Ahmedabad: Unicommerce eSolutions Limited shall open its Bid/Offer in relation to its initial public offer of Equity Shares on August 06, 2024, the company said on Friday.

As per the official statement of the company, “The total Offer size of Equity Shares comprises offer for sale of up to 25,608,512 Equity Shares (“Offer for Sale”) out of which 9,438,272 Equity Shares are being offered for sale by Acevector Limited (formerly known as Snapdeal Limited) (“Promoter Selling Shareholder”) and 16,170,240 Equity Shares by SB Investment Holdings Pte. Ltd (“Investor Selling Shareholder”, together with Promoter Selling Shareholder, the “Selling Shareholders”). IIFL Securities Limited and CLSA India Private Limited are the book running lead managers to the Offer (“BRLMs”).”

“The objectives of the Offer are to (i) carry out the sale of up to 25,608,512 Equity Shares by the Selling Shareholders and (ii) achieve the benefits of listing the Equity Shares on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”) (The “Objects of the Offer”). NSE is the designated Stock Exchange in respect of the Offer,” the statement added.

The press statement also states, “This Equity Shares are being offered through the red herring prospectus dated July 30, 2024 (the “RHP”) filed by the Company with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi, Securities and Exchange Board of India (“SEBI”) and Stock Exchanges.”