India, 20th October 2022: Pace E-Commerce Ventures Limited became the 405th company to get listed on the BSE SME Platform on October 20, 2022. Pace E-Commerce Ventures Limited came out with an initial public offering of 64,59,600 equity shares of Rs.10 each (“Equity Shares”) for cash at a price of Rs. 103 per equity share (The “Offer Price”), aggregating to Rs. 66.53 crore. The company has successfully completed its public issue on October 13, 2022.
Pace E-Commerce Ventures Limited is a Maharashtra-based company whose registered office is in Pune. The company engaged in children’s furniture, bedding, housewares, and essentials. The company’s product portfolio includes Beds and Cribs, Seating and Lounging, Storage & Organisers, Playroom Furniture, Bins and Baskets, Décor and Accessories, Kids Bedding, Baby Bedding, Baby & Kids Essentials, Dinning Essentials & Homeware, Sports Ride Ons & Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys. The company also started catering to a number of requests for on-demand printing and manufacturing of products for both B2C and B2B Customers.
Ahmedabad-based Interactive Financial Services Limited was the lead manager of Pace E-Commerce Ventures Limited.
So far, 152 companies have migrated to the main board. The 404 companies listed on the BSE SME Platform have raised Rs.4,412 crore from the market and the total market capitalization of 404 companies as on October 19, 2022 is Rs. 62,000.00 Crore. BSE is the market leader in this segment with a market share of 61 percent.
SEBI came out with detailed guidelines on 18th May 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March 2012.
The response since the launch of this platform by BSE has been very positive till date.