More

    Unified Data-Tech IPO opens for subscription: Check GMP, price band and others



    [

    Unified Data-Tech Solutions, a Mumbai-based IT services company, opened its initial public offering (IPO) for subscription on May 22. The Rs 144.47 crore issue is entirely an offer for sale (OFS) of 52.92 lakh equity shares by existing shareholders. The IPO will remain open until May 26 and the shares are proposed to be listed on the BSE SME platform.

    The company has set a price band of Rs 260 to Rs 273 per share. Investors can bid for a minimum of 400 shares in one lot, requiring an investment of Rs 1,09,200 at the upper end of the price band.

    Unified Data-Tech IPO GMP

    Unified Data-Tech SME IPO’s latest grey market premium (GMP) is Rs 58, as of May 21, 2025, 6:54 PM. Based on the upper price band of Rs 273, the stock is expected to list at around ₹331. This means investors could see a potential gain of 21.25% per share on listing day.Hem Securities is the sole book-running lead manager to the issue, while KFin Technologies has been appointed as the registrar.

    Unified Data-Tech IPO details

    Founded in 2010, Unified Data-Tech Solutions is a tech-enabled system integrator offering data center, cybersecurity, cloud computing, and IT infrastructure solutions. The company works with large corporations across banking, finance, and IT sectors, helping them set up secure, high-performance digital systems.The company has a client base of over 1,000 businesses and has expanded its presence with offices in Pune and Ahmedabad. Its services range from system integration and architecture consulting to technical support for digital transformation projects.For the eleven months ended February 28, 2025, the company reported revenue of Rs 203.66 crore and a net profit of Rs 31.68 crore. The company has remained debt-free and has consistently grown its revenue and profitability over the past three years.

    The basis of allotment will be finalized on May 27, while listing is expected to take place on May 29.

    (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

    https://img.etimg.com/thumb/msid-121327760,width-1200,height-630,imgsize-164301,overlay-etmarkets/articleshow.jpg
    https://economictimes.indiatimes.com/markets/ipos/fpos/unified-data-tech-ipo-opens-today-check-subscription-gmp-price-band-and-others/articleshow/121327761.cms

    Latest articles

    spot_imgspot_img

    Related articles

    Leave a reply

    Please enter your comment!
    Please enter your name here

    spot_imgspot_img