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Unicommerce IPO anchor book to open on August 5, listing expected on August 13
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IPO to open for subscription on August 6 and close on August 8
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Company reports 15.5% revenue growth and twofold increase in net profit in FY24
Unicommerce, an e-commerce enablement platform backed by Snapdeal and SoftBank, is set to open its IPO anchor book on August 5, with a listing expected on August 13. The IPO will be open for subscription from August 6 to August 8.
The company has reported a 15.5% increase in revenue to Rs 104 crore in FY24, with a twofold increase in net profit to Rs 13 crore. Unicommerce’s platform provides end-to-end management of e-commerce operations for D2C brands, retail companies, and online sellers.
The IPO consists of an offer for sale of 2.56 crore shares by existing shareholders, including Snapdeal and SoftBank. The company has seen significant growth in its order processing, with a 37% increase in FY24. Unicommerce’s platform matches multi-location stocks to orders, automates order pick-ups, and provides software for returns management.
