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The proposed float comprises of an offer for sale aggregating up to 2,98,40,486 equity shares by the selling shareholder
Unicommerce shareholders AceVector Group, B2 Capital and SoftBank are together offering 29.8 million shares for sale in the IPO, as per the draft red herring prospectus (DRHP). The company, which is profitable, is not raising any fresh capital through the IPO.
Resurgence in travel and emergence of D2C brands have been driving growth in the segment, Unicommerce found