Pune E-Stock Broking was incorporated on June 23, 2007. The company is a corporate broking house that aims to assist clients in realizing their investment goals, leveraging the latest technology, in-depth market research, and state-of-the-art analytical systems.
| Bidding Dates |
|---|
| 07 Mar 2024 - 12 Mar 2024 |
| Subscription |
|---|
| 296.65x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 1600 | 4.6 M | ₹78 - ₹83 | 51.34 % | ₹359.3 M - ₹382.3 M | RHP DOC |
Pune E-Stock Broking IPO SUBSCRIPTION STATUS
12 Mar '24Pune E-Stock Broking IPO overall subscription rate was 296.65 times the total available shares
Pune E-Stock Broking IPO retail subscription rate was 338.92 times in the retail segment
Pune E-Stock Broking IPO non-institutional investor subscription rate was 357.5 times in the non-institutional investor category
Pune E-Stock Broking IPO Qualified Institutional Bidder subscription rate was 123.02 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Mar 2024 (Day 3) | 338.92x | 357.5x | 123.02x |
11 Mar 2024 (Day 2) | 102.18x | 27.27x | 7.82x |
07 Mar 2024 (Day 1) | 18.36x | 4.07x | 7.05x |
Pune E-Stock Broking FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 61.1 | 266.7 | 490.5 | 485.8 | 19.1% |
| FY23 | 96.5 | 357.5 | -35.9 | -37.4 | 19.5% |
| FY22 | 101.2 | 412.5 | 216.9 | 214.8 | 14.5% |
| FY21 | 65.0 | 325.6 | -59.5 | -130.6 | 25.6% |
Pune E-Stock Broking IPO SUBSCRIPTION STATUS DETAILS
Pune E-Stock Broking had 4.6 M shares on offer
Pune E-Stock Broking IPO offer price was in the range ₹78 - ₹83
Pune E-Stock Broking IPO minimum Investment was ₹124800
Pune E-Stock Broking IPO issue size was ₹ 359.3 M - ₹ 382.3 M
Pune E-Stock Broking had a minimum lot size of 1600 Shares per application
Pune E-Stock Broking NUMBER OF SHARES ON OFFER
Pune E-Stock Broking IPO IMPORTANT DATES
| Issue Open Date | 07 Mar 2024 |
| Issue close Date | 12 Mar 2024 |
| Allotment Date | 13 Mar 2024 |
| Refund Date | 14 Mar 2024 |
| Demat Account Credit Date | 14 Mar 2024 |
| Listing Date | 15 Mar 2024 |
| Listing on Exchange(s) | BSE |
| Pune E-Stock Broking Allotment Status | Exchange |
Pune E-Stock Broking IPO subscription opened on 07 Mar 2024, and closed on 12 Mar 2024
IPO allotment for Pune E-Stock Broking was finalized on Wednesday, 13 Mar 2024
IPO listing for Pune E-Stock Broking was on BSE on Friday, 15 Mar 2024
Pune E-Stock Broking IPO LISTING GAINS
| Issue Price (adjusted) | 83.0 |
| Listing Open Price | 130.0 |
| Listing Close Price | 133.2 |
| Listing Gain% | 56.6% |
| Current Gain% | 201.2% |
Pune E-Stock Broking Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pune E-Stock Broking Ltd. | 250 | 391.3 | 20 | 3 | 5.8 | 11.7 | 6 | 67.3 | -12.1 | 19.6 | 6.8 | 12.5 | 6.8 |
| BSE Ltd. | 3457.1 | 140402.9 | 49.6 | 0.6 | 24.3 | 37.4 | 18.6 | 5148.1 | 59.1 | 2497 | 88.3 | 69.7 | 76.9 |
| Billionbrains Garage Ventures Ltd. | 190.5 | 119530.6 | 49 | 1.6 | 22.8 | 21.6 | 11.2 | 4815.9 | 18.6 | 2083 | 14.2 | 3.9 | 30.8 |
| Multi Commodity Exchange of India Ltd. | 2638 | 67266.8 | 43.6 | 0.3 | 25.6 | 46.8 | 17.8 | 2429 | 100.9 | 1331.6 | 137.8 | 60.5 | 136.4 |
| Motilal Oswal Financial Services Ltd. | 870 | 52386.8 | 26.5 | -0.9 | 5.2 | 14.5 | 4.3 | 9416.4 | 11.9 | 1869.3 | -25.3 | 32.9 | -28.8 |
| 360 One Wam Ltd. | 1168.1 | 47528.7 | 37.7 | 1.9 | 10.2 | 12.4 | 4.5 | 4477.3 | 21.5 | 1216.2 | 19.8 | 31 | 19.5 |
Pune E-Stock Broking INFORMATION ON IPO ISSUE
About Pune E-Stock Broking
Pune E-Stock Broking was incorporated on June 23, 2007. The company is a corporate broking house that aims to assist clients in realizing their investment goals, leveraging the latest technology, in-depth market research, and state-of-the-art analytical systems.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
Pune E-Stock Broking - PROMOTERS
| Name |
|---|
| Devendra Ramchandra Ghodnadikar |
| Vrajesh Krishnkumar Shah |
| Navnitbhai Shah |
| Sandip Sunderlal Shah |
| Paresh Sunderlal Shah |
Pune E-Stock Broking Lead Manager of the Issue
Share India Capital Services Private Limited
anand.srivastava@shareindia.co.in
Pune E-Stock Broking Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Pune E-Stock Broking Strengths
Diversified yet integrated mix of business
With its wide range of services, the company can cater to the demands of all customers under one roof. It is engaged in the business of broking services in equity and currency derivatives segments with BSE and NSE
Long term relationship
The company's dedicated focus on client coverage and its ability to provide timely solutions and faster resolution of customer complaints, if any, have helped it establish long-term relationships with high net worth clients
Pune E-Stock Broking Risks
Certain litigation
The company, its directors, promoters, subsidiaries, and group companies may be involved in certain litigations currently pending at various stages. Any adverse decisions in these cases may impact the business
Negative cash & cash equivalent
The company experienced negative cash and cash equivalents generated during the financial year 2023 in the past, and it may encounter similar negative cash flows in the future
IPO FAQs
The promoters of the company are Devendra Ramchandra Ghodnadikar, Vrajesh Krishnkumar Shah, Navnitbhai Shah, Sandip Sunderlal Shah and Paresh Sunderlal Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 78.0 - 83.0.
The IPO application opens on Mar 07, 2024 and closes on Mar 12, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 132,800.0.
This IPO will be allotted on Mar 13, 2024.
The refund will be credited to your account on Mar 14, 2024.
The allotted shares will be credited to your demat on Mar 14, 2024.
Pune E-Stock Broking Ltd.’s shares listed on the stock exchanges on Mar 15, 2024.