&w=3840&q=100)
Unified Data-Tech shares make positive D-Street debut, list at 4% premium
However, the listing price of Unified Data-Tech Solutions was significantly below grey market estimates. Ahead of the listing, unlisted shares of Unified Data-Tech were trading at ₹325, commanding a grey market premium (GMP) of ₹52 or 19 per cent apiece, according to sources tracking unofficial markets.
Unified Data-Tech Solutions IPO details
The ₹144.47-crore SME IPO was an entire offer for sale (OFS) of 5.29 million equity shares. The company set the IPO price band in the range of ₹270 to ₹273. The public issue opened for subscription on Thursday, May 22, 2025, and closed on Monday, May 26, 2025.
KFin Technologies is the registrar of the issue. Hem Securities is the sole book-running lead manager for the issue.
According to the Red Herring Prospectus (RHP), the company will not receive any proceeds from the public issue. "Our Company will not receive any proceeds from the Offer (the Offer Proceeds), and all the Offer Proceeds will be received by the Promoter Selling Shareholder after the deduction of offer-related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder," the company said in its Red Herring Prospectus (RHP).
Incorporated in 2010, Unified Data-Tech Solutions is a technology company specialising in system integration. It provides comprehensive IT solutions including data centre infrastructure, virtualisation, data protection, networking, cybersecurity, and secure application delivery. The company caters to a wide range of industries such as banking, finance, insurance, manufacturing, pharmaceuticals, IT and IT-enabled services. The company is managed by promoters Hiren Rajendra Mehta and Rajendra Kantilal Mehta.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
5 hours ago
- Economic Times
Inox Wind sells Rs 175 cr stake in EPC subsidiary at ₹7,400 cr valuation
Wind energy solutions provider, Inox Wind (IWL), on Tuesday said it has sold a stake worth ₹175 crore in its EPC subsidiary, Inox Renewable Solutions (formerly Resco Global Wind Services), to investors at a valuation of ₹7,400 crore. The company did not disclose who these investors are. This latest development comes after the National Company Law Tribunal approved the merger of Inox Wind Energy (IWEL) into IWL on June 10, 2025, strengthening the company's balance sheet by reducing liabilities by about ₹2,050 crore. Last September, Inox Renewable Solutions had approved a ₹350 crore equity raise from investors for a single-digit stake. Inox Renewable Solutions offers end-to-end services for wind projects right from the conceptualisation stage up to project commissioning, as well as the construction of transmission infrastructure to evacuate power from such projects, offering turnkey solutions to developers on a plug-and-play basis. It provides services across India with a strong presence in Western India. It is developing common infrastructure on the multi-gigawatt scale at sites across the country, to be utilised for future renewable projects. Inox Wind's scrip ended at ₹144.40 up 3.18% on the BSE, Tuesday.
Time of India
6 hours ago
- Time of India
Expansion plans & easing asset woes to lift CreditAccess
ET Intelligence Group: The stock of CreditAccess Grameen has gained nearly 12% over the past eight trading sessions after the country's largest microfinance lender announced the appointment of Ganesh Narayanan as the new managing director and CEO on August 6 after RBI's approval. The sector indices have gained over 1% during the period. The company has undertaken accelerated write-offs to clean up the loan book , which has resulted in higher credit costs. The situation is expected to normalise from the December quarter. Given the company's plan to open 200 branches in the current fiscal year and receding pressure on asset quality , the credit growth is expected to be higher in the second half of the current fiscal year. Dwindling credit quality in the microfinance segment over the past few quarters has affected the performance of CreditAccess. For its overall portfolio, 90-day PAR (portfolio at risk ratio) shot up to 3.3% from 1.1% in the year-ago quarter. The company has suffered a greater asset quality stress in Karnataka, which accounts for nearly one-third of its loan book. The PAR ratio for Karnataka in the 90 days and above category increased to 5.1% in the June quarter from 2.4% in the previous quarter. Live Events According to the company management, Karnataka has started showing stabilisation in PAR in the current quarter. In addition, the implementation of stricter norms for loan disbursement has reduced the proportion of highly leveraged borrowers (which have borrowed from three or more lenders) to 11.4% in June from 25.3% last August. The credit cost increased to ₹571.9 crore in the June quarter from ₹420.1 crore in the September 2024 quarter. This was largely due to accelerated write-offs as the proportion of new PAR accretion in the credit cost fell to 61% from 90% during the period. This raises hope that credit costs may ease in the second half of the current fiscal year. Apart from asset cleanup, the company has also increased focus on retail financing, which is likely to form 12-15% of the loan book by FY28. The segment contributed 7% to the gross loans in the June quarter compared with 3% in the year-ago quarter. Axis Securities expects annual growth in loan book and net profit at 18% and over 50% between FY25 and FY28. It has raised target price to ₹1,485 from earlier ₹1,350, implying FY27 expected price-book multiple of 2.5. Stock was last traded at ₹1,351 on Tuesday on the BSE.
