IPO Issue Details
Issue Price / Price Band₹103 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size64,59,600 shares (aggregating up to ₹66.53 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 29 Sep 2022
Subscription CloseThu, 13 Oct 2022
Anchor AllotmentWed, 28 Sep 2022
Basis of AllotmentTue, 18 Oct 2022
Initiation of RefundsWed, 19 Oct 2022
Credit of Shares to DematThu, 20 Oct 2022
Listing DateThu, 20 Oct 2022
UPI Mandate Deadline2022-10-13
Application & Investment Details
Retail — Min (1 Lots)₹1,23,600 — 1,200 shares
Retail — Max (13 Lots)₹1,606,800 (13 Lots)
HNI — Min (2 Lots)₹2,47,200 — 2,400 shares
P/E Ratio (Pre-IPO)429.16x
Net Offer to Public61,27,200 shares (aggregating up to ₹63.11 Cr)
Reserved for Market Maker3,32,400 shares (aggregating up to ₹3.42 Cr)
Pre-IPO Promoter Holding1,85,33,510 shares
Post-IPO Promoter Holding2,25,33,510 shares
Fresh Issue Shares36,67,600 shares (aggregating up to ₹37.78 Cr)
Offer for Sale Shares24,59,600 shares of ₹10 (aggregating up to ₹25.33 Cr)
About Pace E-Commerce Ventures Ltd.
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 TeamThe company's insights of Indian Consumers and merchants.
Objects of the Issue
Pace E-Commerce Ventures Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Acquisition of plant and machineries
9.74
2
2 Working capital requirement
12.00
3
3 General Corporate Purpose
10.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,85,33,510 shares
Post-IPO Promoter Holding
2,25,33,510 shares