JSA advised IIFL Securities Limited and CLSA India Private Limited, the book running lead managers, in relation to the initial public offering of equity shares of Unicommerce eSolutions Limited comprising an Offer for Sale of upto 25,608,512 equity shares aggregating to ₹2,765.72 million.
Unicommerce is India’s largest e-commerce enablement SaaS platform in the transaction processing or nerve centre layer, in terms of revenue for the financial years ended March 31, 2023, March 31, 2022 and March 31, 2021 (Source: Redseer Report). Its products are sector and size-agnostic and are designed to meet the business needs of various types and sizes of retail and e-commerce enterprises, both online and offline.
Deal value: ₹2,765.72 million
Our Transaction Team Comprised Lead Partner – Madhurima Mukherjee Saha, Principal Associate – Sagar Batra, Associates – Bhavini Mohan and Rishika Kharbanda.












Madhurima Mukherjee is a Partner at JSA and Head of the Capital Markets practice, with over 20 years of experience advising on India's most significant domestic and international securities offerings. Recognised as one of India's leading capital markets lawyers, she has advised on landmark IPOs, QIPs, rights issues, REITs, InVITs, block trades and strategic capital-raising transactions for top corporates, financial institutions, investors and government entities.