August 8, 2024
New Delhi, India
Unicommerce IPO
The Unicommerce eSolutions IPO has gained significant traction as it enters its third and final day of subscription. The IPO, which opened on August 6, is an entirely offer-for-sale (OFS) of 2.56 crore shares. With a price band set at ₹102 to ₹108 per share, retail investors are required to invest a minimum of ₹14,904 for one lot (138 shares). Here’s a detailed look at the subscription status, GMP, and other critical details.
Subscription Status: As of 1:12 PM on the third day, the Unicommerce IPO has been subscribed 50.75 times:
- Retail Investor Category: Subscribed 82.51 times
- Non-Institutional Investors (NIIs): Subscribed 114.71 times
- Qualified Institutional Buyers (QIBs): Subscribed 8.18 times
The IPO’s allocation structure reserves up to 75% of the shares for QIBs, 15% for NIIs, and 10% for retail investors.
Grey Market Premium (GMP):
- Current GMP: ₹50, unchanged from the previous day.
- Expected Listing Price: With the upper price band at ₹108, the stock is expected to list at approximately ₹158, indicating a 46% premium on the listing.
RBI MPC: Maintains FY25 Inflation Projection at 4.5%
IPO Details:
- Price Band: ₹102 to ₹108 per share
- Opening Date: August 6, 2024
- Closing Date: August 8, 2024
- IPO Size: Offer-for-sale of 2.56 crore shares
- Lot Size: 138 shares
- Allotment Date: August 9, 2024
- Listing Date: Expected on August 13, 2024
Use of Proceeds: As the IPO is entirely an OFS, Unicommerce eSolutions will not receive any proceeds from the issue. The selling shareholders, AceVector Ltd and SB Investment Holdings (UK), will be offloading part of their stakes.
IPO Listing: Ceigall India Shares List At 4.4% Premium To Issue Price On NSE, 3% Premium On The BSE
Anchor Investors: Unicommerce eSolutions raised ₹124.5 crore from anchor investors on August 5, with notable participants including:
- Morgan Stanley
- HDFC Mutual Fund
- SBI Mutual Fund
- Kotak Mahindra Trustee
- ICICI Prudential Mutual Fund
- Aditya Birla Sun Life Trustee
- The Prudential Assurance Company
- Franklin India Technology Fund
About Unicommerce eSolutions: Established in February 2012, Unicommerce eSolutions is a SaaS platform providing comprehensive solutions for managing e-commerce operations for brands, sellers, and logistics providers. Their products optimize post-purchase processes, including warehouse and inventory management, multi-channel order management, omnichannel retail management, and more. As of March 31, 2024, the company boasts 101 integrations with logistics partners and 11 integrations with ERPs, POS systems, and other platforms.
The Unicommerce eSolutions IPO has witnessed robust investor interest, reflected in the high subscription numbers and steady GMP. As the IPO closes today, investors are keenly watching the allotment and listing dates. While the GMP suggests a positive market sentiment, it’s essential to consider various factors before making investment decisions.
Disclaimer:
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