The sme IPO, valued at 144.47 Crore, was open for subscription from May 22 to May 26.
The IPO concluded on an strong note, receiving bids Amouning to 91.12 times the shares on offer over the three-day fidding period. A Total of 32.05 Crore Shares was bid for, compared to the 35.17 lakh shares available. The retail investor portion was subscribed 43.62 times, while the Non-Institutional Investor (NII) Category Saw a subscription of 212.43 times. Meanwhile, The Qualified Institutional Buyers (QIBS) PORSTION WAS BOKED 83.22 Times.
About the IPO
Unified Data-Tech Solutions iPo was a complete offer-drive-with 52.92 shares, with no fresh issue component. The minimum application size was set at 400 shares, requiring a minimum investment of 1,04,000 from retail investors.
Unified Data-Tech Solutions Clarified in its Herring Prospectus (rhp) that it will not receive any proceeds from the ongoing public offer. The company stated that all proceeds from the offer will go to the promoter seling sharehlder, after deducting offer-Related expenses and applicable taxes, which will be borne by the sharehole. As a result, unified data-tech will not benefit directly from the funds raised through the ipo.
Hem Securities Limited Has Been Appointed as the Book-Running Lead Manager for the Unified Data-Tech IPO. KFIN Technologies Limited is Handling The Registrar Responsibilites for the Public Issue. Meanwhile, Hem Finlease Private Limited will serve as the market maker for the IPO.
About the company
Unified Data-Tech Solutions Private Limited (UDTECS), Establed in 2010, is a Mumbai-based it services company that delivers innovative and made technology songs clients.
The company specializes in a wide range of it services, include data center solutions, virtualization, cybersecurity, and networking. Its Clientele Spans Critical Sector Such as Banking, Financial Services, and Information Technology. Udtechs focuses on Providing Secure, High-Performance, and Cost-Effective Technology Infrastructure and Ongoing Support to Meet the Unique Needs of Each client.
Udtechs also projects and supplies products and services related to data centers, secure application delivery, and cybersecurity. It operates as an authorized partner for Various Equipment Manufacturers (OEMS), Offering a Suite of It Products, Maintenance Contracts, SUBSCRIPTIONS, And Support Sarvices.
With operational branches in pune and ahmedabad, the company has a strong nationwide presence and currently serves more than 1,000 clients across India.
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