Pune E-Stock Broking IPO will open for subscription from 07 March 2024. The company aims for an issue size of ₹38.23 Cr through this IPO.
Company Overview
| Full name | Pune E-Stock Broking Limited |
| Sector | Finance |
| Industry | Finance – Stockbroking |
| Company Website | https://www.pesb.co.in/ |
About Company
In the financial services field, Pune E-Stock Broking Limited (PESB) is a company known for its significant presence and achievements. Founded in 2007 and registered with SEBI as a Stock Broker (Member of BSE and NSE) in the year 2008. The company’s commitment to nurturing talent is evident in its workforce growth. From a modest team of 15 in 2007, PESB’s employee count exceeded 70 by 2023. This company continued With a network of over 150 Authorized Persons and a trading client base exceeding 50,000. This company has a client base of 23,155 active customers in its Depository. In September 2023, the company achieved a Volume of INR 125,007.68L in cash, INR 143,150.84L in F&O Equity, and INR 48,033.10L in MCX F&O.
Major Products and Services of PESB–
- Client Broking
- Depository participant
- Mutual Funds
- Corporate Deposits
- Currency Trading
The Objectives of the Issue
- To meet working capital requirements;
- General Corporate Purpose; and
- Public Issue Expenses.
Pune E-Stock Broking IPO Timetable
| IPO Opening date | 07 March 2024 |
| IPO Closing | 12 March 2024 |
| Basis of Allotment | 13 March 2024 |
| Initiation Refund | 14 March 2024 |
| Credit to Demat Account | 14 March 2024 |
| Listing Date | 15 March 2024 |
Pune E-Stock Broking IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹38.23 Cr – 4,606,400 shares |
| Fresh Issue | ₹38.23 Cr – 4,606,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 691,200 shares |
| Shareholding pre-issue | 11,044,458 |
| Shareholding post-issue | 15,650,858 |
| Listing Exchange | BSE SME |
Pune E-Stock Broking IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹132,800 |
| Retail (Max) | 1 | 1600 | ₹132,800 |
| HNI (Min) | 2 | 3,200 | ₹265,600 |
Pune E-Stock Broking IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Pune E-Stock Broking Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 32.56 | 41.25 | 35.78 | 26.67 |
| Expenses | 26.03 | 34.05 | 28.84 | 21.95 |
| Net income | 6.50 | 10.12 | 9.65 | 6.11 |
Pune E-Stock Broking Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.69 | 8.35 | 8.16 |
| PE ratio | – | – | 9.56 – 10.17 |
| RONW (%) | 11.20 | 14.98 | 12.60 |
| NAV | 78.86 | 91.73 | 103.96 |
| ROCE (%) | 14.54 | 15.79 | 14.77 |
| EBITDA (%) | 27.56 | 21.84 | 27.92 |
| Debt/Equity | 0.23 | 0.35 | 0.17 |
Company Promoters
- Mr. Vrajesh Krishnakumar Shah
- Mr. Devendra Ramchandra Ghodnadikar
- Mr. Vrajesh Navnitbhai Shah
- Mr. Sandip Sunderlal Shah
- Mr. Paresh Sunderlal Shah
- Daidipya Ghodnadikar
Promoter Holding
| Pre Issue Share Holding | 72.75% |
| Post Issue Share Holding | 51.34% |
Pune E-Stock Broking IPO Lead Manager(s)
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
A-15, Sector-64, Noida – 201301,
Uttar Pradesh, India
Phone: +91-0120-4910000
Email: anand.srivastava@shareindia.co.in
Website: www.shareindia.in
Pune E-Stock Broking Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Pune E-Stock Broking Contact Details
PUNE E-STOCK BROKING LIMITED
1198 Shukrawar Peth, Shubhash Nagar,
Lane No 3, Pune, Maharashtra –
411002, India
Phone: +91 -020-41000600
E-mail: info@pesb.co.in
Website: www.pesb.co.in
Pune E-Stock Broking IPO Allotment Status
Pune E-Stock Broking IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Pune E-Stock Broking IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and 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
