Unified Data-Tech IPO Opens for Subscription: Key Details and Potential Gains You Must Know!
**Unified Data-Tech Solutions Limited IPO: Everything You Need to Know**
The Indian market is buzzing with excitement as the Unified Data-Tech Solutions Limited IPO prepares to open for subscription from May 22 to May 25, 2023. This SME IPO is generating considerable interest from investors, with shares expected to list on the BSE SME platform on May 29.
### All Shares Offered for Sale
This IPO is a book-building issue worth ₹114.47 crores, comprising 5.292 million shares available for sale. The price band for the Unified Data-Tech IPO has been set between ₹260 and ₹273 per share. Investors interested in participating will need to consider a minimum lot size of 400 shares, which means the minimum investment for retail investors will be ₹1,04,000, depending on the final pricing.
### A Customized and Innovative Technology Solutions Provider
Founded in 2010, Unified Data-Tech Solutions Private Limited (UDTechs) is based in Mumbai and specializes in delivering customized and innovative technology solutions. As an IT service provider, the company offers a range of services including data center management, virtualization, cybersecurity, and networking solutions.
UDTechs primarily caters to the banking, finance, and IT sectors, aiming to deliver secure, cost-effective, and high-performance technology services. The company provides various services related to data centers, virtualization, cybersecurity, and secure application delivery. Additionally, UDTechs is an authorized partner of several major OEMs (Original Equipment Manufacturers), offering IT products, maintenance services, and subscriptions.
Notably, UDTechs has expanded its presence beyond Mumbai, with branches in Pune and Ahmedabad, and now serves over 1,000 clients across India.
### Financial Performance Overview
When it comes to evaluating the financial performance of UDTechs, the numbers speak volumes. Here’s a quick summary:
– **FY23 Revenue**: ₹112.81 crores
– **FY24 Revenue**: ₹266.80 crores
– **Profit After Tax FY23**: ₹10.40 crores
– **Profit After Tax FY24**: ₹25.13 crores
– **Projected Revenue for FY25 (up to February 28)**: ₹203.66 crores
– **Projected Profit for FY25**: ₹31.68 crores
These figures indicate robust growth and a strong financial trajectory, making the company an attractive option for investors.
### Strong Hints of Potential in the Grey Market
According to market analysts, the grey market has witnessed a surge in interest for the Unified Data-Tech IPO, boasting a GMP (Grey Market Premium) of ₹175. This figure represents a 64.1% premium over the upper range of the IPO price, which might excite potential investors looking for substantial returns.
Hem Securities Limited serves as the book-running lead manager for this IPO, while Kfin Technologies Limited acts as the registrar. The market maker for this issue is Hem Fintech Private Limited. The promoters of UDTechs include Hiren Rajendra Mehta, Rajendra Kantilal Mehta, and Harsh Ben Mehta.
### Conclusion
The Unified Data-Tech Solutions Limited IPO presents a unique opportunity for investors looking to tap into the growing tech service sector in India. With promising financials, a reputable presence across major Indian cities, and robust pre-IPO interest, this offering could be a valuable addition to any investment portfolio.
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