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14 Nov 2024
Pune E-Stock Broking IPO: A Comprehensive Guide for Investors
Introduction:
Pune E-Stock Broking is making headlines with its forthcoming IPO, aiming to bolster its position in the financial services sector. This guide breaks down the essentials of the IPO, offering insights into why it might be an attractive proposition for potential investors.
Key IPO Details:
| IPO Dates | Listing Date | Price Band | Lot Size |
|---|---|---|---|
| March 7, 2024 - March 12, 2024 | Expected on March 15, 2024, on BSE SME | ₹78 to ₹83 per share | Minimum of 1600 shares |
| Detail | Information |
|---|---|
| Total Issue Size | 4,606,400 shares |
| Fresh Issue | 4,606,400 shares |
| Aggregated Value | ₹38.23 Crores |
Lead Manager and Registrar:
- - Book Running Lead Manager: Share India Capital Services Private Limited
- - Registrar: Bigshare Services Pvt Ltd
IPO Allocation:
| Category | Shares Offered | Percentage |
|---|---|---|
| QIB | 782,400 | 16.99% |
| NII | 588,800 | 12.78% |
| RII | 1,371,200 | 29.77% |
| Anchor Investors | 1,172,800 | 25.46% |
Company Overview:
Pune E-Stock Broking, established in 2007, operates as a corporate broking house offering a wide range of financial services. This includes client broking, depository facility, mutual funds, corporate deposits, and currency trading services. The company prides itself on a tech-driven approach, facilitating trading via its Aero web platform and mobile app.
Financial Snapshot:
| Financial Aspect | As of Sep 30, 2023 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| QIB Revenue (₹ Lakhs) | 3,010.80 | 4,103.10 | 4,665.70 | 3,474.64 |
| PAT (₹ Lakhs) | 610.67 | 964.52 | 1,012.03 | 650.48 |
| Net Worth (₹ Lakhs) | 8,259.66 | 7,654.66 | 6,754.55 | 5,806.65 |
Key Performance Indicators:
| Market Capitalization | ROE | ROCE | P/E Ratio |
|---|---|---|---|
| ₹129.9 Crores | 7.30% | 8.25% | Pre-IPO: 9.5, Post-IPO: 11.79 |
IPO Objectives:
The net proceeds from the issue are designated for expanding the company's working capital, supporting general corporate purposes, and covering public issue expenses.
Subscription Status:
As of the first day, the IPO witnessed substantial interest:
| Category | Subscription (times) |
|---|---|
| QIB | 7.05 |
| NII | 8.86 |
| Retail | 18.36 |
| Total | 13.09 |
Investment Consideration:
Pune E-Stock Broking's expansion into new segments underlines its ambition to become a comprehensive financial services provider. Despite recent fluctuations in financials, early signs of its strategic expansion's impact are evident in FY24's performance. While the IPO appears fully priced based on current valuations, it presents a potential medium to long-term investment opportunity, especially for those interested in the evolving landscape of financial services.
Conclusion:
The Pune E-Stock Broking IPO offers investors a chance to partake in the growth of a dynamic financial services firm. With its tech-driven approach and expansion strategy, the company is poised for growth, making it an attractive option for investors with a keen eye on the financial sector's future. As always, investors are advised to conduct thorough due diligence and consider their financial objectives before participating.
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