Unified Data-Tech Solutions Limited (Udtechs) is set to launch its Initial Public Offering (IPO) from May 22 to May 26, 2025, marking an important milestone since its establishment in 2010. The company, recognized for its commitment to transforming IT into a business growth catalyst, offers tailored and innovative IT infrastructure and system integration solutions.

IPO Details and Offer Structure

Unified Data-Tech Solutions’ IPO is a Book Built Issue consisting entirely of an Offer for Sale (OFS) of 52.92 lakh shares aggregating to ₹144.47 crores. The price band is fixed between ₹260 and ₹273 per equity share. Investors can bid in a minimum lot size of 400 shares, costing retail investors ₹1,09,200 per lot at the upper price band. High-Net-Worth Individuals (HNIs) must apply for a minimum of two lots, i.e., 800 shares, amounting to ₹2,18,400.

The company’s market capitalization at the upper band price of ₹273 per share will be ₹548.45 crores, highlighting a mid-sized SME-level enterprise poised for growth. The IPO shares will be listed on the NSE SME platform, with a tentative listing date of May 29, 2025.

Key stakeholders involved include:

• HEM SECURITIES LIMITED as the Book Running Lead Manager

• KFIN TECHNOLOGIES LIMITED as the Registrar

• Hem Finlease Private Limited as the Market Maker

Grey Market Premium (GMP) and Subscription Status

The Grey Market Premium (GMP) for the IPO currently stands at ₹40, which is roughly a 14.65% premium over the IPO price band upper limit. This premium reflects optimistic market sentiment and potential listing gains based on the company’s financial performance. However, GMP transactions are unofficial and unregulated, so investors should be cautious and consider GMP information only for educational purposes.

As of the IPO opening day on May 22, 2025, at 10:30 AM, the IPO subscription was at 0.26 times, indicating a moderate initial interest from investors. Subscription status can be tracked in real-time on BSE and NSE portals for updated insights during the subscription period.

Anchor Investors and Fund Raising

Prior to the public subscription, Unified Data-Tech Solutions successfully raised ₹41.13 crores from Anchor Investors at the upper price band of ₹273 per share. A total of 15,06,800 equity shares were allocated to these institutional investors, reflecting strong institutional confidence. Anchor investor allotments come from the Qualified Institutional Buyers (QIB) portion of the issue, underscoring the strategic backing from experienced market players.

Company Background and Leadership

Founded in 2010, Unified Data-Tech Solutions specializes in IT Infrastructure Services and System Integration with a focus on custom-fit IT solutions to meet business demands. The company is led by its promoters:

• Hiren Rajendra Mehta (Chairman & Managing Director) with 27 years of experience, who shapes the company’s business strategy and operations.

• Rajendra Kantilal Mehta (Whole-time Director) with over 35 years of experience, who maintains key customer relations and oversees corporate social responsibility initiatives.

Financial Performance Highlights

The company’s financial trajectory shows steady growth:

The pre-issue Earnings Per Share (EPS) stands at ₹12.51 for FY24, with the Price to Earnings (P/E) ratio at 21.82x, compared to the industry average P/E of 36x, indicating a relatively attractive valuation. The company’s Return on Capital Employed (ROCE) is an impressive 52.55%, and Return on Equity (ROE) is 48.81%, showcasing efficient capital utilization and profitability.

IPO Valuation and Investment Outlook

Based on the latest financial data, the annualized EPS is ₹17.20 with a post-issue P/E ratio of 21.82x. The IPO appears fairly priced considering its strong fundamentals and robust growth prospects. The current Grey Market Premium of ₹40 suggests potential listing gains around 14.65%, making this IPO attractive for investors seeking short-term gains upon listing.

How to Check IPO Allotment Status

Investors can check their IPO allotment status online starting from May 27, 2025, through the registrar’s website by following these steps:

1. Visit the IPO allotment status webpage.

2. Select "Unified Data-Tech Solutions Limited IPO" from the dropdown list.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to view your allotment result.

IPO Objectives and Use of Proceeds

Since the IPO is entirely an Offer for Sale, Unified Data-Tech Solutions will not receive any proceeds from the issue. The entire amount raised will be received by the promoter selling shareholders, after deducting expenses and taxes related to the offer.

Summary

Unified Data-Tech Solutions Limited’s IPO offers investors a chance to participate in a growing IT infrastructure services company with solid financials and experienced leadership. The ₹144.47 crore Offer for Sale with a price band of ₹260-273, backed by strong anchor investor support and a favorable Grey Market Premium, points to an attractive listing opportunity on the NSE SME platform. Risk-tolerant investors may consider applying for potential listing gains, while keeping in mind the typical risks associated with SME IPOs and grey market pricing.

The Upcoming IPOs in this week and coming weeks are Neptune Petrochemicals, Aegis Vopak Terminals, Schloss Bangalore, Astonea Labs, Nikita Papers, Prostarm Info Systems, Victory Electric Vehicles International, Blue Water Logistics, Wagons Learning.

The Current active IPO are Unified Data - Tech Solutions, Dar Credit and Capital, Belrise Industries, Borana Weaves.

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