Fixed Price IPO | ₹67 Cr | Listed at BSE SME | Thu, Sep 29, 2022 - Thu, Oct 13, 2022
Pace E-Commerce Ventures IPO is a fixed price issue of ₹66.53 crores. The issue is a combination of fresh issue of 0.40 crore shares aggregating to ₹41.20 crores and offer for sale of 0.25 crore shares aggregating to ₹25.33 crores.
Pace E-Commerce Ventures IPO bidding started from Sep 29, 2022 and ended on Oct 13, 2022. The allotment for Pace E-Commerce Ventures IPO was finalized on Oct 18, 2022. The shares got listed on BSE SME on Oct 20, 2022.
Pace E-Commerce Ventures IPO price is ₹103 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,23,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,47,200.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Pace E-Commerce Ventures IPO RHP for detailed Information.
IPO Open
Thu, Sep 29, 2022
IPO Close
Thu, Oct 13, 2022
Issue Price
₹103 per share
Market Cap (Pre-IPO)
₹232.10 Cr
| IPO Date | 29 Sep to 13 Oct, 2022 |
| Listed on | Thu, Oct 20, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹103 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 64,59,600 shares (agg. up to ₹67 Cr) |
| Reserved for Market Maker | 3,32,400 shares Beeline Broking Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 36,67,600 shares (agg. up to ₹38 Cr) |
| Offer for Sale | 24,59,600 shares of ₹10 (agg. up to ₹25 Cr) |
| Net Offered to Public | 61,27,200 shares (agg. up to ₹63 Cr) |
| Share Holding Pre Issue | 1,85,33,510 shares |
| Share Holding Post Issue | 2,25,33,510 shares |
| BSE Script Code | 543637 |
| ISIN | INE0N1L01018 |
Pace E-Commerce Ventures IPO comprises a total issue size of 64,59,600 shares. The net offer to the public is 61,27,200 shares, after excluding 3,32,400 shares allotted on a firm basis. Of the Net offer 30,63,600 (50.00%) allocated to NII 30,63,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,63,600 | 50.00% | 47.43% |
| Retail Shares Offered | 30,63,600 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,32,400 | 5.15% | |
| Total Shares Offered | 64,59,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,23,600 |
| Retail (Max) | 1 | 1,200 | ₹1,23,600 |
| HNI (Min) | 2 | 2,400 | ₹2,47,200 |
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 :
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 32.42 | 27.86 | 1.58 |
| Total Income | 10.54 | 1.72 | 1.50 |
| Profit After Tax | 0.54 | 0.07 | 0.00 |
| NET Worth | 26.49 | 25.95 | 0.07 |
| Reserves and Surplus | 8.18 | 0.06 | 0.06 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of plant and machineries | 9.74 |
| 2 | Working capital requirement | 12.00 |
| 3 | General Corporate Purpose | 10.00 |
| KPI | |
|---|---|
| ROE | 2.95 |
| ROCE | 2.04 |
| Debt/Equity | 0.14 |
| RoNW | 2.04 |
| PAT Margin | 5.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.30 | |
| P/E (x) | 429.16 | |
| Promoter Holding | 91.12% | 65% |
| Market Cap | ₹232.10 Cr. |
The Pace E-Commerce Ventures IPO is subscribed 1.14 times on October 13, 2022 6:57:00 PM (Day 10). The public issue subscribed 0.55 times in the retail category, [.] times in the QIB category, and 1.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.72 | 30,63,600 | 52,76,400 |
| Retail | 0.55 | 30,63,600 | 16,88,400 |
| Total | 1.14 | 61,27,200 | 69,64,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.24 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹103.00 |
| Open | ₹104.50 |
| Low | ₹104.50 |
| High | ₹109.70 |
| Last Trade | ₹109.70 |
Lead Manager Reports
Pace E-Commerce Ventures IPO is a SME IPO of 64,59,600 equity shares of the face value of ₹10 aggregating up to ₹67 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 29, 2022, and closes on Thu, Oct 13, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Pace E-Commerce Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Pace E-Commerce Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pace E-Commerce Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pace E-Commerce Ventures IPO opens on Thu, Sep 29, 2022 and closes on Thu, Oct 13, 2022.
Pace E-Commerce Ventures IPO lot size is 1200, and the minimum amount required for application is ₹1,23,600.
You can apply in Pace E-Commerce Ventures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pace E-Commerce Ventures IPO will be done on Tuesday, October 18, 2022, and the allotted shares will be credited to your demat account by Thu, Oct 20, 2022. Check the Pace E-Commerce Ventures IPO allotment status.
The Pace E-Commerce Ventures IPO listing date is on Thu, Oct 20, 2022.
