Unified Data- Tech Solutions Limited is launching its Initial Public Offering (IPO) on May 22, 2025, aiming to raise ₹144.47 Crores entirely through an Offer for Sale (OFS) of 52.92 lakh equity shares. The IPO is set to close on May 26, 2025, with allotment likely finalized by May 27, 2025, and the expected listing date on the NSE SME platform is May 29, 2025.

The IPO is a Book Built Issue, and the price band is fixed between ₹260 to ₹273 per share. The market capitalisation of Unified Data- Tech Solutions at the upper price band of ₹273 stands at ₹548.45 Crores. The lot size is 400 shares, translating to a minimum investment of ₹1,09,200 for retail investors. For High Net-Worth Individuals (HNIs), the minimum bid is 2 lots (800 shares), or ₹2,18,400.

Company Background and Business Model

Unified Data- Tech Solutions Limited, also known as Udtechs, has been in operation since 2010 and is focused on transforming IT into a catalyst for business growth. They provide tailored IT solutions, particularly in IT infrastructure services and system integration, aiming to help businesses grow and adapt through customized technology. Their mission has been consistent: empowering enterprises by offering efficient and scalable IT strategies.

The company is led by Hiren Rajendra Mehta, who serves as the Chairman and Managing Director with 27 years of experience in the IT infrastructure sector, and Rajendra Kantilal Mehta, the Whole-Time Director with over 35 years of experience, responsible for CSR activities and customer relationship management.

Financial Performance

Unified Data- Tech Solutions has demonstrated impressive and steady growth:

• Revenue from operations:

  • FY22: ₹9,549.60 Lakh

  • FY23: ₹11,281.31 Lakh

  • FY24: ₹26,680.30 Lakh

  • 9M FY24 (Dec 31, 2024): ₹20,366.27 Lakh

• EBITDA:

  • FY22: ₹1,334.11 Lakh

  • FY23: ₹1,479.55 Lakh

  • FY24: ₹3,429.05 Lakh

  • 9M FY24: ₹4,224.42 Lakh

• Profit After Tax (PAT):

  • FY22: ₹970.88 Lakh

  • FY23: ₹1,040.09 Lakh

  • FY24: ₹2,512.59 Lakh

  • 9M FY24: ₹3,168.31 Lakh

The Earnings Per Share (EPS) for FY24 (pre-issue and post-issue) is ₹12.51. The P/E ratio is 21.82x, while the industry average P/E is around 36x, making this IPO fairly priced. Additionally, the Annualised EPS stands at ₹17.20, reducing the P/E ratio to an attractive 15.86x.

Anchor Investment and GMP Trends

The company has raised ₹41.13 Crores from anchor investors by allocating 15,06,800 shares at ₹273 each on May 21, 2025, just before the IPO opened. This indicates strong institutional interest.

The Grey Market Premium (GMP) currently stands at ₹40, suggesting an expected listing price of ₹313, which is 14.65% higher than the upper band price of ₹273. This makes it potentially attractive for investors looking for listing gains.

IPO Details and Subscription Guidelines

• IPO Type: Book Built Issue

• Issue Size: ₹144.47 Cr

• Shares Offered: 52.92 lakh equity shares (Offer for Sale)

• Price Band: ₹260 – ₹273

• Lot Size: 400 shares

• Minimum Investment (Retail): ₹1,09,200

• Minimum Investment (HNI): ₹2,18,400 (800 shares)

• Listing Platform: NSE SME

• Registrar: KFIN Technologies Limited

• Book Running Lead Manager: HEM Securities Limited

• Market Maker: Hem Finlease Private Limited

Subscription and Allotment Timeline

• IPO Opens: May 22, 2025

• IPO Closes: May 26, 2025

• Allotment Finalisation: May 27, 2025

• Listing Date: May 29, 2025 (Tentative)

Investors will be able to check their allotment status online from the registrar's official portal by entering Application No., PAN, or DP ID.

Key Financial Ratios and Metrics

• Pre-issue and Post-issue EPS (FY24): ₹12.51

• P/E Ratio: 21.82x (industry average: 36x)

• Annualised EPS: ₹17.20

• Annualised P/E Ratio: 15.86x

• Return on Capital Employed (ROCE): 52.55%

• Return on Equity (ROE): 48.81%

• Return on Net Worth (RoNW): 39.23%

These metrics highlight efficient capital utilization, strong profitability, and sound financial management.

Objective of the IPO

It's important to note that this IPO is purely an Offer for Sale. Therefore, the company will not receive any proceeds from the IPO. Instead, all funds will go to the promoter selling shareholders, post-deduction of taxes and related expenses.

GMP Disclosure and Risk Note

While the Grey Market Premium is a good indicator of sentiment, investors are cautioned that GMP is unregulated, and no real trading is done on it. Thus, it should only be considered for informational and educational purposes. The final listing price can vary depending on demand and subscription levels.

Expert Verdict

Given the company’s strong financials, reasonable valuations, and positive GMP, the Unified Data- Tech Solutions IPO appears suitable for risk-taking investors aiming for short-term listing gains. The company's consistent profitability, institutional backing, and sound growth strategy make it a viable candidate for listing benefits, though long-term fundamentals should also be evaluated carefully.

Recommendation:
Risk-tolerant investors may consider applying for listing gains. Conservative investors should wait to assess post-listing performance and company updates before entering.

The Upcoming IPOs in this week and coming weeks are Blue Water Logistics, Unified Data - Tech Solutions, Dar Credit and Capital, Belrise Industries, Wagons Learning.

The Current active IPO are Victory Electric Vehicles International, Borana Weaves.

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