Bookbuilding IPO | ₹38 Cr | Listed at BSE SME | Thu, Mar 7, 2024 - Tue, Mar 12, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,32,800 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 7, 2024
IPO Close
Tue, Mar 12, 2024
Issue Price
₹83 per share
Market Cap (Pre-IPO)
₹129.90 Cr
| IPO Date | 7 to 12 Mar, 2024 |
| Listed on | Fri, Mar 15, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 |
| Issue Price | ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 46,06,400 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 6,91,200 shares Share India Securities Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 39,15,200 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 39,15,200 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 1,10,44,458 shares |
| Share Holding Post Issue | 1,56,50,858 shares |
| BSE Script Code | 544141 |
| ISIN | INE510U01018 |
Pune E-Stock Broking IPO comprises a total issue size of 46,06,400 shares. The net offer to the public is 39,15,200 shares, after excluding 6,91,200 shares allotted on a firm basis. Of the Net offer 19,55,200 (49.94%) are allocated to QIB, 5,88,800 (15.04%) allocated to NII 13,71,200 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 19,55,200 | 49.94% | 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 | 15.04% | 12.78% |
| Retail Shares Offered | 13,71,200 | 35.02% | 29.77% |
| Firm Reservations | |||
| Market Maker Shares Offered | 6,91,200 | 15.01% | |
| Total Shares Offered | 46,06,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Pune E-Stock Broking IPO raises ₹9.73 crore from anchor investors. Pune E-Stock Broking IPO Anchor bid date is March 6, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 6, 2024 |
| Shares Offered | 11,72,800 |
| Anchor Portion (₹ Cr.) | 9.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Apr 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 11, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 222.25 | 158.01 | 163.14 | 132.89 |
| Total Income | 30.11 | 41.03 | 46.66 | 34.75 |
| Profit After Tax | 6.11 | 9.65 | 10.12 | 6.50 |
| NET Worth | 82.60 | 76.55 | 67.55 | 58.07 |
| Reserves and Surplus | 71.55 | 69.18 | 60.18 | 50.70 |
| Total Borrowing | 8.26 | 18.54 | 16.40 | 11.95 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 35.00 |
| 2 | General Corporate Purpose | 0.20 |
| 3 | Public Issue Expenses | 3.03 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 7.30% |
| ROCE | 8.25% |
| RoNW | 7.39% |
| PAT Margin | 22.90% |
| Price to Book Value | 0.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.73 | 7.04 |
| P/E (x) | 9.5 | 11.79 |
| Promoter Holding | 72.75% | 51.34% |
| Market Cap | ₹129.90 Cr. |
The Pune E-Stock Broking IPO is subscribed 371.16 times on March 12, 2024 7:02:00 PM (Day 3). The public issue subscribed 338.92 times in the retail category, 123.02 times in the QIB category, and 775.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 123.02 | 7,82,400 | 9,62,49,600 |
| NII* | 775.99 | 5,88,800 | 45,69,02,400 |
| Retail | 338.92 | 13,71,200 | 46,47,28,000 |
| Total | 371.16 | 27,42,400 | 1,01,78,80,000 |
Total Application : 4,38,216
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Brokerage, selling, commission and upload fees | 0.09 |
| 3 | Registrar to the Issue | 0.05 |
| 4 | Legal Advisors | 0.03 |
| 5 | Regulators including Stock Exchange | 0.08 |
| 6 | Printing and Distribution of issue stationery | 0.01 |
| 7 | Advertising and marketing Expenses | 0.13 |
| 8 | Others fees payable as market making, Underwriter, Processing feesand other miscellaneous expenses | 2.36 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹83.00 |
| Open | ₹130.00 |
| Low | ₹123.50 |
| High | ₹136.50 |
| Last Trade | ₹133.18 |
Lead Manager Reports
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 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Mar 7, 2024, and closes on Tue, Mar 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 Thu, Mar 7, 2024 and closes on Tue, Mar 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 Thu, Mar 14, 2024. Check the Pune E-Stock Broking IPO allotment status.
The Pune E-Stock Broking IPO listing date is on Fri, Mar 15, 2024.
