Unicommerce Esolutions Ltd had an impressive start when its shares were listed on August 13.
The company’s shares debuted at ₹235 on the NSE, which is 117.59% higher than the IPO price of ₹108.
On the BSE, the shares were listed at ₹230, reflecting a 112.96% premium. The IPO raised ₹276.57 crore, with the price band set between ₹102 and ₹108 per share.
Strong Investor Demand
The IPO of Unicommerce Esolutions opened on August 6 and closed on August 8, attracting exceptional interest.
The issue was oversubscribed by 168.35 times, with investors bidding for 237.11 crore shares compared to the 1.4 crore shares available.
Non-institutional investors showed the highest demand, subscribing 252.46 times. Qualified institutional buyers subscribed 138.75 times, while retail investors subscribed 130.99 times.
This IPO is entirely an Offer for Sale (OFS), with AceVector Ltd and SB Investment Holdings (UK) selling part of their stakes.
The book-running lead managers for the IPO were IIFL Securities and CLSA India, and Link Intime India served as the registrar.
Company Overview
Founded in 2012, Unicommerce eSolutions is a leading e-commerce Software-as-a-Service (SaaS) platform in India.
It provides solutions for managing e-commerce operations for brands, sellers, and logistics providers.
The company serves a broad customer base in India, including well-known names like Lenskart, Fabindia, and Mamaearth, among others.
Unicommerce also has clients in six other countries, focusing on Southeast Asia and the Middle East.
