Unicommerce eSolutions IPO Draws Strong Investor Interest

Unicommerce eSolutions' IPO received a robust response, being subscribed 8.7 times by the end of Day 2. The SaaS platform, which helps manage e-commerce operations, offered shares in the Rs 102-108 price range, with a minimum application of 138 shares. The IPO, aiming to raise Rs 276.57 crore through an offer-for-sale, saw high demand from retail investors (28.01 times) and non-institutional investors (11.64 times). Despite market volatility, the grey market premium surged to Rs 50, indicating a potential 46% listing gain. Analysts recommend subscribing due to the company's strong market position and growth prospects.

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