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Pace E-Commerce Ventures Limited IPO (Pace E-Commerce Ventures IPO) Detail

September 29, 2022 - October 13, 2022

Pace E-Commerce Ventures IPO is a fixed price issue of Rs 66.53 crores. The issue is a combination of fresh issue of 40 lakh shares aggregating to Rs 41.20 crores and offer for sale of 24.6 lakh shares aggregating to Rs 25.33 crores.

Pace E-Commerce Ventures IPO bidding started from September 29, 2022 and ended on October 13, 2022. The allotment for Pace E-Commerce Ventures IPO was finalized on Tuesday, October 18, 2022. The shares got listed on BSE SME on October 20, 2022.

Pace E-Commerce Ventures IPO price is ₹103 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹123,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹247,200.

Interactive Financial Services Ltd is the book running lead manager of the Pace E-Commerce Ventures IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Pace E-Commerce Ventures IPO RHP for detailed information.

Pace E-Commerce Ventures IPO Details

IPO Date September 29, 2022 to October 13, 2022
Listing Date October 20, 2022
Face Value ₹10 per share
Price ₹103 per share
Lot Size 1200 Shares
Total Issue Size6,459,600 shares
(aggregating up to ₹66.53 Cr)
Fresh Issue4,000,000 shares
(aggregating up to ₹41.20 Cr)
Offer for Sale2,459,600 shares of ₹10
(aggregating up to ₹25.33 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion332,400 shares

Pace E-Commerce Ventures IPO Reservation

Pace E-Commerce Ventures IPO offers 6,459,600 shares. 3,063,600 (47.43%) to NII, 3,063,600 (47.43%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered332,400 (5.15%)
Other Shares Offered3,063,600 (47.43%)
Retail Shares Offered3,063,600 (47.43%)
Total Shares Offered6,459,600 (100%)

Pace E-Commerce Ventures IPO Timeline (Tentative Schedule)

Pace E-Commerce Ventures IPO opens on September 29, 2022, and closes on October 13, 2022.

IPO Open Date Thursday, September 29, 2022
IPO Close Date Thursday, October 13, 2022
Basis of Allotment Tuesday, October 18, 2022
Initiation of Refunds Wednesday, October 19, 2022
Credit of Shares to Demat Thursday, October 20, 2022
Listing Date Thursday, October 20, 2022
Cut-off time for UPI mandate confirmation 5 PM on October 13, 2022

Pace E-Commerce Ventures IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹123,600
Retail (Max) 1 1200 ₹123,600
HNI (Min) 2 2,400 ₹247,200
Lot Size Calculator

Pace E-Commerce Ventures IPO Promoter Holding

Mr. Shaival Dharmendra Gandhi is the company promoter.

Share Holding Pre Issue 91.12%
Share Holding Post Issue 65%

About Pace E-Commerce Ventures Limited

Incorporated in 2015, Pace E-Commerce Ventures Limited offers children's furniture, bedding, housewares and essentials. The company's product portfolio includes Beds and Cribs, Seating and Lounging, Storage & Organisers, Playroom Furniture, Bins and Baskets, Décor and Accessories, Kids Bedding, Baby Bedding, Baby & Kids Essentials, Dinning Essentials & Homeware, Sports Ride Ons & Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys.

The company owns an e-commerce portal, www.cotandcandy.com offering a large range of products across different categories. The company also started catering to a number of requests for on-demand printing and manufacturing of products for both B2C and B2B Customers.

Pace E-Commerce Ventures Limited acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kids Entertainment Industry.

Competitive Strength :

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

Company Financials

Pace E-Commerce Ventures Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20157.97150.420.347.246.24
31-Mar-212786.01171.897.182595.326.24
31-Mar-223241.711054.1554.122649.44817.54
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Pace E-Commerce Ventures IPO is Rs 232.1 Cr.

Pre IPO Post IPO
P/E (x) 429.16

Objects of the Issue (Pace E-Commerce Ventures IPO Objectives)

The company proposes to utilize the Net Proceeds from the issue towards 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 Review (Avoid)

[Dilip Davda]  PEVL is an online platform for kids’ fashionwear and sports goods, etc. Its financial performance so far is not in line with the asking price. Though eligible for a mainboard IPO, its plans for the SME platform raise eyebrows. Based on FY22 earnings, the issue is exorbitantly priced. Simply avoid this IPO to save your hard-earned money. Read detail review...


Pace E-Commerce Ventures IPO Subscription Status (Bidding Detail)

The Pace E-Commerce Ventures IPO is subscribed 1.14 times on October 13, 2022 6:57:00 PM. The public issue subscribed 0.55 times in the retail category, times in the QIB category, and 1.72 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.72
Retail0.55
Total1.14

Pace E-Commerce Ventures IPO Prospectus

Pace E-Commerce Ventures IPO Rating

133
3.3
Rating:Rated 3.3 stars
Vote Here ...

