Unicommerce eSolutions IPO will stop taking investors’ bids from August 08 onwards, marking today as the last day to subscribe to the issue. The issue has been subscribed more than 12 times more than the offered shares, as of August 07. The issue received 2.5 times the offered share on the very first day of the IPO.
The IPO was opened on August 06 to raise a total of Rs 276.57 through an offer for sale of 25.6 million shares.
Price Band
The company kept the price band in a range of Rs 102 to Rs 108 per equity share. The allotment of shares is expected to be finalised by August 09. The listing is likely to take place on August 13 on both the bourses – NSE and BSE.
Minimum Investment Required
A retail buyer needs to apply for at least 138 shares, or one lot, for an amount of Rs 14,904. Meanwhile, there are different minimum investment requirements for small NIIs and big NIIs. A small NII needs an investment of Rs 2,08,656 while a big NII needs to invest Rs 10,13, 472.
About Unicommerce eSolutions
Unicommerce eSolutions is a SaaS platform that manages e-commerce operations for brands, sellers, and logistics providers. The company offers a range of software products to help businesses efficiently manage their e-commerce operations after purchase. The company has a wide range of technology and partner integrations.
BRLMs and Registrar
IIFl Securities Ltd and CLSA India Private Limited are the book-running lead managers of the Unicommerce eSolutions IPO, while Link Intime India Private Ltd is the registrar for the issue.