Unicommerce IPO Day 3: GMP Unchanged, Subscription Climbs To 50.75 Times

Unicommerce eSolutions IPO, which is entirely an offer for sale of 2.56 crore shares, opened for subscription on August 6 and is set to close on August 8. The price band is set at ₹102 to ₹108 per share, with a minimum lot size of 138 shares, translating to a minimum investment of ₹14,904 for retail investors.

Unicommerce IPO Subscription Status

As of 1:12 pm on the third day of bidding, the Unicommerce IPO has been subscribed 50.75 times. The retail investor category has been subscribed 82.51 times, while the non-institutional investors category has seen a subscription of 114.71 times. The Qualified Institutional Buyers (QIBs) category has been subscribed 8.18 times.

The IPO's allocation structure reserves up to 75% of the shares for Qualified Institutional Buyers (QIBs), a minimum of 15% for Non-Institutional Investors (NIIs), and at least 10% for Retail Investors.

Unicommerce IPO GMP

The Unicommerce IPO GMP was at ₹50, unchanged from the previous day. With the upper band of the IPO at ₹108, the stock is expected to list at ₹158, indicating around 46% premium on the listing. It’s crucial to remember that while GMPs can provide some insight into market sentiment towards an IPO, they should not be considered the sole factor determining the stock's performance upon listing.

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Unicommerce IPO Details

The proceeds from the offering will be used for various purposes, including addressing general corporate purposes. The allotment for the IPO is set to be finalised on August 9, with shares expected to be listed on the BSE and NSE on August 13.

Prior to the IPO launch, Unicommerce IPO secured ₹124.5 crore from anchor investors on August 5. Notable participants in the anchor round include Morgan Stanley, HDFC Mutual Fund, SBI Mutual Fund, Kotak Mahindra Trustee, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Trustee, The Prudential Assurance Company, and Franklin India Technology Fund.

About Unicommerce Esolutions

Established in February 2012, Unicommerce eSolutions is a SaaS platform that provides comprehensive solutions for managing e-commerce operations for brands, sellers, and logistics providers. The company offers a range of software products designed to optimize post-purchase processes, including a warehouse and inventory management system, a multi-channel order management system, an omnichannel retail management system, and a seller management panel for marketplaces.

Additionally, it provides post-order services such as logistics tracking, courier allocation, and a payment reconciliation system. As of March 31, 2024, Unicommerce has 101 integrations with logistics partners and 11 integrations with ERPs, POS systems, and other platforms, ensuring a smooth and efficient operation of integrated supply chains for its clients.

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