Unicommerce Esolutions IPO opens for subscription. Should you bid?

Unicommerce Esolutions opened its IPO for subscription, presenting an OFS of up to 2.56 crore shares with a price band of Rs 102-108 per share. Analysts recommend this high-priced offering primarily for aggressive investors seeking listing gains. Notably, the company will not receive any proceeds from this IPO as it is entirely an offer for sale.