Pune E-Stock Broking Limited IPO Closed

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IPO date 07 Mar 2024 – 12 Mar 2024
Listing date 15 Mar 2024
Price range 78 – 83
Minimum order quantity 1600
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Pune E-Stock Broking Limited is launching its IPO. The offer opens for subscription on 07th March 2024 and will close on 12th March 2024.

Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.

What does Pune E-Stock Broking Limited do?

Pune E – Stock Broking Limited (PESB) is a prominent financial services company established in 2007, known for its strategic amalgamations, IT initiatives, and commitment to growth. The leadership, including figures like Mr. Vrajesh Krishnakumar Shah, played a vital role in steering the company to prominence. PESB adapted to the evolving financial landscape, expanding its operations and demonstrating a robust capability to navigate complexities, ensuring consistent growth.

Key milestones in PESB’s journey include obtaining SEBI registration in 2008, merging with PSE Securities Limited and Vraj Share Services Private Limited in 2017, and becoming a member of MCX in 2019 to enter commodity trading. The company transformed into a “Limited” entity in 2020, launching a Trading App and ODIN web. Despite challenges posed by the COVID-19 pandemic in 2021, PESB achieved self-clearing member status, enhancing its ability to cater to diverse client needs. The company’s client-centric approach, with over 150 Authorized Persons and a client base exceeding 50,000, reflects its commitment to providing personalized solutions. PESB’s overarching mission is to redefine how individuals and institutions engage with the stock market.

Schedule/Timeline of Pune E-Stock Broking Limited IPO

Issue Period 7th March to 12th March 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment March 13, 2024
Initiation of Refunds March 14, 2024
Credit of Shares March 14, 2024
Date of Listing March 15, 2024
Mandate end date March 27, 2024
Anchor Investors Lock-In End Date (50% of the investment) April 12, 2024
Anchor Investors Lock-In End Date (Remaining investment) June 11, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Pune E-Stock Broking Limited IPO?

You can apply for the Pune E-Stock Broking Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Pune E-Stock Broking Limited IPO?

You can check the allotment status for the Pune E-Stock Broking Limited IPO on the website of the Registrar and Transfer agent.