Unicommerce eSolutions Makes Stellar Market Debut with 118% Premium Listing

- Emcure Pharmaceuticals shares listed at Rs 1,325.05 on NSE, a 31.45% premium over the issue price of Rs 1,008. - The stock also listed at the same price and premium on BSE, aligning with investor expectations. - Ahead of the listing, shares had a grey market premium of Rs 300, indicating a 30% listing pop. - The IPO, open from July 03 to July 05, raised Rs 1,952.03 crore, including a fresh share sale of Rs 800 crore. - The issue was subscribed 67.87 times overall, with QIBs booking 195.83 times, non-institutional investors 48.32 times, retail investors 7.21 times, and employees 8.81 times. Source: Business Today

- Unicommerce, backed by Snapdeal and SoftBank, will open its IPO anchor book on August 5, with listing expected on August 13. - The IPO subscription will be open from August 6 to August 8, with the offer for sale size reduced from 2.98 crore shares to 2.56 crore shares. - Snapdeal plans to sell 94.38 lakh shares, while SoftBank aims to offload 1.61 crore shares in the IPO. - Unicommerce reported a 15.5% revenue increase to Rs 104 crore in FY24, with net profit more than doubling to Rs 13 crore. - The company, which provides SaaS-based e-commerce management solutions, saw a 37% increase in order items processed, reaching 77.2 crore in FY24. Source: Moneycontrol

I remember 2-3 years ago we started to integrate Uniware for our warehouse and order management use cases and we were pissed with the product and the allotted account manager was nonetheless the funniest employee unicommerce could have. For every requirement he either denied us or asked that we have to bear the development costs. To the current day, Opened groww app and randomly saw Unicommerce under IPO section. Was happy and shocked at the same time. Arrange meeting with higher authorities at Unicommerce to congratulate them on this. Tell how was your experience with Unicommerce.

- Shares of kids-focused omnichannel retailer FirstCry made a strong debut on the exchanges today, opening higher than the issue price. - On the NSE, shares of FirstCry’s parent Brainbees Solutions opened at INR 651, at a premium of 40% over its issue price of INR 549. On the BSE, it listed at INR 625, reflecting a 34.4% premium. - FirstCry has set a price range of INR 440 to INR 465 per equity share for the IPO. At the upper end of the band, Brainbees Solutions intends to raise INR 4,193 Cr. - The omnichannel baby and kids marketplace raised INR 1,885.82 Cr from anchor investors at INR 465 per equity share, with participation from major investors like the Government of Singapore and Abu Dhabi Investment Authority. - FirstCry’s market capitalization stands at INR 6,934.74 Cr as of today. Source: [Inc42](https://inc42.com/buzz/firstcry-shares-list-at-40-premium-over-ipo-price-on-debut/)

- IndiQube is in advanced talks to finalize merchant bankers and aims to file its DRHP within three months. - The startup plans to raise INR 1,000 Cr – INR 1,500 Cr from its IPO, mainly through fresh share issuance. - IndiQube posted a profit of INR 60 Cr in FY24 on an operating revenue of around INR 850 Cr. - Founded in 2015, IndiQube offers managed office spaces and counts WestBridge Capital and Helion Ventures among its backers. - The company competes with Awfis and Smartworks, with the latter also filing its DRHP recently. Source: [Inc42](https://inc42.com/buzz/exclusive-coworking-space-provider-indiqube-in-talks-with-bankers-for-inr-1500-cr-ipo/)

There’s no way MamaEarth is worth 10,000 crores, I mean their products are shit, they don’t even manufacture their own products, they don’t have any patents. It’s essentially just a marketing company who have managed to sell mediocre products under the disguise of “toxin-free”. I really wished their IPO would fail 🥲

- Jaipur-based D2C men’s grooming brand Menhood is set to go public with an NSE Emerge listing. - The IPO will open on July 16 and close on July 19, with a price band of INR 71-75 per share. - Menhood aims to raise INR 19.5 Cr at the upper end of the price band, offering 25,95,200 equity shares. - Proceeds will be used to expand product offerings and enhance operational capabilities. - Menhood will be the third new-age startup to list on NSE Emerge this year, following TAC Infosec and Trust Fintech. Source: Inc42