Unicommerce eSolutions Limited started its Initial Public Offering (IPO) today, August 6th, 2024. The company, which helps online businesses manage their sales and deliveries, is looking to raise ₹276.57 crores through this IPO.
The IPO price range is set between ₹102 and ₹108 per share. Investors can apply for a minimum of 138 shares, which means they need to invest at least ₹14,904. The IPO will close on August 8th, 2024.
As of now, the IPO has received a mixed response from investors. While the retail portion has seen good interest, the overall subscription is moderate. The final picture will be clear once the IPO closes.
The Grey Market is where shares are traded unofficially before the IPO. The current Grey Market Premium (GMP) for Unicommerce eSolutions is ₹41. This means that shares are being traded at ₹41 more than the upper price band in the unofficial market.
Should You Apply?
Deciding whether to invest in an IPO can be tricky. Here are some things to consider:
- Company Business: Unicommerce is in a growing sector of e-commerce. It helps businesses manage their online sales and deliveries, which is important for many companies.
- IPO Price: The IPO price is the price at which you will buy the shares. Compare it to the company’s valuation and future growth prospects.
- Financial Health: Check the company’s financial statements to understand its earnings, debts, and overall financial health.
- Market Conditions: The overall stock market is also important. A falling market can impact the performance of new IPOs.
- Investment Horizon: Think about how long you intend to keep the shares. If you are investing for the long term, market fluctuations might not matter as much.
It’s essential to do your own research or consult with a financial advisor before making an investment decision.
Other Important Points
- The company plans to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
- The allotment of shares is expected to happen on August 9th, 2024, and the shares are likely to start trading on August 13th, 2024.