Hidesign signs partnership deal with Unicommerce to boost omnichannel operations; shares rise 2%

In August, Unicommerce eSolutions Ltd made a strong debut on the NSE, with its shares getting listed at Rs 235 apiece

Leather goods manufacturer Hidesign has signed a partnership deal with Unicommerce to boost its e-commerce operations and better order processing across online and offline channels, the latter said in an exchange filing on October 14.

“We have had a long-known history of our physical presence across the country. With e-commerce becoming the go-to-choice for today’s customers, it is important to adopt the right kind of technology. With Unicommerce’s reliable platform, we are rest-assured that our business operations will yield improved results,” Hidesign chief finance officer Pujaspada Pandab said.

At 1.22 pm Unicommerce ESolutions shares were trading at Rs 211.83 on the National Stock Exchange, up 1.99 percent from the previous close.

The leather goods manufacturer has employed Unicommerce’s “no frills order processing” feature for omnichannel orders that will allow Hidesign’s staff to view all actionable order items on a single page, making it easier to process store orders from a centralised location, the company statement said.

“Just like we have built our technology step by step, our technological prowess will provide the apt support to enhance their post-purchase operations,” Unicommerce MD & CEO Kapil Makhija said.

Unicommerce made a strong debut on the NSE in August, with the stock listing at Rs 235, a premium of 117.6 percent over the IPO price of Rs 108.

The IPO, a book-built issue of Rs 276.6 crore, was subscribed 168.35 times.