Unicommerce eSolutions IPO Stuns Dalal Street with 117% Gains on Listing

Unicommerce eSolutions, a SoftBank-backed e-commerce SaaS company, has made a stellar debut on Indian stock exchanges, generating a 117 percent return for its IPO investors.

This is as the shares of the company listed at ₹235 apiece against the issue price of ₹108. Not only that, but the Gurgaon, Haryana-headquartered company has also made history by becoming the first e-commerce SaaS company in India to get listed. https://publish.twitter.com/?url=https://twitter.com/Unicommerce_/status/1823250604338151649#


Bumper Demand for IPO
The initial public offering of Unicommerce eSolutions was a big hit with investors – it saw an eye-popping subscription of over 168 times by the close of the subscription window on August 8, 2024.

The initial share sale had a price band of ₹102-108 a share.Breaking down the subscription figures, the retail portion of the issue was subscribed 131.15 times, while the Qualified Institutional Buyer (QIB) portion was subscribed 138.75 times. The most aggressive bidding for the shares of Unicommerce eSolutions came from the Non-Institutional Investor (NII) segment, with bids received for 258.48 times the shares on offer.

Unicommerce eSolutions’
JourneyFounded in 2012, the company calls itself "India’s largest e-commerce enablement SaaS platform in transaction processing in terms of revenue." With its suite of solutions, it enables end-to-end management of e-commerce operations for brands, sellers, and logistics service provider firms.

The Clients
Unicommerce eSolutions 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.

The Numbers
According to the data published on the company’s website, its platform has had "790+ million annual transactions run-rate, along with 3500+ ecommerce businesses, 8600+ warehouses managed, and 2700+ stores managed processing orders, as of the quarter ended on March 31, 2024."