1)Pace E-Commerce Ventures Limited IPO Details-
2) IPO Dates :
3)- IPO Promoter
4)- IPO Lot Size
5)-Financials of Pace E-Commerce Ventures Limited IPO:
6)-Objects
INTRODUCTION–
Incorporated in 2015, Pace E-Commerce Ventures Limited offers children’s furniture, bedding, housewares and essentials. https://allideass.com
PRODUCTS—- 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 etc.https://upstox.com/open-account/?f=4LB6Y8
Pace E-Commerce Ventures IPO will be Open on 29 September 2022 and closes on 04 October 2022. The company has fixed the price of this IPO at ₹103 according to the face value of ₹10. The company will raise ₹66.53 Crores through this IPO under the 64,59,600 Equity Shares public issue. And the offer is 100% Fixed Price Issue.
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.
We started with imports and distribution of branded international sports apparels and extended to various branded merchandise and accessories. Thereafter we acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kids Entertainment Industry.
RANGE -Endless possibilities with ever-growing designs and make-on demand concept
VALUE -Personalization & linked memories creating a unique identity or expression
COST -Scale & efficiency will help reduce costs, and pass on the benefits to the consumers
SPEED :Driven by superior technology, logistics and infrastructure
EASE: Ease of end-to-end ordering and delivery process, at the comfort of one‘s home
QUALITY: quality assured
The company passion to offer the utmost in quality, comfort, safety and style, took us to different parts of the world to curate a range so that Cot & Candy can offer products that are not only safe and comfortable, but also stylish, fun and built to adapt to your children’s needs. The company now serve customers all over the country, and are thrilled that we’re able to turn our passion into our own online store and offer you a wonderful experience
Competitive Firmness :
- Agreements with widely known companies working for kids.
- Founder led management Team
- The company’s insights of Indian Consumers and merchants.
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–
1. Acquisition of plant and machineries
2. Working capital requirement
3. General Corporate Purpose
4. Meeting Public Issue Expenses
IPO Date—
| 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 |
| Fresh Issue | 4,000,000 shares |
| Offer for Sale | 2,459,600 share |
| 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. |
IPO Lot Size–
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹123,600 |
| Retail (Max) | 1 | 1200 | ₹123,600 |
IPO Promoter Holding–
| Pre Issue Share Holding | 91.12% |
| Post Issue Share Holding | 65% |
IPO Timetable—
| 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 |
Company Address:–
Pace E-Commerce Ventures Limited Anugrah Bunglow, Street4, Pallod Farms II, Shambhu Vihar Society, Nankude Vasti, Aundh, Pune -411045 Phone: +91 85309 99431 Email: [email protected] Website: https://www.cotandcandy.com/
