Pune E-Stock Broking Limited
Book Built Issue IPO · BSE
- Price band
- ₹78 - ₹83
- Lot size
- 1,600 shares
- Issue amount
- ₹38.23 cr
- Total subscription
- 371.42×
- Opens
- 7 Mar 2024
- Closes
- 12 Mar 2024
- Allotment
- 13 Mar 2024
- Listing
- 15 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 46,06,400 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,24,800
- Fresh issue
- ₹38.23 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,32,800
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,10,44,458
- Shares after issue
- 1,56,50,858
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,32,800 |
| HNI | 2 | 3,200 | ₹2,65,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.49 | 798.87 |
| RETAIL | 11.38 | 3,857.24 |
| NIB | 4.89 | 3,798.04 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|
| EPS | 8.16 | 8.35 | 5.69 |
| ROE | 12.72 | 15.35 | 11.29 |
| ROCE | 14.77 | 15.79 | 14.54 |
| RONW | 12.6 | 14.98 | 11.2 |
| PRE IPO(PE) | 0.77 | 0 | 0 |
| POST IPO(PE) | 9.5 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Pune E-Stock Broking Limited (PESB), incorporated in 2007, is a corporate broking house offering a comprehensive suite of financial services. Its key offerings include client broking services, allowing users to trade in shares via a mobile app, website, or call with real-time quotes and expert assistance. PESB also provides depository services through CDSL, catering to 23,155 active clients. The company facilitates mutual fund investments across equity, debt, and hybrid categories, alongside offering corporate deposit options for secure investments. Additionally, PESB provides currency trading services, enabling clients to engage in hedging, speculation, and portfolio diversification. The firm's web-based trading platform, Aero, and its mobile trading app ensure seamless access to market trends and investment management. With a workforce of 79 employees in FY 2023, including directors, key managerial personnel, and support staff, PESB continues to deliver efficient and client-focused financial solutions.
Strengths
- Leverage Experienced Leadership for Expansion: Utilize the expertise of the management team to explore new markets, enhance product offerings, and drive innovation in financial services.
- Enhance Cross-Selling Opportunities: With a diversified service portfolio, PESB can strategically promote cross-selling between its offerings, such as encouraging brokerage clients to explore mutual funds or corporate deposits.
- Strengthen Digital Infrastructure: Investing in digital tools for trading, portfolio management, and risk assessment can improve customer experience, increase efficiency, and enhance risk monitoring.
- Deepen Client Relationships: Implement personalized financial advisory services, loyalty programs, and enhanced customer support to further solidify long-term client trust and engagement.
Risk factors
- Strengthen Legal and Compliance Framework: Establish a dedicated team to monitor litigation, ensure regulatory adherence, proactively settle disputes, and conduct regular audits to address compliance gaps.
- Improve Cash Flow Management: Diversify revenue streams, optimize operational efficiency, and secure long-term funding through strategic partnerships or structured debt instruments to maintain liquidity.
- Enhance Corporate Governance: Implement robust internal controls, engage independent auditors to review governance practices, and increase transparency with stakeholders on compliance and risk mitigation.
Promoters
Mr. Vrajesh Krishnakumar Shah
Mr. Devendra Ramchandra Ghodnadikar
Mr. Vrajesh Navnitbhai Shah
Mr. Sandip Sunderlal Shah
Mr. Paresh Sunderlal Shah
Registrar & documents
Lead manager
Share India Capital Services Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1198 Shukrawar Peth, Shubhash Nagar, Lane No 3, Pune – 411002
+91-020-41000600
[email protected]Company website ↗Understanding PESB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.