About Unified Data-Tech Solutions IPO
Unified Data-Tech Solutions IPO Details
Unified Data-Tech Solutions IPO is a 100% book-built issue of ₹144.47 crore, entirely an offer for sale (OFS) of 0.53 crore shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 10, 2024.
The price band of the issue is set between ₹260 and ₹273 per share and the lot size for an application is 400 shares. The minimum amount of investment required by an individual investor is ₹2,18,400 (800 shares). The IPO will be open for subscription from May 22 to 26, 2025, on the BSE SME platform, with a tentative listing date fixed as May 29, 2025.
Hem Securities Limited is the Book Running Lead Manager and KFin Technologies Limited is the registrar to the issue.
Unified Data-Tech Solutions IPO Date & Timeline
The Unified Data-Tech Solutions IPO is officially set to open for subscription on May 22, 2025 and will close on May 26, 2025. The company initially filed its Draft Red Herring Prospectus (DRHP) on December 10, 2024 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on May 27, 2025. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on May 28, 2025. Finally, shares of Unified Data-Tech Solutions Ltd. are tentatively scheduled to list on the stock exchanges on May 29, 2025.
Unified Data-Tech Solutions IPO Timeline
| IPO Open Date | Thu, May 22, 2025 |
| IPO Close Date | Mon, May 26, 2025 |
| Basis of Allotment | Tue, May 27, 2025 |
| Initiation of Refunds | Wed, May 28, 2025 |
| Credit of Shares to Demat | Wed, May 28, 2025 |
| Listing Date | Thu, May 29, 2025 |
Unified Data-Tech Solutions IPO Details
| Detail | Description |
|---|---|
| IPO Date | 22 to 26 May, 2025 |
| Listing Date | 29 May, 2025 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 260 to ₹ 273 |
| Lot Size | 400 Shares |
| Sale Type | OFS only |
| Total Issue Size | 52,92,000 shares (agg. up to ₹ 144 Cr) |
| Reserved for Market Maker | 2,67,600 shares (agg. up to ₹ 7 Cr) Hem Finlease Pvt.Ltd. |
| Offer for Sale | 50,24,400 shares of ₹10 (agg. up to ₹ 137 Cr) |
| Net Offered to Public | 50,24,400 shares (agg. up to ₹ 137 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,00,90,100 shares |
| Share Holding Post Issue | 2,00,90,100 shares |
Company Background
Unified Data-Tech Solutions was incorporated as Unified Data-Tech Solutions Private Limited on May 8, 2010 under the Companies Act, 1956. It was converted into a public limited company following a special resolution passed on October 22, 2024, and received its fresh certificate of incorporation on November 26, 2024. Its registered office is located at Chintamani Avenue, Goregaon East, Mumbai, Maharashtra.
The company operates as a technology and system-integration business. Its activities include data centre infrastructure, virtualization, data protection, networking, cybersecurity and secure application delivery. It serves industries including banking, financial services and insurance, manufacturing, pharmaceuticals, IT and IT-enabled services.
Operations & Product Range
Unified Data-Tech Solutions operates by combining IT products, technology solutions and associated services to address customers' infrastructure and technology requirements. It is an authorised partner of various original equipment manufacturers and works through authorised OEM distributors for IT products and services, including maintenance contracts and subscriptions.
Its portfolio includes servers, storage solutions, networking equipment, firewalls and VPN solutions, intrusion detection and prevention systems, endpoint security, network segmentation, application firewalls, load balancing, application monitoring, backup and restore solutions, disaster recovery, high-availability solutions, server and desktop virtualization, private cloud deployment and hybrid cloud implementation. The company also provides technology advisory, system integration, expert technical and operational management services.
Facilities & Capacity
Unified Data-Tech Solutions has its registered office in Goregaon East, Mumbai, equipped with computer systems, servers, software, communication equipment, internet connectivity, security facilities and uninterrupted power arrangements.
