Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹103.00 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). The minimum lot size investment for 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 Date | September 29, 2022 to October 13, 2022 |
| Listing Date | October 20, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹103 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 64,59,600 shares (aggregating up to ₹66.53 Cr) |
| Reserved for Market Maker | 3,32,400 shares Beeline Broking Ltd. (aggregating up to ₹3.42 Cr) |
| Fresh Issue (Ex Market Maker) | 36,67,600 shares (aggregating up to ₹37.78 Cr) |
| Offer for Sale | 24,59,600 shares of ₹10 (aggregating up to ₹25.33 Cr) |
| Net Offered to Public | 61,27,200 shares (aggregating up to ₹63.11 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,85,33,510 shares |
| Share Holding Post Issue | 2,25,33,510 shares |
Pace E-Commerce Ventures IPO offers total 64,59,600 shares. Out of which 30,63,600 (47.43%) allocated to NII, 30,63,600 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,32,400 (5.15%) |
| NII (HNI) Shares Offered | 30,63,600 (47.43%) |
| Retail Shares Offered | 30,63,600 (47.43%) |
| Total Shares Offered | 64,59,600 (100.00%) |
Pace E-Commerce Ventures IPO opens on September 29, 2022, and closes on October 13, 2022.
| IPO Open Date | Thu, Sep 29, 2022 |
| IPO Close Date | Thu, Oct 13, 2022 |
| Tentative Allotment | Tue, Oct 18, 2022 |
| Initiation of Refunds | Wed, Oct 19, 2022 |
| Credit of Shares to Demat | Thu, Oct 20, 2022 |
| Tentative Listing Date | Thu, Oct 20, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 13, 2022 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | |||||
The market capitalization of Pace E-Commerce Ventures IPO is ₹232.10 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 429.16 |
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
[Dilip Davda] PEVL is an online platform for kids’ fashionwear and sports goods, etc. Its financial performance so far is not in line with the asking price. Though eligible for a mainboard IPO, its plans for the SME platform raise eyebrows. Based on FY22 earnings, the issue is exorbitantly priced. Simply avoid this IPO to save your hard-earned money. Read detail review...
| Listing Date | October 20, 2022 |
| BSE Script Code | 543637 |
| NSE Symbol | |
| ISIN | INE0N1L01018 |
| Final Issue Price | ₹103 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹103.00 |
| Open | ₹104.50 |
| Low | ₹104.50 |
| High | ₹109.70 |
| Last Trade | ₹109.70 |
Pace E-Commerce Ventures Ltd.
Anugrah Bunglow, Street4, Pallod Farms II,
Shambhu Vihar Society, Nankude Vasti,
Aundh,
Pune, Maharashtra, 411045
Phone: +91 85309 99431
Email: compliance@pacesports.in
Website: https://www.cotandcandy.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pace E-Commerce Ventures IPO is a SME IPO of 64,59,600 equity shares of the face value of ₹10 aggregating up to ₹66.53 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 1200.
The IPO opens on September 29, 2022, and closes on October 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 September 29, 2022 and closes on October 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 Thursday, October 20, 2022. Check the Pace E-Commerce Ventures IPO allotment status.
The Pace E-Commerce Ventures IPO listing date is on Thursday, October 20, 2022.
Useful Articles
RHP