Unicommerce Esolutions Surges To Remarkable Market Debut
Shares of SoftBank-backed Unicommerce Esolutions Ltd made a dazzling market debut, soaring over 117% above its issue price of Rs 108. The company's valuation now stands at Rs 2,325.77 crore. The IPO was hugely oversubscribed at 168.35 times. Founded in 2012, the firm offers end-to-end e-commerce management solutions.
- Country:
- India
Shares of SoftBank-backed Unicommerce Esolutions Ltd on Tuesday made a dazzling market debut, closing at a premium of over 117% against its issue price of Rs 108.
The stock opened at Rs 230, representing a sharp rise of 112.96% from its issue price on the BSE. It reached a high of Rs 235, registering a remarkable 117.59% rally.
The market valuation of Unicommerce Esolutions Ltd now stands at Rs 2,325.77 crore. The initial public offer of the firm was subscribed a staggering 168.35 times by the close of bidding on Thursday. Priced between Rs 102 and Rs 108 per share, the IPO attracted significant interest.
Founded in 2012, the company provides a suite of SaaS solutions for end-to-end e-commerce management, serving a substantial client base including Lenskart, Fabindia, and Mamaearth, among others.
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