Pace E-Commerce Ventures IPO Listing Details

Listing Date October 20, 2022
BSE Script Code 543637
NSE Symbol
ISIN INE0N1L01018
Final Issue Price ₹103 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹103.00
₹104.50
₹104.50
₹109.70
₹109.70

Check IPO Performance…

Pace E-Commerce Ventures Limited Contact Details

Pace E-Commerce Ventures Limited
Anugrah Bunglow, Street4, Pallod Farms II,
Shambhu Vihar Society, Nankude Vasti,
Aundh, Pune -411045
Phone: +91 85309 99431
Email: compliance@pacesports.in
Website: https://www.cotandcandy.com/

Pace E-Commerce Ventures IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Pace E-Commerce Ventures IPO - Buy or Not

Pace E-Commerce Ventures IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 1

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Pace E-Commerce Ventures IPO FAQs

Pace E-Commerce Ventures IPO is a SME IPO of 6,459,600 equity shares of the face value of ₹10 aggregating up to ₹66.53 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 1200 Shares.

The IPO opens on September 29, 2022, and closes on October 13, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Pace E-Commerce Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in Pace E-Commerce Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Pace E-Commerce Ventures IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Pace E-Commerce Ventures IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Pace E-Commerce Ventures IPO opens on September 29, 2022 and closes on October 13, 2022.

Pace E-Commerce Ventures IPO lot size is 1200 Shares, and the minimum amount required is ₹123,600.

You can apply in Pace E-Commerce Ventures IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Pace E-Commerce Ventures IPO will be done on Tuesday, October 18, 2022, and the allotted shares will be credited to your demat account by Thursday, October 20, 2022. Check the Pace E-Commerce Ventures IPO allotment status.

The Pace E-Commerce Ventures IPO listing date is on October 20, 2022.
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Pace E-Commerce Ventures IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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113 Comments

50. IPOmentor |   Link |  Bookmark |November 23, 2022 11:28:04 AM
Abhi pura zahar nikalana baki hai. wait for buying you will get around 20
49. Takamichi |   Link |  Bookmark |November 21, 2022 11:13:20 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Just what to know what the market market/LM wanna do here .... Don't wanna buy it but i see this stock movement daily .... How they create demand and then boom they dump more stock..... I hope no retailer got crushed under it
49.3. NeilM |   Link |  Bookmark |November 22, 2022 12:16:38 AM
I entered with 5 lots at 39.15 and that day circuit opened and i forgot to trade the equity that day, rather i thought of keeping the delivery.
You are right that at 59 and then at 39 they created demand and dumped it again.

Why SEBI isn’t intervening here? Nor this script is banned from trading neither the circuit is further reduced.

Market maker must be debarred from further trading and shall be put in jail.

I have no clue if I’ll be able to book loss or booking loss would hurt me in the longer run….

49.4. Gaurav DD dimer |   Link |  Bookmark |November 22, 2022 12:26:57 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
It has already broked the average cost of acquisition of selling shareholder i. e 44.

Another average COA is Rs 25. (May be it will reach there).
48. IPOmentor |   Link |  Bookmark |November 18, 2022 4:50:54 PM
sab ko milega bhai 20 tak ayega
47. Destiny Voyager |   Link |  Bookmark |November 15, 2022 11:30:07 AM
PACE is 50% down and still big selling pressure Daily basis..
What is your view on fresh entry guys??
46. Gaurav DD dimer |   Link |  Bookmark |November 9, 2022 8:33:41 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
3rd Big LC Continuously.
20% +20%+10%
45. Boxowi |   Link |  Bookmark |October 20, 2022 8:14:32 AM
Anyone buying at current price? What should be price to enter?
45.7. Takamichi |   Link |  Bookmark |November 17, 2022 9:35:23 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
@Option delta trader
Read about rachna, rhetan sme once..... U will know why everyone is saying it's mostly operator game.....
Rachna also got extension and had to even decrease it's ipo price and see its value now .....so read about it .....
End
45.8. IPOmentor |   Link |  Bookmark |November 18, 2022 4:49:33 PM
weighting for 20rupee per share for intrinsic value
44. Trueinfo |   Link |  Bookmark |October 25, 2022 9:04:54 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Pace is flying post listing. How almost everyone got proved wrong here!!! Strange.
44.2. Elon Rusk |   Link |  Bookmark |November 14, 2022 3:15:13 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Its now down by 50% from IPO price. Just 3 weeks from this comment
44.3. Adityasingh |   Link |  Bookmark |December 2, 2022 11:02:12 AM
An now it has become the worst IPO of the year just after a month of listing. Down by more than 70%
43. Trueinfo |   Link |  Bookmark |October 20, 2022 10:01:04 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Listed at par. Capital saved.
42. Khan chacha |   Link |  Bookmark |October 19, 2022 9:07:05 PM
Any update on allotment?
42.1. P S S |   Link |  Bookmark |October 19, 2022 9:41:52 PM
Allotment allready done. Tomorrow listing of this scrip on BSE. This is for your kind information please.
41. svh |   Link |  Bookmark |October 13, 2022 2:19:30 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Surprisingly when GMP was 0 , nobody was taking interest and now when GMP slips in to discount (-3) , issue started subscribing. Seems inspired by Maagh's listing.
🙏👍
41.1. KAPPO |   Link |  Bookmark |October 13, 2022 5:17:45 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
It's totally manage by operator
41.2. svh |   Link |  Bookmark |October 13, 2022 5:45:26 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Agreed. These both LMs are brothers w.r.t listing loss.
🙏👍
40. Anari Investor |   Link |  Bookmark |October 13, 2022 4:57:15 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
HA-HA-HA-HA. AND HERE COMES THE WINNER. Subscribed more than 1 time. Par retail niveshak isme nahi kooda.
39. Khan chacha |   Link |  Bookmark |October 13, 2022 4:21:02 PM
Should we subscribe??
38. CA Sunil |   Link |  Bookmark |October 11, 2022 5:07:05 PM
Member who are complaining of non allotment of sme ipo and blaming their luck, can apply in this ipo and can get full allotment 😊
38.5. Amit Surana |   Link |  Bookmark |October 13, 2022 11:24:36 AM (400+ Posts)
VERY TRUE...

