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Unicommerce eSolutions Limited raises ₹ 124.46 crore from 14 anchor investors at the upper price band of ₹ 108 per equity share

Unicommerce eSolutions Limited raises ₹ 124.46 crore from 14 anchor investors at the upper price band of ₹ 108 per equity share

 

  • Price Band fixed at ₹ 102 to ₹ 108 per Equity Share of face value of ₹ 1 each (“Equity Share”);
  • Bid/ Offer will open on Tuesday, August 06th, 2024 and close on Thursday, August 08th, 2024.
  • Bids can be made for a minimum of 138 Equity Shares and in multiples of 138 Equity Shares thereafter.

Bengaluru, August 6, 2024: Unicommerce eSolutions Ltd, has allocated 11,523,831 Equity Shares to 14 anchor Investors and raised ₹  124.46 crore ahead of company’s proposed IPO at the upper price band of ₹ 108 per equity share (including premium of ₹ 107 per equity shares) with face value of ₹ 1 per share.

 

Sr. No. Name of Anchor Investor No of Equity Shares Allocated % of Anchor Investor Portion Bid Price (₹ per Equity Shares) Total Amount Allocated (₹)
1 SBI TECHNOLOGY OPPORTUNITIES FUND 1,296,372 11.25% 108 140,008,176
2 HDFC MUTUAL FUND – HDFC NON CYCLICAL CONSUMER FUND 583,326 5.06% 108 62,999,208
3 HDFC MUTUAL FUND – HDFC TECHNOLOGY FUND 713,046 6.19% 108 77,008,968
4

 

ICICI PRUDENTIAL TECHNOLOGY FUND 1,296,372 11.25% 108 140,008,176
5 MORGAN STANLEY INVESTMENTS FUNDS INDIAN EQUITY FUND 462,963 4.02% 108 50,000,004
6  

MORGAN STANLEY INDIA INVESTMENT FUNDS INC.

 

833,409 7.23% 108 90,008,172
7 KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK CONSUMPTION FUND 648,186 5.62% 108 70,004,088
8 KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TECHNOLOGY FUND 648,186 5.62% 108 70,004,088
9 NIPPON INDIA MUTUAL FUND A/C NIPPON EQUITY HYBRID FUND 1,296,372 I1.25% 108 140,008,176
10 ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND 749,202 6.50% 108 80,913,816
11 THE PRUDENTIAL ASSURANCE COMPANY LIMITED 749,064 6.50% 108 80,898,912
12 FRANKLIN INDIA TECHNOLOGY FUND 749,202 6.50% 108 80,913,816
Sr. No. Name of Anchor Investor No of Equity Shares Allocated % of Anchor Investor Portion Bid Price (₹ per Equity Shares) Total Amount Allocated (₹)
13 DSP MULTICAP FUND 749,064 6.50% 108 80,898,912
14 HIGH CONVICTION FUND – SERIES 1 749,067 6.50% 108 80,899,236
TOTAL 11,523,831 100.00% 1,244,573,748

 

Out of the total allocation of 11,523,831 Equity Shares to the Anchor Investors, 8,729,328 Equity Shares (i.e. 75.75% of the total allocation to Anchor Investors) to 14 domestic Mutual Funds through a total of 10 schemes.

 

Sr. No. Name of Anchor Investor No of Equity Shares Allocated % of Anchor Investor Portion Bid Price (₹ per Equity Shares) Total Amount Allocated (₹)
1 SBI TECHNOLOGY OPPORTUNITIES FUND 1,296,372 11.25% 108 140,008,176
2 HDFC MUTUAL FUND – HDFC NON CYCLICAL

CONSUMER FUND

583,326 5.06% 108 62,999,208
3 HDFC MUTUAL FUND – HDFC TECHNOLOGY FUND 713,046 6.19% 108 77,008,968
4 ICICI PRUDENTIAL TECHNOLOGY FUND 1,296,372 11.25% 108 140,008,176
5 KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK CONSUMPTION FUND 648,186 5.62% 108 70,004,088
6

 

KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TECHNOLOGY FUND 648,186 5.62% 108 70,004,088
7 NIPPON INDIA MUTUAL FUND A/C NIPPON EQUITY HYBRID FUND 1,296,372 11.25% 108 140,008,176
8 ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE

LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND

749,202 6.50% 108 80,913,816
9 FRANKLIN INDIA TECHNOLOGY FUND 749,202 6.50% 108 80,913,816
10 DSP MULTICAP FUND 749,064 6.50% 108 80,898,912
TOTAL 8,729,328 75.75% 942,767,424

IIFL Securities Limited and CLSA India Private Limited are the Book Running Lead Managers to the Issue.

 

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