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
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 157.97 | 150.42 | 0.34 | 7.24 | 6.24 |
| 31-Mar-21 | 2786.01 | 171.89 | 7.18 | 2595.32 | 6.24 |
| 31-Mar-22 | 3241.71 | 1054.15 | 54.12 | 2649.44 | 817.54 |
| 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
| Pace E-Commerce Ventures IPO Date | Sep 29, 2022 to Oct 4, 2022 |
| Pace E-Commerce Ventures IPO Face Value | ₹10 per share |
| Pace E-Commerce Ventures IPO Price | ₹103 per share |
| Pace E-Commerce Ventures IPO Lot Size | 1200 Shares |
| Issue Size | 6,459,600 shares of ₹10 (aggregating up to ₹66.53 Cr) |
| Fresh Issue | 4,000,000 shares of ₹10 (aggregating up to ₹41.20 Cr) |
| Offer for Sale | 2,459,600 shares of ₹10 (aggregating up to ₹25.33 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Shaival Dharmendra Gandhi is the company promoter. |
Pace E-Commerce Ventures IPO Timeline (Tentative Timetable)
Pace E-Commerce Ventures IPO opens on Sep 29, 2022, and closes on Oct 4, 2022. The Pace E-Commerce Ventures IPO bid date is from Sep 29, 2022 10.00 A.M. to Oct 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Pace E-Commerce Ventures IPO Opening Date | Sep 29, 2022 |
| Pace E-Commerce Ventures IPO Closing Date | Oct 4, 2022 |
| Basis of Allotment | Oct 10, 2022 |
| Initiation of Refunds | Oct 11, 2022 |
| Credit of Shares to Demat | Oct 12, 2022 |
| Pace E-Commerce Ventures IPO Listing Date | Oct 13, 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 |
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.
Pace E-Commerce Ventures IPO Subscription Status (Bidding Detail)
The Pace E-Commerce Ventures IPO is subscribed 0.61 times on Oct 4, 2022 5:51:00 PM. The public issue subscribed 0.30 times in the retail category, times in the QIB category, and 0.91 times in the NII category.
| Category | Subscription (times) |
|---|---|
| NII | 0.91 |
| Retail | 0.30 |
| Total | 0.61 |
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