Unicommerce eSolutions Files DRHP with SEBI

8 Jan 2024 , 10:33 AM

Unicommerce eSolutions Limited, India’s leading e-commerce enablement SaaS platform, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an upcoming initial public offering (IPO).

According to the DRHP, the company boasts a consistent track record of profitability and growth, with revenue surging by 52.56% and 47.55% in the fiscal years FY23 and FY22, respectively.

The offering comprises an aggregate offer for sale of up to 2,98,40,486 equity shares by the Selling Shareholder, each with a face value of Rs. 1. The Offer for Sale includes up to 1,14,59,840 equity shares by AceVector Limited (formerly known as Snapdeal Limited) as the 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 as the Investor Selling Shareholder, as per the DRHP filing.

Unicommerce’s suite of SaaS solutions facilitates the efficient management of e-commerce operations for brands, retailers, marketplaces, and logistics service providers. The filing also revealed that, as of September 30, 2023, the company processed 763.82 million order items for 743 enterprise clients and 2,830 SMB clients on an annual run-rate basis.

According to a Redseer report, Unicommerce played a significant role in processing approximately 20-25% of India’s e-commerce dropship volume during the fiscal year 2022.