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

Sep 29, 2022 - Oct 13, 2022

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

Objects of the Issue

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 Details

IPO Date Sep 29, 2022 to Oct 13, 2022
Listing Date Thursday, October 20, 2022
Face Value ₹10 per share
Price ₹103 per share
Lot Size 1200 Shares
Issue Size6,459,600 shares of ₹10
(aggregating up to ₹66.53 Cr)
Fresh Issue4,000,000 shares of ₹10
(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
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Shaival Dharmendra Gandhi is the company promoter.

Pace E-Commerce Ventures IPO Tentative Timetable

Pace E-Commerce Ventures IPO opens on Sep 29, 2022, and closes on Oct 13, 2022. The Pace E-Commerce Ventures IPO bid date is from Sep 29, 2022 10.00 A.M. to Oct 13, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 29, 2022
Closing Date Oct 13, 2022
Basis of Allotment Oct 18, 2022
Initiation of Refunds Oct 19, 2022
Credit of Shares to Demat Oct 20, 2022
Listing Date Oct 20, 2022

Pace E-Commerce Ventures IPO Lot Size

The Pace E-Commerce Ventures IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹123,600).

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

Pace E-Commerce Ventures IPO Promoter Holding

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

Pace E-Commerce Ventures IPO Review

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 Oct 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)
NII1.72
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 Date

Listing Date Thursday, October 20, 2022
BSE Script Code 543637
NSE Symbol
Listing In MT Group of Securities
ISIN INE0N1L01018
IPO Price ₹103 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹103.00
₹104.50
₹104.50
₹109.70
₹109.70

Company Contact Information

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: http://www.bigshareonline.com

Pace E-Commerce Ventures IPO Review

Pace E-Commerce Ventures IPO Recommendation Summary

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

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IPO Broker Recommendations

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 Sep 29, 2022, and closes on Oct 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 Sep 29, 2022 and closes on Oct 13, 2022.

Pace E-Commerce Ventures IPO lot size is 1200 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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113 Comments

50. IPOmentor |   Link |Nov 23, 2022 12:28:04 PM
New Member New Member
Abhi pura zahar nikalana baki hai. wait for buying you will get around 20
49. Takamichi |   Link |Nov 21, 2022 12:13:20 PM
IPO Mentor IPO Mentor (600+ Posts, 600+ 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 |Nov 22, 2022 1:16:38 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 |Nov 22, 2022 1:26:57 PM
Top Contributor Top Contributor (300+ Posts, 100+ 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 |Nov 18, 2022 5:50:54 PM
New Member New Member
sab ko milega bhai 20 tak ayega
47. Destiny Voyager |   Link |Nov 15, 2022 12:30:07 PM
PACE is 50% down and still big selling pressure Daily basis..
What is your view on fresh entry guys??
46. Gaurav DD dimer |   Link |Nov 9, 2022 9:33:41 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
3rd Big LC Continuously.
20% +20%+10%
45. Boxowi |   Link |Oct 20, 2022 9:14:32 AM
Anyone buying at current price? What should be price to enter?
45.7. Takamichi |   Link |Nov 17, 2022 10:35:23 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ 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 |Nov 18, 2022 5:49:33 PM
New Member New Member
weighting for 20rupee per share for intrinsic value
44. Trueinfo |   Link |Oct 25, 2022 10:04:54 AM
IPO Guru IPO Guru (1100+ Posts, 1300+ Likes)
Pace is flying post listing. How almost everyone got proved wrong here!!! Strange.
44.2. Elon Rusk |   Link |Nov 14, 2022 4:15:13 PM
Top Contributor Top Contributor (200+ Posts)
Its now down by 50% from IPO price. Just 3 weeks from this comment
44.3. Adityasingh |   Link |Dec 2, 2022 12:02:12 PM
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 |Oct 20, 2022 11:01:04 AM
IPO Guru IPO Guru (1100+ Posts, 1300+ Likes)
Listed at par. Capital saved.
42. Khan chacha |   Link |Oct 19, 2022 10:07:05 PM
Any update on allotment?
42.1. P S S |   Link |Oct 19, 2022 10:41:52 PM
Allotment allready done. Tomorrow listing of this scrip on BSE. This is for your kind information please.
41. svh |   Link |Oct 13, 2022 3:19:30 PM
IPO Guru IPO Guru (1300+ Posts, 2400+ 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 |Oct 13, 2022 6:17:45 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
It's totally manage by operator
41.2. svh |   Link |Oct 13, 2022 6:45:26 PM
IPO Guru IPO Guru (1300+ Posts, 2400+ Likes)
Agreed. These both LMs are brothers w.r.t listing loss.
🙏👍
40. Anari Investor |   Link |Oct 13, 2022 5:57:15 PM
HA-HA-HA-HA. AND HERE COMES THE WINNER. Subscribed more than 1 time. Par retail niveshak isme nahi kooda.
39. Khan chacha |   Link |Oct 13, 2022 5:21:02 PM
Should we subscribe??
38. CA Sunil |   Link |Oct 11, 2022 6:07:05 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 |Oct 13, 2022 12:24:36 PM
Top Contributor Top Contributor (300+ Posts)
VERY TRUE...

