Unicommerce eSolutions IPO subscribed 37X on day 3 to this point, retail part booked 72X. Take a look at GMP, diversified little print

Businesses

The initial public offering (IPO,) Unicommerce eSolutions say used to be subscribed by 37.14 events to this point on Thursday, the final day of the bidding job. This used to be led by strong seek data from from retail and non-institutional investors.

As of 12:30 pm, the retail investor class booked strong seek data from, with subscriptions reaching 72.72 events. The non-institutional investor (NII) class used to be subscribed simply about 88 events, whereas the qualified institutional investors had booked the say by 1.7 events

Within the intervening time, the novel gray market premium (GMP) for Unicommerce eSolutions is Rs 50, representing a 46.3% premium in the unlisted market.

The IPO is fully an provide on the market (OFS) of as a lot as 2.56 crore shares with a face label of Re 1 per part. Below the OFS, AceVector Ltd and SB Funding Holdings (UK) will likely be offloading their part stakes. For the reason that IPO is fully an OFS, the company will now no longer salvage any proceeds from the say.

Unicommerce eSolutions IPO label band
The corporate has fixed a label band of Rs 102-108 per part, where investors can order for 138 shares in one lot.

About 75% of the provide is reserved for qualified institutional investors, 10% for retail investors and the the leisure 15% for non-retail investors.

Unicommerce eSolutions IPO review
Analysts urged aggressive investors can subscribe to the IPO for list features as the say is priced on the upper facet.

"The IPO is aggressively priced at a P/E of 84x, reflecting a premium valuation. Within the absence of listed company, a comprehensive valuation comparability is difficult. Given these components, we advocate a cautious procedure and advocate that only neatly urged investors save in mind this IPO for doable list features," said Swastika Investmart.

Moreover read: Ceigall India shares list at 4.5% premium over say label

Other little print

Unicommerce eSolutions is an e-commerce enablement Instrument-as-a-Provider (SaaS) platform. The corporate’s suite of SaaS solutions permits discontinue-to-discontinue management of e-commerce operations for brands, retailers, marketplaces and logistics service suppliers.

It serves a tidy and rising unpleasant of marquee clients in India together with Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, GNC, Cello, Urban Company, Mensa, Shiprocket, Xpressbees and others.

Besides India, Unicommerce furthermore has clients in six diversified countries, primarily in South East Asia and the Heart East.

In FY24, the company's revenues rose 14% one year-on-one year to Rs 103 crore, whereas catch profit increased to Rs 13 crore from simply Rs 6.4 crore in the preceding fiscal.

IIFL Securities and CLSA India are the e book operating lead managers to the say, whereas Link Intime India is the registrar to the provide.

(Disclaimer: Solutions, solutions, views and opinions given by the experts are their procure. These attain now no longer represent the views of Financial Instances)

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