Unicommerce and FirstCry, two prominent players in the Indian e-commerce landscape, made a spectacular entry into the stock market on August 13, 2024. Both companies witnessed a surge in their share prices, far exceeding market expectations.
Unicommerce: A Tech-Enabled Supply Chain Solution Provider
Unicommerce, a leading provider of tech-enabled supply chain solutions for e-commerce businesses, saw its shares skyrocket by a whopping 118% on its debut. The company’s strong market position, growing client base, and robust business model were key factors driving investor enthusiasm.
Current Unicommerce Share Price after listing
Listing Price on NSE: ₹235 per share
Listing Price on BSE: ₹230 per share
Listing Premium on NSE: 117.59%
Listing Premium on BSE: 112.96%
Listing Day High: ₹275 per share (NSE)
Listing Day Low: ₹230 per share (NSE)
Key highlights of Unicommerce’s IPO:
- Massive oversubscription
- Strong grey market premium
- Stellar listing performance
FirstCry: India’s Largest Online Platform for Baby and Childcare Products
FirstCry, the parent company of Brainbees Solutions, also made a strong debut, with its shares listing at a premium of 40% over the IPO price. The company’s dominant market position in the baby and childcare products segment, coupled with its expansion plans, attracted significant investor interest.
Current FirstCry Share Price after listing
FirstCry IPO Listing Price
- NSE: Rs 651
- BSE: Rs 625
FirstCry IPO Listing Premium
- NSE: 40%
- BSE: 34.4%
FirstCry IPO Listing Day High
- NSE: Rs 707.70
- BSE: Rs 707.05
Key highlights of FirstCry’s IPO:
- Over 12 times subscription
- Strong market leader in baby and childcare products.
- Focus on expanding retail footprint and digital initiatives.
Investor Sentiment and Market Impact
The strong performance of both Unicommerce and FirstCry has boosted investor sentiment towards the e-commerce and technology sectors in India. It also highlights the growing potential of the Indian consumer market.
While the initial listing gains have been impressive, investors should adopt a long-term perspective and carefully analyze the companies’ fundamentals before making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.
