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Pune E-Stock Broking IPO is a book build issue of ₹38.23 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹38.23 crore.
Pune E-Stock Broking IPO bidding started from Mar 7, 2024 and ended on Mar 12, 2024. The allotment for Pune E-Stock Broking IPO was finalized on Mar 13, 2024. The shares got listed on BSE SME on Mar 15, 2024.
Pune E-Stock Broking IPO price band is set at ₹83.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,65,600.
Share India Capital Services Pvt.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 Share India Securities Ltd..
Refer to Pune E-Stock Broking IPO RHP for detailed Information.
| IPO Date | March 7, 2024 to March 12, 2024 |
| Listing Date | March 15, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹78 to ₹83 per share |
| Issue Price Final | ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,06,400 shares (aggregating up to ₹38.23 Cr) |
| Reserved for Market Maker | 6,91,200 shares Share India Securities Ltd. (aggregating up to ₹5.74 Cr) |
| Net Offered to Public | 39,15,200 shares (aggregating up to ₹32.50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,10,44,458 shares |
| Share Holding Post Issue | 1,56,50,858 shares |
Pune E-Stock Broking IPO offers total 46,06,400 shares. Out of which 19,55,200 (42.45%) allocated to QIB, 7,82,400 (16.99%) allocated to QIB, 5,88,800 (12.78%) allocated to NII, 13,71,200 (29.77%) allocated to RII and 11,72,800 (25.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 6,91,200 (15.01%) |
| QIB Shares Offered | 19,55,200 (42.45%) |
| − Anchor Investor Shares Offered | 11,72,800 (25.46%) |
| − QIB (Ex. Anchor) Shares Offered | 7,82,400 (16.99%) |
| NII (HNI) Shares Offered | 5,88,800 (12.78%) |
| Retail Shares Offered | 13,71,200 (29.77%) |
| Total Shares Offered | 46,06,400 (100.00%) |
Pune E-Stock Broking IPO raises ₹9.73 crore from anchor investors. Pune E-Stock Broking IPO Anchor bid date is March 6, 2024. Pune E-Stock Broking IPO Anchor Investors list
| Bid Date | March 6, 2024 |
| Shares Offered | 11,72,800 |
| Anchor Portion Size (In Cr.) | 9.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 11, 2024 |
Pune E-Stock Broking IPO opens on March 7, 2024, and closes on March 12, 2024.
| IPO Open Date | Thu, Mar 7, 2024 |
| IPO Close Date | Tue, Mar 12, 2024 |
| Tentative Allotment | Wed, Mar 13, 2024 |
| Initiation of Refunds | Thu, Mar 14, 2024 |
| Credit of Shares to Demat | Thu, Mar 14, 2024 |
| Tentative Listing Date | Fri, Mar 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 12, 2024 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,32,800 |
| Retail (Max) | 1 | 1,600 | ₹1,32,800 |
| HNI (Min) | 2 | 3,200 | ₹2,65,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Pune E-Stock Broking Limited (PESB) is a corporate broking house.
The company offers
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.
As of March 2023, the company had a total of 60,640 customers, including authorized persons (spread across more than 10 cities) and direct customers, and has two branches in Ahmedabad and Delhi.
In FY 2023, the company has 79 employees, including directors and KMP, administrative/managerial staff, and unskilled workers.
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 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 22,224.76 | 15,801.00 | 16,314.24 | 13,288.68 |
| Total Income | 3,010.80 | 4,103.10 | 4,665.70 | 3,474.64 |
| Profit After Tax | 610.67 | 964.52 | 1,012.03 | 650.48 |
| Net Worth | 8,259.66 | 7,654.66 | 6,754.55 | 5,806.65 |
| Reserves and Surplus | 7,155.22 | 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 | ||||
The market capitalization of Pune E-Stock Broking IPO is ₹129.90 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 7.30% |
| ROCE | 8.25% |
| RoNW | 7.39% |
| PAT Margin | 22.90% |
| Price to Book Value | 0.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.73 | 7.04 |
| P/E (x) | 9.5 | 11.79 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company that is currently providing broking services is mulling expansion of its activities by adding more segments to be a financial services provider under one roof. Though it posted inconsistency in its top and bottom lines for FY21 to FY23, its working for H1-FY24 indicates the results of its expansion. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | March 15, 2024 |
| BSE Script Code | 544141 |
| NSE Symbol | |
| ISIN | INE510U01018 |
| Final Issue Price | ₹83 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹83.00 |
| Open | ₹130.00 |
| Low | ₹123.50 |
| High | ₹136.50 |
| Last Trade | ₹133.18 |
Pune E-Stock Broking Ltd.
1198 Shukrawar Peth,
Shubhash Nagar,
Lane No 3,
Pune, Maharashtra, 411002
Phone: +91-020-41000600
Email: info@pesb.co.in
Website: http://www.pesb.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pune E-Stock Broking IPO is a SME IPO of 46,06,400 equity shares of the face value of ₹10 aggregating up to ₹38.23 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600.
The IPO opens on March 7, 2024, and closes on March 12, 2024.
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 Pune E-Stock Broking IPO using UPI as a payment gateway. Zerodha customers can apply in Pune E-Stock Broking IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pune E-Stock Broking IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pune E-Stock Broking IPO opens on March 7, 2024 and closes on March 12, 2024.
Pune E-Stock Broking IPO lot size is 1600, and the minimum amount required for application is ₹1,32,800.
You can apply in Pune E-Stock Broking 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 Pune E-Stock Broking IPO will be done on Wednesday, March 13, 2024, and the allotted shares will be credited to your demat account by Thursday, March 14, 2024. Check the Pune E-Stock Broking IPO allotment status.
The Pune E-Stock Broking IPO listing date is on Friday, March 15, 2024.
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