Unicommerce eSolutions Limited IPO: A Quick Overview

Unicommerce eSolutions Limited is a leading SaaS platform for e-commerce enablement, and its IPO is generating significant interest. However, it’s essential to weigh the potential benefits against the risks before making an investment decision.

Timeline

IPO Open Date:	August 6, 2024
IPO Close Date:	August 8, 2024
Basis of Allotment:	August 9, 2024
Refunds:	August 12, 2024
Credit to Demat Account:	August 12, 2024
IPO Listing Date:	August 13, 2024

About Company Unicommerce eSolutions Limited

Unicommerce eSolutions Limited is a leading Software-as-a-Service (SaaS) platform that empowers e-commerce businesses to streamline their operations. Founded in 2012, the company has grown significantly to become a preferred choice for brands, sellers, and logistics providers.

Core Business:

• E-commerce Enablement Platform: Unicommerce offers a comprehensive suite of software solutions to manage various aspects of e-commerce operations.
• Key Services: Warehouse management, multi-channel order management, inventory management, logistics, and payment reconciliation.
• Client Base: The company serves a diverse clientele, including D2C brands, marketplaces, and logistics service providers.

Market Position:

• Unicommerce is a dominant player in the Indian e-commerce enablement SaaS market.
• Its strong client base and comprehensive product offerings have contributed to its market leadership.
• The company has a proven track record of delivering value to its clients through efficient e-commerce operations.

Future Outlook:

• Unicommerce is poised to benefit from the continued growth of the e-commerce industry in India.
• Expanding its product offerings and geographic reach are key growth areas for the company.
• The IPO will provide Unicommerce with additional capital to invest in technology, research and development, and market expansion.

Here are some resources to learn more about company

• Read DRHP Here

---

Objective

The primary objective of the Unicommerce eSolutions IPO is to dilute the stake of existing shareholders.

As the IPO involves entirely an Offer for Sale (OFS) of shares by existing shareholders, the company itself does not receive any proceeds from the issue. The main purpose is to provide an exit opportunity for the selling shareholders, including SoftBank and AceVector Group (formerly Snapdeal).

By diluting their stake through the IPO, the existing shareholders can unlock the value of their investment in Unicommerce.

POSITIVE

• Market Leader: Unicommerce holds a strong position in the Indian e-commerce enablement SaaS market, benefiting from the growing e-commerce industry.
• Diverse Client Base: The company serves a wide range of clients, including brands, sellers, and logistics service providers, reducing reliance on any single segment.
• Scalable Business Model: The SaaS model offers potential for high growth and scalability with increasing customer acquisition.
• Strong Financial Performance: The company has demonstrated consistent growth in recent years (assuming positive financial performance).

NEGATIVE

• Competition: The e-commerce enablement SaaS market is evolving rapidly, with new entrants and existing players expanding their offerings.
• Customer Concentration: Reliance on a few large clients could pose risks if these clients reduce their business or switch to competitors.
• Technology Evolution: The e-commerce landscape is dynamic, requiring continuous investment in technology and product development to stay competitive.
• Economic Downturns: Economic slowdown can impact e-commerce spending, affecting the demand for Unicommerce’s services.

So,How Does Unicommerce eSolutions Limited IPO Fare in Terms of Financials ?

Financial Details

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	109.11	81.74	59.03
Revenue	109.43	92.97	61.36
Profit After Tax	13.08	6.48	6.01
Net Worth	68.91	51.89	41.37
Reserves and Surplus	45.87	37.70	31.47
Amount in ₹ Crore

Here are some key observations:

• Revenue Growth: The company has demonstrated consistent revenue growth over the past three years, indicating increasing demand for its e-commerce enablement services.
• Profitability: Unicommerce has been profitable in the last three financial years, with a steady increase in profit after tax (PAT), suggesting efficient operations and strong financial performance
• Asset Growth: The company’s assets have grown steadily, indicating investment in operations and expansion.
• Net Worth: A consistent increase in net worth suggests the company is retaining profits and reinvesting in the business.

Unicommerce eSolutions Limited IPO Valuation :

KPI	Values
ROE	17.36%
ROCE	25.93%
RoNW	18.98%
P/BV	15.81

Unicommerce eSolutions Limited IPO – SWOT Analysis

Strengths

• Market Leadership: Unicommerce holds a strong position in the Indian e-commerce enablement SaaS market.
• Diverse Client Base: The company serves a wide range of clients, reducing reliance on any single segment.
• Scalable Business Model: The SaaS model offers potential for high growth and scalability.
• Strong Technology Platform: A robust technology platform is essential for managing complex e-commerce operations.

Weaknesses

• Competition: The e-commerce enablement SaaS market is evolving with new entrants and existing players expanding their offerings.
• Customer Concentration: Reliance on a few large clients can pose risks.
• Economic Downturns: Economic slowdown can impact e-commerce spending, affecting demand for Unicommerce’s services

Opportunities

• Expanding Product Offerings: Unicommerce can explore new product lines and services to cater to evolving customer needs.
• Geographical Expansion: Expanding into new markets can drive growth and increase revenue.
• Strategic Partnerships: Collaborations with e-commerce platforms, logistics providers, and payment gateways can strengthen market position.

Threats

• Technological Disruptions: Rapid technological advancements can render existing solutions obsolete.
• Data Security Concerns: Ensuring data security and privacy is crucial in the e-commerce industry.
• Economic Downturns: Economic slowdown can impact e-commerce spending, affecting demand for Unicommerce’s services.

COMPETITIVE ANALYSIS: MARKET PEERS

• Shiprocket: A prominent player in the e-commerce logistics and fulfillment space.
• Cafe24: A South Korean e-commerce platform provider with a growing presence in India.
• Industry-Specific Platforms: E-commerce platforms like Shopify, Magento, and WooCommerce also offer e-commerce enablement solutions.

Unicommerce eSolutions Limited IPO GMP

• Grey market premium as on 06-08-2024 = Rs 25 / Share

Disclaimer:

• IPO Grey Market Premium (Unicommerce eSolutions Limited IPO GMP) mention is valid for the specific date as mentioned in the header.
• We are not buying and selling IPO forms on IPO Grey Market.
• Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

Unicommerce eSolutions Limited IPO

🔴 Live Subscription Status 🔴

08/08/2024 5:00 PM

	NO OF SHARES OFFERED	Day 1	Day 2	Day 3
Qualified Institutional Buyers(QIBs)	76,82,554	0.00	0.80	138.75
Non Institutional Investors(NIIs)	38,41,276	2.26	19.50	252.46
Retail Individual Investors(RIIs)	25,60,851	9.97	35.54	130.99
Total	1,40,84,681	2.43	12.22	168.35

FINAL TAKEAWAY

✅ May Apply

HOW APPLY IPO USING DEMAT , UPI, ASBA, NET BANKING ETC ?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