As of March 31, 2025, the company employed 38 people. The workforce comprised seven employees in sales and marketing, one in human resources, 14 in technical support, seven in finance and legal, and nine in administration.
The company is service-oriented rather than a conventional manufacturing business, so the Prospectus does not disclose a manufacturing capacity figure. As of March 31, 2025, its employees held more than 310 certifications or badges issued by technology companies including IBM, Veritas, Dell and Fortinet.
Brands & Market Presence
Unified Data-Tech Solutions’ market presence is instead built around technology solutions and relationships with OEMs and their authorised distribution networks. The company has developed the ability to supply and install products and services across India, with Western and Southern India accounting for the largest portions of revenue in the February 2025 period.
The company has also received several awards and recognitions, including the India 500 SME Award for Quality Excellence in 2024, MSMECII recognition as Emerging IT Company of the Year in 2024, and the Top Storage–Server Partner Award from IBM in 2023. It received ISO 9001:2015 and ISO 27001:2013 certifications.
Revenue Streams & Business Model
Unified Data-Tech Solutions’s revenue comes primarily from supplying IT products and services. Revenue from operations includes sales of products and services, including software, subscriptions and annual maintenance contracts. In FY24, product sales contributed ₹197.62 crore, while service sales contributed ₹61.88 crore. For the period ended February 28, 2025, product sales were ₹96.88 crore and service sales were ₹95.81 crore.
The revenue profile also shows significant industry and customer concentration. BFSI accounted for 79.52% of revenue in FY2024 and 71.10% in the February 2025 period. The company's top five customers contributed 62.29% of revenue in the February 2025 period and 79.40% in FY2024, while its largest customer, a BFSI institution, accounted for 32.69% and 41.29%, respectively.
Financial Performance
Unified Data-Tech Solutions reported revenue from operations of ₹110.49 crore in FY23 and ₹260.38 crore in FY24. The Prospectus states that revenue grew at a CAGR of approximately 67.05% over the three years. PAT increased from ₹9.71 crore in FY22 to ₹10.40 crore in FY23 and ₹25.13 crore in FY24.
For the period ended February 28, 2025, revenue from operations stood at ₹194.59 crore and PAT at ₹31.68 crore; these figures are not annualised. The company reported EBITDA of ₹33.17 crore for this period, compared with ₹27.87 crore in FY24.
Management & Shareholding
The promoters are Hiren Rajendra Mehta, Rajendra Kantilal Mehta and Harshaben Mehta. Collectively, they held 1,74,25,010 equity shares, representing 86.73% of pre-offer paid-up equity capital. Following the offer, promoter holding is disclosed at 60.39%, with Hiren Rajendra Mehta's holding reducing from 86.53% to 60.19%. The OFS consisted entirely of shares offered by Hiren Rajendra Mehta. He offered up to 52,92,000 shares, representing 26.34% of the pre-offer paid-up capital.
Board & Key Management
The Board comprised five directors: Hiren Rajendra Mehta as Chairman and Managing Director, Rajendra Kantilal Mehta as Whole-Time Director, Chetan Shyamsunder Mundhada as Non-Executive Director, and Annapurna Devendra Dubey and Mayank Modi as Independent Directors. The Board therefore included two independent directors and one woman director.
Hiren Rajendra Mehta has more than two decades of experience in the information technology and IT infrastructure domains, while Rajendra Kantilal Mehta has around 35 years of experience and is involved in customer relationship management and CSR activities. Key management personnel included CFO Shrawan Shrikrishna Shukla, Company Secretary and Compliance Officer Khadija Taher Raniwala, and Sales Manager Kunal Kirit Katkoria.
