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IPO-bound Unicommerce is expanding its overseas operations by adding more clients, offering a diverse product portfolio, and being the only profitable company among top players. Acevector, SB Investment Holdings, and B2 Capital Partners will pare their holdings in the IPO.
Snapdeal, B2 Capital Partners and SB Investment Holdings are the entities that will participate in the offer for sale
The issue is entirely an offer for sale (OFS) aggregating up to 2.98 crore equity shares by the selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi.
The firm has started the book-building process and capital markets and investment firm CLSA has been roped in as one of the managers for the initial public offering (IPO), they added.