Unicommerce eSolutions IPO Allotment Is Here: Check Your Status Now!

The allotment status for the Unicommerce eSolutions Limited initial public offering (IPO) has been announced, and it’s time for applicants to check their status. If you applied for the IPO, you can easily find out if you’ve been allotted shares by visiting the BSE website or the official registrar’s website, Link Intime India Private Limited.

Since the announcement, there has been a buzz in the grey market, especially with the Unicommerce eSolutions IPO grey market premium (GMP) increasing to ₹55 today, up from ₹50 on Friday. Market experts noted that this uptick in sentiment follows a positive trend on Dalal Street, with the Indian stock market ending higher last Friday.

The bidding for the Unicommerce eSolutions IPO concluded on August 8, 2024, and under the new ‘T+3’ listing rule in effect since December 1, 2023, the IPO is expected to list on August 13, 2024, which is just around the corner.

To check your share allotment status, applicants can log into the BSE website at bseindia.com or visit Link Intime’s official portal. For added ease, there’s a direct link provided for the BSE site. Just enter your application details, and you can find out without hassle.

The offer, which aimed to raise ₹276.57 crore through an offer-for-sale, had an attractive price band fixed at ₹102-108 per share. It received an overwhelming response, being subscribed 168.39 times on the last day of bidding, thanks to strong interest from qualified institutional buyers (QIBs) and non-institutional bidders.

Unicommerce eSolutions is a SaaS platform that streamlines e-commerce operations for brands, sellers, and logistics companies. The company raised ₹124.5 crore through its anchor book on August 5, with renowned institutional investors like Morgan Stanley, ICICI Prudential Mutual Fund, and others showing keen interest in this public issue.