Investors including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Morgan Stanley, Franklin Templeton and the Prudential Assurance Company participated in the anchor investment round.
The investors have been allocated shares at Rs 108 apiece — the upper end of the price band (Rs 102-108) set for its IPO.
The Gurugram-based company will open its issue for public bidding on Tuesday. The IPO will close on August 8 and the stock will be listed on the exchanges on August 13.
The IPO, which does not have a fresh issue component, will see an offer-for-sale (OFS) of up to 25.6 million shares.
The OFS has been truncated from the earlier plan of offloading 29.8 million shares. It will see SoftBank and promoter AceVector Group (formerly Snapdeal) sell stakes.
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B2 Capital Partners, the promoter entity through which Snapdeal cofounders Kunal Bahl and Rohit Bansal hold a stake jointly in Unicommerce, has dropped out of the OFS component. Earlier, B2 Capital planned to sell up to 2.2 million shares.As of date, SoftBank owns a 29.2% stake in the company. AceVector holds 38.2%, while B2 Capital owns close to 10%.
Founded in 2012, Unicommerce offers technology products to manage operations including warehouse and inventory management, order management, omnichannel retail management and seller management to ecommerce platforms.
The company counts large new-age consumer companies such as Myntra, Lenskart, Mamaearth and Boat among its clientele.