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Pune E-Stock Broking Limited IPO (Pune E-Stock Broking IPO) Detail

March 7, 2024 - March 12, 2024

Pune E-Stock Broking IPO is a book built issue of Rs 38.23 crores. The issue is entirely a fresh issue of 46.06 lakh shares.

Pune E-Stock Broking IPO bidding started from March 7, 2024 and ended on March 12, 2024. The allotment for Pune E-Stock Broking IPO was finalized on Wednesday, March 13, 2024. The shares got listed on BSE SME on March 15, 2024.

Pune E-Stock Broking IPO price band is set at ₹78 to ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹265,600.

Share India Capital Services Private Limited is the book running lead manager of the Pune E-Stock Broking IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Pune E-Stock Broking IPO is Share India Securities.

Refer to Pune E-Stock Broking IPO RHP for detailed information.

Pune E-Stock Broking IPO Details

IPO Date March 7, 2024 to March 12, 2024
Listing Date March 15, 2024
Face Value ₹10 per share
Price Band ₹78 to ₹83 per share
Lot Size 1600 Shares
Total Issue Size4,606,400 shares
(aggregating up to ₹38.23 Cr)
Fresh Issue4,606,400 shares
(aggregating up to ₹38.23 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue11,044,458
Share holding post issue15,650,858
Market Maker portion691,200 shares
Share India Securities

Pune E-Stock Broking IPO Reservation

Pune E-Stock Broking IPO offers 4,606,400 shares. 782,400 (16.99%) to QIB, 588,800 (12.78%) to NII, 1,371,200 (29.77%) to RII and 1,172,800 (25.46%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,172,800 (25.46%)
Market Maker Shares Offered691,200 (15.01%)
QIB Shares Offered782,400 (16.99%)
NII (HNI) Shares Offered588,800 (12.78%)
Retail Shares Offered1,371,200 (29.77%)
Total Shares Offered4,606,400 (100%)

Pune E-Stock Broking IPO Anchor Investors Details

Pune E-Stock Broking IPO raises Rs 9.73 crore from anchor investors. Pune E-Stock Broking IPO Anchor bid date is March 6, 2024. Pune E-Stock Broking IPO Anchor Investors list

Bid Date March 6, 2024
Shares Offered 1,172,800
Anchor Portion Size (In Cr.) 9.73
Anchor lock-in period end date for 50% shares (30 Days) April 12, 2024
Anchor lock-in period end date for remaining shares (90 Days) June 11, 2024

Pune E-Stock Broking IPO Timeline (Tentative Schedule)

Pune E-Stock Broking IPO opens on March 7, 2024, and closes on March 12, 2024.

IPO Open Date Thursday, March 7, 2024
IPO Close Date Tuesday, March 12, 2024
Basis of Allotment Wednesday, March 13, 2024
Initiation of Refunds Thursday, March 14, 2024
Credit of Shares to Demat Thursday, March 14, 2024
Listing Date Friday, March 15, 2024
Cut-off time for UPI mandate confirmation 5 PM on March 12, 2024

Pune E-Stock Broking IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹132,800
Retail (Max) 1 1600 ₹132,800
HNI (Min) 2 3,200 ₹265,600
Lot Size Calculator

Pune E-Stock Broking IPO Promoter Holding

Mr. Vrajesh Krishnakumar Shah, Mr. Devendra Ramchandra Ghodnadikar, Mr. Vrajesh Navnitbhai Shah, Mr. Sandip Sunderlal Shah, Mr. Paresh Sunderlal Shah, and Daidipya Ghodnadikar are the promoters of the company.

Share Holding Pre Issue 72.75%
Share Holding Post Issue 51.34%

About Pune E-Stock Broking Limited

Incorporated in 2007, Pune E-Stock Broking Limited (PESB) is a corporate broking house.

The company offers

  • Client Broking: where users can invest or trade in shares via PESB's platform, receiving real-time quotes, easy execution via mobile app, website or call, the latest market news and updates, and the service of support staff.
  • Depository facility: The company also offers a depository facility to Equity trading clients as part of an integrated service offering through CDSL. The company has a client base of 23,155 active clients in its Depository.
  • Mutual funds: The company offers various mutual fund investment options in equity, debt, and hybrid funds.
  • Corporate Deposits: Investors can make corporate deposits directly through the company's website or use the convenience of online investment platforms or brokers to facilitate their investments.
  • Currency trading services: The company offers foreign exchange trading through multiple trading channels, creating unique investment opportunities and limitless creativity for hedging, speculation, and portfolio diversification.

