Unicommerce IPO 168x Subscription on Last Day IPO Sees Massive Demand

Unicommerce eSolutions' IPO closed with overwhelming demand, being subscribed 168 times on the last day of bidding. The public issue, open from August 6 to 8, saw bids for over 237 crore shares against just 1.40 crore available.

The Non-Institutional Investors (NIIs) category led the charge, with a staggering 252x subscription, while retail investors subscribed 131x. The allotment status is expected on August 9, with the shares likely to be listed on NSE and BSE on August 13.

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