Unicommerce Closes IPO With 168X Subscription

SUMMARY

The IPO saw investors bid for 237 Cr shares as against 1.4 Cr shares on offer, as per BSE data

The NII quota was oversubscribed 252.46X while the retail portion saw investors bid for 33.54 Cr shares compared to 25.6 Lakh shares on offer

Having raised INR 124 Cr from anchor investors, Unicommerce’s public issue comprised only an offer for sale (OFS) component of 2.56 Cr shares

On the back of a strong traction from non-institutional investors (NIIs), enterprisetech startup Unicommerce’s public issue was oversubscribed 168.3X on the final day of the bidding.

The initial public offering (IPO) saw investors bid for 237 Cr shares as against 1.4 Cr shares on offer, as per BSE data.

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