The company offers its services via its web-based trading platform Aero and its mobile trading app. Users can manage their investments, keep up to date with market trends, and make trades on the go.

As of March 2023, the company had a total of 60,640 customers, including authorized persons (spread across more than 10 cities) and direct customers, and has two branches in Ahmedabad and Delhi.

In FY 2023, the company has 79 employees, including directors and KMP, administrative/managerial staff, and unskilled workers.

Pune E-Stock Broking Limited Financial Information (Restated Consolidated)

Pune E-Stock Broking Limited's revenue decreased by -12.06% and profit after tax (PAT) dropped by -4.69% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets22,224.7615,801.0016,314.2413,288.68
Revenue3,010.804,103.104,665.703,474.64
Profit After Tax610.67964.521,012.03650.48
Net Worth8,259.667,654.666,754.555,806.65
Reserves and Surplus7,155.226,918.366,018.265,070.35
Total Borrowing826.191,853.741,640.171,195.00
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Pune E-Stock Broking IPO is Rs 129.9 Cr.

KPI as of September 30, 2023.

KPI Values
ROE7.30%
ROCE8.25%
RoNW7.39%
P/BV0.77
PAT Margin (%)22.9
Pre IPO Post IPO
EPS (Rs) 8.737.04
P/E (x) 9.511.79
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2023 that is available in RHP.

Objects of the Issue (Pune E-Stock Broking IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To meet working capital requirements;
  2. General Corporate Purpose; and
  3. Public Issue Expenses.

Pune E-Stock Broking IPO Review (Apply)

[Dilip Davda]  The company that is currently providing broking services is mulling expansion of its activities by adding more segments to be a financial services provider under one roof. Though it posted inconsistency in its top and bottom lines for FY21 to FY23, its working for H1-FY24 indicates the results of its expansion. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. Read detail review...


Pune E-Stock Broking IPO Subscription Status (Bidding Detail)

The Pune E-Stock Broking IPO is subscribed 371.16 times on March 12, 2024 7:02:00 PM. The public issue subscribed 338.92 times in the retail category, 123.02 times in the QIB category, and 775.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB123.02
NII775.99
Retail338.92
Total371.16

Total Application : 438,216 (511.34 times)

Pune E-Stock Broking IPO Rating

3
4.7
Rating:Rated 4.7 stars
Vote Here ...

Pune E-Stock Broking IPO Listing Details

Listing Date March 15, 2024
BSE Script Code 544141
NSE Symbol
ISIN INE510U01018
Final Issue Price ₹83 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹83.00
₹130.00
₹123.50
₹136.50
₹133.18

Check IPO Performance…

Pune E-Stock Broking Limited Contact Details

Pune E-Stock Broking Limited
1198 Shukrawar Peth,
Shubhash Nagar, Lane No 3,
Pune – 411002
Phone: +91-020-41000600
Email: info@pesb.co.in
Website: http://www.pesb.co.in/

Pune E-Stock Broking IPO Registrar

Bigshare Services Pvt Ltd

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

Pune E-Stock Broking IPO - Buy or Not

Pune E-Stock Broking IPO Recommendation Summary

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

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Pune E-Stock Broking IPO FAQs

Pune E-Stock Broking IPO is a SME IPO of 4,606,400 equity shares of the face value of ₹10 aggregating up to ₹38.23 Crores. The issue is priced at ₹78 to ₹83 per share. The minimum order quantity is 1600 Shares.

The IPO opens on March 7, 2024, and closes on March 12, 2024.

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

Steps to apply in Pune E-Stock Broking 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 'Pune E-Stock Broking 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 Pune E-Stock Broking IPO opens on March 7, 2024 and closes on March 12, 2024.

Pune E-Stock Broking IPO lot size is 1600 Shares, and the minimum amount required is ₹132,800.

You can apply in Pune E-Stock Broking 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 Pune E-Stock Broking IPO will be done on Wednesday, March 13, 2024, and the allotted shares will be credited to your demat account by Thursday, March 14, 2024. Check the Pune E-Stock Broking IPO allotment status.

