The allotment status for Unicommerce eSolutions IPO has been finalised. The public offering, priced between Rs 102 and Rs 108, closed for subscription on August 8, 2024.
The public offering, priced between Rs 102 and Rs 108, closed for subscription on August 8, 2024.
The allotment status for Unicommerce eSolutions IPO has been finalised. The public offering, priced between Rs 102 and Rs 108, closed for subscription on August 8, 2024.
On the allotment day, investors can check how many shares they have received compared to their bids. The allotment process assigns shares to each investor based on the number of shares they applied for and the total shares available for distribution.
IPO Allotment Status
Here are the steps to check the IPO allotment status on the BSE website:
1. Visit the BSE website and click on the 'Investors' section.
2. Click on 'Status of Issue Applicant' to navigate to a new page, then select 'Applicant Status Check'. Alternatively, click on the direct link here.
3. Now, select the issue type, issue name, and applicant number/ PAN number.
4. Following this, click on search to get details of the allotment.
Steps to Check Allotment on the Registrar’s Website
1. Go to the Link Intime India website.
2. Select ‘Unicommerce eSolutions Limited IPO’ in the company section.
3. Give your PAN number or application number.
4. Now click on submit to check the allotment status.
Unicommerce eSolutions IPO Performance
On the final day of bidding, the Rs 276.57 crore IPO was significantly oversubscribed, with demand reaching 168.35 times the number of shares available. Non-institutional investors oversubscribed their portion by 252.46 times, qualified institutional buyers (QIBs) by 138.75 times. Additionally, retail individual investors (RIIs) oversubscribed it by 130.99 times.
Unicommerce eSolutions IPO Grey Market Premium
Market experts say the Unicommerce eSolutions IPO is trading at a grey market premium (GMP) of Rs 55. This is 51 per cent higher than the issue price. The GMP is the price at which IPO shares are bought and sold in the grey market before they are officially listed on the stock exchange.
Unicommerce eSolutions
Unicommerce eSolutions is a SaaS platform that was established in 2012. According to the company's website, it is the largest e-commerce enablement SaaS platform by revenue for the financial year ending March 31, 2022, providing comprehensive management of e-commerce operations for brands, sellers, and logistics service providers.
The company provides a diverse array of products to assist businesses in managing their e-commerce operations, including inventory management systems, warehouse solutions, omnichannel retail management systems, and more.