Unicommerce eSolutions IPO Share Allocation Status: Check Application, Latest GMP and Listing Date

Unicommerce eSolutions is set to finalize the basis of allotment of its shares on Friday, August 9. Bidders will receive messages, alerts or emails regarding the debiting of their funds or the revocation of their IPO mandate over the weekend or latest by Monday, August 12. The Kunal Bahl-backed software-as-a-service (SaaS) company’s IPO has seen a strong response from investors.

Unicommerce eSolutions’ IPO was open for bids between August 6 and 8. The company offered its shares at a fixed price band of Rs 102-108 per share, with a lot size of 138 shares. The company raised a total of Rs 276.57 crore from the IPO, which was an all-offer for sale (OFS) of 2,56,08,512 ordinary shares.

The issue was subscribed a solid 168.39 times in total, driven by pressure from non-institutional investors (NIIs), whose quota was subscribed a whopping 252.48 times. The quota for qualified institutional bidders was subscribed a solid 138.75 times, while the portion reserved for retail investors was subscribed 131.15 times during the three-day bidding process.

Unicommerce eSolutions’ grey market premium (GMP) has been steady following strong investor interest across segments. The company was recently trading at a premium of Rs 55 per share, suggesting a run-up of over 50 per cent for investors. However, it was trading at around Rs 35 when the issue opened for bidding.

Founded in February 2012, Unicommerce eSolutions is a SaaS platform that manages e-commerce operations for brands, merchants, and logistics providers. The company offers a range of software products to help businesses efficiently manage their e-commerce operations post-purchase.

Brokerage firms are mostly positive about the company, suggesting investors to subscribe to it for the long term. They see it as a key beneficiary of the growing e-commerce trend in India, strong product profile, solid financials, positive cash flows, scope for expansion. However, stretched valuations and low entry barriers are the major risks for the company.

IIFL Securities and CLSA India are the lead book-running managers for the Unicommerce eSolutions IPO, while Link Intime India is the registrar of the issue. The company’s shares will be listed on both the BSE and the NSE, with Tuesday, August 13 being the provisional listing date.

Investors who have bid for the Unicommerice eSolutions issue can check the allotment status on the Bombay Stock Exchange (BSE) website:

1) Visit https://www.bseindia.com/investors/appli_check.aspx

2) In the Issue Type field, click Equity

3) In the drop-down box under the issue name, select Unicommerice eSolutions Limited

4) Enter your application number

5) Add PAN Card ID

6) Click “I am not a robot” and press the search button

Investors can also check the allotment status on the online portal of Link Intime India (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar of the issue.

The Registrar is a Sebi registered entity, authorised to act in that capacity and who electronically processes all applications and conducts the allotment process as per the prospectus. It is responsible for meeting the deadlines for updating the electronic share credit for successful applicants, sending and remitting returns and dealing with all post-issue queries from investors.

1) Go to the Link Intime Limited website

2) Select IPO/FPO in the drop down box whose name will be filled only when the allotment is finalized

3) You may be required to select one of the three modes: Application Number, Demat Account Number or PAN ID

4) In Application type, select between ASBA and non-ASBA

5) Enter the details of the mode selected in step 2

6) For security reasons, please fill out the captcha carefully

7) Click “Submit.”

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.