&w=826&resize=826,465&ssl=1 "Unicommerce eSolutions IPO subscribed 12.22 instances on Day 2 of share sale | IPO Information")
Unicommerce eSolutions on Monday stated it has garnered over Rs 124 crore from anchor traders. | Picture: X(@Unicommerce)
The preliminary public provide of SoftBank-backed Unicommerce eSolutions bought subscribed 12.22 instances on Wednesday, the second day of subscription.
The IPO obtained bids for 17,20,68,750 shares in opposition to 1,40,84,681 shares on provide, in response to knowledge obtainable with the NSE.
The portion for Retail Particular person Traders (RIIs) attracted 35.54 instances subscription whereas the quota for non-institutional traders bought subscribed 19.50 instances. The Certified Institutional Patrons (QIBs) half obtained 80 per cent subscription.
The preliminary public providing (IPO) of Unicommerce eSolutions bought totally subscribed inside hours of opening for subscription on Tuesday.
The problem, with a worth band of Rs 102-108 a share, is open for public subscription from August 6-8.
Unicommerce eSolutions on Monday stated it has garnered over Rs 124 crore from anchor traders.
The problem is totally an offer-for-sale (OFS) of as much as 2.56 crore fairness shares valued at Rs 276.6 crore on the higher finish of the value band. Subsequently, all the proceed will go to the promoting shareholders.
Underneath the OFS, SB Funding Holdings (UK) Ltd, an affiliate of Japan’s SoftBank, will offload 1.61 crore shares, and promoter AceVector Restricted (previously often known as Snapdeal Restricted) will promote as much as 94.38 lakh shares.
Based in 2012, the corporate’s suite of SaaS options allows end-to-end administration of e-commerce operations for manufacturers, retailers, marketplaces, and logistics service suppliers.
It serves a big and rising base of purchasers in India, together with Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, Cello, City Firm, Mensa, Shiprocket and Xpressbees.
IIFL Securities and CLSA India are the book-running lead managers to the problem.
Shares of the corporate will likely be listed on BSE and the Nationwide Inventory Change.
(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Aug 07 2024 | 10:13 PM IST
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