Unicommerce eSolutions Ltd., an e-commerce enablement Software-as-a-Service (SaaS) platform within the transaction processing layer, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for popping out with an Initial Public Offering (IPO).
As per the DRHP the corporate has a constant observe report of profitability and progress, with income progress of 52.56% and 47.55% over the earlier fiscal years in FY 23 & FY 22, respectively. For the interval ended September 2023, the corporate achieved an Annual Recurring Revenue (ARR) of ₹103.74 crore.
The provide contains of a proposal for sale aggregating as much as 2,98,40,486 fairness shares by the “Selling Shareholders” with face worth of ₹1 every fairness share.
The firm’s suite of SaaS options allows end-to-end administration of e-commerce operations for manufacturers, retailers, marketplaces and logistics service suppliers.
