Unified Data-Tech IPO set for debut today: Strong demand, solid GMP signal upbeat listing
Unified Data-Tech Solutions is all set to list on the BSE SME platform on Thursday following a strong response to its Rs 144.47 crore IPO. The public issue, which was open from May 22 to May 26, was subscribed an impressive 91.12 times overall.
The IPO was entirely an offer for sale of 52.92 lakh shares, priced at Rs 273 per share. While the qualified institutional buyers subscribed 83.22 times, the HNI portion saw a phenomenal subscription of 212.43 times. Even the retail segment recorded a solid 43.62 times oversubscription, confirming wide-based interest in the Mumbai-based IT service provider.
Ahead of the listing, market sentiment remains optimistic. Shares of Unified Data-Tech are commanding a
grey market premium
(GMP) of Rs 58, suggesting a potential listing price of Rs 331. That translates into an expected listing gain of over 21.25%.
The allotment was finalised on May 27, and shares were credited to demat accounts on May 28. Refunds for unallotted applicants have also been processed.
Unified Data-Tech is an IT system integrator that offers customized technology solutions including data center infrastructure, cybersecurity, virtualization, and networking. It serves a diverse client base in BFSI, IT, and other sectors, and has developed a reputation for providing high-performance and cost-efficient solutions across India.
The company reported healthy growth in financials, with PAT rising from Rs 10.4 crore in FY23 to Rs 31.68 crore in the eleven months of FY25. It maintains a debt-free balance sheet, and its return on equity stood at a robust 48.81%, while return on capital employed touched 52.55%.
The IPO was entirely an offer for sale and did not raise fresh capital for the business.
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