Unicommerce Esolutions IPO Ends With Massive reposonds from Investors

Unicommerce Esolutions IPO: Unicommerce Esolutions IPO received bids for 237.16 crore shares against 1.40 crore shares which were issued.

In total, Unicommerce Esolutions public subscription was open from August 6 to August 8 and the company issued 1,40,84,681 equity shares on offer but it received bids for 2,37,16,59,168r shares which was 168.39 times more subscriptions than it issued shares.

Around 252.48 investors subscribed to the Non-Institutional Investors (NIIs) group, the QIBs category was subscribed to 138.75 times while the Retail Individual Investors (RIIs) group subscribed 131.15 times.

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The Unicommerce Esolutions IPO was launched on August 6 and ended on August 8, the price brand of the public offering was Rs 102 to 108 per share.

Unicommerce Esolutions IPO consists of 2,56,08,512 equity shares on OFS by AceVectorand and SB Investment Holdings UK.

The funds earned from the offer will not go to the company but all the funds will be received by the shareholder based on the shares sold by them.

However, before the launch of Unicommerce Esolutions IPO, the company earned Rs 124.46 crore from early bids by the anchor investors on August 5.

The company issued 1.15 crore shares which were worth Rs 108 each to 14 anchor investors.

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About the Unicommerce Esolutions

Unicommerce Esolutions which was formed in 2012 is one of India’s largest e-commerce enablement SaaS tools for transaction processing.

The company provides a complete set of solutions and handles e-commerce operations for brands, retailers, and logistics providers.

The company offers a set of solutions and does e-commerce operations such as a multi-channel order management system, an omnichannel retail management system, a warehouse and inventory management system, post-order services for transportation tracking and courier allocation, and a payment reconciliation system.

Customers can also use several sub-modules for their everyday operations.

During the twelve months ending March 31, 2024, the company reported that it made a net profit of Rs 13.08 crore and revenue of Rs 103.58 crore

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