Unicommerce Esolutions shares (Unicommerce Esolutions Ltd) had a stellar listing on the exchanges today on 13th August. The Unicommerce Esolutions shares were listed on NSE at ₹ 235 per share, which is 117.59 percent higher than the IPO price of ₹ 108. At the same time, it was listed on BSE at ₹ 230 with a premium of 112.96 percent. Let us tell you that the IPO size of Unicommerce Esolutions was ₹ 276.57 crore and the company had fixed the price band for it at ₹ 102-108 per share.
Tremendous Response from IPO Listing
Let us tell you that the company’s IPO opened for investment on August 6 and closed on August 8. The issue saw tremendous demand in the 3 days of bidding. The IPO received an overall response of 168.35 times and investors bid for 237.11 crore shares as compared to 1.4 crore shares on offer. The category of non-institutional investors was subscribed the most at 252.46 times, followed by the quota of qualified institutional buyers receiving 138.75 times bids. Meanwhile, the retail investor portion also received a massive subscription of 130.99 times. The issue is entirely OFS based. Through OFS, AceVector Ltd and SB Investment Holdings (UK) aim to sell part of their stake in the company. The book-running lead managers for the IPO are IIFL Securities and CLSA India, with Link Intime India acting as the registrar.
Company Business Information
Unicommerce eSolutions was founded in 2012. It is India’s leading e-commerce enabled Software-as-a-Service (SaaS) platform. Unicommerce eSolutions operates as a Software as a Service (SaaS) platform, providing solutions to manage e-commerce operations for brands, sellers and logistics providers. It serves a significant and expanding customer base in India, including renowned names such as Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, Boat, Portronics, PharmEasy, GNC, Cello, Urban Company, Mensa, Shiprocket, Xpressbees. Apart from its presence in India, Unicommerce also has clients in six other countries, with a focus on the Southeast Asia and Middle East regions.