Schedule of Unicommerce e-Solutions
| Issue open date | 06 Aug 2024 |
| Issue close date | 08 Aug 2024 |
| UPI mandate deadline | 08 Aug 2024 (5 PM) |
| Allotment finalization | 09 Aug 2024 |
| Refund initiation | 12 Aug 2024 |
| Share credit | 12 Aug 2024 |
| Listing date | 13 Aug 2024 |
| Mandate end date | 23 Aug 2024 |
| Lock-in end date for anchor investors (50%) | 08 Sep 2024 |
| Lock-in end date for anchor investors (remaining) | 08 Nov 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Unicommerce e-Solutions
Unicommerce eSolutions Limited’s IPO launches on August 6, 2024, with subscriptions closing on August 8, 2024. Incorporated in February 2012, the company is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers. They offer a range of SaaS products, including a warehouse and inventory management system, a multi-channel order management system, an omnichannel retail management system, a marketplace seller management panel, post-order logistics tracking and courier allocation, and payment reconciliation.
The company processed 791.63 million order items through its Order Management System (OMS) and had integrations with 131 marketplaces, 101 logistics partners, and 11 ERPs and POS systems, ensuring an integrated supply chain. It expanded its international client base to 43 enterprise clients in 7 countries, primarily in Southeast Asia and the Middle East. Clients include Lenskart, SupperBottoms, Zivami, Chumbak, Paragon, PharmEasy, XpressBees, Shiprocket, Mamaearth, and Sugar Cosmetics.
Financials of Unicommerce e-Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹276.57 crores |
| Fresh Issue | – |
| Offer for sale | ₹276.57 crores |
Utilisation of proceeds
The company will not receive any proceeds from the offer. All proceeds will go to the selling shareholders in proportion to the shares they sell.
*All figures except EPS are in ₹ Crores
Strengths
- Market leadership: Largest e-commerce enablement SaaS platform in India, acting as the central hub for clients’ business operations, and the only profitable company among the top five players in 2023.
- Comprehensive product suite: The company offers a wide range of SaaS products that cater to diverse business needs, enabling end-to-end management of e-commerce operations for brands, sellers, and logistics service providers. This versatility helps in addressing various client requirements efficiently.
- Experienced management team: Led by promoters with over 15 years of industry experience, supported by a skilled team capable of understanding market trends and managing business operations effectively.
Risks
- Client dependency: A significant portion of Unicommerce’s revenue is derived from major customers without long-term contracts. The loss of any major client could adversely affect the company’s business and financial condition.
- Dependence on dropship volumes: A portion of Unicommerce eSolutions Limited’s business relies on clients’ dropship volumes. Any changes in how clients manage their dropship operations could negatively impact the company’s operations, financial performance, and cash flows.
- Quality compliance: The company faces risks associated with product defects and quality standards. Any failure to meet regulatory quality standards could lead to order cancellations, recalls, and potential liability claims, affecting financial performance.
- Supplier dependency: The company does not have long-term agreements with its suppliers. Any disruption in the supply chain or increase in costs could adversely affect the company’s operations and financial performance.
- Exchange rate fluctuations: Operating in Southeast Asia and the Middle East, the company faces risks from currency fluctuations. Revenue and expenses in foreign currencies can impact financial performance and cash flows.