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Business Standard
5 days ago
- 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
5 days ago
- 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.
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Business Standard
26-05-2025
- Business
- Business Standard
Unified Data-Tech IPO closes today; check subscription, GMP, listing date
Unified Data-Tech IPO Day 3 update, subscription status: The three-day subscription window to bid for the initial public offering (IPO) of Unified Data-Tech is set to close today, May 26, 2025. The public offering, which opened for subscription on Thursday, May 22, has received a decent response from investors so far. The NSE data suggests that the ₹144.47 crore offering of Unified Data-Tech received bids for 1,90,29,200 shares, against 37,85,200 shares on offer, resulting in an oversubscription of 5.03 times at the end of the second day of subscriptions. Among the individual categories, retail investors led the demand by oversubscribing the category reserved for them by 6.36 times. This was followed by Non-institutional investors (NIIs), who bid for 3.57 times, and Qualified institutional buyers (QIBs) for 2.43 times. Unified Data-Tech IPO details Unified Data-Tech IPO comprises an entirely offer for sale (OFS), with promoters Hiren Rajendra Mehta divesting up to 52,92,000 equity shares. The public offering is available at a price band of ₹260-273 per share, with a lot size of 400 shares. Taking the upper end of the IPO price into consideration, a retail investor would require a minimum of ₹1,09,200 to bid for one lot or 400 shares of Unified Data-Tech IPO. Unified Data-Tech IPO grey market premium (GMP) The unlisted shares of Unified Data-Tech were commanding a solid premium in grey markets on Monday. Sources tracking grey market activities revealed that the company's unlisted shares were trading at around ₹383 per share, reflecting a grey market premium (GMP) of ₹110 per share or 40.29 per cent over the upper end of the IPO price. Unified Data-Tech IPO timeline As the subscription window closes today, the basis of allotment is likely to get finalised on Tuesday, May 27, 2025, with shares getting credited into demat accounts on Wednesday, May 28, 2025. Shares of Unified Data-Tech are expected to list on the BSE SME tentatively on Thursday, May 29, 2025. Unified Data-Tech IPO registrar, lead manager Kfin Technologies serves as the registrar for the Unified Data-Tech IPO, while Hem Securities is the sole book-running lead manager. Unified Data-Tech IPO objective 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). About Unified Data-Tech Incorporated in 2010, Unified Data-Tech is a technology company specialising in system integration, providing comprehensive IT solutions, including data centre infrastructure, virtualization, 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. Unified Data-Tech 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 optimise their systems.
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Business Standard
22-05-2025
- Business
- Business Standard
Unified Data-Tech IPO opens; check price band, lot size, GMP, key dates
Unified Data-Tech IPO: The initial public offering (IPO) of Unified Data-Tech Solutions opens for public subscription today. At the upper end, the company seeks to raise ₹144.47 crore from the public offering. Unified Data-Tech Solutions has announced that it has already raised ₹41.14 crore from anchor investors in the bidding concluded on Wednesday, May 21, 2025. As the investors await the opening of the public subscription window, here are the key details of Unified Data-Tech Solutions IPO: Unified Data-Tech IPO structure Unified Data-Tech IPO comprises an entirely offer-for-sale (OFS), with promoter Hiren Rajendra Mehta offloading up to 5.3 million equity shares. The company has reserved not more than 50 per cent of the net offer for the Qualified Institutional Buyers (QIBs), not less than 35 per cent of the net offer for the retail investors, and not less than 15 per cent of the net offer for Non-Institutional Investors (NIIs). Unified Data-Tech IPO price band, lot size The public offering of Unified Data-Tech is available at a price band of ₹260–273 per share and a lot size of 400 shares. Thus, investors can bid for a minimum of 400 shares and in multiples thereof. A retail investor would require a minimum of ₹1,09,200 to bid for one lot of 400 shares of Unified Data-Tech IPO. Unified Data-Tech IPO grey market premium (GMP) The unlisted shares of Unified Data-Tech were commanding a solid premium in grey markets on Thursday. Sources tracking grey market activities revealed that the company's unlisted shares were quoted trading at around ₹401 per share, reflecting a grey market premium (GMP) of ₹128 per share or 46.89 per cent over the upper end of the IPO price. Unified Data-Tech IPO timeline The public offering will remain available for subscription till Monday, May 26, 2025. Following that, the basis of allotment will be finalised tentatively on Tuesday, May 27, 2025, with shares getting credited into demat accounts on Wednesday, May 28, 2025. Shares of Unified Data-Tech are scheduled to list on the BSE SME tentatively on Thursday, May 29, 2025. Unified Data-Tech IPO registrar, lead manager Kfin Technologies is the registrar for the Unified Data-Tech IPO, while Hem Securities is the sole book-running lead manager. Unified Data-Tech IPO objective Unified Data-Tech 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 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). About Unified Data-Tech Solutions Incorporated in 2010, Unified Data-Tech Solutions is a technology company specialising in system integration. The company provides comprehensive IT solutions, including data centre infrastructure, virtualization, data protection, networking, cybersecurity, secure application delivery, etc. Its services cater to a wide range of industries, such as Banking, Finance, Insurance, Manufacturing, Pharmaceuticals, IT, and IT-enabled services. The company 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. Unified Data-Tech Solutions' products and services portfolio comprises servers, storage solutions, networking equipment, firewall and VPN solutions, intrusion detection and prevention systems, endpoint security solutions, network segmentation and access controls, application firewalls, load balancing, application monitoring and performance optimization, secure access solutions, backup and restore solutions, disaster recovery planning, high availability solutions, server virtualization, desktop virtualization, private cloud deployment, management tools, hybrid cloud design and implementation, and cloud management platforms.
