Pace E-Commerce Ventures IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’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 Value | Rs 10 |
| Price Band | Rs. 103 |
| Listing At | BSE SME |
| Min. Order Quantity | 1200 shares |
| Listing Date | Oct 18, 2022 |
| Offer for Sale | Rs. 2533.39 Lakh |
| Fresh Issue | Rs. 4120.00 Lakh |
| IPO Size | Rs. 6653.39 Lakh |
| Tick Size | 1 |
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
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 / Date | NII | RII | Total Subscription |
| 1st Day – 29th Oct | 0.00x | 0.01x | 0.00x |
| 2nd Day – 30th Oct | 0.02x | 0.02x | 0.02x |
| 3rd Day – 3rd Oct | 0.51x | 0.10x | 0.31x |
| 4th Day – 4th Oct | 0.91x | 0.30x | 0.61x |
| 5th Day – 6th Oct | 0.92x | 0.33x | 0.63x |
| 6th Day – 7th Oct | 0.92x | 0.37x | 0.65x |
| 7th Day – 10th Oct | 0.99x | 0.45x | 0.72x |
| 8th Day – 11th Oct | 0.99x | 0.46x | 0.72x |
| 9th Day – 12th Oct | 0.99x | 0.47x | 0.73x |
| 10th Day – 13th Oct | 1.72x | 0.55x | 1.14x |
| Shares Offered or Net Issue | 3,063,600 | 3,063,600 | 6,127,200 |
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 Finalization | Oct 13, 2022 |
| Refunds Initiation | Oct 14, 2022 |
| Credit of Shares to Demat Account | Oct 17, 2022 |
| Share Listing Date | Oct 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-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 3241.71 | 2786.01 | 157.97 |
| *Total Revenue | 1054.15 | 171.89 | 150.42 |
| Total Expense | |||
| Profit After Tax | 54.12 | 7.18 | 0.34 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.30 | 0.29 | 3.44 |
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:
- 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 Makers | Up to 3,32,400 Equity Shares aggregating up to Rs. 342.37 Lakh |
| Net Issue to the Public | Up 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 Investors | 30,63,600 Not more than 50% |
| Equity Shares outstanding prior to the Issue | 1,85,33,510 Equity Shares |
| Equity Shares outstanding after the Issue | 2,25,33,510 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 0.30 | 2.04 | 14.46 |
| 31-Mar-21 | 0.29 | 0.28 | – |
| 31-Mar-20 | 3.44 | 4.74 | – |
Pace E-Commerce Ventures IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Pace E-Commerce Ventures Limited | 10 | 343.33 | 0.82 | 1.90 | 170.14 |
| 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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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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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