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Pace E-Commerce Ventures IPO is a fixed price issue of Rs 66.53 crores. The issue is a combination of fresh issue of 40 lakh shares aggregating to Rs 41.20 crores and offer for sale of 24.6 lakh shares aggregating to Rs 25.33 crores.
Pace E-Commerce Ventures IPO bidding started from September 29, 2022 and ended on October 13, 2022. The allotment for Pace E-Commerce Ventures IPO was finalized on Tuesday, October 18, 2022. The shares got listed on BSE SME on October 20, 2022.
Pace E-Commerce Ventures IPO price is ₹103 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹123,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹247,200.
Interactive Financial Services Ltd is the book running lead manager of the Pace E-Commerce Ventures IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹103 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,459,600 shares (aggregating up to ₹66.53 Cr) |
| Fresh Issue | 4,000,000 shares (aggregating up to ₹41.20 Cr) |
| Offer for Sale | 2,459,600 shares of ₹10 (aggregating up to ₹25.33 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 18,533,510 |
| Share holding post issue | 22,533,510 |
| Market Maker portion | 332,400 shares |
Pace E-Commerce Ventures IPO offers 6,459,600 shares. 3,063,600 (47.43%) to NII, 3,063,600 (47.43%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 332,400 (5.15%) |
| Other Shares Offered | 3,063,600 (47.43%) |
| Retail Shares Offered | 3,063,600 (47.43%) |
| Total Shares Offered | 6,459,600 (100%) |
Pace E-Commerce Ventures IPO opens on September 29, 2022, and closes on October 13, 2022.
| IPO Open Date | Thursday, September 29, 2022 |
| IPO Close Date | Thursday, October 13, 2022 |
| Basis of Allotment | Tuesday, October 18, 2022 |
| Initiation of Refunds | Wednesday, October 19, 2022 |
| Credit of Shares to Demat | Thursday, October 20, 2022 |
| Listing Date | Thursday, October 20, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 13, 2022 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
| HNI (Min) | 2 | 2,400 | ₹247,200 |
| Lot Size Calculator | |||
Mr. Shaival Dharmendra Gandhi is the company promoter.
| Share Holding Pre Issue | 91.12% |
| Share Holding Post Issue | 65% |
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 Rs 232.1 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...
The Pace E-Commerce Ventures IPO is subscribed 1.14 times on October 13, 2022 6:57:00 PM. 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) |
|---|---|
| Other | 1.72 |
| Retail | 0.55 |
| Total | 1.14 |
| Listing Date | October 20, 2022 |
| BSE Script Code | 543637 |
| NSE Symbol | |
| ISIN | INE0N1L01018 |
| Final Issue Price | ₹103 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹103.00 |
| ₹104.50 |
| ₹104.50 |
| ₹109.70 |
| ₹109.70 |
Pace E-Commerce Ventures Limited
Anugrah Bunglow, Street4, Pallod Farms II,
Shambhu Vihar Society, Nankude Vasti,
Aundh, Pune -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
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Pace E-Commerce Ventures IPO is a SME IPO of 6,459,600 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 Shares.
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 Shares, and the minimum amount required is ₹123,600.
You can apply in Pace E-Commerce Ventures IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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