Basis of Allotment

(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSE AND NOT A PROSPECTUS ANNOUNCEMENT, NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.)

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PACE E-COMMERCE VENTURES LIMITED
CIN: U51909PN2015PLC156068

Our Company was originally incorporated as 'Pace Sports and Entertainment Private Limited' as Private Limited Company under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated August 05, 2015 bearing Corporate Identification Number U51909PN2015PTC156068 issued by the Assistant Registrar of Companies, Pune. Subsequently, the name of the Company was changed to "Pace E-Commerce Ventures Private Limited" and afresh certificate of incorporation was issued by Registrar of Companies, Pune on July 25, 2022. After that, our Company was converted in to a public limited Company pursuant to a special resolution passed by our shareholders at the eGm held on August 03, 2022 and consequently the name of our Company was changed to "Pace E-Commerce Ventures Limited" and a fresh certificate of incorporation was issued by the Registrar of Companies, Pune dated August 08, 2022. The CIN of the Company is U51909PN2015PLC156068.

Registered office: Anugrah Bunglow, Street4, Pallod Farms II, Shambhu Vihar Society, NankudeVasti, Aundh, Pune - 411045, Maharashtra, India.
Corporate Office: Office no.423, 4th Floor, 'C' Block, Sumel -11,Opp. Namaste Circle, Shahibaug, Ahmedabad- 380004, Gujarat, India.
Tel No.:+91 85309 99431; • E-Mail: compliance@pacesports.in  • Website: www.cotancandy.com  Contact Person: Ms. Nikita Pediwal, Company Secretary and Compliance Officer;
OUR PROMOTER: Mr. SHAIVAL DHARMENDRA GANDHI
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 64,59,600 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH OF PACE E-COMMERCE VENTURES LIMITED ("PEVL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 103 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 93 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs 6653.39 LACS ("THE OFFER") COMPRISING OF FRESH ISSUE OF 40,00,000 EQUITY SHARES OF RS. 103 PER EQUITY SHARES AGGREGATING TO RS. 4120.00 AND OFFER FOR SALE OF 24,59,600 EQUITY SHARES BY SELLING SHAREHOLDERS OF RS. 103 PER EQUITY SHARES AGGREGATING TO RS. 2533.39, OF WHICH 3,32,400 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH WILL FOR CASH AT A PRICE OF Rs 103 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 93 PER EQUITY SHARE AGGREGATING TO Rs 342.37 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E.NET ISSUE OF 61,27,200 EQUITY SHARES OFFACE VALUE OF Rs 10 EACH AT A PRICE OF Rs 103 PER EQUITY SHARE AGGREGATING TO Rs 6311.02 LACS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.67% AND 27.19 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS Rs 10.00.
EACH AND THE ISSUE PRICE IS Rs 103.00/-
EACH. THE ISSUE PRICE IS 10.30
TIMES OF THE FACE VALUE OF EQUITY SHARE
Issue Opens On: September 29, 2022 (Thursday) Issue Closes On: October13, 2022 (Thursday)
PROPOSED LISTING

The Equity Shares of the Company offered through the Prospectus dated September 22, 2022 are propose to be listed on the SME Platform of BSE Limited ("BSE SME") in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. The trading is proposed to be commenced on or before October 21, 2022*.

*Subject to receipt of listing and trading approval from BSE Limited.

Our Company has received an In-Principal Approval dated September 21, 2022 from BSE Limited for using its name in the offer document for listing of our shares on SME Platform of BSE Limited. It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the content of the Prospectus or the price at which equity shares are offered has been cleared, solicited or approved by BSE, nor does it certifies the correctness, accuracy or completeness of any of the content of the Prospectus. For the purpose of the Issue BSE Limited will be the Designated Stock Exchange.

The Issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations,2018 as amended from time to time, wherein (a)minimum 50% of the net issue of shares shall be allocated to retail individual investors and (b) remaining to: (i) individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for; Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

All investors have participated in this offer through Application Supported by Blocked Amount ("ASBA") process including through Unified Payment Interface ("UPI") mode (as applicable) by providing the details of the respective bank accounts/ UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSRIPTION DETAILS

DETAILS OF THE APPLICATION:

The Issue has received 2902 applications (before rejections and bids not banked) for 8542800 Equity Shares (Including Market Maker Application of 3,32,400 Equity Shares) resulting 1.32 times subscription. The details of the applications received in the Issue (before technical rejections but after bids not banked) are as follows:

DETAILS OF VALID APPLICATIONS RECEIVED (BEFORE TECHNICAL REJECTION AND AFTER BIDS NOT BANKED)

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARE SUBSCRIPTION*
"Market Maker" 1 332400 1.00
Other than Retail Individual Investor's 213 4945200 1.61
Retail Individual Investor's 1383 1659600 0.54
TOTAL 1597 6937200 1.07

*Subscription time have been computed on the basis of the issue size as per the Prospectus. DETAILS OF BIDS NOT BANKED ARE AS FOLLOWS:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARE
Other than Retail Individual Investor's 11 33600
Retail Individual Investor's 1298 1557600
TOTAL 1309 1591200

DETAILS OF APPLICATIONS REJECTED BY THE REGISTRAR ON TECHNICAL GROUNDS ARE AS FOLLOWS:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARE
Other than Retail Individual Investor's 5 205200
Retail Individual Investor's 32 38400
TOTAL 37 243600

DETAILS OF VALID APPLICATIONS RECEIVED (AFTER TECHNICAL REJECTION):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARE SUBSCRIPTION
Market Maker 1 332400 1.00
Other than Retail Individual Investor's 208 4740000 1.54
Retail Individual Investor's 1351 1621200 0.53
TOTAL 1560 6693600 1.03

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE Limited on October 17, 2022

