Unicommerce Makes Strong Debut As Shares List At 118% Premium

Unicommerce Makes Strong Debut As Shares List At 118% Premium

SUMMARY

On the NSE, the stock listed at INR 235 per share, a premium of 117.59% over its issue price of INR 108. Similarly, on the BSE, it listed at INR 230, reflecting a 112.96% premium

The startup’s public issue was oversubscribed 168.3X on the final day of the bidding

The startup had set a price band of INR 102-108 for the public issue

Shares of enterprise tech startup Unicommerce eSolutions made a stellar debut on the exchanges today (August 13), opening significantly higher than the issue price. On the NSE, the stock listed at INR 235 per share, a premium of 117.59% over its issue price of INR 108. Similarly, on the BSE, it listed at INR 230, reflecting a 112.96% premium.

As of 10:16 AM, Unicommerce eSolutions’ stock was trading at INR 220, marking a 103.7% increase from its issue price.

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