Bumper good points as Unicommerce jumps 100% on itemizing day

Shares of Unicommerce Esolutions made a stellar debut on the bourses on Tuesday by gaining over 100 per cent after a blockbuster IPO. Towards the IPO value of ₹108, the inventory listed with 113 per cent good points at ₹230 on the BSE. It additional rose to a excessive of ₹256.15 and settled at ₹210.05, up 95 per cent over the IPO value. On the NSE, the inventory made its debut at ₹235, rallying 117.59 per cent. It ended at ₹211.50, reflecting a leap of 95.83 per cent.

The problem of Softbank-backed Unicommerce acquired a whopping subscription of 168.39 instances. QIB portion was subscribed 138.75 instances and NIIs, essentially the most aggressive, acquired bids for 258.48 instances. The quota for retail buyers was subscribed 131.15 instances.

IPO particulars

Unicommerce, which got here out with a value band of ₹102-108, was solely an OFS. Beneath the OFS, SB Funding Holdings (UK), an affiliate of Japan’s SoftBank, offered 1.61 crore shares, and promoter AceVector Ltd (previously Snapdeal Ltd ) offloaded 94.38 lakh shares.

Earlier, Unicommerce eSolutions had garnered over ₹124 crore from anchor buyers. It had allotted 1.15 crore shares to 14 funds at ₹108 a share. SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Kotak MF, Nippon India MF, DSP MF, Aditya Birla Solar Life MF, Morgan Stanley Funding Administration, and Franklin Templeton Fund are among the many buyers who participated within the anchor e-book.

Based in 2012, Unicommerce eSolutions is India’s main e-commerce-enablement software-as-a-service (SaaS) platform. The corporate’s suite of SaaS options allows end-to-end e-commerce operations administration for manufacturers, retailers, marketplaces, and logistics service suppliers.

It serves a big and rising base of shoppers in India, together with Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, Cello, City Firm, Mensa, Shiprocket, and Xpressbees.

IIFL Securities and CLSA India have been the book-running lead managers to the problem.