Unicommerce IPO: Issue Fully Subscribed On Day 1, Retail Portion Booked Nearly 10X

Unicommerce IPO: Issue Fully Subscribed On Day 1, Retail Portion Booked Nearly 10X

SUMMARY

Unicommerce’s IPO received cumulative bids for 3,42,62,364 (3.42 Cr) as against an offering of  1,40,84,681 (1.4 Cr) shares

While retail investors oversubscribed their quota by 9.98X, NIIs placed bids for 86.87 Lakh as against 38.41 Lakh shares reserved for them

The startup is intending to raise INR 276.5 Cr through this IPO at the upper price band

The initial public offering (IPO) of SaaS startup Unicommerce has raked in a strong response from investors on the first day of the bidding, getting fully subscribed 2.43 times.

The IPO received cumulative bids for 3,42,62,364 (3.42 Cr) as against an offering of  1,40,84,681 (1.4 Cr) shares. 

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