Unicommerce shares turn multibagger in bumper listing. What should investors do?
Unicommerce eSolutions made a spectacular debut on the exchanges on Tuesday, listing at Rs 235 per share, which is a staggering 117% premium over its issue price.
This blockbuster performance far exceeded pre-listing expectations, fueled by the massive oversubscription of 168.35 times and a robust grey market premium (GMP).
Analysts say the company's strong market position as a leading e-commerce enablement SaaS platform, coupled with its proven track record of profitable growth, solidified investor confidence.
«While challenges like competitive pressures and negative cash flows remain, the initial market response highlights the immense potential of Unicommerce eSolutions in the burgeoning e-commerce ecosystem. This exceptional listing underscores the company's strong fundamentals and growth prospects. However, investors are advised to consider some profit booking at this level, and those who want to hold it may keep a stop loss at 210,» said Shivani Nyati, Head of Wealth, Swastika Investmart.
Since the IPO is completely an OFS, the company will not receive any proceeds from the issue.
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Unicommerce eSolutions is an e-commerce enablement Software-as-a-Service (SaaS) platform. 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 marquee clients in India including Lenskart,
