Unicommerce eSolutions Shares End At 94% Premium Over Issue Price

Shares of Unicommerce eSolutions Ltd. ended at Rs 210 apiece on the National Stock Exchange and BSE on Tuesday, a premium of 94.4% over its issue price of Rs 108 per share.

The initial public offering was subscribed 168.35 times on the final day led by the non-institutional investors and qualified institutional investors.

The IPO of the e-commerce enablement SaaS platform consists entirely of an offer for sale of up to 2.56 crore equity shares aggregating Rs 276.6 crore by the selling shareholders.

Unicommerce's suite of SaaS solutions provide end-to-end management of e-commerce operations for brands, retailers, marketplaces and logistics service providers.

The company provides its services to 46 clients in Singapore, the Philippines, Indonesia, the UAE and Saudi Arabia. It also plans to expand their operations by adding more clients.