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 103.00/- per Equity Share, was finalised in consultation with BSE SME. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 3,32,400 Equity shares in full out of reserved portion of 3,32,400 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 103.00/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 0.529 times. Total number of shares allotted in this category is 1621200 Equity shares.
No. of Shares Applied for (Category wise) No. of Applications Received % to total Total No. of Equity Shares applied in Retail Individual Investors category % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
1200 1351 100.00 1621200 100.00 1621200 1200 1200 1 1 1621200 -1442400
Total 1351 100% 1621200 100% 1621200 - - 1621200 -1442400
C. Allocation to Non- Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of Rs 103.00/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 1.051 times. Total number of shares allotted in this category is 45,06,000 Shares.
No. of Shares Applied for (Category wise) No. of Applications Received % to total Total No. of Equity Shares applied in Retail Individual Investors category % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
1200 1 0.48 1200 0.03 1141 1141 1200 1 1 1200 59
2400 53 25.48 127200 2.68 120920 2281.51 1200 1 1 63600 -57320
0.00 0.00 1200 48 53 57600 57600
3600 13 6.25 46800 0.99 44490 3422.31 2400 1 1 31200 -13290
0.00 0.00 1200 11 13 13200 13200
4800 23 11.06 110400 2.33 104950 4563.04 3600 11 1 82800 -22150
0.00 0.00 1200 18 23 21600 21600
6000 34 16.35 204000 4.30 193929 5703.79 4800 1 1 163200 -30729
0.00 0.00 1200 13 17 31200 31200
7200 11 5.29 79200 1.67 75290 6844.55 6000 1 1 66000 -9290
0.00 0.00 1200 8 11 9600 9600
8400 9 4.33 75600 1.59 71868 7985.33 7200 1 1 64800 -7068
0.00 0.00 1200 2 3 7200 7200
9600 12 5.77 115200 2.43 | 109513 9126.08 8400 1 1 100800 -8713
0.00 0.00 1200 7 12 8400 8400
10800 3 1.44 32400 0.68 30800 10266.67 9600 1 1 28800 -2000
0.00 0.00 1200 2 3 2400 2400
12000 5 2.40 60000 1.27 57038 11407.6 10800 1 1 54000 -3038
0.00 0.00 1200 2 5 2400 2400
13200 4 1.92 52800 1.11 50193 12548.25 12000 1 1 48000 -2193
0.00 0.00 1200 1 2 2400 2400
14400 1 0.48 14400 0.30 13689 13689 13200 1 1 13200 -489
18000 4 1.92 72000 1.52 68446 17111.5 16800 1 1 67200 -1246
0.00 0.00 1200 1 4 1200 1200
19200 1 0.48 19200 0.41 18252 18252 18000 1 1 18000 -252
24000 2 0.96 48000 1.01 45630 22815 22800 1 1 45600 -30
30000 5 2.40 150000 3.16 142595 28519 27600 1 1 138000 -4595
0.00 0.00 1200 4 5 4800 4800
40800 1 0.48 40800 0.86 38786 38786 38400 1 1 38400 -386
45600 1 0.484 5600 0.96 43349 43349 43200 1 1 43200 -149
48000 5 2.40 240000 5.06 228152 45630.4 45600 1 1 228000 -152
56400 1 0.48 56400 1.19 53616 53616 54000 1 1 54000 384
60000 3 1.44 180000 3.80 171114 57038 56400 1 1 169200 -1914
0.00 0.00 1200 2 3 2400 2400
72000 1 0.48 72000 1.52 68446 68446 68400 1 1 68400 -46
73200 1 0.48 73200 1.54 69586 69586 69600 1 1 69600 14
97200 2 0.96 194400 4.10 184803 92401.5 92400 1 1 184800 -3
103200 1 0.48 103200 2.18 98105 98105 98400 1 1 98400 295
120000 4 1.92 480000 10.13 456304 114076 114000 1 1 456000 -304
121200 1 0.48 121200 2.56 115217 115217 115200 1 1 115200 -17
144000 1 0.48 144000 3.04 136891 136891 136800 1 1 136800 -91
180000 1 0.48 180000 3.80 171114 171114 171600 1 1 171600 486
192000 1 0.48 192000 4.05 182522 182522 182400 1 1 182400 -122
242400 1 0.48 242400 5.11 230433 230433 230400 1 1 230400 00.1
388800 1 0.48 388800 8.20 369606 369606 369600 1 1 369600 -6
777600 1 0.48 777600 16.41 739212 739212 739200 1 1 739200 -12
GRAND TOTAL 208 100.00 4740000 100.00 4506000 4506000 0

The Board of Directors of the Company at its meeting held on October 17, 2022 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE SME and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the applicants as registered with the depositories / as filled in the application form on or before October 19, 2022. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to October 19, 2022 for unblocking fund. In case the same is not received within Four (4) working days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the BSE SME within Six (6) working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before October 21, 2022 subject to receipt of listing and trading approvals from the BSE Limited.

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com  All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/ sole applicants, serial number of the application form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

wpeAC.jpg (5752 bytes) BIGSHARE SERVICES PRIVATE LIMITED
Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093
Tel No: +91 22-62638200, • Fax No: +91 22-62638299 • Website: www.bigshareonline.com  • E-Mail: ipo@bigshareonline.com 
Investor Grievance Email: investor@bigshareonline.com   • Contact Person: Mr. Aniket Chindarkar • SEBI Reg. No.: INR000001385
PACE E-COMMERCE VENTURES LIMITED
On behalf of the Board of Directors
Sd/-
Place: Pune SHAIVAL DHARMENDRA GANDHI
Date: October 17, 2022 Managing Director DIN:02883899

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF PACE E-COMMERCE VENTURES LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and will not be Issued or sold with in the United States or to, or for the account or benefit of "U.S. Persons"(as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.

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