Economic Times
7 hours ago
- Economic Times
Bluestone shares rise 7% after muted debut on stock exchanges
Company Images Omnichannel jewellery retailer Bluestone saw its shares rally to rise 7.3% to Rs 546 on the BSE on Tuesday following a muted debut on Indian stock exchanges. Shares had opened at a 1.5% discount to the IPO price of Rs 517 on the BSE, while the NSE opening price was Rs 510. The company's market capitalisation at the end of the day stood at Rs 8,262.09 crore. Early investors in Bluestone posted substantial gains following the market debut. Accel India saw an 8.1 times investment multiple at IPO price of Rs 517, while Saama Capital's investment jumped 10.6 times, and Kalaari Capital's investment rose 8.4 times. Promoter and CEO Gaurav Singh Kushwaha's stake multiplied 11.3 times. At Tuesday's closing price, Kushwaha's shares, which were worth Rs 117.2 crore before the IPO, surged to Rs 1,335.7 crore. 'When we started, the general disbelief people said was that how can anyone buy jewellery online? Jewellery requires a lot of trust and why would people buy from Bluestone? This is never going to work out. But we thought to ourselves, why does it have to be like that? Why can't jewellery be reimagined, why can't trust be built digitally and deepened physically,' Kushwaha said during his speech at the listing Rs 1540 crore public issue, comprising a fresh issue of Rs 820 crore and the remainder through an offer for sale by existing investors drew strong interest from institutional investors, while retail participation remained moderate. The non-institutional portion was subscribed just 55%, bringing overall subscription to 2.7 revenue growth, Bluestone's losses widened in FY25, driven by faster expense growth due to offline expansion and higher advertising spends. The company reported a net loss of Rs 222 crore in FY25, up from Rs 142 crore in FY24, while operating revenue rose 40% to Rs 1,770 crore. Expenses increased 42% to Rs 2,050 crore from Rs 1,445.7 crore in the previous had initially planned a Rs 1,000 crore fresh issue but later reduced it to Rs 820 crore. The offer for sale was also trimmed to 13.9 million shares from the original 24 million. Selling shareholders included Accel India, Kalaari Capital, Saama Capital, Iron Pillar Fund, and Hero Group's Sunil Kant Munjal. IvyCap Ventures, which had earlier planned to sell 3.1 million shares, did not the Rs 820 crore fresh issue, Rs 750 crore has been earmarked for working capital requirements, with the remainder allocated to general corporate purposes.'In the mid-2010s, India lacked true mid-stage capital for vertical commerce. BlueStone stayed frugal and focused, steadily broadening its catalogue, deepening manufacturing capabilities, and sharpening unit economics. The company moved through challenges with consistency, learning and building in every cycle. That discipline made today possible,' Prashanth Prakash, partner, Accel wrote in a blog post on Tuesday. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Hacking, ransom, lawsuits: Why social engineering is TCS, Cognizant's latest headache Govt easing policies to boost growth; when will industry play ball? Can new shipping laws bury the ghost of British legacy? How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming Stock Radar: M&M hits fresh record high in August 2025; time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus F&O Radar | Deploy Bull Call Spread in Nifty to play index reversal Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 20% in 1 year
