The stock listed at Rs 230, rising sharply by 112.96% from the issue price on the BSE
New Delhi: Shares of SoftBank-backed Unicommerce Esolutions Ltd on Tuesday made its market debut with a huge premium of over 117% against the issue price of Rs 108.
The stock listed at Rs 230, rising sharply by 112.96% from the issue price on the BSE.
Shares of the firm made its debut at Rs 235, rallying 117.59%.
The company’s market valuation stood at Rs 2,325.77 crore.
The initial public offer of Unicommerce eSolutions got subscribed a whopping 168.35 times on the last day of bidding on Thursday.
The initial share sale had a price band of Rs 102-108 a share.
Founded in 2012, the company’s suite of SaaS solutions enables end-to-end management of e-commerce operations for brands, retailers, marketplaces, and logistics service providers.
It serves a large and growing base of clients in India, including Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, BoAt, Portronics, Pharmeasy, Cello, Urban Company, Mensa, Shiprocket and Xpressbees.
