At the upper end of the price band, the startup is set to raise over INR INR 276.57 Cr
Unicommerce’s IPO consists solely of offer for sale (OFS) aggregating up to 2.56 Cr equity shares
The company’s IPO is going to open for bidding on August 6 and close on August 8
SaaS startup Unicommerce
has set a price band of INR 102-108 per equity share for its upcoming initial public offering (IPO), which is going to open for bidding on August 6 and close on August 8.
The IPO, which consists of offer for sale (OFS) aggregating up to 2.56 Cr equity shares, will see the selling shareholders bag INR 276.57 Cr at the upper end of the price band.
The anchor bidding is starting on August 5. The bid lot of the IPO is 138 shares and in multiples of the same thereafter.
Under the OFS, AceVector Ltd (formerly Snapdeal) and SoftBank will be selling up to 94.38 Lakh equity shares and up to 1.61 Cr equity shares respectively.
Meanwhile, Snapdeal cofounders Kunal Bahl and Rohit Bansal, who hold a joint stake in Unicommerce via their VC firm B2 Capital Partners, have withdrawn from the OFS. Earlier, they planned to offload 22 Lakh equity shares.
(The story will be updated shortly.)
