SoftBank-backed e-commerce SaaS platform Unicommerce raised $15 M from anchor investors
Before its initial public offering, anchor investors have been given shares in Unicommerce, an e-commerce SaaS platform, valued at approximately Rs 124.4 crore, or $15 million.
According to a regulatory filing that was obtained from the Bombay Stock Exchange, the board of Unicommerce has decided to offer 11,523,831 equity shares to its anchor investors at an issue price of Rs 18 per share (upper-band).
Key anchor investors for Unicommerce include SBI, ICICI, Morgan Stanley, Nippon, Kotak, Aditya Birla, HDFC, and Franklin India. According to the filing, eight domestic mutual funds were allocated 75.75% of the total issue through ten different schemes.
Today, August 6–8, Unicommerce began its initial public offering (IPO) in the range of Rs. 102–108, with 138 equity shares as the minimum bid quantity.
Prior to the anchor round, B2 Capital Partners and SoftBank each owned 29.09% and 9.91% of Unicommerce, with AceVector Limited holding 34.91% of the company. Significant ownership stakes in the Gurugram-based business are also held by Madhuri Madhusudan Kela (1.65%), Dilip Vellodi (3.44%), and Anchorage Capital (7.73%).
Notably, Rohit Bansal and Kunal Bahl, the co-founders of AceVector, will not be selling any OFS shares. Probably the only initial public offering (IPO) in the internet industry where the promoters/founders aren’t selling any stock.
In comparison to Rs 90 crore in FY23, Unicommerce reported operating revenue of Rs 103.5 crore for the fiscal year that ended in March 2024. From Rs 6.4 crore in the previous fiscal year to Rs 13 crore in FY24, the company’s profits more than doubled.
