Unicommerce eSolutions IPO Sees Strong Demand on First Day

The initial public offering (IPO) for Unicommerce eSolutions Ltd. kicked off with great excitement on its first day. Investors showed immense interest, with the retail portion getting fully booked in just 30 minutes after bidding started. Overall, the IPO was 2.43 times subscribed within a few hours of opening, indicating a positive market sentiment.

According to the latest data from BSE, the IPO received bids for over 3.42 crore shares against the 1.4 crore shares available. Retail investors have been particularly eager, with their portion being 9.98 times oversubscribed, while the non-institutional investors’ segment saw a subscription of 2.26 times. The Qualified Institutional Buyers (QIBs) are still in the process of booking.

Unicommerce eSolutions Ltd., a leading SaaS platform operating since 2012, is focused on e-commerce enablement. It offers a wide array of solutions for brands, retailers, marketplaces, and logistics service providers to manage their e-commerce operations efficiently. The company’s impressive client list includes well-known names like Lenskart, Fabindia, Zivame, Mamaearth, and more.

Before opening to the public, this IPO raised over ₹124 crore from anchor investors. The public subscription period began on August 6 and will run until August 8, with the share price ranging between ₹102 and ₹108 each.

Additionally, the IPO is structured as an offer-for-sale (OFS), with AceVector Limited planning to sell around 94.38 lakh shares and SoftBank’s SB Investment Holdings (UK) Ltd offering around 1.61 crore shares. The offering has been well-managed by Iifl Securities Ltd and CLSA India Private Limited.

Interestingly, the grey market is buzzing too; the IPO is currently trading at a premium of ₹25, which suggests that investors are willing to pay more than the issue price. This could potentially set the listing price of Unicommerce shares at approximately ₹133, which would be a noteworthy gain compared to the upper end of the IPO price band.