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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
(₹ in Crore)
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Unicommerce eSolutions Limited operates an e-commerce enablement SaaS platform that helps brands, sellers and logistics providers run their online retail operations. Its product suite covers warehouse and inventory management, multi-channel order management, omnichannel retail management, a marketplace seller management panel, post-order logistics tracking and courier allocation, and payment reconciliation. Incorporated in February 2012, the company has processed hundreds of millions of order items through its order management system and maintains integrations with over 100 marketplaces, over 100 logistics partners, and multiple ERP and point-of-sale systems. It serves a large base of enterprise and small and mid-sized business clients across sectors such as fashion, electronics, FMCG and pharmaceuticals, including well-known names in Indian e-commerce, and has extended its footprint to enterprise clients in several other countries, mainly in Southeast Asia and the Middle East. The company describes itself as India's largest e-commerce enablement SaaS platform and highlights that it was the only profitable company among the leading players in its space as of fiscal 2023. Revenue and profit grew across the three years leading up to the offer. The IPO itself was entirely an offer for sale by existing shareholders, so the company did not raise any fresh capital through the listing.
Ahead of the offer the company's selling shareholders raised about Rs 124 crore through the anchor book at the issue price, since the entire offering, including the anchor tranche, was an offer for sale by existing shareholders.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 11:15 PM
Scale in e-commerce SaaS
The company describes itself as the largest e-commerce enablement SaaS platform in India, giving it broad reach across brands, sellers and logistics partners.
Profitable among peers
The company positions itself as the only profitable player among the leading e-commerce SaaS platforms in India as of fiscal 2023, a differentiator in a segment where many competitors are still loss-making.
Deep integration network
Extensive integrations with marketplaces, logistics partners and ERP or point-of-sale systems make the platform a central hub for e-commerce operations, increasing switching costs for customers.
Customer concentration without long-term contracts
A meaningful share of revenue comes from large customers that are not locked into long-term agreements, so losing a major client could hurt results.
Dependence on dropshipping volumes
Part of the business is tied to how much clients rely on dropship fulfillment, and any shift in client fulfillment strategy could affect revenue.
No long-term supplier agreements
The company lacks long-term contracts with its suppliers, leaving it exposed to supply disruptions or cost increases.
Unicommerce eSolutions Limited
Mezzanine Floor, A-83, Okhla Industrial Area Phase-II, New Delhi - 110020, India
View on Maps →MUFG Intime India Private Limited
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International currency exposure
Operations in Southeast Asia and the Middle East expose the company to foreign currency fluctuations.