Unicommerce IPO Anchor Book to Open on August 5, Listing on August 13

• Unicommerce, backed by Snapdeal and SoftBank, will open its IPO anchor book on August 5, with listing expected on August 13.
• The IPO subscription will be open from August 6 to August 8, with the offer for sale size reduced from 2.98 crore shares to 2.56 crore shares.
• Snapdeal plans to sell 94.38 lakh shares, while SoftBank aims to offload 1.61 crore shares in the IPO.
• Unicommerce reported a 15.5% revenue increase to Rs 104 crore in FY24, with net profit more than doubling to Rs 13 crore.
• The company, which provides SaaS-based e-commerce management solutions, saw a 37% increase in order items processed, reaching 77.2 crore in FY24.

Source: Moneycontrol