Pace ECommerce Ventures IPO Details & Guidance

    Grey Market News for Pace ECommerce Ventures IPO #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.

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