Unicommerce eSolutions IPO Subscribed 2.46x on Day 1

Unicommerce eSolutions Limited opened its IPO on August 06, 2024, and will close on August 8, 2024. The IPO is a book-built issue of Rs 276.57 crores, entirely an offer for sale of 2.56 crore shares. Unicommerce eSolutions IPO price band has been set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (1,932 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (9,384 shares), amounting to ₹10,13,472.

Unicommerce eSolutions has appointed IIFL Securities Ltd and CLSA India Private Limited as the book-running lead managers and Link Intime India Private Ltd as the registrar for the issue.

Day Wise Subscription

On the 1st day of bidding, Unicommerce eSolutions IPO subscribed 2.46 times. The public issue subscribed 10.12 times in the retail category, 0.00 times in QIB, and 2.27 times in the NII category.

Grey Market Premium

The last GMP for Unicommerce eSolutions IPO is ₹25. With a price band of ₹108.00, the estimated listing price is ₹133 (cap price + today’s GMP). The expected percentage gain/loss per share is 23.15%.

About Unicommerce eSolutions Limited

Unicommerce eSolutions Limited, a SaaS platform, was founded in February 2012 and oversees e-commerce operations for brands, sellers, and logistics companies.

The company provides various software solutions to assist companies in effectively managing their online storefronts after they are purchased. Some of these goods include a seller management panel for marketplaces, a multi-channel order management system, an omnichannel retail management system, a warehouse and inventory management system, post-order services for logistics tracking and courier allocation, and a payment reconciliation system.

The business integrates a wide range of partners and technologies. As of March 31, 2024, this comprised 11 integrations with ERPs, POS systems, and other systems and 101 integrations with logistics partners.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.