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Let’s have a detailed review of the company and analytics of the Pace E-Commerce Ventures IPO release date, IPO offer price, subscription, Pace E-Commerce Ventures Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs. 103
Listing AtBSE SME
Min. Order Quantity1200 shares
Listing DateOct 18, 2022
Offer for SaleRs. 2533.39 Lakh
Fresh IssueRs. 4120.00 Lakh
IPO SizeRs. 6653.39 Lakh
Tick Size1

Pace E-Commerce Ventures IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Pace E-Commerce Ventures IPO – Summary

Our Company was originally incorporated as ‗PACE Sports and Entertainment Private Limited‘ as Private Limited Company under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated August 05,2015 bearing Corporate Identification Number U51909PN2015PTC156068 issued by the Assistant Registrar of Companies, Pune.

Subsequently, the name of the Company was changed to ―Pace E-Commerce Ventures Private Limited‖ and a fresh certificate of Incorporati

Pace E-Commerce Ventures IPO

on was issued on July 25,2022 bearing Corporate Identification Number Co. No. U51909PN2015PTC156068 by the Registrar of Companies, Pune.

After That, our Company was converted in to a public limited Company pursuant to a special resolution passed by our shareholders at the EGM held on August 03, 2022 and consequently the name of our Company was changed to ―Pace E-Commerce Ventures Limited‖ and a fresh certificate of incorporation was issued by the Registrar of Companies, Pune, dated August 08, 2022. The CIN of the Company is U51909PN2015PLC156068.

The Promoter of this company is Mr. Shaival Dharmendra Gandhi. The lead manager to the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED .


Pace E-Commerce Ventures IPO Date

The opening of Pace E-Commerce Ventures IPO will be on Sep 29, 2022 and the closing date Oct 13, 2022. 


Pace E-Commerce Ventures IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 29th Oct0.00x0.01x0.00x
2nd Day – 30th Oct0.02x0.02x0.02x
3rd Day – 3rd Oct0.51x0.10x0.31x
4th Day – 4th Oct0.91x0.30x0.61x
5th Day – 6th Oct0.92x0.33x0.63x
6th Day – 7th Oct0.92x0.37x0.65x
7th Day – 10th Oct0.99x0.45x0.72x
8th Day – 11th Oct0.99x0.46x0.72x
9th Day – 12th Oct0.99x0.47x0.73x
10th Day – 13th Oct1.72x0.55x1.14x
Shares Offered or Net Issue3,063,6003,063,6006,127,200

The shares subscribed by the public will be updated here.


Pace E-Commerce Ventures IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Pace E-Commerce Ventures Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationOct 13, 2022
Refunds InitiationOct 14, 2022
Credit of Shares to Demat AccountOct 17, 2022
Share Listing DateOct 18, 2022

Pace E-Commerce Ventures IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.103.


Pace E-Commerce Ventures IPO Equity Size

This Initial Public Issue of 64,59,600 Equity Shares of Rs.10 each for cash at a price of Rs.103 per equity share aggregating to Rs.6653.39 Lakh.


Pace E-Commerce Ventures IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 40,00,000 Equity Shares of Rs.10/ each.

Issue Size: Rs. 64,59,600 Equity Shares of Rs.10 each, aggregating to Rs. 6653.39 Lakh.


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    Pace E-Commerce Ventures IPO – Live Performance

    The listing date of this IPO is Oct 13, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Pace E-Commerce Ventures Share Price

    Pace E-Commerce Ventures IPO Grey Market Premium

    The Pace E-Commerce Ventures Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Pace E-Commerce Ventures IPO – Company Overview

    Our company started in August 2015 as a business that would give the kids/young consumers and sports enthusiasts in India access to International Football Clubs Merchandise and International Sports Brands apparels and Sports Goods.

    We started with imports and distribution of branded international sports apparels and extended to various branded merchandise and accessories. Thereafter we acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kids Entertainment Industry.

    This helped us in reaching a larger distribution area and a wider population. This wider assortment of products and customer base helped us gain valuable insights and obtain information and data as to what today‘s customer really want.

    We have spent time for developing on these valuable information and data points from our customers including but not limited to, Kids, Teenagers, Young Adults and Young Parents. we arrived at a clear conclusion – The demand is very swiftly moving to customized, personalized products.


    Pace E-Commerce Ventures IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-2231-Mar-2131-Mar-20
    Total Assets3241.712786.01157.97
    *Total Revenue1054.15171.89150.42
    Total Expense
    Profit After Tax54.127.180.34

    Earnings per Equity Share (in Lakh)

    31-Mar-2231-Mar-2131-Mar-20
    Basic & Diluted0.300.293.44

     

    Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 54.12 Lakh, Rs. 7.18 Lakh, and Rs. 0.34 Lakh, respectively.


