Unicommerce eSolutions IPO witnessed an increased subscription from investors on the 2nd day of bidding. Unicommerce eSolutions IPO price band has been set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares.
Unicommerce eSolutions IPO offers 2,56,08,512 shares. 76,82,554 (30.00%) to QIB, 38,41,276 (15.00%) to NII, 25,60,851 (10.00%) to RII and 1,15,23,831 (45.00%) to Anchor investors. 18,556 RIIs will receive a minimum of 138 shares, and 662 (sNII) and 1,325 (bNII) will receive a minimum of 1,932 shares.
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.
On 2nd day, Unicommerce eSolutions IPO subscribed 12.27 times. The public issue subscribed 35.77 times in the retail category, 0.80 times in QIB, and 19.53 times in the NII category.
The last GMP for Unicommerce eSolutions IPO is ₹50. With a price band of ₹108.00, the estimated listing price is ₹158 (cap price + today’s GMP). The expected percentage gain/loss per share is 46.30%.
Unicommerce eSolutions Ltd. (UEL) is India’s largest eCommerce enablement SaaS platform in the transaction processing or nerve centre layer, in terms of revenue for Fiscal 2023, 2022 and 2021. It is the only profitable company among the top 5 players in this industry in India during Fiscal 2023. The rule of 40 is an industry accepted thumb rule which is used to assess the growth and profitability of SaaS companies.
UEL has one of the largest bases of enterprise customers in India among its competitors and powers a diversified marquee clientele. It processes large numbers of orders across retailers and brands with 20-25% of all existing sets of clients.
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.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
