Pace E-Commerce Ventures Limited IPO Detail
Incorporated in 2015, Pace E-Commerce Ventures Limited offers children's furniture, bedding, housewares and essentials. The company's product portfolio includes Beds and Cribs, Seating and Lounging, Storage & Organisers, Playroom Furniture, Bins and Baskets, Décor and Accessories, Kids Bedding, Baby Bedding, Baby & Kids Essentials, Dinning Essentials & Homeware, Sports Ride Ons & Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys.
The company owns an e-commerce portal, www.cotandcandy.com offering a large range of products across different categories. The company also started catering to a number of requests for on-demand printing and manufacturing of products for both B2C and B2B Customers.
Pace E-Commerce Ventures Limited acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kids Entertainment Industry.
Competitive Strength :
- Agreements with widely known companies working for kids.
- Founder led management Team
- The company's insights of Indian Consumers and merchants.
Company Promoters
Mr. Shaival Dharmendra GandhiIPO Details
| IPO Opening Date | Sep 29, 2022 |
| IPO Closing Date | Oct 04, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹103 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹66.53 Cr |
| Fresh Issue | ₹41.20 Cr |
| Offer for Sale | ₹25.33 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.02x | 0.02x | 0.02x | |
| Day 2 | - | - | 0.51x | 0.10x | 0.31x | |
| Day 3 | - | - | 0.91x | 0.30x | 0.61x | |
| Day 4 | - | - | 0.92x | 0.33x | 0.63x | |
| Day 5 | - | - | 0.92x | 0.37x | 0.65x | |
| Day 6 | - | - | 0.98x | 0.45x | 0.71x | |
| Day 7 | - | - | 0.99x | 0.46x | 0.72x | |
| Day 8 | - | - | 0.99x | 0.47x | 0.73x | |
| Day 9 | - | - | 1.72x | 0.55x | 1.14x |
IPO Tentative Timetable
The Pace E-Commerce Ventures Limited IPO open date is Sep 29, 2022, and the close date is Oct 04, 2022. The issue may list on Oct 13, 2022.
| IPO Open Date | Sep 29, 2022 |
| IPO Close Date | Oct 04, 2022 |
| Basis of Allotment Date | Oct 10, 2022 |
| Initiation of Refunds | Oct 11, 2022 |
| Credit of Shares to Demat Account | Oct 12, 2022 |
| IPO Listing Date | Oct 13, 2022 |
IPO Lot Size
The Pace E-Commerce Ventures Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹123600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹123600 |
| Maximum | 1 | 1200 | ₹123600 |
IPO Promoter Holding
| Pre Issue Share Holding | 91.12% |
| Post Issue Share Holding | 65% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 157.97 | 150.42 | 0.34 |
| 31-Mar-21 | 2786.01 | 171.89 | 7.18 |
| 31-Mar-22 | 3241.71 | 1054.15 | 54.12 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Acquisition of plant and machineries
2. Working capital requirement
3. General Corporate Purpose
4. Meeting Public Issue Expenses
Pace E-Commerce Ventures Limited IPO Registrar:
Bigshare Services Pvt Ltd
Pace E-Commerce Ventures Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Pace E-Commerce Ventures Limited
Anugrah Bunglow, Street4, Pallod Farms II,
Shambhu Vihar Society, Nankude Vasti,
Aundh, Pune -411045