but will this reach the 100% mark ???

any more extension possible ???
38.6. antarix |   Link |  Bookmark |October 13, 2022 2:03:31 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
As per SEBI regulations, minimum 90% mark is required , which Pace has almost reached.
37. antarix |   Link |  Bookmark |October 13, 2022 12:53:45 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
As per SEBI regulations, at least 90 % of the shares offered in IPO should be subscribed to get the company listed. Underwriters can buy the remaining ones. Pace has reached 79 per cent of that limit, so it should increase its pace as today is the last day.

Or one more extension? ये दिल मांगे More?

अगर Pace शेयर प्राइस काम कर लेता तो उसे ये दिन नहीं देखने पड़ते. पर लालच की हद नहीं है I
36. Amit Surana |   Link |  Bookmark |October 13, 2022 11:46:20 AM (400+ Posts)
GMP just -3
even after so many days extension the discount is too low in Grey market.. that is really surprising :)
35. CA. Sanchit Jain |   Link |  Bookmark |October 11, 2022 5:50:45 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
In my view, the Company/ LM should have reduced the IPO price to gain some momentum in this IPO. They have not done this, then how this IPO will sail through?
35.1. Amit Surana |   Link |  Bookmark |October 13, 2022 11:25:15 AM (400+ Posts)
they dont have underwriter appointed for such cases???
34. AKJIPOKING |   Link |  Bookmark |October 10, 2022 11:04:11 AM
@Admin and Respected Members - Which broker allows to Sell and Buy SME scripts/shares online ? Currently, I have demat account in Angel and they don't allow this.
34.18. Team Chittorgarh.com |   Link |  Bookmark |October 11, 2022 9:45:47 PM
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
@Jey Nayak,
Technically the PAN number in IPO Application, Demat Account (Primary Account Holder), and Bank Account (Primary Account Holder) should be the same.

If you use the bank account of someone else, it is considered 3rd party IPO application.

UPI ID is directly link to a perticular bank account.

Thank you,
Admin @ Chittorgarh.com

ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account

34.19. GJ 😀 |   Link |  Bookmark |October 13, 2022 11:17:23 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@AKJIPOKING,

All your doubts were clarified by others and Admin
Still
Yes, I am personally using Zerodha for all 6 members of my family.
Also, there is no difference in applying IPOs, pre-open, buy-sell after listing, anything.
Like Admin confirmed, no relation of IPO allotment and broker.
33. i For IPO ☑️ |   Link |  Bookmark |October 11, 2022 3:32:40 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
This is Issue Is Like My Goa Trip With Friends
Always Postponing 😀
33.1. i For IPO ☑️ |   Link |  Bookmark |October 12, 2022 4:13:37 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
Again Postponed??
😂😂
33.2. Elon Rusk |   Link |  Bookmark |October 13, 2022 10:02:57 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Looks like it will be postponed again
32. Boxowi |   Link |  Bookmark |October 12, 2022 1:20:07 PM
It will list worse than swastik??
32.1. Gaurav DD dimer |   Link |  Bookmark |October 12, 2022 4:00:45 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
No, Swastik everyone applied for 10% Gmp (fearful investors sold in preopen)

Here risk takers will apply only as no gmp ( result in less fearful selling). so discount listing possible but not that much.
31. ChangaSi |   Link |  Bookmark |October 11, 2022 2:21:13 PM
Lagta hain ea ipo pura mahiney open rahega 😂
31.1. Elon Rusk |   Link |  Bookmark |October 11, 2022 2:57:21 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Still wont subscribe fully
31.2. svh |   Link |  Bookmark |October 11, 2022 5:37:24 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Pure mahiney mai naya saal bhi aa jayega diwali ke baad lekin Pace ki pace nahi badhegi ! :)
🙏👍