The Pune E-Stock Broking IPO opened for subscription on Thursday, March 7, and will close on Tuesday, March 12. The price band for the IPO has been fixed in the range of ₹78 to ₹83 per share, with a face value of ₹10 each. The lot size comprises 1,600 shares, and investors can bid for a minimum of 1,600 shares and in multiples thereof.
The IPO has reserved not more than 50% of the shares for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and a minimum of 35% for retail investors. Additionally, the market maker category has been allocated up to 6,91,200 equity shares, representing 15% of the total issue.
Pune E-Stock Broking Ltd, as described in the Red Herring Prospectus (RHP), operates as a corporate brokerage business. The company primarily offers trading platforms for equities, futures & options, currency, and commodities through CTCL (Computer to Computer Link) Terminals, Web Interfaces, and Mobile Apps (Android & iOS) in collaboration with stock exchanges such as NSE, BSE, and MCX.
The company serves both direct clients and authorized persons across more than ten cities, with a total client base of 60,640 as of March 2023. It has branch offices in Delhi and Ahmedabad.
