Unicommerce eSolutions IPO Review

Unicommerce is India’s largest e-commerce enablement SaaS platform in transaction processing in terms of revenue for the financial year ended March 31, 2022, that enables end-to-end management of e-commerce operations for brands, sellers and logistics service provider firms.

The Company is led by professional Promoters, named, Kunal Bahl and Rohit Kumar Bansal has Bahl, along with the details of his educational qualifications, experience in the business, posts/positions held in the past, directorships in other entities, his business and financial activities and special achievements.

Financially, Unicommerce revenue increased from ₹613.63 Millions in FY22 to ₹929.70 Millions in FY23 and currently increased to ₹1,094.34 Millions in FY24. Similarly, EBITDA increased from ₹50.39 Millions in FY22 to ₹65.30 Millions in FY23 and currently increased at ₹144.17 Millions in FY24. The PAT is stable from ₹60.10 Millions in FY22 to ₹64.76 Millions in FY23 and currently increased at ₹130.78 Millions in FY24. This indicates a steady financial performance.

For the Unicommerce IPO, the company is issuing shares at a pre-issue EPS of ₹1.30 and a post-issue EPS of ₹1.30. The pre-issue P/E ratio is 83.08x, while the post-issue P/E ratio is 83.08x. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Unicommerce indicates potential listing gains of 20% to 25%. Given the company's financial performance and the valuation of the IPO, we recommend only Risk taking Investors to Apply in Unicommerce eSolutions Limited IPO for Listing gain or long term investment purposes.