Unified Data-Tech Solutions IPO Financial Information
Latest Revenue
₹ 194.59 Cr
Profit After Tax
₹ 31.68 Cr
Net Worth
₹ 95.73 Cr
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves |
|---|---|---|---|---|---|
| 28 Feb 2025 | 128.71 | 194.59 | 31.68 | 95.73 | 75.64 |
| 31 Mar 2024 | 78.42 | 260.38 | 25.13 | 64.04 | 63.99 |
| 31 Mar 2023 | 64.30 | 110.49 | 10.40 | 38.92 | 38.87 |
| 31 Mar 2022 | 36.14 | 93.30 | 9.71 | 28.52 | 28.47 |
| Amount in ₹ Crore | |||||
Unified Data-Tech Solutions Key Performance Indicator
| KPI | Values(31 Mar 2024) |
|---|---|
| ROE | 48.81 % |
| ROCE | 52.55 % |
| RoNW | 39.23 % |
| PAT Margin | 9.65 % |
| EBITDA Margin | 10.70 % |
| NAV | 31.88 |
| Price to book value | 8.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.51 | 17.20 |
| P/E (x) | 21.83 | 15.87 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹273.00 |
| Open | ₹285.00 |
| Low | ₹272.50 |
| High | ₹299.25 |
| Last Trade | ₹299.25 |
Unified Data-Tech Solutions IPO Objectives
Since the issue is entirely an OFS, Unified Data-Tech Solutions does not receive IPO proceeds. Rather than the listing will help the company in following ways:
-
Enable the selling shareholder, Hiren Rajendra Mehta, to realise proceeds from the sale.
-
Achieve the benefits associated with listing the company's equity shares on the stock exchange.
Unified Data-Tech Solutions IPO Review
Unified Data-Tech Solutions Ltd. presents a technology system-integration business with exposure to data centre infrastructure, cloud, networking, cybersecurity and related IT services. Its customer base spans multiple industries, although BFSI represents a substantial portion of revenue. The company also has relationships with technology OEMs and an established delivery network across India.
Financially, the company recorded strong growth between FY22 and FY24, with revenue increasing from ₹93.30 crore to ₹260.38 crore and PAT rising from ₹9.71 crore to ₹25.13 crore. Customer concentration is a notable risk. The top five customers contributed 62.29% of revenue in the February 2025 period, while the largest customer alone contributed 32.69%. The company also had significant supplier concentration, with its top five suppliers accounting for 95.14% of purchases during the same period.
At ₹273, the offer price corresponded to 21.82 times FY2024 EPS of ₹12.51. The Prospectus reported a FY2024 NAV of ₹31.88 and compared the company's P/E with peers including Dynacons Systems & Solutions, Orient Technologies and Silver Touch Technologies. The valuation therefore needs to be considered alongside the company's smaller scale, customer concentration and competitive risks.
Conclusion
Unified Data-Tech Solutions is an IT system-integration company offering infrastructure, networking, cybersecurity, virtualization, cloud, data protection and related services. Its financial performance showed substantial revenue and PAT growth through FY24, supported by OEM relationships, technical capabilities and a broad range of IT solutions. Currently, the Unified Data-Tech Solutions IPO is entirely an OFS, so the company received no fresh capital for expansion. Customer and supplier concentration, pricing pressure, competition, receivable exposure and rapid technology changes remain important factors to monitor when assessing the company's post-listing business prospects.
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹273.00 |
| Open | ₹285.00 |
| Low | ₹272.50 |
| High | ₹299.25 |
| Last Trade | ₹299.25 |
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Competitive Strengths
Established client relationships and a diverse clientele across multiple industries and with authorised OEM distributors.
Extensive delivery network capable of supplying and installing IT solutions across India.
ISO 9001:2015 and ISO 27001:2013 certifications.
More than 310 technology-related employee certifications or badges as of March 31, 2025.
Experienced promoter and management team with long-standing IT industry experience.
Broad portfolio spanning infrastructure, cybersecurity, virtualization, cloud and data protection solutions.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 400 | 1,09,200 |
| Individual investors (Retail) (Max) | 1 | 400 | 1,09,200 |
| HNI (Min) | 2 | 800 | 2,18,400 |