Unicommerce E-Solutions Listing: Grey market premium signals a surge

BUSINESS: Shares of Unicommerce E-Solutions are set to debut on the exchanges on Tuesday, August 13. In anticipation of the listing, investors are closely tracking the grey market premium (GMP) to estimate the estimated listing price. The grey market premium is the difference between the issue price of an IPO and its expected listing price in the unofficial market, reflecting investor sentiment and demand before the stock officially begins trading. As of today, the GMP for Unicommerce E-Solutions’ IPO is ₹65 per share, indicating that the shares are expected to trade ₹65 above their issue price. Based on this GMP and the IPO price, the estimated listing price of the shares is ₹173, representing a 60% premium to the issue price of ₹108 per share. It is important to note that the GMP is only an early indicator of the listing price and should not be used as the sole basis for investment decisions.

IPO Details
The IPO, which was open for subscription from August 6 to August 8, received a great response from all segments of investors. According to Chittorgarh, the retail investor portion was subscribed 130 times, while the non-institutional buyers (NIB) portion was subscribed 252 times. The qualified institutional buyers (QIB) portion was subscribed 138.75 times. Overall, the IPO was subscribed 168 times, raising ₹276.57 crore from the book-built issue, which was entirely an offer for sale (OFS) of 2.56 crore shares. The company offers a comprehensive suite of software solutions designed to streamline e-commerce operations after the buyout. Their offerings include systems for warehouse and inventory management, multi-channel order management, omnichannel retail management, vendor management panel for marketplaces, logistics tracking, courier allocation and payment solutions.