Pune E-Stock Broking makes solid market debut, lists at 57% premium

The IPO solely comprised a fresh issuance of equity shares totalling 46 lakh shares, with the company seeking to raise Rs 38 crore through this offering.

Shares of Pune E-Stock Broking Limited made a bumper debut on the bourses on March 15, listing at Rs 130, a 57 percent premium over the issue price of Rs 83 on the BSE SME.

The Pune E-Stock Broking IPO garnered immense investor interest, receiving a subscription rate of over 300 times by the end of the subscription period.

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The IPO comprised 46 lakh fresh equity shares as the company seeks to raise Rs 38 crore from the public. Proceeds from the IPO will be allocated towards fulfilling working capital needs, general corporate expenses, and covering the costs associated with the public issue.

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Set up in 2007, Pune E-Stock Broking Limited (PESB) is a corporate broking house offering a range of financial services. The company provides client broking services, enabling users to invest or trade in shares through its platform.

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It also offers depository services to equity trading clients through CDSL, serving a client base of 23,155. The company provides various mutual fund investment options, including equity, debt, and hybrid funds, to cater to diverse investment needs.

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