Pune E-Stock Broking Limited IPO is set to launch on 7 March, 2024. The company initiated its business operations in the year 2007. It is a corporate broking house. It offers various facilities like client broking, mutual funds, depository facility, currency trading services, corporate deposits etc. It offers various services through its mobile application and trading platform named Aero. It has a customer base of 60640 clients and has two branches in Delhi and Ahmedabad. The employee base of the company is 79 people.
Pune E-Stock Broking Limited IPO DETAILS
Pune E-Stock Broking Limited IPO is set to launch on 7 March, 2024. The subscription timeline extends till 12 March, 2024. The size for the IPO is 28.22 Crore Rs. Shares issued through fresh issue mode are worth Rs 28.22 Crore. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 80 Rs to 84 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Pune E-Stock Broking Limited IPO
| IPO OPENING DATE | 7 March, 2024 |
| CLOSING DATE FOR IPO | 12 March, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 78 Rs to 83 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 38.23 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 38.23 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 15 March, 2023 |
Pune E-Stock Broking Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 7 March, 2024 |
| CLOSING DATE FOR IPO | 12 March, 2024 |
| IPO ALLOTMENT DATE | 13 March, 2024 |
| REFUNDS | 14 March, 2024 |
| DEMAT A/C CREDITED ON | 14 March, 2024 |
| IPO LISTING DATE | 15 March, 2024 |
Pune E-Stock Broking Limited IPO begins for subscription from 7 March, 2024. The IPO subscription would continue till 12 March, 2024. The allotment status for the shareholders who applied would come on 13 March, 2024. The refunds for the ones who did not get allotment would be initiated on 14 March, 2024. The DEMAT accounts of shareholders would be credited on 14 March, 2024. The listing of the company would be completed on 15 March, 2024.
Pune E-Stock Broking Limited IPO: Lead Managers
The lead managers are :
- Share India Capital Services Private Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 132800 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 265600 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 132800 Rs. |
| Maximum | 3200 shares | 265600 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | March 2021 | March 2022 | March 2023 |
| Asset | 13288 | 16314 | 15801 |
| Revenue | 3474 | 4665 | 4103 |
| PAT | 650 | 1012 | 964 |
Pune E-Stock Broking Limited had an asset base of 13288 Lakh Rs in 2021 which increased to 16314 Lakh Rs in 2022. The asset base of the company was 15801 Lakh Rs in 2023. The revenue of the firm was 3474 Lakh Rs in 2021 which increased to 4665 Lakh Rs in 2022. The revenue of the company dropped to 4103 Lakh Rs in 2023. The profit of the firm was 650 Lakh Rs in the year 2021. The profit for the year 2022 was 1012 Lakh Rs. However in the year 2023 the profit of the firm decreased to 964 Lakh Rs. Hence in the year 2023 the overall results of the company’s financials have decreased.
PROS
- It is a corporate broking house. The company offers various facilities like client broking, mutual funds, depository facility, currency trading services, corporate deposits etc.
- It offers various services through its mobile application and trading platform named Aero.
- It has a customer base of 60640 clients and has two branches in Delhi and Ahmedabad.
- The employee base of the company is 79 people.
Pune E-Stock Broking Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Pune E-Stock Broking Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
