Unicommerce Solutions IPO Exhibits 118% Premium On Listing

The initial public offering (IPO) of Unicommerce Solutions kicked-off the streets with enormous listing gains. The issue price of Rs 108 commanded 118 per cent premium and listed at Rs 235. 
 

The Rs 276.57 crore IPO consisted exclusively of an offer-for-sale (OFS) component with the price band fixed at Rs 102 to 108 per equity share.

During its subscription phase, the issue received bids worth Rs 25,608 crore as the total subscription stood 168.35 times. Retail category and qualified institutions subscribed the issue 130.99 times and 138.75 times respectively. 

Iifl Securities and Clsa India were the book running lead managers and Link Intime India was the registrar to the offer. 

IPO Objectives

Since the issue consists wholly of an OFS component of Rs 276.57 crore, the firm will not receive any capital from the proceeds.

However, the firm will get benefits on listing in the public market which will enhance the brand’s visibility and provide liquidity to the shareholders. 

Firm’s Financials

The firm registered revenue of Rs 109.43 crore in FY24, compared to Rs 92.97 crore in FY23. 

The firm’s profit after tax (PAT) increased to Rs 13.08 crore in FY24 compared to Rs 6.48 crore in FY23. 

Overall, revenue increased by 17.7 per cent, whereas PAT climbed more than 100 per cent.