    Pace E-Commerce Ventures IPO – Promoters

    The Promoter of this company is:

    1. Mr. Shaival Dharmendra Gandhi

    List of Related Parties (Key Managerial Personnel)

    • Mr. Shaival Gandhi, Chief Financial Officer
    • Ms. Nikita Pediwal, Company Secretary and Compliance Office

    Pace E-Commerce Ventures IPO – Promoters Holding

    • Pre Issue Share Holding – 91.12%
    • Pos Issue Share Holding – 65%

    Pace E-Commerce Ventures IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 64,59,600 Equity Shares aggregating up to Rs. 6653.39 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 3,32,400 Equity Shares aggregating up to Rs. 342.37
    Lakh
    Net Issue to the PublicUp to 61,27,200 Equity Shares aggregating up to Rs. 6311.02
    Lakh
    Of which:
    Retail Investors Portion 30,63,600  Not less than 50%
    Other than Retail Individual Investors30,63,600  Not more than 50%
     Equity Shares outstanding prior to the Issue1,85,33,510 Equity Shares
     Equity Shares outstanding after the Issue2,25,33,510 Equity Shares

    Pace E-Commerce Ventures IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Acquisition of plant and machineries

    2. Working capital requirement

    3. General Corporate Purpose

    4. Meeting Public Issue Expenses

    Pace E-Commerce Ventures IPO – Business Strategy

    • Development of online platform for customisation of product by customers
    • Establishing manufacturing facility
    • Grow Consumer and Merchants

    Pace E-Commerce Ventures IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Agreements with widely known companies working for kids
    • Founder led management Team
    • Our insights of Indian Consumers and merchants.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar -220.302.0414.46
    31-Mar-210.290.28
    31-Mar-203.444.74

    Pace E-Commerce Ventures IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Pace E-Commerce Ventures Limited10343.330.821.90170.14
    Listed Peers
    NA

    Pace E-Commerce Ventures IPO Lead Managers

    Lead Managers
    INTERACTIVE FINANCIAL SERVICES LIMITED
    Address:612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas
    Marg, Ellisbridge, Ahmedabad – 380 009,Gujarat, India
    Tel No.:+91-9898055647
    Web Site :www.ifinservices.in
    Email : mbd@ifinservices.in
    Investor Grievance Email: info@ifinservices.in
    Contact Person: Mr. Pradip Sandhir
    SEBI Reg No :INM000012856

    Pace E-Commerce Ventures IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves
    Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22
    6263 8200
    Email:ipo@bigshareonline.com
    Website:www.bigshareonline.com
    Investor Grievance Email:investor@bigshareonline.com
    Contact Person: Babu Rapheal
    SEBI Registration No.: INR000001385

    Pace E-Commerce Ventures IPO – Other Details

    • Statutory Auditor – M/s Ashish N. Parikh& Co., Chartered Accountants
    • Legal Counsel to the Company – M/s. 24/7 Juris – Emergency Law Firm
    • Bankers to the Company – HDFC Bank Limited


    Pace E-Commerce Ventures IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Pace E-Commerce Ventures Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Pace E-Commerce Ventures IPO Review FAQs

      Check out various FAQs related to Pace E-Commerce Ventures IPO:

      What is the Issue Size of Pace E-Commerce IPO?

      The Company is making an initial public offer of 64,59,600 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Pace E-Commerce IPO?

      The price band for this particular IPO ranges between Rs.103. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Pace E-Commerce IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 29, 2022, while the closing date is set at Oct 13, 2022.

      What is the Pace E-Commerce IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 13, 2022, refund initiation is on Oct 14, 2022, credit of shares is on Oct 17, 2022, and share listing date is on Oct 18, 2022.

      What is the Pace E-Commerce IPO Listing Date?

      Shares of this company shall be listed in the exchanges Oct 18, 2022. The date, when the listing would be done, is stagnant on Oct 18, 2022.

      Who is the Registrar of Pace E-Commerce IPO?

      One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Pace E-Commerce IPO?

      Here are the promoters of this IPO – Mr. Shaival Dharmendra Gandhi. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Pace E-Commerce IPO?

      We have obtained the GMP of this IPO and it is Rs. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Pace E-Commerce IPO good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Pace E-Commerce Ventures Company?

      We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 54.12 Lakh, Rs. 7.18 Lakh, and Rs. 0.34 Lakh, respectively.


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