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Pune E-Stock Broking IPO
Price Band
₹78.0–83.0
Issue Size
₹38.23 Cr
Lot Size
1,600 shares
Min Investment
₹132,800
GMP
+₹40.0 (48.19%)
Issue Price
₹83.0
Subject to Sauda
₹48600
Paid only if allotted
Pune E-Stock Broking IPO AI Summary
- Pune E-Stock Broking IPO is listed on BSE SME in the Stockbroking & Allied sector.
- Price band: ₹78.0–₹83.0 per share, lot size 1,600 shares (min. investment ₹132,800).
- Subscription window: 07 Mar–12 Mar 2024, listing on 15 Mar 2024.
- Current GMP is +₹40.0 (48.19%), an estimated listing price of ₹123 — unofficial and can change daily.
Pune E-Stock Broking Limited is entering the market with an IPO priced at ₹83.0, targeting a total issue size of ₹38.23 Cr. The company has shown fluctuating revenue and profit figures, with a positive GMP indicating strong demand ahead of its listing.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Pune E-Stock Broking IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Pune E-Stock Broking IPO Grey Market Premium (GMP) Today
GMP
+₹40.0
GMP %
+48.19%
Est. Listing
₹123.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in 2007, Pune E-Stock Broking Limited (PESB) is a corporate broking house. The company offers Client Broking: where users can invest or trade in shares via PESB's platform, receiving real-time quotes, easy execution via mobile app, website or call, the latest market news and updates, and the service of support staff. Depository facility: The company also offers a depository facility to Equity trading clients as part of an integrated service offering through CDSL. The company has a client base of 23,155 active clients in its Depository. Mutual funds: The company offers various mutual fund investment options in equity, debt, and hybrid funds. Corporate Deposits: Investors can make corporate deposits directly through the company's website or use the convenience of online investment platforms or brokers to facilitate their investments. Currency trading services: The company offers foreign exchange trading through multiple trading channels, creating unique investment opportunities and limitless creativity for hedging, speculation, and portfolio diversification. The company offers its services via its web-based trading platform Aero and its mobile trading app. Users can manage their investments, keep up to date with market trends, and make trades on the go. As of March 2023, the company had a total of 60,640 customers, including authorized persons (spread across more than 10 cities) and direct customers, and has two branches in Ahmedabad and Delhi. In FY 2023, the company has 79 employees, including directors and KMP, administrative/managerial staff, and unskilled workers.
Company Financials (₹ Cr)
As of 2023-06-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 222.25 | 158.01 | 163.14 | 132.89 |
| Total Income | 30.11 | 41.03 | 46.66 | 34.75 |
| Profit After Tax | 6.11 | 9.65 | 10.12 | 6.50 |
| NET Worth | 82.60 | 76.55 | 67.55 | 58.07 |
| Reserves and Surplus | 71.55 | 69.18 | 60.18 | 50.70 |
| Total Borrowing | 8.26 | 18.54 | 16.40 | 11.95 |
Key Ratios
EPS
₹8.73
NAV
₹74.79
ROE
7.30%
ROCE
8.25%
RoNW
7.39%
P/B Value
0.77
P/E Ratio
9.5
Market Cap
₹129.90 Cr
PAT Margin
22.90%
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | NAV |
|---|---|---|---|---|
| Angel One Limited | 41.69% | 17.47 | 105.9 | — |
| Icici Securities Ltd | 39.18% | 18.02 | 34.44 | — |
| Share India Securities Ltd | 32.7% | 18.34 | 71.12 | — |
| Pune E – Stock Broking Limited This IPO | 3.67% | 9.5 | 8.73 | 90.18 |
Promoters
Vrajesh Krishnakumar Shah, Devendra Ramchandra Ghodnadikar, Vrajesh Navnitbhai Shah, Sandip Sunderlal Shah, Paresh Sunderlal Shah and Daidipya Ghodnadikar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet working capital requirements 35.00 2 General Corporate Purpose 0.20 3 Public Issue Expenses 3.03
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹34.75 Cr in FY 2021, rising to ₹46.66 Cr in FY 2022, then to ₹41.03 Cr in FY 2023. However, the most recent figure of ₹30.11 Cr as of 30 Sep 2023 is not directly comparable as it represents a 9-month period.
Profit Trend
Profit After Tax was ₹6.50 Cr in FY 2021, increasing to ₹10.12 Cr in FY 2022, and then to ₹9.65 Cr in FY 2023. The latest figure of ₹6.11 Cr as of 30 Sep 2023 is also for a 9-month period, making direct comparison with previous full years inappropriate.
Valuation
Pune E – Stock Broking Limited has an implied P/E of 9.5 at the issue price, while its peers are trading at P/E ratios ranging from 17.47 to 18.34.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand for the shares before they are officially listed on the stock exchange. A positive GMP suggests that the shares are likely to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can experience significant price fluctuations shortly after listing.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be affected by market conditions and investor sentiment.
This evaluation is generated from Pune E-Stock Broking's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Pune E-Stock Broking IPO GMP today?
Pune E-Stock Broking IPO GMP today is +₹40.0 (48.19%), indicating an estimated listing price of ₹123. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Pune E-Stock Broking IPO?
The price band of Pune E-Stock Broking IPO is ₹78.0–₹83.0 per share.
When does Pune E-Stock Broking IPO open and close?
Pune E-Stock Broking IPO opens on 07 March 2024 and closes on 12 March 2024.
When does Pune E-Stock Broking IPO list on the stock exchange?
Pune E-Stock Broking IPO listed on 15 March 2024 at ₹123.0.
What is the lot size for Pune E-Stock Broking IPO?
The lot size for Pune E-Stock Broking IPO is 1600 shares, requiring a minimum investment of ₹132,800.
What is the price band for the IPO?
The price band for the IPO is ₹78.0 to ₹83.0.
What is the minimum investment required?
The minimum investment required is ₹132,800.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When does the IPO open and close?
The IPO opens on March 7, 2024, and closes on March 12, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 Mar 2024
Close
12 Mar 2024
Allotment
13 Mar 2024
Listing
15 Mar 2024
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