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

Newsmantra — Wed, 07 Aug 2024 06:07:21 +0000

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 06^th, 2024 and close on Thursday, August 08^th, 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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Unicommerce eSolutions Limited raises ₹ 124.46 crore from 14 anchor investors at the upper price band of ₹ 108 per equity share