Unicommerce eSolutions IPO allotment: Here's how to check status online

SaaS solutions provider Unicommerce eSolutions Ltd, which launched its initial public offering (IPO) earlier this week, is likely to finalise the share allotment status on Saturday, August 10, reports said.

The issue was booked more than 168 times, rising on strong demand from retail and institutional investors. The IPO opened for subscription on August 6 to raise around ₹276.57 crore from investors. The company has proposed to list shares on August 13 on BSE and NSE.

Investors awaiting the company's share allotment can easily check their status on the BSE, NSE, and IPO registrar portals.

Follow these steps to check the share allotment status by Unicommerce eSolutions Limited

How to check Unicommerce eSolutions Ltd IPO share allotment on NSE

• Open NSE IPO allotment status page: (www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
• Login with username and password (Create username and password on NSE website first)
• Select Unicommerce eSolutions Limited
• Verify PAN No
• Enter IPO application No
• Click on Submit

Steps to check Unicommerce eSolutions Limited IPO share allotment on the registrar website

• Go to Link Intime India Pvt Ltd website (https://www.linkintime.co.in/)
• Click on Investor Services
• Select Public Issues
• Select Brainbees Solutions Ltd
• Enter application No or PAN, DP/Client ID or Account No / IFSC
• Submit to check the allotment status

How to check Unicommerce eSolutions Limited IPO share allotment on BSE

• Open the BSE IPO allotment status page (https://www.bseindia.com/investors/appli_check.aspx)
• Select Investor Relations and go to public issues
• Click on Application Status: (https://www.bseindia.com/investors/appli_check.aspx)
• Select Unicommerce eSolutions Limited
• Enter PAN details or application number
• Submit to check details

SoftBank-backed Unicommerce eSolutions’ IPO received a strong response from investors, as it was fully subscribed within hours of the subscription opening on August 6.

The initial public offer was subscribed 168.35 times on the last day of bidding, August 8.

According to exchange data, the IPO received applications for 237 crore equity shares against 1.40 crore equity shares on offer.

The non-institutional investor's portion was booked 252.46 times, the qualified institutional buyers quota was subscribed 138.75 times, and the retail individual investors’ quota was booked 130.99 times.

The company fixed the price band at ₹102-108 a share for the IPO. The minimum lot size was 138 shares. The minimum investment required was ₹14,904 for retail investors. The public offer comprised an entire Offer for Sale of up to 2.56 crore equity shares worth ₹276.6 crore at the upper limit of the price band. The proceeds of the IPO will go to the selling shareholders.

The company, founded in 2012, offers a suite of SaaS solutions to brands, marketplaces, retailers and logistics service providers for the end-to-end management of e-commerce operations.

The company claims a client book that includes Lenskart, Zivame, Fabindia, Mamaearth, TCNS, Sugar, Emami, BoAt, Portronics and Pharmeasy.