Pace E-Commerce Ventures IPO

Pace E-Commerce Ventures IPO

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, 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 namePace E-Commerce Ventures Limited IPO
SectorInformation Technology
Company Website

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 date29 September 2022
IPO Closing04 October 2022
Basis of Allotment10 October 2022
Initiation Refunds11 October 2022
Credit to Demat Account12 October 2022
Listing Date13 October 2022

Pace E-Commerce Ventures IPO Details

Pace E-Commerce Ventures IPO DateSep 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 Size1200 Shares
Issue Size6,459,600 shares of ₹10
(aggregating up to ₹66.53 Cr)
Fresh Issue4,000,000 shares of ₹10
(aggregating up to ₹41.20 Cr)
Offer for Sal2,459,600 shares of ₹10
(aggregating up to ₹25.33 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Pace E-Commerce Ventures IPO Lot Size

Retail (Min)11200₹123,600
Retail (Max)11200₹123,600

Pace E-Commerce Ventures IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Pace E-Commerce Financial Performance

 FY 2020FY 2021FY 2022
Net income0.347.1854.12
(Figures are in ₹Lakhs)

Pace E-Commerce Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio343.33
RONW (%)4.740.282.04
ROE (%)34.350.392.95

Company Promoters

  • Mr. Shaival Dharmendra Gandhi

Pace E-Commerce Ventures Promoter Holding

Pre Issue Share Holding91.12%
Post Issue Share Holding65%

Lead Manager(s)

  • Interactive Financial Services Ltd

Pace E-Commerce Ventures IPO Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Mahakali Caves Road,
Andheri (East), Mumbai – 400 093
Phone: +91 22 6263 8200

Pace E-Commerce Ventures Contact Details

Office no.423, 4th Floor,
C Block, Sumel -11,Opp. Namaste Circle,
Shahibaug, Ahmedabad- 380004, Gujarat
Phone: +91 85309 99431

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

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