Unified Data-Tech Solutions IPO Booked Over 5 Times On Day 2; Check GMP And Other Key Details
The latest GMP of the Unified Data-Tech Solutions IPO was Rs 110 on May 23, implying that the unlisted shares were trading at a 40.29% premium in the grey market.
Unified Data-Tech Solutions Limited which launched its initial public on Thursday, was booked over 5.77 times on Friday. The demand for the SME issue was led by retail and non-institutional investors who subscribed the issue 7.36 and 6.94 times respectively.
The company aims to raise over Rs 140 crore from the primary market.
Unified Data-Tech Solutions IPO is the 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 IPO, including the price band, offer size details, latest grey market premium, day 2 subscription status, and a lot more.
Unified Data-Tech Solutions IPO: All You Need To Know
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 is 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 and 15,06,800 (29.99%) are allocated to Anchor investors.
Retail investors can 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.
Unified Data-Tech Solutions IPO: Day 2 Subscription Status
The IPO was subscribed 5.77 times on Friday.
Qualified Institutions: 2.43 times
Non-Institutional Buyers: 6.94 times
Retail Investors: 7.36 times
The subscription status will be updated at regular intervals.
Unified Data-Tech Solutions IPO GMP Today
The latest grey market premium of the Unified Data-Tech Solutions IPO was Rs 110 as of 5:35 PM on Friday, according to InvestorGain. This implies that the shares of the company will likely list at Rs 383 apiece, indicating a 40.29% premium to the upper end of the price band.
It should be noted that GMP or grey market price is not an official price quote for the stock and is based on speculation.
About Unified Data-Tech Solutions
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.
