Latest news with #UnifiedData-Tech
Mint
2 days ago
- Business
- Mint
Unified Data-Tech Solutions shares list at ₹285 on BSE SME, up just 4.4% from IPO price
Unified Data-Tech Solutions IPO listing: Shares of Unified Data-Tech Solutions IPO made a decent debut on the bourses on Thursday, May 29, as they listed at ₹ 285 on BSE SME, a premium of 4.4 percent over the issue price of ₹ 273. The SME IPO, valued at ₹ 144.47 crore, was open for subscription from May 22 to May 26. The IPO concluded on an strong note, receiving bids amounting to 91.12 times the shares on offer over the three-day bidding period. A total of 32.05 crore shares were bid for, compared to the 35.17 lakh shares available. The retail investor portion was subscribed 43.62 times, while the non-institutional investor (NII) category saw a subscription of 212.43 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 83.22 times. Unified Data-Tech Solutions IPO was a completely offer-for-sale of 52.92 shares, with no fresh issue component. The minimum application size was set at 400 shares, requiring a minimum investment of ₹ 1,04,000 from retail investors. Unified Data-Tech Solutions clarified in its Red Herring Prospectus (RHP) that it will not receive any proceeds from the ongoing public offer. The company stated that all proceeds from the offer will go to the Promoter Selling Shareholder, after deducting offer-related expenses and applicable taxes, which will be borne by the shareholder. As a result, Unified Data-Tech will not benefit directly from the funds raised through the IPO. Hem Securities Limited has been appointed as the book-running lead manager for the Unified Data-Tech IPO. Kfin Technologies Limited is handling the registrar responsibilities for the public issue. Meanwhile, Hem Finlease Private Limited will serve as the market maker for the IPO. Unified Data-Tech Solutions Private Limited (UDTechs), established in 2010, is a Mumbai-based IT services company that delivers innovative and tailor-made technology solutions to its clients. The company specializes in a wide range of IT services, including data center solutions, virtualization, cybersecurity, and networking. Its clientele spans critical sectors such as banking, financial services, and information technology. UDTechs focuses on providing secure, high-performance, and cost-effective technology infrastructure and ongoing support to meet the unique needs of each client. UDTechs also procures and supplies products and services related to data centers, secure application delivery, and cybersecurity. It operates as an authorized partner for various original equipment manufacturers (OEMs), offering a suite of IT products, maintenance contracts, subscriptions, and support services. With operational branches in Pune and Ahmedabad, the company has built a strong nationwide presence and currently serves more than 1,000 clients across India.
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Business Standard
2 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.
Mint
3 days ago
- Business
- Mint
Unified Data-Tech Solutions shares list at ₹285 on BSE SME, up just 4.4% from IPO price
Unified Data-Tech Solutions IPO listing: Shares of Unified Data-Tech Solutions IPO made a decent debut on the bourses on Thursday, May 29, as they listed at ₹ 285 on BSE SME, a premium of 4.4 percent over the issue price of ₹ 273. The SME IPO, valued at ₹ 144.47 crore, was open for subscription from May 22 to May 26. The IPO concluded on an strong note, receiving bids amounting to 91.12 times the shares on offer over the three-day bidding period. A total of 32.05 crore shares were bid for, compared to the 35.17 lakh shares available. The retail investor portion was subscribed 43.62 times, while the non-institutional investor (NII) category saw a subscription of 212.43 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 83.22 times. Unified Data-Tech Solutions IPO was a completely offer-for-sale of 52.92 shares, with no fresh issue component. The minimum application size was set at 400 shares, requiring a minimum investment of ₹ 1,04,000 from retail investors. Unified Data-Tech Solutions clarified in its Red Herring Prospectus (RHP) that it will not receive any proceeds from the ongoing public offer. The company stated that all proceeds from the offer will go to the Promoter Selling Shareholder, after deducting offer-related expenses and applicable taxes, which will be borne by the shareholder. As a result, Unified Data-Tech will not benefit directly from the funds raised through the IPO. Hem Securities Limited has been appointed as the book-running lead manager for the Unified Data-Tech IPO. Kfin Technologies Limited is handling the registrar responsibilities for the public issue. Meanwhile, Hem Finlease Private Limited will serve as the market maker for the IPO. Unified Data-Tech Solutions Private Limited (UDTechs), established in 2010, is a Mumbai-based IT services company that delivers innovative and tailor-made technology solutions to its clients. The company specializes in a wide range of IT services, including data center solutions, virtualization, cybersecurity, and networking. Its clientele spans critical sectors such as banking, financial services, and information technology. UDTechs focuses on providing secure, high-performance, and cost-effective technology infrastructure and ongoing support to meet the unique needs of each client. UDTechs also procures and supplies products and services related to data centers, secure application delivery, and cybersecurity. It operates as an authorized partner for various original equipment manufacturers (OEMs), offering a suite of IT products, maintenance contracts, subscriptions, and support services. With operational branches in Pune and Ahmedabad, the company has built a strong nationwide presence and currently serves more than 1,000 clients across India. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
3 days ago
- Business
- Economic Times
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. ADVERTISEMENT 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 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 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%. ADVERTISEMENT The IPO was entirely an offer for sale and did not raise fresh capital for the business. (Disclaimer: Recommendations, suggestions, views, and opinions given by 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
3 days ago
- Business
- Time of India
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. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
