Unlisted shares of Unicommerce eSolutions Ltd are trading Rs 55 higher in the grey market, signalling a 50.93 per cent listing gain from the public issue.
Unicommerce eSolutions IPO Allotment Today: The IPO allotment of SoftBank-backed Unicommerce eSolutions Ltd is likely to be finalised today, in the evening. The Unicommerce eSolutions IPO, which was open for subscription between August 6 and August 8, received 168.35 per cent subscription. The IPO allotment is scheduled to be finalised today and the investors will receive bank debit messages if allotted the scrips. They can also check the Unicommerce eSolutions IPO allotment status on both BSE and NSE websites, as well as on registrar Link Intime India’s portal.
The 276.57-crore IPO received a whopping 168.35 times subscription, garnering bids for 2,37,11,36,286 shares as against 1,40,84,681 shares on offer.
Its price band was fixed at Rs 102-Rs 108 apiece. The Unicommerce eSolutions IPO listing will likely take place on both BSE and NSE on August 13.
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Unicommerce eSolutions IPO: How To Check Allotment Status
Once the IPO allotment is finalised, the status can be checked by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Unicommerce eSolutions Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and check the Unicommerce eSolutions allotment status.
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Unicommerce eSolutions IPO GMP Today
According to market observers, unlisted shares of Unicommerce eSolutions Ltd are trading Rs 55 higher in the grey market than their issue price. The Rs 55 grey market premium or GMP means the grey market is expecting a 50.93 per cent listing gain from the public issue. The unlisted shares of Brainbees Solutions are trading at Rs 163 apiece in the grey market as against its upper issue price of Rs 108.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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Unicommerce eSolutions IPO: Details
The Unicommerce eSolutions IPO is entirely an offer-for-sale (OFS) of up to 2.56 crore equity shares valued at Rs 276.6 crore at the upper end of the price band. Therefore, the entire proceed will go to the selling shareholders.
Under the OFS, SB Investment Holdings (UK) Ltd, an affiliate of Japan’s SoftBank, will offload 1.61 crore shares, and promoter AceVector Limited (formerly known as Snapdeal Limited) will sell up to 94.38 lakh shares.
Founded in 2012, the company’s suite of SaaS solutions enables end-to-end management of e-commerce operations for brands, retailers, marketplaces, and logistics service providers.
It serves a large and growing base of clients in India, including Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, Cello, Urban Company, Mensa, Shiprocket and Xpressbees.
IIFL Securities and CLSA India are the book-running lead managers to the issue.
Shares of the company will be listed on BSE and the National Stock Exchange.
The Unicommerce eSolutions IPO was fully subscribed within hours of opening for subscription on Tuesday. On the second day, on Wednesday, the IPO received 12.22 times subscription.
