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Unicommerce eSolutions Limited IPO Message Board (Page 9)

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23. MuStrFc |   Link |  Bookmark | August 7, 2024 6:01:21 PM
IPO Guru IPO Guru (2900+ Posts, 2300+ Likes)
An E-Commerce enabler. From order, warehousing, shipping, tracking, inventory reconciliation etc. does everything for the players. Good positive cash reserves. Anchor book has good names, including domestic mutual funds but not much aggresive ones are visible there.

Marketed as SaaS player, so commands premium as per that. Paragon, Lenskart, Boat, Mamaearth, Pharmeasy, Cello, Emami etc are all its clients. Yet to export majorly which is part of their expansion plans.

Complete OFS issue, though dilution appears only to meet SEBI guidelines. Being a tech enabler, revenue growth is not that great YoY and around 16%, but PAT is doubled courtesy of leverage of tech biz.

The pricing, around 84 P/E and even at Mkt Cap to Sales is around 11x appears too steep. Around 7-9x Mkt Cap to Sales would have still been reasonable to leave more on the table. Issue size is small so chances are there in short term it gets treated as a big SME.
23.1. UjwalG |   Link |  Bookmark | August 8, 2024 11:53:36 AM
IPO Guru IPO Guru (1300+ Posts, 600+ Likes)
Good work. I Didnt even looked at rhp due to small size of issue as it will be close to impossible to get hands on the lot and also the price would be liquidity driven after listing
22. M Gupta |   Link |  Bookmark | August 7, 2024 11:57:57 AM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
Profit only 13 crores
Market cap expected (at ipo price) 1100 crores

I think lead managers have filed papers in mainboard by mistake, Actually they were planning to go for an SME IPO ( Ek Zero jyaada laga diya) fun intended

I am unable to understand, what kind of valuation Lead Managers are expecting, that too in current situation.
22.1. M Gupta |   Link |  Bookmark | August 7, 2024 4:04:39 PM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
Further, The Company had a turnover of only 93 Crores (Profit only 6 crores) in 2023 and turnover only 110 crores (Profit 13 crores) in 2024. The increase in profit before IPO looks fishy.

Its high time, we should do proper study before applying and not go by GMPs alone.
22.2. Jay Vagheshwari Maa |   Link |  Bookmark | August 7, 2024 5:15:32 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
@M Gupta Your observations do make sense. But IPO market has been at euphoric levels that yaha Ghoda, Gadha aur Langda sab ek sath dodte hain 😂😂. Maze ki baat ye hai ki kabhi kabhi Langda first aata hai ( = more listing gain ). Enjoy till it lasts.
21. RAJESH NAGARIA |   Link |  Bookmark | August 7, 2024 4:48:51 PM (200+ Posts)
Applied 6 bhni and 1 shni in Unicommerce eSolutions.
20. Naughty ipo |   Link |  Bookmark | August 7, 2024 4:35:21 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Gmp flying 🔥 📛
19. Jay Vagheshwari Maa |   Link |  Bookmark | August 7, 2024 2:29:53 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
@MuStrFc , @Chhote Lal I have 5 accounts. I have funds to apply 3 bHNIs.

Should I apply 2 bHNI 3 retail Firstcry & 5 sHNI in Unicommerce OR

3 bHNIs 2 retail in Firstcry & 5 retail in Unicommerce ??

Allotment chance in Unicommerce is less as compared to Firstcry. GMP is more in Unicommerce.

