Unicommerce eSolutions IPO: The initial public offering (IPO) of the SoftBank-backed company Unicommerce eSolutions is about to be listed.
Investors who received the IPO allocated are waiting to be listed. This IPO is receiving a robust response from the grey market.
Issue Price IPO
The price of issue for the IPO which will be open from the 6th of August to 8 August, was set at between Rs 102 and Rs 110 per share. In terms of the gray market, the premium is 65 rupees.
In this way, the IPO could be listed at Rs 173. This is a rise of 60 percent in premiums. If we examine the premiums over the past couple of days, they have been increasing continuously.
After the price of 35 rupees on the 6th of August, the premium increased to a total of 30 rupees. In this way, profits can be anticipated at the time of the listing.
There Is A Huge Demand For IPO
Unicommerce eSolutions’ IPO got subscribers 168 times on Thursday which was the third and last day.
According to NSE information, the bids received were for 2,37,11,72,994 shares versus 1,40,84,681 shares in the IPO.
The non-institutional investor category received 252.46 times the subscription, while the shares with qualified institutions buyers (QIB) was 138.75 times the subscription.
Retail individual investors (RIIs) received 130.99 per subscription.
This issue focuses solely on the offer for purchase (OFS) which is 2.56 crore equity shares. The IPO will bring in an amount of Rs 276.6 crore at the higher value of the issue price.
The total amount raised in this IPO will go to shareholders who sell the shares.
Who Are Anchor Investors?
Unicommerce E-Solutions said on Monday that it had raised Rs 123.4 crore through the anchor (large) Investors.
It comprises institutions such as Morgan Stanley, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Franklin India Technology Fund, Aditya Birla Sun Life Trustee, and DSP Multicap Fund.
IIFL Securities and CLSA India are the primary book-running managers of this IPO as well Link Intime India is the official registrar for the issue.
The share that the business holds is scheduled to be listed in the coming days on BSE as well as NSE. The expected date for listing is on August 13.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations.
