Pune E-Stock Broking IPO Review

 
Pune E-Stock Broking IPO Review

IPO Open Date: March 7, 2024

IPO Close Date: March 12, 2024

IPO Price: ₹78 to ₹83 per share

Lot Size: 1600 Shares

Listing: March 15, 2024

Pune E-Stock Broking is scheduled to hit the market on March 7, 2024 and close on March 12, 2024. Pune E-Stock Broking plans to raise around ₹38.23 Cr through an IPO with a sale of up to 4,606,400 equity shares of ₹10 each. The Retail offered 29.77%, QIB Shares Offered 16.99%, HNI Shares Offered 12.78%.

Established in 2007, Pune E-Stock Broking Limited (PESB) stands as a prominent corporate broking house, offering a diverse range of financial services. With a comprehensive suite of offerings, PESB facilitates client broking, enabling users to seamlessly invest or trade in shares through its platform. Clients benefit from real-time quotes, user-friendly execution via the mobile app, website, or call, access to the latest market news, updates, and the support of dedicated service staff. Additionally, PESB extends a depository facility integrated with CDSL for equity trading clients, boasting an active client base of 23,155 in its depository. The company also caters to mutual fund investments across equity, debt, and hybrid funds, facilitates corporate deposits through its online platforms, and provides foreign exchange trading services for diversified investment opportunities.

PESB's user-centric approach is exemplified through its web-based trading platform, Aero, and a mobile trading app, empowering investors to manage their portfolios efficiently, stay abreast of market trends, and execute trades on the go. As of March 2023, the company has successfully garnered a substantial customer base, totaling 60,640, spanning authorized persons in over 10 cities and direct customers. With branches in Ahmedabad and Delhi, PESB has demonstrated significant regional presence and growth. In the fiscal year 2023, the company operated with a dedicated team of 79 employees, including directors, key management personnel, administrative/managerial staff, and skilled workers, solidifying its position in the financial services sector.

Pune E-Stock Broking


Pune E-Stock Broking IPO Details

Pune E-Stock Broking IPO opens on March 07, 2024, and closes on March 12, 2024. The Listing date for Pune E-Stock Broking IPO is on March 15, 2024. The price band for IPO is ₹78 to ₹83 per share and lot size of 1600 Shares.

IPO DateMar 07, 2024 to Mar 12, 2024
Listing DateMar 15, 2024
Price₹78 to ₹83 per share
Lot Size1600 Shares
Issue Size₹38.23 Cr
Face Value₹10 per share

Pune E-Stock Broking IPO Tentative Timetable

Pune E-Stock Broking opening date is March 07, 2024 and close date is March 12, 2024. The IPO allotment date is March 13, 2024. The refund initiation of IPO is on March 14, 2024. The credit of shares in demat account is on March 14, 2024. The listing date is on March 15, 2024.

EventDate
IPO OpeningMar 07, 2024
IPO ClosingMar 12, 2024
IPO Allotment DateMar 13, 2024
Refund InitiationMar 14, 2024
Shares Credit to DematMar 14, 2024
Lisiting DateMar 15, 2024

Pune E-Stock Broking IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹132,800).

CategoryLotsSharesAmount
Retail(Minimum)11600₹132,800
Retail(Maximum)11600₹132,800
HNI (Minimum)23200₹265,600

Pune E-Stock Broking IPO Promoter Holding

Pre Issue Share Holding72.75%
Post Issue Share Holding51.34%

Pune E-Stock Broking IPO Review

Pune E-Stock Broking Ltd. (PESB), a key player in the financial services sector, is set to launch its maiden IPO, offering 4,606,400 equity shares with a price band of Rs. 78 – Rs. 83 per share. Founded in 2007, PESB has carved its niche through strategic mergers and unwavering commitment to technological innovation. Despite some financial inconsistency from FY21 to FY23, the company's H1-FY24 results suggest positive growth, making it an appealing prospect for investors seeking medium to long-term rewards. The IPO, managed by Share India Capital Services Pvt. Ltd., aims to mobilize Rs. 38.23 crores, emphasizing the company's ambitious plans for expansion in the financial services domain.

Financially, PESB has reported a total income/net profit of Rs. 34.75 cr./Rs. 6.51 cr. (FY21), Rs. 46.66 cr./Rs. 10.12 cr. (FY22), and Rs. 41.03 cr./Rs. 9.65 cr. (FY23). With an average EPS of Rs. 7.81 and an average RONW of 13.16%, the IPO is priced at a P/BV of 1.11 based on its NAV of Rs. 74.79 as of September 30, 2023. While the IPO seems fully priced based on FY24 annualized earnings, its diverse service offerings, commitment to technological innovation, and positive H1-FY24 results make PESB an attractive option for investors seeking a comprehensive financial services provider. However, prospective investors should conduct thorough due diligence and consider the risk factors before making investment decisions for potential medium to long-term rewards.

In conclusion, PESB's IPO presents an intriguing opportunity for investors looking to tap into the growth potential of a company with a strong foothold in financial services. The strategic positioning, technological innovation, and positive growth indicators could make PESB an appealing choice, provided investors carefully assess the financial history and inherent risks before deciding to park funds for the anticipated medium to long-term rewards

Pune E-Stock Broking IPO Subscription Status (Bidding Details)

Table not found

Pune E-Stock Broking IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Pune E-Stock Broking IPO FAQs

What is Pune E-Stock Broking IPO?

Pune E-Stock Broking is issuing 4,606,400 equity shares with a face value of ₹10 each, totaling up to ₹38.23 Cr. The shares are being offered at a price of ₹78 to ₹83 each, with a minimum order quantity of 1600 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Pune E-Stock Broking IPO will open?

Pune E-Stock Broking will open on March 07, 2024 for QIB, NII, and Retail Investors.

When Pune E-Stock Broking IPO will end?

Pune E-Stock Broking will end on March 12, 2024.

What is Pune E-Stock Broking IPO Size?

Pune E-Stock Broking IPO size is ₹38.23 Cr.

What is Pune E-Stock Broking IPO Price Band?

Pune E-Stock Broking price band is ₹78 to ₹83 per share.

What is the Pune E-Stock Broking IPO Allotment Date?

Pune E-Stock Broking allotment date is March 13, 2024.

What is the Pune E-Stock Broking IPO Listing Date?

Pune E-Stock Broking listing date is March 15, 2024. The IPO is to be listed on BSE and NSE.

How to Pune E-Stock Broking IPO through Zerodha?

To apply for the IPO “Pune E-Stock Broking” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Pune E-Stock Broking IPO through Upstox?

To apply for the IPO “Pune E-Stock Broking” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Pune E-Stock Broking IPO Allotment Status?

For Pune E-Stock Broking IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Pune E-Stock Broking IPO GMP?

You can check out here: Pune E-Stock Broking IPO GMP

Sharing Is Caring:
Avatar of Ishika Agarwal
About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

Leave a Comment