Pune E-Stock Broking IPO consists of a fresh issue of 46,06,400 shares aggregating to INR 38.23 crores. The company seeks funds to meet working capital requirements and general corporate purposes.
Pune E-Stock Broking Limited IPO – Important Details
| Pune E-Stock Broking IPO Date | March 7, 2024 to March 12, 2024 |
| Pune E-Stock Broking IPO Listing Date | March 15, 2024 |
| Pune E-Stock Broking IPO Price | INR 78-83 per share |
| Pune E-Stock Broking IPO Lot Size | 1600 Shares |
| Pune E-Stock Broking IPO Total Issue Size | INR 38.23 crores |
| Pune E-Stock Broking IPO Basis of Allotment | March 13, 2024 |
| Pune E-Stock Broking IPO Initiation of Refunds | March 14, 2024 |
| Pune E-Stock Broking IPO Credit of Shares to Demat | March 14, 2024 |
| Pune E-Stock Broking IPO Issue Type | Book Built Issue |
| Pune E-Stock Broking IPO Listing At | BSE SME |
Pune E-Stock Broking Ltd IPO – Company Profile
Pune E-Stock Broking Limited (PESB), founded in 2007, has seen remarkable growth under visionary leadership, strategic amalgamations, and pioneering IT initiatives. Adapting to change, it offers comprehensive financial services, ensuring consistent growth for clients.
PESB’s commitment to tech innovation enhances client experiences. Internet-based trading and the user-friendly Trading App revolutionized market engagement. Features like real-time trade confirmation and easy access to account details optimize investment management.
PESB integrates eKYC for streamlined onboarding. Services include client broking with real-time quotes, IPO investments, depository participation, mutual funds distribution, corporate deposits, and currency trading, offering diverse investment options and seamless experiences.
Pune E-Stock Broking Ltd IPO – Fundamental Analysis
Pune E-Stock Broking Limited’s financial information shows a company with changing sales numbers, growing profits, and increasing money put into the company. This makes it an interesting choice for people considering investing in its IPO in the financial services area.
Revenue Trends:
The company witnessed revenue growth in FY2022, followed by a slight decline in FY2023 to ₹3,575.08 lakhs. This fluctuation in revenue could be attributed to market volatility or operational adjustments.
Equity Growth:
Equity has consistently increased from ₹6,086.51 lakhs in FY2021 to ₹8,062.13 lakhs in FY2023, reflecting continued investment and confidence in the company’s growth potential.
Profitability:
Profit after tax shows an upward trend, peaking in FY2022 before slightly decreasing in FY2023 to ₹964.52 lakhs. Maintaining profitability indicates effective cost management and operational efficiency despite the revenue dip.
Return on Net Worth (RoNW):
The RoNW has seen variations, reaching 14.98% in FY2022 and adjusting to 12.60% in FY2023. These figures demonstrate the company’s ability to generate returns on equity, albeit with some inconsistency.
Diluted EPS:
The Diluted EPS increased significantly in FY2022 and remained relatively stable in FY2023 at ₹12.25, suggesting steady earnings power per share.
Asset and Liability Management:
Total assets grew until FY2022 and slightly decreased in FY2023, while liabilities saw a reduction in the same period. This indicates prudent asset management and a solid financial structure with decreased debt or obligations.
NAV per Equity Share:
The NAV per equity share has consistently increased, from ₹78.86 in FY2021 to ₹103.96 in FY2023, highlighting an increase in the intrinsic value of the company’s shares.
Pune E-Stock Broking Limited IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 3,256.27 | 4,124.60 | 3,575.08 |
| Equity (₹ in lakhs) | 6,086.51 | 7,099.13 | 8,062.13 |
| Expenses (₹ in lakhs) | 2,603.12 | 3,404.64 | 2,884.37 |
| Profit and Loss After Tax (₹ in lakhs) | 650.48 | 1,012.03 | 964.52 |
| RoNW (%) | 11.20 | 14.98 | 12.60 |
| Diluted EPS only (₹) | 8.53 | 12.52 | 12.25 |
| NAV per Equity Share (₹) | 78.86 | 91.74 | 103.96 |
| Total Assets (in lakhs) | 13,288.68 | 16,314.24 | 15,801.00 |
| Total Liabilities (in lakhs) | 7,202.17 | 9,215.11 | 7,738.87 |
Pune E-Stock Broking Ltd IPO Peer Comparison
Pune E-Stock Broking Ltd, with a total income of ₹1,106.66 lakhs and a RoNW of 3.67%, shows modest financial metrics compared to peers like Share India Securities, ICICI Securities, and Angel One, which exhibit higher incomes, EPS, and RoNW percentages, indicating stronger market positions.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio (Times) | Basic EPS (₹) | RoNW (%) | Book Value (₹) |
| Pune E – Stock Broking Limited | 1106.66 | 10 | NA | 3.31 | 3.67 | 90.18 |
| Share India Securities Limited | 83,126.55 | 10 | 18.34 | 71.12 | 32.70 | 257 |
| ICICI Securities Limited | 3,41,530 | 5 | 18.02 | 34.44 | 39.18 | 87.50 |
| Angel One Limited | 3,00,168 | 10 | 17.47 | 105.90 | 41.69 | 253.49 |
Pune E-Stock Broking Limited IPO Objective
The main objective of Pune E-Stock Broking Limited is to meet working capital requirements.
