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 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").

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)

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

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

DETAILS OF VALID APPLICATIONS RECEIVED (AFTER TECHNICAL REJECTION):

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

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:

	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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