Unified Data-Tech IPO GMP Drops Ahead Of Allotment; Issue Booked 91 Times On Final Day

Unified Data-Tech Solutions Limited, which launched its initial public on Thursday closed for subscription today. The SME IPO was booked over 90 times on Monday. The demand for the issue was led by non-institutional investors who bid for 16,01,72,400 shares against the 7,54,000 shares on offer.

The company is aiming to raise over Rs 140 crore from the primary market.

Unified Data-Tech Solutions IPO is the second biggest SME IPO of the year after the public offer of CapitalNumbers Infotech, a 169.37-crore SME issue that was launched in January.

Here's all you need to know about the Unified Data-Tech Solutions SME IPO including latest grey market premium (GMP), allotment and listing dates.

The Unified Data-Tech Solutions IPO is a book-building issue worth Rs 144.47 crore. It comprises entirely an offer-for-sale (OFS) of 52.92 lakh shares by promoter Hiren Rajendra Mehta.

The price band for the IPO was set between Rs 260 to Rs 273 per share.

Of the 50,24,400 shares on offer:

• 10,04,800 (20.00%) are allocated to Qualified institutions

• 4,86,400 (9.68%) are allocated to Non-institutional investors

• 17,58,800 (35.01%) are allocated to Retail investors

• 15,06,800 (29.99%) are allocated to Anchor investors.

Retail investors could invest in the IPO with a minimum lot size of 400 shares, aggregating to at least Rs 1,09,200.

Hem Securities Ltd. is the book-running lead manager of the Unified Data-Tech IPO. Kfin Technologies Ltd. is the registrar, and Hem Finlease Pvt. is the market maker for the IPO.

Hiren Rajendra Mehta, Rajendra Kantilal Mehta and Harshaben Mehta are the promoters of the company, which raised Rs 41.14 crore from anchor investors before the issue opened for subscription.

The IPO was subscribed 91.12 times as of 5:29 pm on Monday.

• Qualified Institutions: 83.22 times

• Non-Institutional Buyers: 212.43 times

• Retail Investors: 43.62 times

According to InvestorGain, the latest grey market premium for the Unified Data-Tech Solutions IPO was Rs 80 at 5:02 p.m. on Monday. This indicates that the shares of the company are trading at Rs 353 apiece in the unlisted grey market. If the GMP is sustained, then investors can expect a 29.30% gain over the upper end of the price band when the issue lists on markets this week.

It should be noted that GMP or grey market price is not an official price quote for the stock and is based on speculation.

Unified Data-Tech Solutions is an IT services provider. It provides services for networking and security, data centre infrastructure, and hybrid cloud solutions. It was established in 2010 and has served over 1,000 clients. 

The company reported a 141.54% year-on-year (YoY) rise in profit after tax (PAT) to Rs 25.12 crore in FY24 from Rs 10.4 crore in FY23. Revenue from operations increased 135.66% YoY to Rs 260.38 crore in FY24 from Rs 110.49 crore in FY23. For the 11 months ending on Feb. 28, 2025, it reported a PAT of Rs 31.68 crore and revenue from operations of Rs 194.59 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.