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Economic Times
12-06-2025
- Business
- Economic Times
Defying gravity: This smallcap stock surges 22% in just two sessions after BNP Paribas buys stake
Unified Data Tech shares today hit a fresh 52-week high of Rs 387 on the BSE, gaining 16% over Wednesday's closing price. The stock extended its last session rally, surging 22% in just two sessions, defying lackluster sentiments prevailing in the markets. ADVERTISEMENT The price action was accompanied with strong volumes with a spurt of 2.8 times on the BSE. The gains come on the back of a block deal yesterday, in which French multinational bank and financial services company BNP Paribas bought over 1 lakh shares in the company. The shares were purchased via its arm BNP Paribas Financial Markets at a price of Rs 332.68 a piece and the total deal size is Rs 3.40 crore. This smallcap counter has remained unbeaten for the past five trading sessions; the uptick has been to the tune of 36%. The company was originally incorporated as a private limited company and was later converted to a public limited company and the name was changed to Unified Data- Tech Solutions Limited. The company offers IT infrastructure services and system integration services. The promoters of the company are Harshaben Mehta, Hiren Rajendra Mehta, Rajendra Kantilal Mehta and Deepa Pinak Mehta. BNP Paribas' stake buy comes following a recent stake sale in another smallcap counter Choice International where it sold 11 lakh shares in the company via a block deal. The deal was worth Rs 78 crore. Prior to the block deal, BNP Paribas held 40,01,631 equity shares representing 2% in the company as on March 31, 2025. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12-06-2025
- Business
- Time of India
Defying gravity: This smallcap stock surges 22% in just two sessions after BNP Paribas buys stake
Unified Data Tech shares today hit a fresh 52-week high of Rs 387 on the BSE, gaining 16% over Wednesday's closing price. The stock extended its last session rally, surging 22% in just two sessions, defying lackluster sentiments prevailing in the markets. The price action was accompanied with strong volumes with a spurt of 2.8 times on the BSE. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo The gains come on the back of a block deal yesterday, in which French multinational bank and financial services company BNP Paribas bought over 1 lakh shares in the company. The shares were purchased via its arm BNP Paribas Financial Markets at a price of Rs 332.68 a piece and the total deal size is Rs 3.40 crore. This smallcap counter has remained unbeaten for the past five trading sessions; the uptick has been to the tune of 36%. The company was originally incorporated as a private limited company and was later converted to a public limited company and the name was changed to Unified Data- Tech Solutions Limited. The company offers IT infrastructure services and system integration services. The promoters of the company are Harshaben Mehta, Hiren Rajendra Mehta, Rajendra Kantilal Mehta and Deepa Pinak Mehta. Live Events BNP Paribas' stake buy comes following a recent stake sale in another smallcap counter Choice International where it sold 11 lakh shares in the company via a block deal. The deal was worth Rs 78 crore. Prior to the block deal, BNP Paribas held 40,01,631 equity shares representing 2% in the company as on March 31, 2025.
