News Details

( As on 26/09/2022 19:40)

Pace E-Commerce Vent announces launch of initial public offering

Pace E-Commerce Ventures Ltd. has announced public offering of 6459600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 93.00 per share. The gross proceeds of the issue are expected to be Rs 6,653.39 lakhs.

The company's initial public offer (IPO) will open on 29 September 2022 and is expected to close on 04 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 6459600 Equity Shares of the Company at an price of Rs 103.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Pace E-Commerce Ventures Ltd. anticipates using the proceeds of the issue for .

Interactive Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.