Unicommerce eSolutions IPO Subscription: The company will not be offering more than 10% of the issue to the retail investors.
Unicommerce eSolutions IPO GMP: The company opened its issue on August 06. On the very first day of bidding, the issue got subscribed 2.48 times more than the offered shares. As of 12.30 IST, the issue got bids over 7 times on the second day of IPO.
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Issue Size
The company wants to collect a sum of Rs 276.57 crore through entirely an offer for sale, which means the raised funds will go into the pockets of promoters and other selling shareholders.
Price Band
The company kept the IPO price band between Rs 102 to Rs 108 per equity share. The listing of the shares is expected to be on August 13 on BSE and NSE platforms. Before that, the allotment of the shares is expected to be finalised on August 09.
GMP
Unicommerce eSolutions shares were fetching a premium of more than 32% in the grey market. It is an unofficial place where shares change hands illegally ahead of listing. Market participants keep an eye on GMP to track listing gains.
Minimum Investment Required
The minimum investment required for a retail buyer is Rs 14,904 as it needs to apply for a minimum of one lot that contains 138 shares. The lot sizes are different for small NIIs and big NIIs. A small NII needs an investment of Rs 2,08,656 while a big NII requires an investment of Rs 10,13,472.
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About Unicommerce eSolutions
Unicommerce eSolutions is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers. It provides a range of software products to help businesses efficiently manage their e-commerce operations after purchase. These products include a warehouse and inventory management system, a multi-channel order management system, an omnichannel retail management system, a seller management panel for marketplaces, post-order services for logistics tracking and courier allocation, and a payment reconciliation system.
BRLMs and Registrar
IIFL Securities and CLSA India are the lead book runners for the IPO. Link Intime India is taking the work of the registrar for the issue.
