Unicommerce Files RHP For IPO, SoftBank To Sell Up To 1.61 Cr Shares

Unicommerce Files RHP For IPO, SoftBank To Sell Up To 1.61 Cr Shares

SUMMARY

Unicommerce's IPO will open for subscription on August 6 and close on August 8, with bidding for anchor investors opening for a day on August 5

Unicommerce’s IPO will only have an offer for sale (OFS) component with 2.56 Cr equity shares, with no fresh issuance of shares

Under the OFS, AceVector Ltd (formerly Snapdeal) and SoftBank will offload up to 94.38 Lakh equity shares and up to 1.61 Cr equity shares

Snapdeal-backed SaaS startup Unicommerce has filed a red herring prospectus (RHP) with the markets regulator Securities Exchange of India (SEBI) for its initial public offering.

Unicommerce’s IPO will open for subscription on August 6 and close on August 8. The bidding for anchor investors will open for a day on August 5, according to the RHP.

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