Within the first three hours of its opening, retail investors fully subscribed to the initial public offering of e-commerce SaaS platform Unicommerce.
The Unicommerce IPO is slated to take place on August 6–8, with a minimum lot size of 138 shares and a price range of Rs 102–108 per share. A minimum investment of Rs 14,076 is required from investors in order to participate.
The retail portion of the Gurugram-based company’s initial public offering (IPO) has been oversubscribed by 5.58 times as of 3:11 PM on August 6, while non-institutional investors have already taken up 82% of their allocated space.
Yesterday, the SoftBank-backed business gave its anchor investors a share of Rs 124 crore, or $15 million. Key anchor investors for Unicommerce include SBI, ICICI, Morgan Stanley, Nippon, Kotak, Aditya Birla, HDFC, and Franklin India.
With revenue rising from Rs 59 crore in FY22 to Rs 104 crore in FY24, the company has shown significant financial growth over the last two years. Notably, the company’s profit increased by more than two times during that time.
