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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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 is ₹40.
IPO Overview
Pune E-Stock Broking is launching an IPO through book-building, with a total worth of Rs 38.23 crore. Unveiling a fresh offer, totaling 46.06 lakh shares. Mark your calendars for March 7, 2024, to March 12, 2024, as the subscription period for the Pune E-Stock Broking IPO. The Pune E-Stock Broking IPO allocation is projected to be concluded by Wednesday, March 13, 2024. Pune E-Stock Broking’s debut Initial Public Offering (IPO) will be listed on the BSE SME platform on Friday, March 15, 2024, marking its entry into the public market.
Pune E-Stock Broking has established an IPO price band of ₹78 to ₹83 per share. Pune E-Stock Broking IPO GMP is ₹90. 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 users can invest or trade in shares via PESB’s platform, receiving real-time quotes, easy execution via mobile app, website or call, the latest market news and updates, and the service of support staff.
- Depository facility: The company also offers a depository facility to Equity trading clients as part of an integrated service offering through CDSL. The company has a client base of 23,155 active clients in its Depository.
- Mutual funds: The company offers various mutual fund investment options in equity, debt, and hybrid funds.
- Corporate Deposits: Investors can make corporate deposits directly through the company’s website or use the convenience of online investment platforms or brokers to facilitate their investments.
- Currency trading services: The company offers foreign exchange trading through multiple trading channels, creating unique investment opportunities and limitless creativity for hedging, speculation, and portfolio diversification.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Pune E-Stock Broking Limited |
| Phone number | +91-020-41000600 |
| Email ID | info@pesb.co.in |
| 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.
