11 | 81.74 | 59.03 |
| Revenue | 109.43 | 92.97 | 61.36 |
| Profit After tax | 13.08 | 6.48 | 6.01 |
| Net Worth | 68.91 | 51.89 | 41.37 |
| Reserves and surplus | 45.87 | 37.70 | 31.47 |
| Margin (%) | 13.9 | 7.2 | 8.6 |
Unicommerce eSolutions KPI (Key Performance indicators)
KPI as of March 31, 2024.
| KPI | Values |
| ROE (%) | 17.36 |
| ROCE (%) | 25.93 |
| RoNW (%) | 18.98 |
| P/BV | 15.81 |
| Pre IPO | Post IPO | |
| EPS (₹) | 1.28 | 1.28 |
| P/E (x) | 84.59 | 84.59 |
Unicommerce eSolutions IPO Subscription Status (Bidding Details)
| Category | Subscription (times) | Shares offered | Shares bid for |
| QIB | 0.80 | 76,82,554 | 61,67,634 |
| NII | 19.59 | 38,41,276 | 7,52,36,910 |
| bNII (bids above ₹10L) | 16.86 | 25,60,851 | 4,31,77,578 |
| sNII (bids below ₹10L) | 25.04 | 12,80,425 | 3,20,59,332 |
| Retail | 36.12 | 25,60,851 | 9,24,97,674 |
| Total | 12.35 | 1,40,84,681 | 17,39,02,218 |
Total Applications – 522,950
Unicommerce eSolutions IPO Day-wise Grey Market Premium (GMP)
The GMP (Grey Market Premium) details of unicommerce eSolutions are as follows: the IPO price is ₹108.00 with a GMP of ₹50 as of August 7, 2024, indicating a premium of 46.3% over the IPO price. The estimated listing price is ₹158. The GMP has fluctuated over the past few days, with a high of ₹50 on August 7 and a low of ₹25 on August 5.
| GMP Date | IPO Price | GMP | Sub2 Sauda rate | Estimated Listing Price | Last Updated |
| 13-08-2024 (Listing) | 108.00 | ₹69 | 7200/100800 | ₹177 (63.89%) | 13 August, 2024 |
| 12-08-2024 | 108.00 | ₹69 | 7200/100800 | ₹177 (63.89%) | 12 August, 2024 |
| 11-08-2024 | 108.00 | ₹69 | 7200/100800 | ₹177 (63.89%) | 11 August, 2024 |
| 10-08-2024 | 108.00 | ₹70 | 7300/102200 | ₹178 (64.81%) | 10 August, 2024 |
| 09-08-2024 (Allotment) | 108.00 | ₹60 | 6300/88200 | ₹168 (55.56%) | 9 August, 2024 |
| 08-08-2024 (Close) | 108.00 | ₹55 | 5800/81200 | ₹163 (50.93%) | 8 August, 2024 |
| 07-08-2024 | 108.00 | ₹50 | 5200/72800 | ₹158 (46.3%) | 7 August, 2024 |
| 06-08-2024 (Open) | 108.00 | ₹35 | 3700/51800 | ₹143 (32.41%) | 6 August, 2024 |
| 05-08-2024 | 108.00 | ₹25 | 2600/36400 | ₹133 (23.15%) | 5 August, 2024 |
| 04-08-2024 | 108.00 | ₹40 | 4200/58800 | ₹148 (37.04%) | 4 August, 2024 |
| 03-08-2024 | 108.00 | ₹30 | 3100/43400 | ₹138 (27.78%) | 3 August, 2024 |
| 02-08-2024 | 108.00 | ₹30 | 3100/43400 | ₹138 (27.78%) | 2 August, 2024 |
| 01-08-2024 | 108.00 | ₹30 | 3100/43400 | ₹138 (27.78%) | 1 August, 2024 |
| 31-07-2024 | ₹0 | — | ₹ (0%) | 31 July, 2024 |
Unicommerce eSolutions Stock buy or not?
Unicommerce eSolutions is a strong company with a good track record of growth and profits. However, it faces tough competition and depends heavily on the e-commerce industry. Despite these challenges, Unicommerce eSolutions has high potential for long-term growth. If you’re looking to invest in a software company, Unicommerce eSolutions is worth considering. Just remember to do your research and consult a financial advisor before making a decision.
Conclusion
Unicommerce eSolutions IPO is an exciting step forward. The Company has achieved significant success so far, and its software products are in high demand. With its strong technology and growing customer base, Unicommerce is ready to take advantage of new opportunities in e-commerce. This IPO marks the start of a new opportunity for investors who can now be a part of the company continued success. With a solid foundation and clear goals, Unicommerce eSolutions is set up for long-term growth potential.
Also Read
FAQ?
Q: What is Unicommerce eSolutions?
Ans. Unicommerce eSolutions is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers.
Q: What are the IPO details?
Ans.The IPO date is August 6-8, 2024, with a listing date of August 13, 2024, and a price band of ₹102-₹108 per share.
Q: When was Unicommerce incorporated?
Ans.Unicommerce was incorporated in February 2012.
âš¡ Disclaimer: This article is not written by a financial advisor, and it should not be considered as personalized financial advice. It is essential to consult a financial expert before making any investment decisions or Do your own research before investing.