Unicommerce eSolutions is getting ready to offer its shares to the public for the first time. Here’s a breakdown of what you should understand about the IPO:
Unicommerce eSolutions is a company that helps other businesses sell their products online. They work with many different online stores and platforms to make it easier for sellers to reach customers.
The Unicommerce eSolutions IPO will open for public subscription on Tuesday, August 6, 2024, and will close on Thursday, August 8, 2024.
The company has set the price range for its shares between ₹102 and ₹108 per share. This means you can buy one share for a minimum of ₹102 or a maximum of ₹108.
You can buy a minimum of 138 shares in one lot. So, the minimum amount you need to invest is ₹14,904 (138 shares * ₹108 per share).
The Grey Market Premium (GMP) is the difference between the expected market price and the issue price. It gives an idea of how much demand there is for the shares. Currently, the GMP for Unicommerce eSolutions is around ₹40, which means people are expecting the share price to be ₹148 (₹108 + ₹40) when it starts trading.
Unicommerce eSolutions aims to raise ₹276.57 crore through this IPO.
The allotment of shares to investors is expected to be finalized on August 9, 2024.
The shares of Unicommerce eSolutions are expected to start trading on the stock exchange on August 13, 2024.
Deciding whether to invest in an IPO depends on many factors. It’s important to do your own research and consider factors like the company’s business, financial performance, and market conditions before making a decision.