Business Standard

Pace E-Commerce Ventures Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

66.53 cr

Price Range (₹)

103

Lot Size

1200

Min Investment (₹)

1,23,600.00

Listing Exchange

BSE - SME

Open Date

29-Sept-2022

Close Date

13-Oct-2022

Listing Date

20-Oct-2022

Pace E-Commerce Ventures Ltd News

    The Shares of Pace E-Commerce Ventures Ltd have now been listed.

    Pace E-Commerce Ventures Ltd IPO Details

    Initial public offer of 64,59,600 equity shares of face value of Rs. 10/- each of Pace E-Commerce Ventures Limited (PEVL or the Company or the Issuer) for cash at a price of Rs. 103 per equity share including a share premium of Rs. 93 per equity share (the Issue Price) aggregating to Rs. 66.53. crores (The Offer) comprising of fresh issue of 40,00,000 equity shares of Rs. 103 per equity shares aggregating to Rs. 41.20 crores and offer for sale of 24,59,600 equity shares by selling shareholders of Rs. 103 per equity shares aggregating to Rs. 25.33 crores, of which 3,32,400 equity shares of face value of Rs. 10 each will for cash at a price of Rs. 103 per equity share including a share premium of Rs. 93 per equity share aggregating to Rs. 3.42 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 61,27,200 equity shares of face value of Rs. 10 each at a price of Rs. 103 per equity share aggregating to Rs. 63.11 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 28.67% and 27.19 % respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00/- each and the issue price is 10.3 times of the face value.Minimum application of 1200 equity shares and in multiples of 1200 equity shares thereafter.

    Objective of issue

    Acquisition of Plant and Machineries. Long Term Working Capital Requirements. General Corporate Purposes.

    Pace E-Commerce Ventures Ltd Contact Details

    Pace E-Commerce Ventures Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - compliance@pacesports.in

    Website - www.cotandcandy.com