Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Review –
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) is set to open from 6th Aug 2024 to 8th Aug 2024. This article will analyze the financials , strengths and weaknesses of the Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO). Keep scrolling below to read more!
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Overview –
Established in 2012, Unicommerce eSolutions Limited is India’s largest e-commerce enablement SaaS (Software as a Service) platform in the transaction processing or nerve center layer. It offers the end-to-end management of e-commerce operations for brands, sellers and logistics service provider firms.
The company offers a range of software products to help businesses efficiently manage their e-commerce operations after purchase. These products include warehouse and inventory management system (WMS), multi-channel order management system (OMS), omni-channel retail management system (Omni-RMS), seller management panel, UniShip – post order journey solution, and UniReco – automate reconciliation of payments.
Its clients include D2C brands, brand aggregator firms, traditionally offline brands, e-commerce retailers, marketplaces, and third-party logistics from various sectors such as fashion, electronics, home and kitchen, FMCG, beauty and personal care, sports and fitness, nutrition, health and pharma, logistics and warehousing.
As of 31 March 2024, it had 131 Marketplaces and WebStore integrations, 101 Logistics Partner integrations and 11 ERPs, POS and other systems integrations.
As of March 31, 2024, the company processed 791.63 million order items through its Order Management System (OMS) and had integrations with 131 marketplaces and web store software for automated order information flow.
The company’s clients span various sectors, including fashion, electronics, home and kitchen, FMCG, beauty, sports, fitness, nutrition, health, pharma, and third-party logistics. Some of the company’s prestigious clients include Lenskart, SupperBottoms, Zivami, Chumbak, Paragon, PharmEasy, XpressBees, Shiprocket, Mamaearth, Sugar Cosmetics, Cello, and so on.
As of March 31, 2024, the company had 312 employees in various departments.
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Synopsis-
Brainbees Solutions Limited IPO (Firstcry IPO) is set to be open from 6th Aug 2024 to 8th Aug 2024, offering entirely offer for sale of 2.56 crore shares aggregating to Rs 276.57 crores. This NSE,BSE IPO follows a Book Built Issue IPO with tentative listing date fixed as Tuesday, August 13, 2024.
The total issue size of this IPO amounts to Rs. 276.57 Crores. The company has allocated shares 10% to retail investors, 75% to institutional and 15% to non institutional investors.
| Particulars | Details |
| Opening Date | 6th Aug 2024 |
| Closing Date | 8th Aug 2024 |
| Lot Size | 138 Shares |
| Face Value | Rs. 2 |
| IPO Size | Rs. 276.57 Cr |
| Fresh Issue | N/A |
| IPO Price Range | Rs. 102 – 108 |
| Min. Investment | Rs. 14,904 |
| Offer for Sale (OFS) | Rs. 276.57 Cr |
| Employee Discount | N/A |
| Basis of Allotment | 9th Aug 2024 |
| Refunds | 12th Aug 2024 |
| Listing Date | 13th Aug 2024 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Market Lot
Brainbees Solutions Limited IPO (Firstcry IPO) minimum market lot is 138 shares with ₹14,904 application amount. The retail investors can apply up-to 13 lots with 416 shares or ₹193,440 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 138 | ₹14,904 |
| Retail Maximum | 13 | 1,794 | ₹193,752 |
| S-HNI Minimum | 14 | 1,932 | ₹208,656 |
| B-HNI Minimum | 68 | 9,384 | ₹1,013,472 |
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Book Running Lead Managers –
- Iifl Securities Ltd
- Clsa India Private Limited
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Registrar to the offer –
The registrar for the Brainbees Solutions Limited IPO (Firstcry IPO) is Link Intime India Private limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
The Objective Of The Issue –
Company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Key Performance Indicator –
The market capitalization of Unicommerce eSolutions IPO is Rs 1106.29 Cr.
KPI as of March 31, 2024.
| Earning Per Share (EPS): Post IPO | ₹1.28 per Equity Share |
| Price/Earning P/E Ratio: Post IPO | 84.59 |
| Return on Net Worth (RoNW): | 18.98% |
| PAT Margin(%) | N/A |
| Net Asset Value (NAV): | ₹6.83 per Equity Share |
Financial Status –
Revenue growth : Revenue increased from ₹613.6 lakhs in Fiscal 2022 to ₹929.7 lakhs in Fiscal 2023 and further to ₹1,094.3 lakhs in Fiscal 2024. This steady growth reflects the company’s expanding customer base and increasing market penetration.
