Pune E-Stock Broking Limited IPO Detail
Incorporated in 2007, Pune E-Stock Broking Limited (PESB) is a corporate broking house.
The company offers
- Client Broking: where users can invest or trade in shares via PESB's platform, receiving real-time quotes, easy execution via mobile app, website or call, the latest market news and updates, and the service of support staff.
- Depository facility: The company also offers a depository facility to Equity trading clients as part of an integrated service offering through CDSL. The company has a client base of 23,155 active clients in its Depository.
- Mutual funds: The company offers various mutual fund investment options in equity, debt, and hybrid funds.
- Corporate Deposits: Investors can make corporate deposits directly through the company's website or use the convenience of online investment platforms or brokers to facilitate their investments.
- Currency trading services: The company offers foreign exchange trading through multiple trading channels, creating unique investment opportunities and limitless creativity for hedging, speculation, and portfolio diversification.
The company offers its services via its web-based trading platform Aero and its mobile trading app. Users can manage their investments, keep up to date with market trends and make trades on the go.
In FY 2023, the company has 79 employees, including directors and KMP, administrative/managerial staff and unskilled workers.
Company Promoters
Mr. Vrajesh Krishnakumar Shah, Mr. Devendra Ramchandra Ghodnadikar, Mr. Vrajesh Navnitbhai Shah, Mr. Sandip Sunderlal Shah, and Mr. Paresh Sunderlal ShahIPO Details
| IPO Opening Date | Mar 07, 2024 |
| IPO Closing Date | Mar 12, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹78 - 83 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹38.23 Cr |
| Fresh Issue | ₹38.23 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 7.05x | 0.00x | 0.00x | 8.86x | 18.36x | 13.09x |
| Day 2 | 7.82x | 0.00x | 0.00x | 58.11x | 102.18x | 65.80x |
| Day 3 | 123.02x | 0.00x | 0.00x | 775.99x | 338.92x | 371.16x |
IPO Tentative Timetable
The Pune E-Stock Broking Limited IPO open date is Mar 07, 2024, and the close date is Mar 12, 2024. The issue may list on Mar 15, 2024.
| IPO Open Date | Mar 07, 2024 |
| IPO Close Date | Mar 12, 2024 |
| Basis of Allotment Date | Mar 13, 2024 |
| Initiation of Refunds | Mar 14, 2024 |
| Credit of Shares to Demat Account | Mar 14, 2024 |
| IPO Listing Date | Mar 15, 2024 |
IPO Lot Size
The Pune E-Stock Broking Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹132800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹132800 |
| Maximum | 1 | 1600 | ₹132800 |
IPO Promoter Holding
| Pre Issue Share Holding | 72.75% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 13288.68 | 3474.64 | 650.48 |
| 31-Mar-22 | 16314.24 | 4665.70 | 1012.03 |
| 31-Mar-23 | 15801.00 | 4103.10 | 964.52 |
| 30-Jun-23 | 20488.01 | 1159.29 | 275.38 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet working capital requirements; and
- General Corporate Purpose.
Pune E-Stock Broking Limited IPO Registrar:
Bigshare Services Pvt Ltd
Pune E-Stock Broking Limited IPO Lead Manager(s):
Share India Capital Services Private Limited
Company Contact Information:
Pune E-Stock Broking Limited
1198 Shukrawar Peth,
Shubhash Nagar, Lane No 3,
Pune – 411002
