Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors

SaaS startup Unicommerce has raised INR 124.4 Cr from 14 anchor investors ahead of its IPO opening 👇

The startup said it allocated 1.15 Cr equity shares to anchor investors at INR 108 apiece. Out of the total allocation, 87.29 Lakh equity shares (75.75% of the total allocation) were allocated to eight domestic mutual funds through a total of 10 schemes.

SBI Technology Opportunities Fund, Nippon India Mutual Fund, and ICICI Prudential Technology Fund bought the highest amount of shares, 12.96 lakh each, for INR 42 Cr cumulatively. The funds received 11.25% of the anchor investor portion each.

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Credit - Inc42 Media