Business Standard
29-05-2025
- Business
- Business Standard
BSE SME Unified Data Tech Solutions rises on debut
Shares of Unified Data Tech Solutions settled at Rs 299.25 on the BSE, a premium of 9.62% compared with the issue price of Rs 273. The scrip was listed at Rs 285, a premium of 4.40% compared with the initial public offer (IPO) price. The stock ended at its upper limit of 5% over its listing price. The counter hit a high of Rs 299.25 and a low of Rs 272.50. About 23.94 lakh shares of the company changed hands at the counter. Unified Data Tech Solutions' IPO was subscribed 84.92 times. The issue opened for bidding on 22 May 2025 and it closed on 26 May 2025. The price band of the IPO was fixed between Rs 260 to 273 per share. The issue consists entirely of an offer for sale (OFS) of 52,92,000 equity shares, aggregating to Rs 144.47 crore. The promoters, Hiren Rajendra Mehta, Rajendra Kantilal Mehta, and Harshaben Mehta, are selling shareholders in the OFS. The promoter and promoter groups shareholding will decline from 86.73% pre-IPO to 60.39% post-IPO. Ahead of the Unified Data Tech Solutions IPO on 21 May 2025, raised Rs 41.13 crore from anchor investors. The board has allotted 15.06 lakh shares at Rs 273 per share to 18 anchor investors. Unified Data Tech Solutions provides comprehensive IT solutions, including servers, storage solutions, networking equipment, IDPS, and various others. In addition to these products and services, it offers a wide range of services, including Technology Advisory, System Integration, and more. The company's services cater to a wide range of industries, such as BFSI, manufacturing, pharmaceuticals, IT, and IT-enabled services. It collaborates closely with clients to develop, implement, and manage cost-effective, secure, and high-performance IT solutions that meet their unique requirements, providing ongoing support to optimize their systems. As on 31 March 2025, the company had 38 employees at various levels of the organization. The company recorded revenue from operations of Rs 194.58 crore and net profit of Rs 31.68 crore for the period as of 28 February 2025.
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Business Standard
29-05-2025
- Business
- Business Standard
Unified Data-Tech shares make positive D-Street debut, list at 4% premium
Unified Data-Tech Solutions listing today: Shares of Unified Data Tech Solutions made a positive debut on Dalal Street on Thursday, May 29, 2025. The company's shares listed at ₹285 on the BSE SME platform, reflecting a premium of 4.4 per cent over the issue price of ₹273. 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.
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Business Standard
27-05-2025
- Business
- Business Standard
Unified Data-Tech IPO allotment today; check status, GMP, listing date
Unified Data-Tech IPO allotment status: The basis of allotment of shares for Unified Data-Tech Solutions is expected to be finalised today, Tuesday, May 27, 2025. The initial public offering (IPO) of Unified Data-Tech, which closed its three-day subscription window on Monday, May 26, received a favorable response from investors, with the offering being oversubscribed by nearly 84.92 times, according to data available on the BSE. The highest demand for the SME offering came from Non-institutional investors (NIIs), who oversubscribed the category reserved for them by 157.05 times. This was followed by Qualified institutional buyers (QIBs) at 83.88 times, and retail investors at 43.62 times. Here's how to check the Unified Data-Tech IPO allotment status online Once the allotment is finalised, investors can check their status on the official websites of the BSE and Kfin Technologies, the registrar for the IPO. Alternatively, investors can also follow these direct links to check the Unified Data-Tech IPO allotment status online: Unified Data-Tech IPO details The SME offering, valued at around ₹144.47 crore, comprises an entirely offer-for-sale (OFS), with promoter Hiren Rajendra Mehta divesting up to 52,92,000 equity shares. The public issue was open for subscription from Thursday, May 22, 2025, to Monday, May 26, 2025. It was available at ₹270–273 per share, with a lot size of 400 shares. Kfin Technologies serves as the registrar, while Hem Securities acts as the sole book-running lead manager for the offering. Unified Data-Tech 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). Unified Data-Tech IPO grey market premium (GMP), listing estimate The unlisted shares of Unified Data-Tech were trading at around ₹353 apiece, reflecting a grey market premium (GMP) of ₹80 or 29.30 per cent over the upper end of the issue price of ₹273 apiece, according to sources tracking unofficial market activities. Shares of Unified Data-Tech are expected to debut on the BSE SME platform tentatively on Thursday, May 29, 2025. The current GMP trend indicates a positive listing of the company's shares. Should the current GMP sustain, investors can expect the company's shares to list at around a 29 per cent premium on the exchange. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Unified Data-Tech Solutions Incorporated in 2010, Unified Data-Tech Solutions is a technology company specialising in system integration, providing comprehensive IT solutions, including data centre infrastructure, virtualisation, data protection, networking, cybersecurity, secure application delivery, etc. Unified Data-Tech's services cater to a wide range of industries, such as Banking, Finance, Insurance, Manufacturing, Pharmaceuticals, IT, and IT-enabled services.