but will this reach the 100% mark ???

any more extension possible ???
38.6. antarix |   Link |Oct 13, 2022 3:03:31 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
As per SEBI regulations, minimum 90% mark is required , which Pace has almost reached.
37. antarix |   Link |Oct 13, 2022 1:53:45 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ 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 |Oct 13, 2022 12:46:20 PM
Top Contributor Top Contributor (300+ 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 |Oct 11, 2022 6:50:45 PM
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 |Oct 13, 2022 12:25:15 PM
Top Contributor Top Contributor (300+ Posts)
they dont have underwriter appointed for such cases???
34. AKJIPOKING |   Link |Oct 10, 2022 12:04:11 PM
@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 |Oct 11, 2022 10:45:47 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ 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, Team Chittorgarh.com

ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account

Disclaimer: Equity investments are subject to 100% market risks. Refer to your financial consultant's advice before Investing. This group is only for Educational and Learning, Knowledge Purposes. Admins have no responsibility for your intended decision & financial losses. Keep calculated & always analyzed your cash position and risk-bearing capacity before following msg of our group.

34.19. GJ 😀 |   Link |Oct 13, 2022 12:17:23 PM
IPO Guru IPO Guru (1000+ Posts, 300+ 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 |Oct 11, 2022 4:32:40 PM
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
This is Issue Is Like My Goa Trip With Friends
Always Postponing 😀
33.1. i For IPO ☑️ |   Link |Oct 12, 2022 5:13:37 PM
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
Again Postponed??
😂😂
33.2. Elon Rusk |   Link |Oct 13, 2022 11:02:57 AM
Top Contributor Top Contributor (200+ Posts)
Looks like it will be postponed again
32. Boxowi |   Link |Oct 12, 2022 2:20:07 PM
It will list worse than swastik??
32.1. Gaurav DD dimer |   Link |Oct 12, 2022 5:00:45 PM
Top Contributor Top Contributor (300+ Posts, 100+ 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 |Oct 11, 2022 3:21:13 PM
New Member New Member
Lagta hain ea ipo pura mahiney open rahega 😂
31.1. Elon Rusk |   Link |Oct 11, 2022 3:57:21 PM
Top Contributor Top Contributor (200+ Posts)
Still wont subscribe fully
31.2. svh |   Link |Oct 11, 2022 6:37:24 PM
IPO Guru IPO Guru (1300+ Posts, 2400+ Likes)
Pure mahiney mai naya saal bhi aa jayega diwali ke baad lekin Pace ki pace nahi badhegi ! :)
🙏👍