March 15, 2024
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Pune E-Stock Broking IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Pune E-Stock Broking IPO Post Listing Review :
On 15th March, the scrip is listed at Rs. 130, premium of 56.63% over the issue-price of Rs. 83. The IPO commanded last premium of Rs. 40, and this listing has been much below the expectations of grey market.
Check Subscription status of Pune E-Stock Broking IPO
On 12 March 2024 5.00 am (Day 3) (Closed)
Review: Strong flow of subscriptions on last day
QIB: 1957600 Shares 123.02 T
NII: 587280 Shares 775.99 T
RII: 1370320 Shares 338.92 T
Total: 3915200 Shares 371.16 T
What is the business of Pune E-Stock Broking?
In the field of financial services, Pune E – Stock Broking Limited (PESB) is a company known for its significant presence and achievements. Founded in 2007, Pune E – Stock Broking Limited (PESB) embarked on a remarkable journey that has been characterized by a series of strategic amalgamations, pioneering IT initiatives, and an unwavering commitment to expanding its reach and influence within the financial services sector. This comprehensive profile provides a detailed exploration of the pivotal milestones that have not only defined PESB’s extraordinary trajectory over the years but have also contributed to its enduring success.
The company offers following services:
1. Client Broking
2. Depository participant
3. Mutual Funds distribution
4. Corporate Deposits
5. Currency Trading
Get more information about the company @ http://www.pesb.co.in/
| Pune E-Stock Broking IPO Details | |
| IPO opens on | 7 March 2024 |
| IPO closes on | 12 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4606400 Sh /Rs 38.23 Cr |
| * Fresh Issue | 4606400 Sh /Rs 38.23 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 691200 Sh. |
| Net offer to Public | 3915200 Sh./Rs.32.50 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 78-83 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
| Shares offered in Pune E-Stock Broking IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1957600 | 16.25 |
| NII (15%) | 587280 | 4.88 |
| RII (35%) | 1370320 | 11.37 |
| Total Shares | 3915200 | 32.50 |
| Retail portion will be oversubscribed by | 856 | |
| Forms | ||
| How much Shares to Apply in Pune E-Stock Broking IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 132800 |
| Min HNI Application | 3200 Sh | Rs.265600 |
Who are the Promoters of Pune E-Stock Broking IPO?
Mr. Vrajesh Krishnakumar Shah, Mr. Devendra Ramchandra Ghodnadikar, Mr. Vrajesh Navnitbhai Shah, Mr. Sandip Sunderlal Shah, and Mr. Paresh Sunderlal Shah are the promoters of the company.
What are the Objects of Pune E-Stock Broking IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
To meet working capital requirements; and
General Corporate Purpose.
| Pune E-Stock Broking IPO Tentative timetable | |
| IPO opens on | 7 March 2024 |
| IPO Closes on | 12 March 2024 |
| IPO Allotment on | 13 March 2024 |
| Refund Initiation | 14 March 2024 |
| Credit of Shares | 14 March 2024 |
| Listing on | 15 March 2024 |
| Registered Office of the Company Pune E-Stock Broking Limited 1198 Shukrawar Peth, Shubhash Nagar, Lane No 3, Pune – 411002 |
| Who is the Lead Manager of Pune E-Stock Broking IPO? Share India Capital Services Pvt Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Pune E-Stock Broking IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 34.75 | 6.50 | 8.53 | 11.20 |
| 2021-22 | 46.66 | 10.12 | 12.52 | 14.98 |
| 2022-23 | 41.03 | 9.65 | 12.25 | 12.60 |
| Book Value of the Share on | 31.03.2023 | Rs 103.96 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 83 | |||
| Pune E-Stock Broking IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 6.78 |
| Price/BV Ratio | – |
| Upper price/BV after IPO | |
How Pune E-Stock Broking IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Pune E-stock broking | 10 | 11.07 6,78 | |
| Share India | 10 | 831.26 | 18.34 |
| ICICI Securities | 5 | 3415.00 | 18.02 |
| Angel One | 10 | 3002 | 17.47 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Pune E-Stock Broking IPO To the point Guidance
In the field of financial services, Pune E – Stock Broking Limited (PESB) is a company known for its significant presence and achievements. Founded in 2007, Pune E – Stock Broking Limited (PESB) embarked on a remarkable journey that has been characterized by a series of strategic amalgamations, pioneering IT initiatives, and an unwavering commitment to expanding its reach and influence within the financial services sector.
Size: The net size of the IPO is Rs. 32.50 Cr comprising of 3915200 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 856 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 4.88 Cr, so huge oversubscription possible.
Financial Snapshot: The company has reasonably good topline and bottomline but has not shown significant growth during last 3 years. It seems the business has been stagnant. May be because of tough competition of national level players such as ICICI Securities, Angel One etc. On the face of it, the IPO is reasonably priced but in absence of significant growth, higher valuation compared to peer companies may not be possible. Relatively small portion for HNIs can bring huge oversubscription and interest cost. Not so attractive .
Quicklinks
Pune E-Stock Broking IPO GMP Detail IPO GMP today details?
Pune E-Stock Broking IPO
Pune E-Stock Broking IPO FAQs
What is Pune E-Stock Broking IPO?
Pune E-Stock Broking IPO is a SME IPO of 3915200 equity shares of the face value of Rs. 10 aggregating up to Rs.32.50 Crores. The issue is priced at Rs.78-83 per share. The minimum order quantity is 1600 Shares.
When will Pune E-Stock Broking IPO open?
Pune E-Stock Broking IPO opens on March 07, 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 Rs.132800.
How to apply for Pune E-Stock Broking IPO?
You can apply in Pune E-Stock Broking 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.
When is Pune E-Stock Broking IPO allotment?
The finalization of Basis of Allotment for Pune E-Stock Broking IPO will be done on March 13, 2024, and the allotted shares will be credited to your demat account by March 14, 2024.
When is Pune E-Stock Broking IPO listing date?
Pune E-Stock Broking IPO listing date is not yet announced. The tentative date of Pune E-Stock Broking IPO listing is March 15, 2024.
