Pace E-Commerce Ventures IPO will open for subscription from 29 September 2022. the company aims for an issue size of ₹66.53 Cr through this IPO.
Pace E-Commerce Ventures Limited
The company 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 apparel and Sports Goods. It started with imports and distribution of branded international sports apparel and extended to various branded merchandise and accessories. Thereafter, the company acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kid’s Entertainment Industry.
Thereafter, the company established its own e-commerce portal, www.cotandcandy.com offering a large range of products across different categories. It also started catering to a 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, kid’s fashion, kid’s furniture, and home textiles. It currently has exclusive manufacturing and distribution rights for world-renowned kid’s character entertainment brands and products in its portfolio. Besides these, it has also developed a good collection of Home Textiles and gifting products under its own private labels.
In this journey, the company has gradually transformed from an importer, licensee, and distributor to an online digital retailer and providing an online platform to manufacturing companies for unique and personalized products. At present, the company operates across all cities in India through online channels and in most major cities through the offline distribution of products.
Basic details about the company
| Full name | Pace E-Commerce Ventures Limited IPO |
| Sector | Information Technology |
| Industry | E-commerce |
| Company Website | https://www.cotandcandy.com/ |
Major competitive strengths
- Agreements with widely known companies working for kids.
- Founder-led Management Team
- The company’s insights of Indian Consumers and merchants.
Objects of the Issue
- For meeting Public Issue Expenses.
- Acquisition of plant and machinery.
- For working capital requirements.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 29 September 2022 |
| IPO Closing | 04 October 2022 |
| Basis of Allotment | 10 October 2022 |
| Initiation Refunds | 11 October 2022 |
| Credit to Demat Account | 12 October 2022 |
| Listing Date | 13 October 2022 |
Pace E-Commerce Ventures IPO Details
| Pace E-Commerce Ventures IPO Date | Sep 29, 2022 to Oct 4, 2022 |
| Pace E-Commerce Ventures IPO Face Value | ₹10 per share |
| Pace E-Commerce Ventures IPO Price | ₹103 per share |
| Lot Size | 1200 Shares |
| Issue Size | 6,459,600 shares of ₹10 (aggregating up to ₹66.53 Cr) |
| Fresh Issue | 4,000,000 shares of ₹10 (aggregating up to ₹41.20 Cr) |
| Offer for Sal | 2,459,600 shares of ₹10 (aggregating up to ₹25.33 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Pace E-Commerce Ventures IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
Pace E-Commerce Ventures IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Pace E-Commerce Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 149.13 | 170.14 | 1,049.58 |
| Expenses | 149.99 | 162.18 | 980.68 |
| Net income | 0.34 | 7.18 | 54.12 |
Pace E-Commerce Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 3.44 | 0.29 | 0.30 |
| PE ratio | – | – | 343.33 |
| RONW (%) | 4.74 | 0.28 | 2.04 |
| NAV | – | – | 14.46 |
| ROE (%) | 34.35 | 0.39 | 2.95 |
Company Promoters
- Mr. Shaival Dharmendra Gandhi
Pace E-Commerce Ventures Promoter Holding
| Pre Issue Share Holding | 91.12% |
| Post Issue Share Holding | 65% |
Lead Manager(s)
- Interactive Financial Services Ltd
Pace E-Commerce Ventures IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Mahakali Caves Road,
Andheri (East), Mumbai – 400 093
Phone: +91 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Pace E-Commerce Ventures Contact Details
PACE E-COMMERCE VENTURES LIMITED
Office no.423, 4th Floor,
C Block, Sumel -11,Opp. Namaste Circle,
Shahibaug, Ahmedabad- 380004, Gujarat
Phone: +91 85309 99431
E-mail: compliance@pacesports.in
Website: www.cotandcandy.com
Pace E-Commerce IPO Allotment Status
Pace E-Commerce IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Pace E-Commerce Ventures IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
