Pune E-Stock Broking IPO is a book built issue of Rs 38.23 crores. The issue is entirely a fresh issue of 46.06 lakh shares.
Pune E-Stock Broking IPO opens for subscription on March 7, 2024 and closes on March 12, 2024. The allotment for the Pune E-Stock Broking IPO is expected to be finalized on Wednesday, March 13, 2024. Pune E-Stock Broking IPO will list on BSE SME with tentative listing date fixed as Friday, March 15, 2024.
Pune E-Stock Broking IPO price band is set at ₹78 to ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹265,600.
Pune E-Stock Broking IPO Details
| IPO Date | March 7, 2024 to March 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,606,400 shares (aggregating up to ₹38.23 Cr) |
| Fresh Issue | 4,606,400 shares (aggregating up to ₹38.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,044,458 |
| Share holding post issue | 15,650,858 |
| Market Maker portion | 691,200 shares Share India Securities |
Pune E-Stock Broking IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Pune E-Stock Broking IPO Timeline (Tentative Schedule)
Pune E-Stock Broking IPO opens on March 7, 2024, and closes on March 12, 2024.
| IPO Open Date | Thursday, March 7, 2024 |
| IPO Close Date | Tuesday, March 12, 2024 |
| Basis of Allotment | Wednesday, March 13, 2024 |
| Initiation of Refunds | Thursday, March 14, 2024 |
| Credit of Shares to Demat | Thursday, March 14, 2024 |
| Listing Date | Friday, March 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 12, 2024 |
Pune E-Stock Broking IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹132,800 |
| Retail (Max) | 1 | 1600 | ₹132,800 |
| HNI (Min) | 2 | 3,200 | ₹265,600 |
| Lot Size Calculator | |||
Pune E-Stock Broking IPO Promoter Holding
Mr. Vrajesh Krishnakumar Shah, Mr. Devendra Ramchandra Ghodnadikar, Mr. Vrajesh Navnitbhai Shah, Mr. Sandip Sunderlal Shah, and Mr. Paresh Sunderlal Shah are the promoters of the company.
| Share Holding Pre Issue | 72.75% |
| Share Holding Post Issue |
About Pune E-Stock Broking Limited
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.
Pune E – Stock Broking Limited Financial Information (Restated Consolidated)
Pune E – Stock Broking Limited’s revenue decreased by -12.06% and profit after tax (PAT) dropped by -4.69% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 20,488.01 | 15,801.00 | 16,314.24 | 13,288.68 |
| Revenue | 1,159.29 | 4,103.10 | 4,665.70 | 3,474.64 |
| Profit After Tax | 275.38 | 964.52 | 1,012.03 | 650.48 |
| Net Worth | 7,923.28 | 7,654.66 | 6,754.55 | 5,806.65 |
| Reserves and Surplus | 7,186.99 | 6,918.36 | 6,018.26 | 5,070.35 |
| Total Borrowing | 826.19 | 1,853.74 | 1,640.17 | 1,195.00 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Pune E-Stock Broking IPO is Rs 129.9 Cr.
| KPI | Values |
|---|---|
| ROE | 3.36% |
| ROCE | 4.16% |
| RoNW | 3.48% |
| P/BV | 0.77 |
Check Pune E-Stock Broking IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.73 | 7.04 |
| P/E (x) | 9.5 | 11.79 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2023 that is available in RHP.
Objects of the Issue (Pune E-Stock Broking IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Pune E-Stock Broking Limited Contact Details
Pune E-Stock Broking Limited
1198 Shukrawar Peth,
Shubhash Nagar, Lane No 3,
Pune – 411002
Phone: +91-020-41000600
Email: info@pesb.co.in
Website: http://www.pesb.co.in/
Pune E-Stock Broking IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html