Pune E-Stock Broking IPO GMP, Details, Date, Price 2024

Pune E-Stock Broking IPO will be open for subscription on March 7, 2024. Check industry, financials, GMP and more.

Pune E-Stock Broking IPO Details

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IPO Dates 7 – 12 March 2024
Issue Price INR 78 – 83 per share
Fresh issue 46,06,400 shares
Offer For Sale NIL
Total IPO size 46,06,400 shares
Minimum bid (lot size) 1,600 shares (INR 1,32,800)
Face Value  INR 10 per share
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%
Listing On BSE, SME

Pune E-Stock Broking IPO – Date Schedule

 

IPO Open Date 7 March 2024
IPO Close Date 12 March 2024
Finalization of Basis of Allotment 13 March 2024
Refunds Initiation 14 March 2024
Transfer of shares to demat accounts 14 March 2024
Listing Date of IPO 15 March 2024

 

 

Pune E-Stock Broking IPO – About Company 

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Pune E-Stock Broking Limited (PESB) is a notable player in the financial services sector, renowned for its substantial presence and accomplishments. Established in 2007 and officially registered with SEBI as a Stock Broker (Member of BSE and NSE) in 2008, PESB has distinguished itself through its commitment to talent development. Beginning with a modest team of 15 members in 2007, PESB’s workforce has grown impressively, surpassing 70 employees by 2023.

The company boasts a robust network comprising over 150 Authorized Persons and serves a trading clientele exceeding 50,000 individuals. PESB also maintains a loyal client base of 23,155 active customers in its Depository. Noteworthy is the company’s trading performance in September 2023, achieving substantial volumes: INR 125,007.68L in cash, INR 143,150.84L in F&O Equity, and INR 48,033.10L in MCX F&O.

 

Pune E-Stock Broking IPO – Industry Overview 

 

As per CareEdge projections, revenue growth for the broking industry was anticipated to moderate to approximately 10% in FY23, reaching a range of ₹ 28000–30000 crore, and remain relatively stagnant in FY24E.

In FY22 alone, Indian investors opened an impressive 34.6 million demat accounts, nearly double the count from FY21. This trend can be attributed to factors like improved internet access, affordable smart devices, user-friendly interfaces provided by brokerages, and simplified KYC norms.

Number of investor accounts opened at CDSL and NSDL during 2022-23 registered growth of 31.8 per cent and 17.9 per cent, respectively, though the same has been lower as compared to growth rates of 2021-22. The number of listed companies signed up for dematerialization with CDSL and NSDL increased by 11.2 per cent (Y-o-Y) and 9.4 per cent (Y-o-Y), respectively, at the end of March 2023.

Pune E-Stock Broking IPO – Financial 

 

  FY 2022 FY 2023 Q1 FY 2024
Revenue 41.26 35.75 9.88
Expenses 34.05 28.84 7.91
Net income 10.12 9.64 2.75

Figures in INR Crores

 

Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 8.53 12.52 12.25
PE ratio 6.37 – 6.78
RONW (%) 11.20 14.98 12.60
NAV 78.86 91.74 103.96
ROCE (%) 15.12 16.44 15.40
EBITDA (%) 27.56 21.84 27.92
Debt/Equity 0.21 0.24 0.24

 

 

Competitive Strengths

 

  • Experienced Promoters and Management team;
  • Diversified yet integrated mix of business;
  • Long term relationship with the clients;
  • Strong Risk Management System.

 

Object Of The Issue

 

  • To meet working capital requirements;
  • General Corporate Purpose.

 

Pune E-Stock Broking IPO – GMP Today

 

Date Day-wise IPO GMP Kostak Subject to Sauda
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Allotment Status

 

Pune E-Stock Broking IPO allotment status will be available on the Bigshare Services website. Click on this link to get allotment status.

Pune E-Stock Broking IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1600 ₹1,32,800
Retail (Max) 1 1600 ₹1,32,800
HNI (Min) 2 3,200 ₹2,65,600

 

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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