Pune E-Stock Broking is currently undergoing its Initial Public Offering (IPO), aiming to raise Rs 38.23 crores through a book-built issue. The IPO, which opened for subscription on March 7, 2024, is set to close today, on March 12, 2024. The company plans to issue 46.06 lakh fresh shares in this offering.
The Pune E-Stock Broking IPO has garnered significant attention, witnessing a robust response from investors. The subscription status, as of March 12, 2024, at 12:15 PM (Day 3), stands at an impressive 120.46 times. This overwhelming response is reflective of strong investor interest in the IPO.
Here are some key details regarding the Pune E-Stock Broking IPO:
– **Issue Size:** Rs 38.23 crores
– **Fresh Issue:** 46.06 lakh shares
– **IPO Period:** March 7, 2024, to March 12, 2024
– **Allotment Date:** March 13, 2024 (Expected)
– **Listing Date:** March 15, 2024 (Tentative)
– **Price Band:** Rs 78 to Rs 83 per share
– **Minimum Lot Size:** 1600 Shares
– **Minimum Investment (Retail):** Rs 1,32,800
– **Minimum Investment (HNI):** Rs 2,65,600 (2 lots or 3,200 shares)
The strong subscription numbers indicate substantial demand across various investor categories. In the retail category, the IPO is oversubscribed by an impressive 176.15 times, while the Non-Institutional Investors (NII) category is oversubscribed by 140.26 times. Even the Qualified Institutional Buyers (QIB) category, although relatively lower, has witnessed a healthy subscription rate of 7.96 times.
**Category-wise Subscription Details:**
– **QIB:** 7.96 times (62,27,200 shares bid for out of 7,82,400 shares offered)
– **NII:** 140.26 times (8,25,85,600 shares bid for out of 5,88,800 shares offered)
– **Retail:** 176.15 times (24,15,42,400 shares bid for out of 13,71,200 shares offered)
The total number of applications received for the Pune E-Stock Broking IPO stands at 221,620.
The IPO is poised to list on the BSE SME platform, with the tentative listing date scheduled for March 15, 2024. The response to the IPO reflects the market’s confidence in Pune E-Stock Broking’s business and growth prospects. Investors are eagerly awaiting the allotment and listing to see how the company’s shares perform in the secondary market.
