Unicommerce IPO Oversubscribed with Strong Investor Interest

Unicommerce IPO

Unicommerce eSolutions, supported by SoftBank, saw its IPO subscribed 168.35 times, with retail investors at 130.98x, non-institutional at 252.45x, and QIBs at 138.75x. Grey market trades suggest a Rs 55 premium, hinting at a 50.93% listing gain. Founded in 2012, Unicommerce provides SaaS solutions to top e-commerce brands like Lenskart and Fabindia.