The Pune E-Stock Broking IPO date has been confirmed from March 7, 2024 and closes on March 12, 2024. Read the post to learn about Pune E-Stock Broking IPO GMP.
An IPO at a fixed price of Rs 38.23 crores is being launched by Pune E-Stock Broking Developers. The price range per share is set at ₹78 to ₹83. Applications must include a minimum of 1600 shares. To start investing, retail investors need at least ₹132,800. HNI investors are required to commit to a minimum investment of 2 lots, which equals 3,200 shares, totaling ₹265,600.
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Key Details Of Pune E-Stock Broking IPO:
Bidding Dates
Mar 7-12
Price Range
₹78 to ₹83 per share
Face Value
₹10 per share
GMP
₹40
Pune E-Stock Broking IPO GMP
The Pune E-Stock Broking IPO GMP Today is ₹40.
Pune E-Stock Broking IPO Overview
Pune E-Stock Broking, a company with a total valuation of Rs 38.23 crore, is holding an IPO through book-building. launching a new offer with 46.06 lakh shares. Set March 7, 2024, to March 12, 2024, in your calendars as the Pune E-Stock Broking IPO subscription period dates. By Wednesday, March 13, 2024, the Pune E-Stock Broking IPO selection is expected to be completed. On Friday, March 15, 2024, Pune E-Stock Broking will make its IPO and enter the public market by listing on the BSE SME platform.
Pune E-Stock Broking has established an IPO price band of ₹78 to ₹83 per share. Pune E-Stock Broking IPO GMP is ₹40. To proceed with an application, a minimum lot size of 1600 shares is required. A minimum investment of ₹132,800 is mandated for retail investors. HNIs are expected to invest a minimum of 2 lots, which equals 3,200 shares, valued at ₹265,600.
Pune E-Stock Broking IPO Details
| IPO Date | March 7, 2024 to March 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,606,400 shares (aggregating up to ₹38.23 Cr) |
| Fresh Issue | 4,606,400 shares (aggregating up to ₹38.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,044,458 |
| Share holding post issue | 15,650,858 |
| Market Maker portion | 691,200 shares |
Pune E-Stock Broking Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 20,488.01 | 15,801.00 | 16,314.24 | 13,288.68 |
| Revenue | 1,159.29 | 4,103.10 | 4,665.70 | 3,474.64 |
| Profit After Tax | 275.38 | 964.52 | 1,012.03 | 650.48 |
| Net Worth | 7,923.28 | 7,654.66 | 6,754.55 | 5,806.65 |
| Reserves and Surplus | 7,186.99 | 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 | ||||
Pune E-Stock Broking IPO Timeline
| IPO Open Date | Thursday, March 7, 2024 |
| IPO Close Date | Tuesday, March 12, 2024 |
| Basis of Allotment | Wednesday, March 13, 2024 |
| Initiation of Refunds | Thursday, March 14, 2024 |
| Credit of Shares to Demat | Thursday, March 14, 2024 |
| Listing Date | Friday, March 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 12, 2024 |
Company Profile
PESB, founded back in 2007, stands as a corporate brokerage firm in Pune. Through its web-centric trading platform Aero and its mobile app, the company extends its services. Users may monitor their investments, stay up to current on market movements, and trade on the go. In FY 2023, the company employs 79 people, including directors and KMP, administrative/managerial staff, and unskilled labour. The company offers
- Client Broking: Where customers may trade or invest in shares using the PESB platform, get real-time quotations, simple execution using a mobile app, online, or phone call, access to the most recent market news and updates, and help from support staff.
- Depository facility: The company also provides a depository facility to equity trading customers as part of a complete service package through CDSL. The company has 23,155 active clients in its Depository.
- Mutual funds: The firm offers a variety of mutual fund investing alternatives, including equity, debt, and hybrid funds.
- Corporate Deposits: Investors can make corporate deposits directly through the company’s website or use investing platforms or brokers to simplify their investments.
- Currency trading services: The company provides foreign exchange trading through various trading channels, resulting in particular investments and endless possibilities for hedging, speculation, and portfolio diversification.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Pune E-Stock Broking Limited |
| Phone number | +91-020-41000600 |
| Email ID | [email protected] |
| Website | pesb.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Pune E-Stock Broking IPO FAQs
When Pune E-Stock Broking IPO will open?
The Pune E-Stock Broking IPO opens on March 7, 2024 and closes on March 12, 2024.
What is the lot size of Pune E-Stock Broking IPO?
Pune E-Stock Broking IPO lot size is 1600 Shares, and the minimum amount required is ₹132,800.
When is Pune E-Stock Broking IPO allotment?
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.
When is Pune E-Stock Broking IPO listing date?
The Pune E-Stock Broking IPO listing date is not yet announced. The tentative date of Pune E-Stock Broking IPO listing is Friday, March 15, 2024.
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