๐ Pune E Stock Share Price Soars on BSE SME Platform Entry!
The shares of Pune E Stock Broking had a stellar entry on the BSE SME platform yesterday, despite market volatility. The company’s shares successfully listed and later hit the upper circuit. The company’s IPO received an overwhelming response from investors, with over 371 times subscription.
Under the IPO, shares were issued at a price of โน83, while trading on BSE SME started at โน130 per share today. This means that investors have earned nearly 57% profit from the IPO. Post listing, the shares reached a high of โน136.50, making the IPO investors now profitable by 64.46%.
Pune E Stock Broking’s โน38.23 crore IPO was open for subscription from 7th to 12th March. The IPO received a strong response from investors, with a total subscription of 371.16 times. The institutional portion was oversubscribed by 123.02 times, non-institutional investors by 775.99 times, and retail investors by 338.92 times.
Established in 2007, Pune E Stock Broking is a corporate broking house providing services like client broking, depository services, mutual funds, corporate deposits, and currency trading. The company posted a net profit of โน6.50 crore in FY21, which increased to โน10.12 crore in FY22. Additionally, their profit slightly decreased to โน9.64 crore in FY23.
During this period, the company’s revenue increased to โน41.03 crore from a growth rate of over 8% annually. In the first half of April-September 2023, they earned a net profit of โน6.10 crore and revenue of โน30.11 crore.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