- To Meet Working Capital Requirement: The company aims to expand its operations in margin trading, algorithmic-based trading, and credit line services, utilizing IPO proceeds to increase client base, revenue, and profitability while fortifying its financial position for future growth and market opportunities.
- General Corporate Purpose: The Company plans to deploy the balance funds towards the general corporate goals, including allocating funds for operating expenses, connectivity, software, talent, business development, marketing, and contingencies.
Pune E-Stock Broking IPO Risks And Challenges
Pune E-Stock Broking risk includes pending litigation affecting various entities, negative cash flow recurrence, and SEBI proceedings halting membership surrender, underscoring the need for proactive management and mitigation strategies.
- Pending litigation involving the company, its directors, promoters, subsidiaries, and group companies poses a risk. Adverse decisions could impact business and operations, necessitating proactive management and mitigation strategies.
- Negative cash flow experienced in the past fiscal year poses a future risk. Potential recurrence necessitates proactive financial management to mitigate adverse liquidity and operational stability impacts.
- The application for surrendering membership as a commodities derivatives broker by Pune E Commodities Broking Pvt. Ltd. is on hold due to pending SEBI proceedings regarding the NSEL matter, with minimal operations currently.
Pune E-Stock Broking Limited IPO – Industry & Market Potential
The Indian capital market, propelled by innovation and regulation, witnesses dynamic growth. Brokerages adapt to sustain profitability amid rising compliance costs, emphasizing value-added services. Market reforms aim to deepen engagement and align with India’s economic vision.
The mutual fund industry in India has witnessed remarkable growth, with assets under management increasing from Rs.7.0 lakh crore in 2013 to Rs.39.4 lakh crore in 2023, reflecting investor confidence and regulatory support.
The stock broking industry is set for transformation with AI-driven personalization, sustainable investing, continued digitization, regulatory evolution, DeFi integration, and adaptation to geopolitical and economic shifts, ensuring its core goal of facilitating investment.
Pune E-Stock Broking IPO – Type of Offer
Pune E-Stock Broking IPO will have a fresh issue of 46,06,400 shares. The company seeks funds to meet working capital requirements and general corporate purposes.
Pune E-Stock Broking Ltd IPO Offer Size
The offer size of Pune E-Stock Broking is INR 38.23 crores. The company seeks funds to meet working capital requirements and general corporate purposes.
Pune E-Stock Broking IPO Allotment Structure
Pune E-Stock Broking’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) in accordance with SEBI regulations. A portion of the issue is also set aside for the market makers.
- Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
- Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
- Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Market Maker Reservation: A certain percentage or number of shares is reserved for market makers.
How to apply for a Pune E-Stock Broking IPO through Alice Blue?
To apply for the Pune E-Stock Broking IPO through Alice Blue, you would typically follow these steps:
- Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Pune E-Stock Broking IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for a Pune E-Stock Broking IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to check Pune E-Stock Broking IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Pune E-Stock Broking IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Pune E-Stock Broking IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Pune E-Stock Broking IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited , the registrar of the Pune E-Stock Broking IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Pune E-Stock Broking Limited IPO Offer Registrar
The registrar for the Pune E-Stock Broking Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. S6-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road,
Andheri East,
Mumbai – 400 093,
Maharashtra, India
Tel: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Pune E-Stock Broking IPO FAQs
What is the allotment date of the Pune E-Stock Broking IPO?
The allotment date of the Pune E-Stock Broking IPO is March 13, 2024.
What is the price band of the Pune E-Stock Broking IPO?
The price band of the company is INR 78-83 per share.
What is the size of the Pune E-Stock Broking IPO?
Pune E-Stock Broking IPO consists of a fresh issue of 46,06,400 shares. The company seeks funds to meet working capital requirements and general corporate purposes.
What is the listing date of the Pune E-Stock Broking IPO?
The listing date of the Pune E-Stock Broking IPO is March 15, 2024.