Help for anyone is welcome. Thank you.
19.2. Chhote Lal |   Link |  Bookmark | August 7, 2024 3:40:55 PM
IPO Mentor IPO Mentor (5800+ Posts, 4100+ Likes)
@Jay Vagheshwari Maa In your place, I would have applied max HNIs in Brainbees and some retail in Unicommerce. Having said that, kindly check overall subscription on last day and also take into account your own analysis apart from GMP and QIB numbers to take final call.
All the Best !
19.3. Jay Vagheshwari Maa |   Link |  Bookmark | August 7, 2024 4:26:47 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
Yes @Chhote Lal will apply at 2:45 HDFC BANK and 3:15 AXIS BANK. Will look at QIB numbers closely. Don't want to skip these. @MuStrFc My intention is listing gain only as many of us do have here. Thank you to both of you. God bless you ( Bhagwan aapka bhala kare ) ...🙏🙏.
18. rithesh |   Link |  Bookmark | August 7, 2024 1:03:58 PM
hi
i am new to applying ipos
i have applied 8 ipos appoved , but not alloted
i have 2 demat account and apply through one demat account regularly
now i have closed 1 demat account another one is active
can i get alloments now
18.2. Paymzia |   Link |  Bookmark | August 7, 2024 1:15:06 PM
IPO Guru IPO Guru (2700+ Posts, 4700+ Likes)
For improve IPOs allotmemts. Open acounts with family members and friends and apply
You will get allotment .
18.3. Chhote Lal |   Link |  Bookmark | August 7, 2024 3:44:22 PM
IPO Mentor IPO Mentor (5800+ Posts, 4100+ Likes)
One should keep applying as per interest and own risk/reward, you never know which day will be your lucky day (though allotments usually are declared late night ;) by most RTAs)
17. SHREEHARI |   Link |  Bookmark | August 7, 2024 1:51:10 PM
Any one facing Axis bank net banking ASBA application PAN error
17.4. Senthils |   Link |  Bookmark | August 8, 2024 11:16:48 AM
@SHREEHARI I am also facing problem
17.5. Senthils |   Link |  Bookmark | August 8, 2024 11:19:54 AM
Now Working
16. Jeon Jungkook |   Link |  Bookmark | August 7, 2024 2:09:30 PM (200+ Posts)
Waiting for @MuStrFc Sir, to post their analysis on this issue !! 🙂🙂
15. Kingpin |   Link |  Bookmark | August 7, 2024 1:26:13 PM
Applied 3 Retail
14. IPOgain Investor |   Link |  Bookmark | August 7, 2024 10:01:01 AM
Unicom or FC ? which one has more possibilitiy of allotment, For me 5% GMP also ok. please advise.
14.1. Chhote Lal |   Link |  Bookmark | August 7, 2024 10:09:48 AM
IPO Mentor IPO Mentor (5800+ Posts, 4100+ Likes)
Unicommerce is small sized issue compared to FirstCry and will get oversubscribed more times than the later. However, it is more of luck that matters in allotment through lottery.
Please evaluate risk/rewards before applying.
For gains like 5%, opportunities in even secondary market may be tried.
13. Simran Gupta |   Link |  Bookmark | August 6, 2024 9:14:42 PM
Hii, i am new here and also very new begineer in share market.
which stock should I buy tommorow, can anyone please help me.
13.2. KKP |   Link |  Bookmark | August 7, 2024 11:49:29 AM
BUY TCS OR INFOSYS
13.3. Chhote Lal |   Link |  Bookmark | August 7, 2024 3:53:41 PM
IPO Mentor IPO Mentor (5800+ Posts, 4100+ Likes)
@Simran Gupta Welcome to the wonderful world of IPOs and Secondary Market ! I do not wish to discourage you, but do not borrow conviction. Do your own study and take informed decisions. You may encounter few stumbling blocks initially and perhaps later on too but it is not that difficult to plan and reach your goals. All the Best !

@Ramachandra @KKP It is prohibited by SEBI (and by this forum too) to give specific recommendations or tips unless you are SEBI registered. A humble request to both of you to refrain from such a thing.
12. chIPOrgarh |   Link |  Bookmark | August 6, 2024 10:44:11 AM (300+ Posts)
retail already crossed 2x!!!
11. MuStrFc |   Link |  Bookmark | August 5, 2024 9:00:11 PM
IPO Guru IPO Guru (2900+ Posts, 2300+ Likes)
Anchor Allocation : All domestic partners get the cut. Foreign funds have other problems it seems, puts more emphasis that the IPO pricing is done at premium again

11.2. MuStrFc |   Link |  Bookmark | August 6, 2024 12:17:49 PM
IPO Guru IPO Guru (2900+ Posts, 2300+ Likes)
What i meant to say there was majority of the allocation is taken by domestic partners and no aggressive foreign fund is visible. Even though the sector of SaaS in which this company is a sector in flavour but due to the valuations and IPO pricing i see lack of foreign funds. Which also suggests that there might be lack of price appreciation in short term and its more of a medium-long term bet. That's my personal view of it

