Unicommerce eSolutions IPO day 1: Mainboard issue booked over 2 times on high retail demand

The Unicommerce eSolutions Limited IPO saw strong demand on Tuesday, August 6, the first day of bidding, as the public offer was booked 2.43 times.

The initial public offering (IPO) received bids for more than 3.42 crore shares compared to 1.4 crore shares on offer.

Retail investors applied for over 2.55 crore shares against 25.6 lakh shares set aside for the category, booking the portion 9.97 times.

The issue was subscribed 2.26 times in the Non-Institutional Investors (NIIs) category with applications for 86.79 lakh shares against 38.41 lakh shares set aside for the segment. However, the QIB portion did not receive any application.

Unicommerce eSolutions Limited IPO offer size, price band and other details

Unicommerce eSolutions IPO is a book-building issue worth ₹276.57 crore. The public offer comprises an entirely new issue of 2.56 lakh shares. The company's IPO price band has been fixed at ₹102 to ₹108 per share.

For retail investors, the minimum lot size for an application is 138 shares, aggregating to an investment of ₹14,904.

For small Non-Institutional Investors (sNII), the minimum investment is 14 lots, or 1,932 shares, which amounts to ₹2,08,656 and for big Non-Institutional Investors (bNII), the minimum investment is 68 lots of 9,384 shares, with a total amount of ₹1,013,472.

Unicommerce eSolutions IPO dates

The IPO subscription window is open from August 6 to August 8. The IPO allotment status is likely to be finalized on August 9.

Refunds will be initiated for unsuccessful bidders on August 12 and shares will be credited in the demat accounts of successful bidders the same day.

Shares of the company are likely to be listed on the NSE and BSE platform, on August 13.

Unicommerce eSolutions IPO registrar

The registrar for Unicommerce IPO is Link Intime India Private Limited.

The book-running lead managers for the issue are IIFL Securities Limited and CLSA India Private Limited.

Unicommerce eSolutions Limited IPO objective

The company will not receive any proceeds from the Offer. Instead, all the Offer Proceeds will go directly to the Selling Shareholders, distributed in proportion to the Offered Shares sold by each Selling Shareholder as part of the offer.

About Unicommerce eSolutions Limited

Founded in February 2012, Unicommerce eSolutions Limited is a SaaS platform designed to streamline e-commerce operations for brands, sellers and logistics providers.

The company provides a suite of software solutions aimed at optimising post-purchase e-commerce management. These offerings include a warehouse and inventory management system, a multi-channel order management system, an omni channel retail management system, a seller management panel for marketplaces, post-order services for logistics tracking and courier allocation, and a payment reconciliation system.