Unicommerce eSolutions IPO Listing Date Today: Unicommerce eSolutions was listed at Rs 235 on the National Stock Exchange, a premium of 118% to the issue price of Rs 108. 

The company raised a total of Rs 276.57 crore through entirely an offer for sale, which means promoters and other selling shareholders offloaded their stakes to the public. 

GMP

The shares of Unicommerce eSolutions were attracting a premium of 64% in the grey market. It is an unofficial place where shares change hands illegally ahead of listing. 

IPO Details

The company opened its IPO to investors for bidding on August 06 and closed the issue on August 08. The shares allotment was finalised on August 09. 

Price Band

The company kept the price band between Rs 102 to Rs 108 per equity share. A retail buyer had to bid for a minimum of 138 shares, which totals Rs 14,904. Meanwhile, there were different lot sizes for small NIIs, big NIIs, and QIBs.

Expert’s take on Unicommerce Solutions

“Considering the strong subscription demand Unicommerce became the second biggest in terms of subscription so far in 2024 and understanding the market mood, we expect there is good room for healthy listing gain in the range of 40% and above against the issue price of Rs 108 per share and we continue to recommend allotted investors to hold it for long term,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities. “Being the largest e-commerce-enabled SaaS provider and the only profitable in this space with no listed peers, we believe the company may command a premium valuation multiple.”

BRLM and Registrar

IIFl Securities and CLSA India were the book-running lead managers of the IPO while Link Intime India was the registrar for the issue.