The Pune E-Stock Broking IPO listing date is on March 15, 2024.
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Pune E-Stock Broking IPO Message Board

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266 Comments

119. ManishDwiv |   Link |  Bookmark |March 20, 2024 6:43:22 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
20/03/2024      PESB

      HKG MONEY TECH PRIVATE LIMITED.       BUY       200,000       114.20

      ARIKA SECURITIES PRIVATE LIMITED       BUY      99,200       126.18
118. Scrip |   Link |  Bookmark |March 20, 2024 11:30:44 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Added one lot today.
117. ManishDwiv |   Link |  Bookmark |March 15, 2024 5:44:06 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
*Pune broking BULK TODAY*

ADITYA RASHMIKANT DHARIA       BUY       116,800.       136.24

RAGHAV KAROL HUF.       BUY      100,800.       130.00

SANGEETA SHETALBHAI SHAH       BUY.       96,000       130.00
117.1. CL BASSI |   Link |  Bookmark |March 15, 2024 6:49:25 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
QIB jb sell or buy krta h to unka name bulk deal me kyo nhi aata?????

It is Big question ❓❓❓❓
117.2. Simply Vicky |   Link |  Bookmark |March 15, 2024 8:51:53 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
It seems that one of the bulk buyer sangeeta shah is connected with promoter family.
116. GAUTAM GOYAL |   Link |  Bookmark |March 15, 2024 2:11:46 PM
HDFC securities deducted Rs. 1418 on sale of 1 lot of Pune estock....isn't it too high...please advice if this is normal or high...this was my first
116.2. MaheshJain |   Link |  Bookmark |March 15, 2024 8:12:24 PM
@GAUTAM GOYAL 
Check contract note for more details
116.3. KGSKIPO |   Link |  Bookmark |March 18, 2024 10:52:57 AM (300+ Posts)
Brokerage itself will come around 1000.You opt for discount brokers and this will be zero for equity delivery.
115. Simply Vicky |   Link |  Bookmark |March 15, 2024 3:18:31 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Operator continued defying lower circuit with matching orders enticing innocent retail investors to participate for fresh buying.
It seems that their plan did not get through. However they attempted many time to take this stock at UC.
114. GAUTAM GOYAL |   Link |  Bookmark |March 15, 2024 1:37:39 PM
Sold one lot at 125
113. ARJUN'S EYE |   Link |  Bookmark |March 15, 2024 10:07:37 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Sold in preopen...
113.3. ARJUN'S EYE |   Link |  Bookmark |March 15, 2024 12:33:56 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
@W. Buffett 
Preopen time is 9.00 to 9.44 and for sale keep order as normal trade in zerodha....

@Vimal Garodia
राजस्थान में कहा से हो ?
113.4. Vimal Garodia |   Link |  Bookmark |March 15, 2024 12:56:33 PM
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
नही अर्जुन भाई, मैं मुंबईसे हूं....
112. GAUTAM GOYAL |   Link |  Bookmark |March 15, 2024 11:04:25 AM
It is trying to break the LC and make an upward move towards 124-125
112.1. IPONEED |   Link |  Bookmark |March 15, 2024 11:55:48 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Members

AGAR KISI STOCK ME MANSI AND MULTIPILER ENTRY KR GYE TO SAMJH LENA LC MORE IN FUTURE
111. IPONEED |   Link |  Bookmark |March 15, 2024 11:51:50 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Jo kl bol rhe the ki shree karni and sona machinery ke pre open 1 lot liya h 2 lot buy kiye wo ab pune e broking m bhi lelo