Awaiting your insights !! @Chhote Lal
11.3. Chhote Lal |   Link |  Bookmark | August 6, 2024 12:48:25 PM
IPO Mentor IPO Mentor (5800+ Posts, 4100+ Likes)
@MuStrFc It's relatively a small issue and foreign funds stayed away, however domestic anchors have participated on getting any cut can not be verified. Response to this ipo and its listing will tell whether pricing was appropriate. Let's keep a keen watch.
10. abc xyz |   Link |  Bookmark | August 5, 2024 7:32:34 AM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Is it Black ⚫ Monday?
Big fall expected.
Market will give good opportunity for earning. Going to pick solid fundamental stocks if available at lower valuation. Let's see.
10.6. Vimal Garodia |   Link |  Bookmark | August 11, 2024 9:51:43 PM
IPO Guru IPO Guru (3400+ Posts, 3800+ Likes)
There could be some knee jerk reaction but it should not last long, maybe a day or two!! 😊😊
10.7. Vimal Garodia |   Link |  Bookmark | August 12, 2024 10:39:06 AM
IPO Guru IPO Guru (3400+ Posts, 3800+ Likes)
Thankfully, there was no severe reaction except for Adani stocks..🙏🙏
9. Down to Earth but still above you |   Link |  Bookmark | August 4, 2024 9:32:15 PM
What a Chirkut ipo
8. parmod gupta |   Link |  Bookmark | August 2, 2024 10:50:07 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
GMP Today

12.5 - Ola - 16%
79 - Ceigall - 20%
97 - Firstcry - 21%
30 - Unicommerce - 28%
142 - Akum Drugs - 21%
7. chIPOrgarh |   Link |  Bookmark | August 1, 2024 7:48:30 AM (300+ Posts)
Why 10% in retail? Is it because promoter is loss making Snapdeal?
7.1. Chhote Lal |   Link |  Bookmark | August 1, 2024 9:53:27 AM
IPO Mentor IPO Mentor (5800+ Posts, 4100+ Likes)
For mainboard IPOs, there is one more rule that states : The company should have an average operating profit (before tax) of at least Rs 15 crore in any of the three years out of the last five years.
Since, this condition is not met here, retail portion is restricted to 10% in place of usual 35%
7.2. Harsh Newguru |   Link |  Bookmark | August 1, 2024 12:06:02 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Bhai 100 cr se jyada revenue chaiye. Phir ihne 15cr se jyada profit chaiye. Loss to chaiye hi nhi. Phir aur 2 4 rule aa jate hai.

6. Ishq With Risk |   Link |  Bookmark | August 1, 2024 6:40:32 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Unicommerce Esolutions IPO

Date : 06 Aug - 08 Aug 2024
Face Value: ₹1
Price : ₹102 - ₹108
Lot Size: 138 Shares
Retail: 10%
5. BIGBULL GA |   Link |  Bookmark | July 31, 2024 6:20:35 PM
Snapdeal has snapped its ties with consumers and going slow , low visibility in market place...this is fully OFS so no new funds for expansion or future plans...in future best case scenario looks like this will get snapped up by biggies to consolidate competitors.
4. abc xyz |   Link |  Bookmark | July 31, 2024 4:12:15 PM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Tomorrow Zomato will announce it's Q1 results. Zomato have considerably increased it's platform fee & other charges too. One may expect good results of Zomato. If Blinkit supports Zomato then Zomato will be in top Gear. Let's see tomorrow where Zomato goes.
4.10. abc xyz |   Link |  Bookmark | August 6, 2024 9:10:26 AM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
Good Day 😊
Zomato in pre opening @265+
Enjoy
4.11. Chhote Lal |   Link |  Bookmark | August 7, 2024 10:05:15 AM
IPO Mentor IPO Mentor (5800+ Posts, 4100+ Likes)
There are few more reasons attributing to increase in profitability of companies like Swiggy and Zomato :
- Escalated Platform Fee
- Reduced distance for free delivery non-applicability
- Surge Fee if orders are more than avg or delivery partners are not available
- Differential pricing (e.g. Idli-vada from same restaurant costs more in one platform compared to the other, also if you order it as set of 2 idlis and 1 vada, price is different than when ordered as one one each of same set constituent)

- Rain Cess if its raining or weather prediction says its going to rain 🙄🤔

New age companies definitely have some new age tricks to extract more money from its customers 😜