Unicommerce eSolutions IPO booked 2.43 times on the first bidding day; retail investors steal the show. Check GMP

Unicommerce eSolutions IPO subscription status: On the first day of bidding, Unicommerce eSolutions Ltd.'s initial public offering got off to a terrific start. The retail component was entirely booked within 30 minutes of opening, and the issue was fully subscribed within a few hours. The IPO has benefited from an overall upbeat market sentiment. Unicommerce eSolutions IPO subscription status is 2.43 times, as per BSE data.

The initial share sale received bids for 3,42,62,364 shares against 1,40,84,681 shares on offer, according to the BSE data.

The retail investors portion fetched 9.98 times subscription while the quota for non-institutional investors got subscribed 2.26 times. The portion for Qualified Institutional Buyers (QIBs) is yet to be booked.

Prior to its initial share sale opening for public subscription, Unicommerce eSolutions Ltd, a SaaS platform backed by SoftBank, said on Monday, August 5, that it had garnered over ₹124 crore from anchor investors.

The public subscription period for the issuance, which has a price range of ₹102 to ₹108 crore per share, hascommencedon August 6 and willclose on August 8. Established in 2012, Unicommerce eSolutions is the top software-as-a-service (SaaS) platform in India for e-commerce enablement. Brands, retailers, marketplaces, and logistics service providers can manage their e-commerce operations from start to finish with the help of the company's range of SaaS solutions.

Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, Cello, Urban Company, Mensa, Shiprocket, and Xpressbees are just a few of the many and expanding Indian clientele it services.

According to the company, qualified institutional buyerswould receive 75% of the issue size, non-institutional investors will be given 35%, and retail investors will receive the remaining 10%.A minimum of 138 equity shares, as well as multiples of those shares, are up for bid.

Unicommerce eSolutions IPO details

There is no fresh issue component to the IPO; there is only an offer-for-sale (OFS) of 25,608,512 equity shares. As part of the OFS, promoter AceVector Limited (previously Snapdeal Limited) would sell up to 94.38 lakh shares, while subsidiary of Japan's SoftBank, SB Investment Holdings (UK) Ltd, will sell 1.61 crore shares.

The Unicommerce eSolutions IPO's book running lead managers are Iifl Securities Ltd and CLSA India Private Limited, while the issue's registrar is Link Intime India Private Ltd.

Unicommerce eSolutions IPO GMP today

Unicommerce eSolutions IPO GMP is +25. This indicates Unicommerce eSolutions share price were trading at a premium of ₹25 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Unicommerce eSolutions share price was indicated at ₹133 apiece, which is 23.15% higher than the IPO price of ₹108.

'Grey market premium' indicates investors' readiness to pay more than the issue price.'

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