Unicommerce eSolutions, a company that assists businesses in selling products online, is planning to raise funds through an Initial Public Offering (IPO). This means they’ll be offering shares of their company to the public for the first time. The shares will be priced between ₹102 and ₹108 each.
Unicommerce’s goal is to raise ₹1,964 crore through this IPO. Out of this amount, ₹750 crore will be new funds for the company to use for its growth and expansion. The remaining ₹1,214 crore will be paid to current shareholders who are selling their shares.
Key Dates for the Unicommerce IPO:
- Issue Open Date: August 6
- Issue Close Date: August 8
- Price Band Fixation Date: Already set at ₹102 to ₹108
- Allocation to Anchor Investors: August 5
- Basis of Allotment: August 9
- Refunds Initiation: August 12
- Shares Credited to Demat Accounts: August 12
- Listing Date: August 13
These dates are important for investors. The issue open date is when you can start buying shares, and the issue close date is the last day to buy. The allocation date is when the company decides who gets the shares, and the listing date is when the company’s shares start trading on the stock exchange.
Unicommerce eSolutions specializes in helping businesses, especially those that sell products online, manage their sales, deliveries, and other operations. They provide software and services that make it easier for these businesses to reach customers and sell their products efficiently.
Investing in an IPO is a significant decision. It’s important to do your research or talk to a financial advisor before investing. Look at the company’s financial performance, its business model, and the overall market conditions.
The IPO lot size is 138 equity shares, and you can buy in multiples of 138 shares thereafter. Unicommerce has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional investors (NII), and not more than 10% for retail investors.
Unicommerce eSolutions is entering the market with an IPO, offering a chance for public investment. The company has set its share price between ₹102 and ₹108, aiming to raise ₹1,964 crore. The IPO opens on August 6 and closes on August 8, with shares expected to be listed on August 13.
By understanding these details, potential investors can make informed decisions about participating in the Unicommerce eSolutions IPO.