Unicommerce IPO Sees Massive Demand on Final Day

Unicommerce eSolutions, backed by SoftBank, saw its IPO subscribed 168.35 times on the final day, with retail investors at 130.98x, non-institutional investors at 252.45x, and QIBs at 138.75x. In the grey market, shares are trading at a Rs 55 premium, suggesting a potential 50.93% listing gain. The company, founded in 2012, provides SaaS solutions to major e-commerce players.

125