Unicommerce Esolutions stock scales fresh high
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Shares of Unicommerce Esolutions Ltd jumped 16% in early trading on Tuesday, scaling a fresh high of Rs 264 per share. It came after a 20% surge in the previous trading session. The e-commerce software company listed on the bourses on August 13 at a hefty premium On the National Stock Exchange (NSE), it listed at Rs 235 per share, more than double its issue price of Rs 108. On August 13, ET reported that the company’s Rs 277-crore initial public offering (IPO) was subscribed nearly 170 times, making it one of the most subscribed issues this year. The IPO was entirely an offer for sale, with no primary capital raised by the company. As of 11 am on Tuesday, the shares were trading 10.35% higher at Rs 251 on the BSE.Established in 2012, Unicommerce Esolutions provides technology solutions for managing various operations, including warehouse and inventory management, order management, omnichannel retail management and seller management for e-...