Snapdeal-owned retail and e-commerce enablement SaaS platform, Unicommerce Solutions Ltd, has received approval from the Securities and Exchange Board of India (SEBI) for its Primary Public Offering (IPO).

According to a regulatory filing, the firm plans to launch an offer for sale (OFS) of 2.98 crore (2,98,40,486) equity shares at a face value of Rs 1 per share. The Delhi-based firm had filed its draft red herring prospectus (DRHP) with SEBI for the IPO in January this year.

1.14 crore (1,14,59,840) equity shares from AceVector Limited (formerly Snapdeal), 22.1 lakh (22,10,406) equity shares from B2 Capital Partners and 1.61 crore (1,240,70) equity shares from SB Investment Holdings (UK) and are included in the offer for sale.
എന്നിവ ഓഫർ ഫോർ സെയിലിൽ ഉൾപ്പെടുന്നു.

IFL Securities and CLSA India have been appointed as merchant bankers for UniCommerce's IPO.Founded in 2012, UniCommerce provides SaaS solutions to streamline end-to-end e-commerce operations management for brands, retailers, marketplaces and logistics service providers. The company's clients include Lenskart, TCNS, Fabindia, Zivame, Mamaearth, SUGAR Cosmetics, and Boat Lifestyle.

IFL Securities and CLSA India have been appointed as merchant bankers for UniCommerce's IPO.Founded in 2012, UniCommerce provides SaaS solutions to streamline end-to-end e-commerce operations management for brands, retailers, marketplaces and logistics service providers. The company's clients include Lenskart, TCNS, Fabindia, Zivame, Mamaearth, SUGAR Cosmetics, and Boat Lifestyle.

Apart from India, Unicommerce extends its services to six other countries, primarily focusing on Southeast Asia and the Middle East. For the quarter ended September 30, 2023, the company achieved an annualized run-rate of processing 763.82 million order items, serving 743 enterprise clients and 2,830 SMB clients. According to RedSeerin, UniCommerce handled 20-25% of India's e-commerce dropship volume in FY2022.