Unicommerce Makes Strong Debut As Shares List At 118% Premium

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.

The startup’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.

The startup had set a price band of INR 102-108 for the public issue. Ahead of its IPO, Unicommerce had raised INR 124.4 Cr from 14 anchor investors .

Unicommerce filed its draft red herring prospectus (DRHP) in January this year and received regulatory approval on July 1. The startup’s public issue comprised only an offer for sale (OFS) component of 2.56 Cr shares. 

Founded in 2012, Unicommerce is an ecommerce SaaS startup that helps businesses manage inventory across all online marketplaces. It claims to be the largest ecommerce enablement SaaS platform in transaction processing in terms of revenues (in FY23). 

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