Unicommerce eSolutions IPO
Unicommerce eSolutions Limited (UNIECOM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 13 August 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +85.9% (likely range +32% to +134%), day's high +94.2%, chance of a gain 97%. Actual: +117.6% at the open, +137.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 76,82,554 | 1,06,59,67,062 | 139x | |
| NII (HNI) total | 38,41,276 | 96,98,47,854 | 252x | |
| Big NII (above ₹10 lakh) | 25,60,851 | 68,24,53,884 | 266x | |
| Small NII (₹2-10 lakh) | 12,80,425 | 28,73,93,970 | 224x | |
| Retail | 25,60,851 | 33,58,44,252 | 131x | |
| Total | 1,40,84,681 | 2,37,16,59,168 | 168x |
Bids on NSE and BSE together, as published by NSE, as of 08 Aug 2024, 07:00 PM. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Unicommerce eSolutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| BLS E- ServicesFeb 2024 | 123x | 300x | 237x | 162x | ₹311 Cr | +125.9% | +171.1% |
| Exicom TelesystemsFeb 2024 | 122x | 153x | 120x | 130x | ₹480 Cr | +86.6% | +93.3% |
| Nazara TechnologiesMar 2021 | 104x | 390x | 75.3x | 175x | ₹583 Cr | +80.7% | +83.9% |
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Securities | 94 | +19.3% | 71% |
| CLSA India | 10 | +23.5% | 70% |
Offer documents (NSE)
Frequently asked
What is the Unicommerce eSolutions IPO price band and lot size? ₹102–108 per share, with a lot of 138 shares, so the smallest retail bid is ₹14,904.
How many times has it been subscribed? 168x overall: QIB 139x, NII 252x, retail 131x.
How did it list? It opened at ₹235, +117.6% against the issue price of ₹108, and closed its first day +94.5%.
