Unicommerce files DRHP with SEBI to sell 28.9 million shares
₹1. The offer for sale comprises of up to 1,14,59,840 equity shares by AceVector Limited (formerly known as Snapdeal Limited) (“Promoter Selling Shareholder"); up to 22,10,406 equity shares by B2 Capital Partners and up to 1,61,70,240 equity shares by SB Investment Holdings (UK) Limited (“Investor Selling Shareholder"). Also read: IPOs next week: One mainboard, 3 SME public issues and one listing to keep primary market busy The public issue will not comprise any fresh issue of equity shares.
A clutch of investors, including Anchorage Capital Fund, Madhuri Madhusudan Kela, Rizwan Koita & Jagdish Moorjani, Dilip Vellodi and others recently acquired shares in the company. IIFL Securities Limited and CLSA India Private Limited are the Book Running Lead Managers to the Issue. Unicommerce is the latest company to file IPO papers in the last fifteen days, after Ola Electric, FirstCry parent company Brainbees and Mobikwik.
Also read: Mobikwik files for ₹700 crore IPO Unicommerce witnessed a robust 53 percent growth in revenue, reaching ₹90 crore in FY23, accompanied by an 8 percent increase in profits, totaling ₹6 crore. Sources closely associated with the company's IPO preparations indicate that Unicommerce is poised to achieve a revenue milestone ranging from ₹120 to 150 crore in the ongoing fiscal year. The company experienced a noteworthy 86 percent surge in free cash flows (FCF) compared to the preceding fiscal year, escalating from ₹7.82 crore in FY22 to ₹14.57 crore in FY23.
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