Unified Data-Tech Solutions IPO
IPO Details
Unified Data-Tech Solutions IPO is a bookbuilding of ₹144.47 Crore. The issue is entirely a fresh issue of Nil and an offer for sale of ₹144.47 Crore (52.92 lakh shares).
Unified Data-Tech Solutions IPO opens for subscription on 2025-05-22 and closes on 2025-05-26. The allotment is expected to be finalized on 2025-05-27. The IPO will be listed on BSE, NSE with tentative listing date as 2025-05-29.
Price band is set at ₹260 to ₹273 per share. The minimum lot size for application is 400 shares (₹104000). It is suggested to bid at the cutoff price to avoid oversubscription, which is about ₹109200.
IPO Timeline
Company Overview
Unified Data-Tech Solutions IPO Details
Unified Data-Tech Solutions Limited is a Mumbai-based IT services provider specializing in system integration, cybersecurity, and data center solutions. Established in 2010, the company serves over 1,000 clients across banking, finance, insurance, and IT sectors, with offices in Pune and Ahmedabad :cite[2]:cite[9].
Company Overview
The company operates as an OEM-authorized partner, offering services such as virtualization, secure application delivery, and IT infrastructure management. It holds ISO 9001:2015 and ISO 27001:2013 certifications, ensuring quality and security standards :cite[9].
Financial Performance :cite[2]:cite[7]
| Particulars | FY 2023 | FY 2024 | FY 2025 (11 months) |
|---|---|---|---|
| Revenue | ₹112.81 Cr | ₹266.80 Cr | ₹203.66 Cr |
| PAT | ₹10.40 Cr | ₹25.13 Cr | ₹31.68 Cr |
| PAT Margin | 9.21% | 9.42% | 15.55% |
Note: FY2025 data covers 11 months ending February 28, 2025.
IPO Structure
- Issue Type: 100% Offer for Sale (OFS) by promoter Hiren Rajendra Mehta :cite[1]:cite[8].
- Price Band: ₹260–273 per share.
- Minimum Investment: ₹1,09,200 (400 shares at upper band).
- Listing: BSE SME platform :cite[4].
Key Dates
| Event | Date |
|---|---|
| Anchor Allotment | May 21, 2025 |
| Subscription Window | May 22–26, 2025 |
| Refund Initiation | May 28, 2025 |
Subscription Status (Day 1) :cite[3]:cite[6]
| Category | Subscription Multiples |
|---|---|
| QIB | 1.49x |
| NII | 1.53x |
| Retail | 3.21x |
| Total | 2.3x |
Strengths & Risks
Strengths
- Established client base with long-term relationships :cite[9].
- Debt-free status and consistent revenue growth (135.66% YoY in FY24) :cite[1]:cite[5].
- ISO certifications and partnerships with leading OEMs :cite[9].
Risks
- Dependency on top 5 clients for >60% revenue :cite[2].
- No long-term contracts with customers :cite[2].
- Promoter control remains high post-IPO (60.39%) :cite[7].
Grey Market Premium (GMP)
- Current GMP: ₹58–121 per share :cite[3]:cite[5].
- Expected Listing Price: ₹331–394 (21.25%–44.32% premium over upper band) :cite[3]:cite[5].
Lead Managers & Registrar
- Lead Manager: Hem Securities Limited :cite[1]:cite[8].
- Registrar: KFin Technologies Limited :cite[4].
Anchor Investors
Raised ₹41.14 crore from 18 anchor investors, including Bharat Venture Opportunities Fund and Aarth AIF Growth Fund :cite[6].
Expert Opinion
Analysts highlight the IPO’s undervaluation (P/E ratio of 21.82x vs industry average of 35.53x) and strong financial growth. However, caution is advised due to customer concentration risks and lack of long-term contracts :cite[2]:cite[5]. The SME IPO is expected to attract retail investors, given the high GMP and sectoral growth prospects in IT infrastructure :cite[3].
Business Segments
Information about business segments will be available soon.
Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 (11m) |
|---|---|---|---|
| pat | ₹10.4 Cr | ₹25.13 Cr | ₹31.68 Cr |
| pat margin | 9.21%% | 9.42%% | 15.55%% |
| revenue | ₹112.81 Cr | ₹266.8 Cr | ₹203.66 Cr |
* Percentage values represent margins
Additional Information
The proceeds from the IPO will be used for:
- Expansion of manufacturing facilities
- Debt repayment
- General corporate purposes
Information about key strengths will be available soon.
Information about risk factors will be available soon.
| Category | Allocation | Subscription |
|---|---|---|
| QIB | 18.99% | 1.49x |
| NII | 14.25% | 1.53x |
| Retail | 33.24% | 3.21x |
| Total | 100% | 2.3x |
Industry analysts are positive about the company's growth prospects given its strong financial performance, diversified product portfolio, and expansion plans. The IPO is expected to receive good response from investors looking for exposure to the sector.
Grey Market Premium
*Expected Premium is derived from market rumors. It is not a guaranteed indicator of the actual listing price.
IPO Quick Info
Market Lot
IPO Details
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar
Link Intime India Private Limited
