Pace ECommerce Ventures IPO Details & Guidance
Grey Market News for Pace ECommerce Ventures IPO #
On 19 October 2022, click
Pace ECommerce Ventures IPO Subscription Status
On 13 October 2022 @ 5.00 pm
NII 50% 30,63,600 Shares: 1.72T
RII 50% 30,63,600 Shares :0.55T
Total 61,27,200 Shares: 1.14 T
Pace ECommerce Ventures IPO Details
IPO Dates 29-09-2022 to 13-10-2022
Face Value Rs 10 per share
IPO Price Rs 103 per share
Lot 1200 Shares
Issue Size 64,59,600 shares of Rs 10
Issue Rs 66.53 Cr)
# Fresh Issue 64,59,600 shares of Rs 10/Rs 66.53 Cr
# Offer for Sale – shares of Rs 10/ Rs – Cr
Issue Type Book Built IPO
Listing At BSE SME
Objects of the IPO
1. Acquisition of plant and machineries
2. Working capital requirement
Retail Offer: 50 % / 30,63,600 Shares
RII Min. Application: 1200 Shares, Rs. 1,23,600
RII Max. Application: 1200 Shares, Rs. 1,23,600
2553 Applications required for onetime RII-subscriptions.
Pace ECommerce Ventures IPO Timetable
IPO Opening Date: 29 September 2022
IPO Closing Date: 13 October 2022
Basis of Allotment: 18 October 2022
Initiation of Refunds:19 October 2022
Credit of Shares: 20 October 2022
IPO Listing Date: 21 October 2022
Pace ECommerce Ventures Business:
Pace ECommerce Ventures started in August 2015 as a business that would give the kids/young consumers and sports enthusiasts in India access to International Football Clubs Merchandise and International Sports Brands apparels and Sports Goods. It started with imports and distribution of branded international sports apparels and extended to various branded merchandise and accessories. Thereafter it acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kids Entertainment Industry. This helped it in reaching a larger distribution area and a wider population. This wider assortment of products and customer base helped it gain valuable insights and obtain information and data as to what today ‘s customer really want.
It has spent time for developing on these valuable information and data points from our customers including but not limited to, Kids, Teenagers, Young
Adults and Young Parents. it arrived at a clear conclusion – The demand is very swiftly moving to customized, personalized products. Thereafter, it established its own e-commerce portal, www.cotandcandy.com offering a large range of products across different categories. It also started catering to number of requests for on demand printing and manufacturing of products for both B2C and B2B Customers. Later, the portal expanded product categories to kid’s sports, kids’ fashion, kids’ furniture and home textiles.
For more information about the company, Click Website: www.cotandcandy.com
Business Summary:
Promoters of Pace ECommerce Ventures
MR. SHAIVAL DHARMENDRA GANDHI
Registered office of Pace ECommerce Ventures
Anugrah Bunglow, Street4, Pallod Farms II, Shambhu Vihar Society, Nankude Vasti, Aundh, Pune – 411045, Maharashtra, India
Lead Manager of Pace ECommerce Ventures
Interactive Financial Services ltd
Registrar to the IPO of Pace ECommerce Ventures
Bigshare Services Pvt. Ltd.
SME IPO Financial & Analytical Ratios#
Total Income 2019-20 Rs 1.50 Cr
Total Income 2020-21 Rs 1.72 Cr
Total Income 2021-22 Rs 10.54 Cr
Net Profit 2019-20 Rs 0.00 Cr
Net Profit 2020-21 Rs 0.07 Cr
Net Profit 2021-22 Rs 0.54 Cr
Earnings per Share 2019-20 Rs 3.44
Earnings per Share 2020-21 Rs 0.29
Earnings per Share 2021-22 Rs 0.30
Return on Net Worth: 19-20: 4.74 %
Return on Net Worth: 20-21: 0.28 %
Return on Net Worth: 21-22: 2.04 %
Book Value of the Share as on 31.03.22 Rs 14.46
NAV after the IPO Rs. 31.02
Offer Price Rs. 103
IPO Peer Comparison:
There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to the company.
Observation by Paresh Gordhandas (Research Analyst)
Will be updated soon
# This is only coverage of News related to Grey Market. We do not deal in grey market premium or Subject to rates, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
shoud we apply for this SMe IPO