Unified Information-Tech Options IPO itemizing: Shares of Unified Information-Tech Options IPO made a good debut on the bourses on Thursday, Could 29, as they listed at ₹285 on BSE SME, a premium of 4.4 % over the problem value of ₹273.
The SME IPO, valued at ₹144.47 crore, was open for subscription from Could 22 to Could 26.
The IPO concluded on an robust word, receiving bids amounting to 91.12 instances the shares on provide over the three-day bidding interval. A complete of 32.05 crore shares had been bid for, in comparison with the 35.17 lakh shares accessible. The retail investor portion was subscribed 43.62 instances, whereas the non-institutional investor (NII) class noticed a subscription of 212.43 instances. In the meantime, the Certified institutional consumers (QIBs) portion was booked 83.22 instances.
Concerning the IPO
Unified Information-Tech Options IPO was a very offer-for-sale of 52.92 shares, with no contemporary situation element. The minimal software measurement was set at 400 shares, requiring a minimal funding of ₹1,04,000 from retail buyers.
Unified Information-Tech Options clarified in its Purple Herring Prospectus (RHP) that it’s going to not obtain any proceeds from the continued public provide. The corporate acknowledged that each one proceeds from the provide will go to the Promoter Promoting Shareholder, after deducting offer-related bills and relevant taxes, which will probably be borne by the shareholder. In consequence, Unified Information-Tech won’t profit immediately from the funds raised by the IPO.
Hem Securities Restricted has been appointed because the book-running lead supervisor for the Unified Information-Tech IPO. Kfin Applied sciences Restricted is dealing with the registrar obligations for the general public situation. In the meantime, Hem Finlease Non-public Restricted will function the market maker for the IPO.
Concerning the Firm
Unified Information-Tech Options Non-public Restricted (UDTechs), established in 2010, is a Mumbai-based IT companies firm that delivers progressive and tailored know-how options to its purchasers.
The corporate focuses on a variety of IT companies, together with knowledge heart options, virtualization, cybersecurity, and networking. Its clientele spans essential sectors resembling banking, monetary companies, and data know-how. UDTechs focuses on offering safe, high-performance, and cost-effective know-how infrastructure and ongoing assist to satisfy the distinctive wants of every consumer.
UDTechs additionally procures and provides services associated to knowledge facilities, safe software supply, and cybersecurity. It operates as a licensed accomplice for varied authentic tools producers (OEMs), providing a collection of IT merchandise, upkeep contracts, subscriptions, and assist companies.
With operational branches in Pune and Ahmedabad, the corporate has constructed a robust nationwide presence and at present serves greater than 1,000 purchasers throughout India.
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