CAM acted as legal advisor to The Kunal Bahl promoted Unicommerce eSolutions Ltd’s initial public offering (IPO)
CAM advised Unicommerce eSolutions Pvt. Ltd. (“the “Company”) and AceVector Group (formerly known as Snapdeal Limited) (“Promoter Selling Shareholder”) as their legal counsel as to the Indian law, on the initial public offering of 25,608,512 equity shares of face value ₹ 1 each (“Equity Share”) of the Company aggregating to ₹2,765.72 million (the “Offer” or “Offer for Sale”) by the Promoter Selling Shareholder and SB Investment Holdings (UK) Limited (“Investor Selling Shareholder”). The Offer opened on August 6, 2024, closed on August 8, 2024, and was oversubscribed by more than 168 times with qualified institutional buyers’ portion and retail portion being oversubscribed by 138.75 time and 130.99 times, respectively.
The Transaction included Yash J. Ashar, Gokul Rajan, Nayan Jain, Priyanka Khetwal, Nitesh Mishra, Aarushi Jain, Anjini Ganguly and Subham Jain.
Unicommerce eSolutions Ltd, a SaaS platform specializing in e-commerce management solutions for brands, sellers, and logistics providers, is set to launch its initial public offering (IPO). The company offers software products that enhance post-purchase e-commerce services.
The IPO has successfully raised ₹124.5 crore from 11 investors during its anchor round, with 1,15,23,831 (1.15 crore) shares allocated at ₹108 each.
IIFL Securities and CLSA India are managing the public issue, while Link Intime India is serving as the registrar.
The public issue comprises an offer for sale (OFS) of up to 2.56 crore shares with a face value of Re 1 each. The IPO’s price band is set between ₹102 and ₹108 per share.
With inputs from agency and CAM’s Post
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