![Unicommerce Raises Rs 124 Crore from Anchor Investors Before IPO Launch](https://www.newsnownation.com/wp-content/uploads/2024/08/Unicommerce-Raises-Rs-124-Crore-from-Anchor-Investors-Ahead-of-IPO.jpg)
SoftBank-backed ecommerce software platform Unicommerce Esolutions Ltd has successfully closed the anchor portion of its initial public offering (IPO), securing over Rs 124 crore from domestic and foreign investors. This was confirmed by the company in a recent announcement.
Unicommerce, based in Gurugram, will open its IPO for public bidding on Tuesday, with the offer set to close on August 8. The company plans to list its shares on the stock exchanges on August 13.
The IPO will feature an offer-for-sale (OFS) of up to 25.6 million shares, with no new issue component. Initially, the plan was to offload 29.8 million shares, but this was later revised. The OFS will see stakes sold by SoftBank and promoter AceVector Group, formerly known as Snapdeal.
Notably, B2 Capital Partners, the promoter entity through which Snapdeal cofounders Kunal Bahl and Rohit Bansal hold a stake in Unicommerce, has opted out of the OFS component. Initially, B2 Capital had planned to sell up to 2.2 million shares.
Currently, SoftBank holds a 29.2% stake in Unicommerce, while AceVector owns 38.2%, and B2 Capital holds nearly 10%.
Founded in 2012, Unicommerce specializes in providing technology solutions for ecommerce operations, including warehouse and inventory management, order management, omnichannel retail management, and seller management. The company serves a range of prominent new-age consumer brands such as Myntra, Lenskart, Mamaearth, and Boat.
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