Unicommerce eSolutions IPO Listing: Analysts Predict 60% Gains as GMP Signals Surge

GMP is at Rs 69, or 63.89 percent signaling a surge.

Unicommerce eSolutions IPO Listing: The initial public offering (IPO) of Unicommerce eSolutions IPO listing date has been confirmed. According to BSE and NSE at 10:00 am on Tuesday, the Unicommerce eSolutions IPO listing date has been fixed for August 13.

As per the market monitor, analysts predict 60 percent gains as its latest GMP is at Rs 69, or 63.89 percent signaling a surge.

On Tuesday, at 10 AM Unicommerce eSolutions shares will be available for the traders. Unicommerce eSolutions shares will be listed on both BSE and NSE. They will be set as B-group securities.

The subscription of the Unicommerce eSolutions IPO was opened from August 6 to August 8 and it received a huge 168.35 times subscription.

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The company received bids for 2,37,11,36,286 shares, which is more than the 1,40,84,681 shares that were on offer. The price band was set to Rs 102-Rs 108 apiece.

In the conversation of Unicommerce eSolutions IPO listing, Prashanth Tapse, Senior VP — Research at Mehta Equities, said, “Considering the strong subscription demand, Unicommerce became the second biggest in terms of subscription so far in 2024 and understanding the market mood,”

“we expect there is a good room for healthy listing gain in the range of ~40% and above against the issue price of ₹108 per share and we continue to recommend allotted investors to hold it for long term.”

Expecting a dream debut for Unicommerce eSolutions shares, "Unicommerce eSolutions Ltd. received a robust response from investors, with the IPO being oversubscribed by an impressive 168.39 times.”

“The company is anticipated to make a strong debut on the stock exchanges tomorrow, potentially listing at a 59% premium over the upper price band," said, Parth Shah, Research Analyst at StoxBox.

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Shivani Nyati, head of wealth, at Swastika Investmart Ltd, said “Unicommerce eSolutions, a leading e-commerce enablement SaaS platform, is set for a strong market entry.”

“The IPO garnered overwhelming investor interest, with a massive subscription of 168.35 times and a robust grey market premium (GMP) currently at ₹69 (63.89%).”

She added, “Despite these factors, the company’s strong fundamentals, coupled with the overwhelming investor response, indicate a potential for a stellar listing.”

The current Grey Market Premium (GMP) for the Unicommerce eSolutions IPO is ₹69 which said to be that the grey market expects the Unicommerce eSolutions IPO listing price to be around ₹177 (₹108 + ₹69).

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