28-Feb-2024
2 mins read
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The initial public offering (IPO) for Pune E-Stock Broking is announced as a book-built issue, aiming to raise Rs 38.23 crore through the issuance of 46.06 lakh new shares. The subscription window for this IPO is scheduled to open on March 7, 2024, and will close on March 12, 2024. The process of share allotment is expected to be completed by March 13, 2024, with the company planning to make its debut on the BSE SME platform on March 15, 2024.
The price range for the IPO is set between Rs 78 and Rs 83 for each share. Investors need to buy a minimum of 1600 shares to participate, which translates to a minimum investment of Rs 132,800 for retail investors. High-net-worth individuals (HNIs) are required to invest in at least 2 lots or 3,200 shares, making the minimum investment Rs 265,600.
Share India Capital Services Private Limited has been appointed as the lead manager for the IPO, and Bigshare Services Pvt Ltd will serve as the issue’s registrar. Share India Securities has been designated as the market maker for the IPO of Pune E-Stock Broking.
Pune E-Stock Broking Limited Product Portfolio
Founded in 2007, Pune E-Stock Broking Limited (PESB) operates as a corporate brokerage firm. The company provides a range of services, including client broking, allowing investors to buy or sell shares through PESB’s platforms. These platforms offer real-time stock quotes and streamlined execution through a mobile app, website, or telephone, along with access to the latest market insights and dedicated customer support. Additionally, PESB extends a depository service to its equity trading clients, utilising CDSL to offer a comprehensive solution. The firm boasts a depository client base of 23,155 active accounts.
PESB also facilitates investments in mutual funds, covering equity, debt, and hybrid funds, and provides opportunities for corporate deposits, which can be made directly via the company’s website or through online investment platforms and brokers. Furthermore, the company engages in currency trading, offering a versatile avenue for investment, hedging, speculation, and diversification through various trading channels.
The company’s trading services are accessible via its Aero web-based platform and a mobile application, enabling investors to manage their portfolios, stay informed on market trends, and execute trades conveniently. As of the fiscal year 2023, PESB employs 79 staff members across various roles, including directors, key management personnel, administrative and managerial staff, and unskilled labor.
Objectives of the Pune E-Stock Broking Limited IPO 2024
The company plans to allocate the net proceeds from the offering to address specific financial needs. These include providing for the working capital necessities that will support its day-to-day operations. Additionally, a portion of the funds will be dedicated to general corporate purposes, aiming to bolster the company’s overall business operations and strategic initiatives.
Financial Information Pune E-Stock Broking Limited (In Rs Crore)
Between the fiscal years ending March 31, 2022, and March 31, 2023, Pune E – Stock Broking Limited experienced a revenue decline of 12.06% and a decrease in its profit after tax (PAT) of 4.69%.
| Period Ended | 30-Jun-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 |
Important Details of Pune E-Stock Broking IPO 2024
| IPO Date | March 7, 2024 to March 12, 2024 |
| Listing Date | Yet to be announced |
| Face Value | Rs 10 per share |
| Price Band | Rs 78 to Rs 83 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,606,400 shares |
| (aggregating up to Rs 38.23 Cr) | |
| Fresh Issue | 4,606,400 shares |
| (aggregating up to Rs 38.23 Cr) | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 11,044,458 |
| Shareholding post issue | 15,650,858 |
| Market Maker portion | 691,200 shares |
| Share India Securities |
Timeline of Pune E-Stock Broking IPO 2024
The initial public offering (IPO) for Pune E-Stock Broking is scheduled to commence on March 7, 2024, and will conclude 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 |
Lot Size of Pune E-Stock Broking IPO 2024
Investors are required to place bids for at least 1600 shares, with the option to increase their bid in multiples of this amount. The table provided outlines the minimum and maximum investment amounts for both retail investors and high-net-worth individuals (HNIs), detailing the quantities of shares and the corresponding monetary values.
| Application | Lots | Shares | Amount (In Rs) |
| Retail (Min) | 1 | 1600 | 132,800 |
| Retail (Max) | 1 | 1600 | 132,800 |
| HNI (Min) | 2 | 3,200 | 265,600 |
IPO Reservation of Pune E-Stock Broking IPO 2024
| 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 |
Promoters of Pune E-Stock Broking IPO 2024
The promoters of the company are Vrajesh Krishnakumar Shah, Devendra Ramchandra Ghodnadikar, Vrajesh Navnitbhai Shah, Sandip Sunderlal Shah, and Paresh Sunderlal Shah are the promoters of the company.
Promoter Holdings of Pune E-Stock Broking IPO 2024
| Shareholding Pre Issue | 72.75% |
| Shareholding Post Issue |
Key Performance Indicator of Pune E-Stock Broking IPO 2024
The market capitalisation 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 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.73 | 7.04 |
| P/E (x) | 9.5 | 11.79 |
Lead Manager(s) of Pune E-Stock Broking IPO 2024
The lead manager for Pune E-Stock Broking IPO 2024 is Share India Capital Services Private Limited.
How to Apply for Pune E-Stock Broking IPO 2024
Wait for the public issue to open for subscription, then click here to apply for the Pune E-Stock Broking IPO 2024 with Bigul.
How to Check Allotment Status of Pune E-Stock Broking IPO 2024
The registrar for Pune E-Stock Broking IPO 2024 is Bigshare Services Pvt Ltd. To check your allotment status, please click here.
FAQs
- What is the opening date for the Pune E-Stock Broking IPO?
The IPO for Pune E-Stock Broking opens on March 7, 2024.
- What is the closing date for the Pune E-Stock Broking IPO?
The IPO closes on March 12, 2024.
- What is the price band for the Pune E-Stock Broking IPO?
The price band for the IPO is set between Rs 78 and Rs 83 per share.
- What is the lot size for the IPO?
The minimum lot size for the IPO is 1600 shares.
- How can I apply for the Pune E-Stock Broking IPO?
You can apply for the IPO through online brokerage platforms or financial institutions that are participating in the IPO when it opens for subscription.
- How will the proceeds from the IPO be used?
The net proceeds from the IPO will be utilised towards meeting working capital requirements and for general corporate purposes.
- What are the key services offered by Pune E-Stock Broking Limited?
Pune E-Stock Broking Limited offers client broking, depository services, mutual fund investments, corporate deposits, and currency trading services.
- How can I check the allotment status for Pune E-Stock Broking IPO?
The registrar for Pune E-Stock Broking IPO 2024 is Bigshare Services Pvt Ltd. To check your allotment status, please click here.
- Who are the promoters of the Pune E-Stock Broking IPO?
The promoters of the IPO are Vrajesh Krishnakumar Shah, Devendra Ramchandra Ghodnadikar, Vrajesh Navnitbhai Shah, Sandip Sunderlal Shah, and Paresh Sunderlal Shah.
- What is the expected listing date for the Pune E-Stock Broking IPO?
The company is expected to make its debut on the BSE SME platform on March 15, 2024.
- How has Pune E-Stock Broking Limited performed financially in recent years?
Between the fiscal years ending March 31, 2022, and March 31, 2023, the company experienced a revenue decline of 12.06% and a decrease in profit after tax (PAT) of 4.69%.
- Who is the lead manager for the Pune E-Stock Broking IPO?
Share India Capital Services Private Limited is the lead manager for the IPO.
- What are the minimum and maximum investment amounts for retail investors and HNIs?
For retail investors, the minimum and maximum investment amount is Rs 132,800 for 1600 shares. For HNIs, the minimum investment is Rs 265,600 for 3,200 shares.
- How can investors bid for the IPO?
Investors can bid for the IPO in multiples of the minimum lot size of 1600 shares.