Profit After Tax (PAT) : Rising from ₹60.1s lakh in Fiscal 2022 to ₹64.8 lakhs in Fiscal 2023 and reaching ₹130.8 lakhs in Fiscal 2024. This upward trend in profitability indicates efficient cost management and successful operations scaling.
EBITDA margin: Increased substantially, from 8.54% in Fiscal 2022 to 7.25% in Fiscal 2023, and then significantly jumped to 13.92% in Fiscal 2024. This improvement highlights the company’s enhanced operational efficiency and ability to generate higher earnings before interest, taxes, depreciation, and amortisation.
Total assets: Grown significantly, from ₹590.34 lakhs in Fiscal 2022 to ₹817.40 lakhs in Fiscal 2023 and further to ₹1,091.13 lakhs in Fiscal 2024. This asset growth reflects the company’s ongoing investments in technology, infrastructure, and market expansion.
Net Worth : Increased from ₹413.7 lakhs in Fiscal 2022 to ₹518.9 lakhs in Fiscal 2023 and to ₹689.1 lakhs in Fiscal 2024. The rising net worth underscores the company’s ability to retain earnings and strengthen its financial position yearly.
| Particulars(in Rs. Crores) | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
| Revenue From Operations | 109.43 | 92.97 | 61.36 |
| PAT | 13.08 | 6.48 | 6.01 |
| Net Worth | 68.91 | 51.89 | 41.37 |
| Total Assets | 109.11 | 81.74 | 59.03 |
| Reserves and Surplus | 45.87 | 37.70 | 31.47 |
Valuation of P/E Ratio
The P/E Ratio of Unicommerce eSolutions Limited (Unicommerce eSolutions IPO) is 84.59
Comparative Analysis with Listed Peers
The average P/E Ratio of the industry is N/A.
Peers of Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) –
Unicommerce eSolutions Limited doesn’t have any peer comparison.
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Strengths –
- Has been the largest e-commerce enablement SaaS platform for the last three fiscals and the only profitable company among the top five players in the industry in India during FY23.
- Comprehensive suite of products with a wide range of plug-and-play integrations which help businesses of all sizes, selling both online and offline, to complete their entire day-to-day fulfillment operations efficiently.
- Diversified and growing base of marquee clients across various industries due to its client acquisition activities in flagship events and the flexible and quickly adaptable nature of its product.
- Technology platform built for scalability and high adaptability to accommodate various uses across different industries.
- Consistent track record of growth with EBITDA margins of 12%, 12%, and 17% in FY22, FY23, and FY24, respectively.
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Weakness –
- Faces competition from and could lose market share to its competitors like Increff, Vinculum, Browntape, and Easyecom.
- It is difficult to benchmark and evaluate its financial performance as it does not have any listed peers in India.
- Experienced negative cash flows from investing activities in FY22 and FY24 amassing to ₹13 crore and ₹29 crore, respectively.
- Business is subject to seasonality and a change in the expectations of seasonal changes may adversely affect its business operations.
- High employee benefit expense, which made up 70% of its total expense in FY24 could prevent it from sustaining its competitive advantage.
- Failures in the third-party data center hosting facilities could impair the delivery of its services and adversely affect business.
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) Status
Brainbees Solutions Limited IPO (Firstcry IPO) allotment status will be available on Link Intime’s website.
Click on Link Intime IPO weblink to get allotment status.
Unicommerce eSolutions Limited IPO (Unicommerce eSolutions IPO) GMP Today –
IPO’s last GMP is ₹35, last updated Aug 7th 2024. With the price band of 108.00, IPO’s estimated listing price is ₹143(cap price + today’s GMP). The expected percentage gain/loss per share is 32.41%.
Note : The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates, nor do we recommend trading in grey market.
Conclusion –
Hope the details presented in this blog will assist you in learning about the financial performance of the company. Before making an investment in the company’s upcoming initial public offering (IPO), thoroughly research the company, its finances, business prospects, and market trends.
Also, investors should consult their financial advisor, conduct further due diligence, analyze industry trends and the competitive landscape, and consider risk factors before making an investment decision.
For all such latest information on upcoming IPOs, keep visiting our website.
