Pace E-Commerce Ventures Limited IPO

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i. Our company started in August 2015 as a business that would give the kids/young consumers and sports enthusiasts in India access to International Football Clubs Merchandise and International Sports Brands apparels and Sports Goods. We started with imports and distribution of branded international sports apparels and extended to various branded merchandise and accessories. Thereafter we acquired manufacturing and distribution licenses of some of the popular and biggest brands in the Kids Entertainment Industry. This helped us in reaching a larger distribution area and a wider population. This wider assortment of products and customer base helped us gain valuable insights and obtain information and data as to what today‘s customer really want. We have spent time for developing on these valuable information and data points from our customers including but not limited to, Kids, Teenagers, Young Adults and Young Parents. we arrived at a clear conclusion – The demand is very swiftly moving to customized, personalized products.

ii. PRODUCTS:

We are focused on customization and personalisation across different product categories appealing to all age groups including kids, Teenagers and Young Adults. We provide products of licensed brands which is acceptable to all because of the below mentioned benefits :

RANGE -Endless possibilities with ever-growing designs and make-on demand concept
VALUE -Personalization & linked memories creating a unique identity or expression
COST -Scale & efficiency will help reduce costs, and pass on the benefits to the consumers
SPEED :Driven by superior technology, logistics and infrastructure
EASE: Ease of end-to-end ordering and delivery process, at the comfort of one‘s home
QUALITY: quality assured

Furniture: Beds and Cribs, Seating and Lounging, Storage & Organisers, Playroom Furniture, Bins and Baskets, Décor and Accessories.
Bedding: Kids Bedding, Baby Bidding.
Baby and Home: Baby & Kids Essentials, Dinning Essentials & Home ware.
Toys: Sports Ride Ons & Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys, Role and pretend Play, Infnat and Toddlet toys, Education and Construction toys, Vehicles RC and Next gen toys.

Competitive Strength :

  • Agreements with widely known companies working for kids.
  • The company’s insights of Indian Consumers and merchants.

Objects of the Pace E-Commerce Ventures Limited IPO:

The company proposes to utilize the Net Proceeds from the issue towards the following objects: i. Acquisition of plant and machineries ii.Working capital requirement iii. General Corporate Purpose iv. Meeting Public Issue Expenses
DRHP of Pace E-Commerce Ventures Limited IPO

Pace E-Commerce Ventures Limited IPO Details:

Open Date: Sep 29 2022
Close Date: Oct 04 2022
Total Shares: 6,459,600
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 66.53 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 103 Per Equity Share
Listing At: BSE SME
Listing Date: Oct 13 2022

Promoters And Management:

i. Shaival Gandhi, aged 39 years, is the Promoter and Managing Director of the Company. He holds a Masters Degree in International Securities, Investment & Banking from ICMA Centre, University of Reading, UK. He also holds a B.Sc in Information Technology and is well versed with all the aspects of the IT Industry. He worked over five years with Investment Banks such as Markit and Deutsche Bank in London, UK. He is an experienced entrepreneur and has donned many hats who founded several ventures over the years and has vast experience in sectors such as Investment Banking, Food & Beverages and Real Estate. He is passionate about consumer products and E-Commerce Industry, particularly Print-On-Demand Products, as this is an area where he has gained invaluable experience. ii. Harshal Chandarakant Gala, aged 35 years, is non executive director of the Company. He has completed his degree of M. Com from University of Mumbai. He has joined family business of food retailing and developed experience in marketing and customer relationship. In 2014 he moved to Pune and joined as a partner in Naila Motors, a niche business of retailing Superbike Merchandise. He has started his own Superbike Merchandise and spares business and has been successfully running the same. iii. Hiral Rasikbhai Vaghasiya, aged 29 years, is an Independent Director of the Company and is a associate member of Institute of Chartered Accountant of India having enrich 4 years of experience with expertise in Accounting, Finance, Audit, Taxation, GST.

Financials of Pace E-Commerce Ventures Limited IPO:

Particulars (in crores) Mar-22 Mar-21 Mar-20
Revenue from operations 10.00 1 1
Purchases of stock-in-trade 9 1 1
Changes in Inventories -0.8 -0.5 0.09
Employee Benifit Expense 0.1 0.03 0.03
Other Expense 0.7 0.1 0.2
Operating Profit 1.00 0.37 -0.32
OPM% 10.00% 37.00% -32.00%
Finance Cost 0.2 0.2 0.05
Depreciation 0.01 0 0
Other Income 0 0.01 0.01
Profit (Loss) before tax 0.7 0.09 0
Profit (Loss) for the period 0.5 0.07 0

Comparison With Peers:

There is no listed company engage in same business.

Lead Manager of Pace E-Commerce Ventures Limited IPO:

  1. Interactive Financial Services

Company Address:

Pace E-Commerce Ventures Limited Anugrah Bunglow, Street4, Pallod Farms II, Shambhu Vihar Society, Nankude Vasti, Aundh, Pune -411045 Phone: +91 85309 99431 Email: compliance@pacesports.in Website: https://www.cotandcandy.com/

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