Mumbai-based Unified Data- Tech Solutions made a strong entry into the primary market, with its ₹144.47 crore IPO getting fully subscribed on the very first day of bidding. The issue attracted bids for 87.08 lakh shares, against the 37.85 lakh shares on offer, translating to an overall subscription of 2.3 times. A total of 14,860 applications were received on Day 1.

Retail investors emerged as key drivers of this demand, subscribing to their portion 3.21 times. Non-institutional investors subscribed 1.53 times, while qualified institutional buyers (QIBs) subscribed 1.49 times. The IPO, which consists entirely of an offer-for-sale, will see all proceeds go to the selling promoter Hiren Rajendra Mehta, and not to the company itself.

The company, aiming for a valuation close to ₹550 crore, has already raised ₹41.14 crore in a pre-IPO round by allotting 15.06 lakh shares to 18 anchor investors. These include Bharat Venture Opportunities Fund, Aarth AIF Growth Fund, Mind Focused Growth Fund, and others. The price band for the IPO has been set at ₹260–273 per share, and the issue will remain open for subscription until May 26. HEM Securities is the merchant banker managing the issue.