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 Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 157.97 | 150.42 | 0.34 | 7.24 | 6.24 |
| 31-Mar-21 | 2786.01 | 171.89 | 7.18 | 2595.32 | 6.24 |
| 31-Mar-22 | 3241.71 | 1054.15 | 54.12 | 2649.44 | 817.54 |
| Amount in ₹ Lakhs |
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 IPO Details
| Pace E-Commerce Ventures IPO Date | Sep 29, 2022 to Oct 4, 2022 |
| Pace E-Commerce Ventures IPO Face Value | ₹10 per share |
| Pace E-Commerce Ventures IPO Price | ₹103 per share |
| Pace E-Commerce Ventures IPO Lot Size | 1200 Shares |
| Issue Size | 6,459,600 shares of ₹10 (aggregating up to ₹66.53 Cr) |
| Fresh Issue | 4,000,000 shares of ₹10 (aggregating up to ₹41.20 Cr) |
| Offer for Sale | 2,459,600 shares of ₹10 (aggregating up to ₹25.33 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Shaival Dharmendra Gandhi is the company promoter. |
Pace E-Commerce Ventures IPO Timeline
Pace E-Commerce Ventures IPO opens on Sep 29, 2022, and closes on Oct 4, 2022. The Pace E-Commerce Ventures IPO bid date is from Sep 29, 2022 10.00 A.M. to Oct 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Pace E-Commerce Ventures IPO Opening Date | Sep 29, 2022 |
| Pace E-Commerce Ventures IPO Closing Date | Oct 4, 2022 |
| Basis of Allotment | Oct 10, 2022 |
| Initiation of Refunds | Oct 11, 2022 |
| Credit of Shares to Demat | Oct 12, 2022 |
| Pace E-Commerce Ventures IPO Listing Date | Oct 13, 2022 |
Pace E-Commerce Ventures IPO Lot Size
The Pace E-Commerce Ventures IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹123,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
Pace E-Commerce Ventures IPO Promoter Holding
| Pre Issue Share Holding | 91.12% |
| Post Issue Share Holding | 65% |
Pace E-Commerce Ventures IPO Prospectus
Company Contact Information
Pace E-Commerce Ventures Limited
Anugrah Bunglow, Street4, Pallod Farms II,
Shambhu Vihar Society, Nankude Vasti,
Aundh, Pune -411045
Phone: +91 85309 99431
Email: compliance@pacesports.in
Website: https://www.cotandcandy.com/
Pace E-Commerce Ventures IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com