Founded in 2007, Pune E - Stock Broking (PESB) Limited offers stock broking services. The company started its journey with strategic mergers and innovative IT projects and extended its presence and impact in the financial services industry.
In 2008, the company was registered as a stock broker with SEBI. This outlook is anticipated to impact Pune E - Stock Broking Limited's business prospects positively. In 2017, PSE Securities Limited and Vraj Share Services Private Limited were merged into the company. In 2019, the company became a member of The Multi Commodity Exchange of India Limited (MCX). The company has a network of over 150 Authorised Persons and a trading client base of more than 50,000.
PESB’s products and services include Client Broking, Depository Participant, Mutual Funds, Corporate Deposits and Currency.
The stock broking sector has transformed from its historical origins into a digitally powered, interconnected marketplace. The current landscape is influenced by technological progress, regulatory shifts, and changing investor preferences.
Pune E - Stock Broking Limited IPO Details
Pune E - Stock Broking Limited IPO Date
Pune E - Stock Broking Limited's IPO will open from March 7, 2024, to March 12, 2024.
Pune E - Stock Broking Limited IPO Price Band
Pune E - Stock Broking Limited is a fresh issue of up to 46,06,400 equity shares. The price range of the IPO is ₹78 to ₹83 per share.
Pune E - Stock Broking Limited IPO Lot Size
Pune E - Stock Broking Limited’s IPO lot size is 1,600 shares.
Pune E - Stock Broking Limited IPO Objectives
The objectives of Pune E - Stock Broking Limited's IPO are listed below:
- To meet working capital requirements.
- For general corporate purposes.
Peer Details
As per DRHP, the listed peers whose business portfolio is comparable to the company are as follows:
- Share India Securities Limited
- ICICI Securities Limited
- Angel One Limited
How To Check the Pune E - Stock Broking Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Pune E - Stock Broking Limited IPO.
Contact Details of Pune E - Stock Broking Limited IPO
- Registered office: 1198 Shukrawar Peth, Shubhash Nagar, Lane No 3, Pune, Maharashtra – 411002, India.
- Phone: +91 -020-41000600
- E-mail: info@pesb.co.in
Company Financial Performance
| Particulars | Period Ended on September 30, 2023 | Year ending on March 31, 2023 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) |
|---|---|---|---|
| Revenue from Operations | 2666.77 | 3575.08 | 4124.6 |
| Profit After Tax (PAT) | 610.67 | 964.52 | 1012.03 |
| EPS (₹) | 5.43 | 8.16 | 8.35 |
| Net Worth | 6949.51 | 6396.87 | 5763.12 |
| Total Borrowings | 146.19 | 1077.74 | 2,035.16 |
Know before investing
Strengths
2The company is involved in the business of broking services in equity and currency derivatives segments with NSE and BSE. They offer various services under one roof to cater to customers' demands.
The company’s risk management systems are fully integrated with its electronic brokerage platform, allowing it to manage its risks in real time.
Risks
2The company has generated negative cash flows during FY 2023 and may, in the future, experience similar negative cash flows.
The company has been subject to certain penal actions from the stock exchanges and SEBI in the past.
