Pune E-Stock Broking IPO buzz is all around, and here is a comprehensive guide to help you navigate the details. Let’s dive into the specifications of Pune e-stock broking IPO date, price, GMP (Grey Market Premium), allocation, listing, IPO structure and more.
Pune E-Stock Broking IPO Details:
| Date | March 7, 2024 – March 12, 2024 |
| Price | Rs 38.23 |
| Price Band | Rs 78 to Rs 83 per share |
| Lot Size | 1600 shares |
| Minimum Investment | Rs 1,32,800 |
| Minimum Lot Size Investment (HNI) | 2 lots, amounting to Rs 2,65,600 |
The much-anticipated IPO of Pune E-Stock Broking kicked off on March 7, 2024, and will continue until March 12, 2024. This IPO is set at Rs 38.23 and includes a fresh issue of 40.06 lakh shares.
Pune E-Stock Broking IPO Price:
Investors are eyeing the price band set between Rs 78 to Rs 83 per share for Pune E-Stock Broking. The lot size stands at 1600 shares, requiring a minimum investment of Rs 1,32,800. For High Net Worth Individuals (HNIs), the minimum lot size investment is 2 lots, totaling Rs 2,65,600.
Pune E-Stock Broking IPO Allotment:
The much-awaited allotment for Pune E-Stock Broking IPO is expected to be finalized by March 13, 2024, with refunds processed by March 14, 2024.
Pune E-Stock Broking IPO Listing:
Pune E-Stock Broking IPO will find its listing on BSE (Bombay Stock Exchange), SME (Small and Medium Enterprises), scheduled for March 15, 2024. Notably, the listing of Koura Fine Diamond Jewelry IPO is slated for March 14.
GMP (Grey Market Premium):
As per Investor Gain report, Pune E-Stock Broking IPO is trading at a premium of Rs 93 in the grey market, projecting a potential profit of 112% and a listing premium of 176%.
IPO Structure:
Allocation wise, 50% of the IPO is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and the remaining 15% for Non-Institutional Investors (NIIs).
About Pune E-Stock Broking Ltd:
Established in 2007, Pune E-Stock Broking Ltd stands as a prominent corporate broking house, navigating the ever-evolving landscape of the stock broking industry with finesse. The company’s promoters include Mr. Brijesh Krishnakumar Shah, Mr. Devendra Ramchandra Ghodnadikar, Mr. Brijesh Navneetbhai Shah, Mr. Sandeep Sunderlal Shah, Mr. Paresh Sunderlal Shah, and Aditya Ghodnadikar.
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Utilization of Funds:
The funds garnered from the IPO will primarily fuel the company’s working capital requirements, support general corporate objectives, and allocate resources towards public corporation expenditure.
Before delving into the IPO market, it’s crucial to remember that the information provided here serves as a guide and not as investment advice. Always consult with your financial advisor before making any investment decisions.
By offering a unique blend of insights and guidance, this article aims to equip investors with the necessary knowledge to navigate through the Pune E-Stock Broking IPO landscape seamlessly.
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