matlb jo UC me hota h uske liy bolte h or jo LC m usme koi nhi bol rha h

gajab fenkte ho yaar
111.1. Varun Singla |   Link |  Bookmark |March 16, 2024 12:11:05 PM
Brought one lot at LC yesterday.
110. CL BASSI |   Link |  Bookmark |March 15, 2024 10:58:11 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Almost all HNI or Retailers sold this stock Today????????
109. Simply Vicky |   Link |  Bookmark |March 15, 2024 10:20:42 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Fellow CG members downside trend started in PESB, now people buying in pre-open along with people holding this stock may enzoy LC wiping out their capital.
109.2. TGG |   Link |  Bookmark |March 15, 2024 10:31:11 AM
UC laga tha... QIB:P aake bech diya
109.3. Simply Vicky |   Link |  Bookmark |March 15, 2024 10:54:01 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@kapz i described my view for innocent investors who are getting trapped and are losing their capital.
I am considerate and want to disclose things in the interest of CG members.
108. W. Buffett |   Link |  Bookmark |March 15, 2024 10:50:41 AM
Hit lower circuit 😑
107. Mr. Agrawal |   Link |  Bookmark |March 15, 2024 9:46:40 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Sona machinery ko chod kar baki sab ki listing acchi Hui ... Sab Samay Samay ki baat hai.. jisme allotment aaya tha wha 115000 ka -18000 khula ...
107.1. Simply Vicky |   Link |  Bookmark |March 15, 2024 9:55:03 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Plz mind that sona may generate good returns in medium term than PUNE Estock broking.
107.2. rohiitian |   Link |  Bookmark |March 15, 2024 10:22:19 AM
IPO Mentor IPO Mentor (1000+ Posts, 600+ Likes)
Suppressed listing was good for non-allottees (the majority). Gave chance to enter Shree Karni & Sona at excellent price. Sona Machinery is a good biz, but might have reached the short term top now given valuations.

Better to reach the top in a stable way, rather than shoot past with UCs and then trap new buyers with LCs. Hope that behavior will reduce now.
106. Vikas Rana |   Link |  Bookmark |March 15, 2024 9:41:19 AM
Hello seniors and experts
I have been alloted this IPO but it's not showing in my Kotak Securities account. What do to. Please help.
106.2. Vimal Garodia |   Link |  Bookmark |March 15, 2024 9:50:13 AM
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
Please call customer care and ask why is it not showing and if they can sell on your behalf..

All the best..
106.3. Vikas Rana |   Link |  Bookmark |March 15, 2024 10:06:20 AM
Thank you @W. Buffett  And @Vimal Garodia  for your response. I have talked with customer care and they told me that it would show after 10 am and i have to sell by adding in watchlist but it's not showing in watchlist also. I will ask them to place the order on my behalf.
105. Deepblue |   Link |  Bookmark |March 15, 2024 9:00:12 AM (200+ Posts)
Bse pre open link?
105.5. Vimal Garodia |   Link |  Bookmark |March 15, 2024 9:47:23 AM
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
Great, Congrats. Nice profit. Hope you can spare some for your favorite charity..
105.6. Deepblue |   Link |  Bookmark |March 15, 2024 10:04:05 AM (200+ Posts)
Sure. Already in process of opening a trust with my family members.
104. Smile✍️ |   Link |  Bookmark |March 15, 2024 9:27:42 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Was safest bid
Turning towards Not discount but disappointing listing
Now 44% against expected 90%
Let's hope for best.
104.1. Simply Vicky |   Link |  Bookmark |March 15, 2024 10:00:35 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Its sideways market...people were also expecting 90% gain koura diamond. You know the pre open price. Its all about co fundamentals along with present market conditions.
In case every sme ipo open with 90% gain, people will become millionaire soon.
103. Kapz |   Link |  Bookmark |March 15, 2024 9:41:53 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Those considering buying, stay watchful!
103.1. Simply Vicky |   Link |  Bookmark |March 15, 2024 9:51:02 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Sound investors should stay away observing present market condition. It is only operators game to trap retail investors. There is found nothing special to invest here comparatively angel broking which is also witnessing slowdown in demat account opening as of date. Further there are very few people who know about it and are having demat account with this firm.
103.2. ultrasnow |   Link |  Bookmark |March 15, 2024 9:52:50 AM
Bought in pre-open
102. ROAR |   Link |  Bookmark |March 15, 2024 9:48:12 AM (200+ Posts)
Pune E-Stock Broking
Price: 130.00
Premium: +56.63%
101. W. Buffett |   Link |  Bookmark |March 15, 2024 9:47:46 AM
Take listing gains and exit from this bear market.
100. ARJUN'S EYE |   Link |  Bookmark |March 15, 2024 9:42:11 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Pune e-stock broking Ltd BSE SME IPO.
BSE Code:-544141                  
Symbol:-PESB
Group:-MT
ISIN:-INE510U01018
Issue Price:-83/-
Market Lot:-1600 Shares
Face Value:-10/-
Listing At:-BSE SME