Pace E-Commerce Ventures Limited SME IPO

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, 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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
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 DateSep 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 Size1200 Shares
Issue Size6,459,600 shares of ₹10
(aggregating up to ₹66.53 Cr)
Fresh Issue4,000,000 shares of ₹10
(aggregating up to ₹41.20 Cr)
Offer for Sale2,459,600 shares of ₹10
(aggregating up to ₹25.33 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company PromotersMr. 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.

Pace E-Commerce Ventures IPO Opening DateSep 29, 2022
Pace E-Commerce Ventures IPO Closing DateOct 4, 2022
Basis of AllotmentOct 10, 2022
Initiation of RefundsOct 11, 2022
Credit of Shares to DematOct 12, 2022
Pace E-Commerce Ventures IPO Listing DateOct 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).

Retail (Min)11200₹123,600
Retail (Max)11200₹123,600

Pace E-Commerce Ventures IPO Promoter Holding

Pre Issue Share Holding91.12%
Post Issue Share Holding65%

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.

CategorySubscription (times)

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

Pace E-Commerce Ventures IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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