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Pelatro IPO is a book build issue of ₹55.98 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹55.98 crore.
Pelatro IPO bidding started from Sep 16, 2024 and ended on Sep 19, 2024. The allotment for Pelatro IPO was finalized on Sep 20, 2024. The shares got listed on NSE SME on Sep 24, 2024.
Pelatro IPO price band is set at ₹200.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,14,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,40,000.
The issue includes a reservation of up to 49,800 shares for employees offered at a discount of ₹0.00 to the issue price.
Cumulative Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shree Bahubali Stock Broking Ltd..
Refer to Pelatro IPO RHP for detailed Information.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | September 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹190 to ₹200 per share |
| Issue Price Final | ₹200 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,99,000 shares (aggregating up to ₹55.98 Cr) |
| Reserved for Market Maker | 1,40,400 shares Shree Bahubali Stock Broking Ltd. (aggregating up to ₹2.81 Cr) |
| Net Offered to Public | 26,58,600 shares (aggregating up to ₹53.17 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 76,07,663 shares |
| Share Holding Post Issue | 1,04,06,663 shares |
Pelatro IPO offers total 27,99,000 shares. Out of which 13,03,200 (46.56%) allocated to QIB, 5,21,400 (18.63%) allocated to QIB, 3,92,400 (14.02%) allocated to NII, 9,13,200 (32.63%) allocated to RII and 7,81,800 (27.93%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,400 (5.02%) |
| QIB Shares Offered | 13,03,200 (46.56%) |
| − Anchor Investor Shares Offered | 7,81,800 (27.93%) |
| − QIB (Ex. Anchor) Shares Offered | 5,21,400 (18.63%) |
| NII (HNI) Shares Offered | 3,92,400 (14.02%) |
| Retail Shares Offered | 9,13,200 (32.63%) |
| Employee Shares Offered | 49,800 (1.78%) |
| Total Shares Offered | 27,99,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Pelatro IPO raises ₹15.64 crore from anchor investors. Pelatro IPO Anchor bid date is September 13, 2024. Pelatro IPO Anchor Investors list
| Bid Date | September 13, 2024 |
| Shares Offered | 7,81,800 |
| Anchor Portion Size (In Cr.) | 15.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 19, 2024 |
Pelatro IPO opens on September 16, 2024, and closes on September 19, 2024.
| IPO Open Date | Mon, Sep 16, 2024 |
| IPO Close Date | Thu, Sep 19, 2024 |
| Tentative Allotment | Fri, Sep 20, 2024 |
| Initiation of Refunds | Fri, Sep 20, 2024 |
| Credit of Shares to Demat | Mon, Sep 23, 2024 |
| Tentative Listing Date | Tue, Sep 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 19, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,20,000 |
| Retail (Max) | 1 | 600 | ₹1,20,000 |
| HNI (Min) | 2 | 1,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Pelatro Limited offers a comprehensive customer engagement platform, mViva, which enables customer-centric interactions between companies or brands and their end users.
The company helps businesses to accurately understand their customers' behavior and needs to improve interactions with end customers. The platform provides end-to-end capabilities and experiences, starting with data collection, analytics, intelligence gathering, audience selection, configuration, execution and reporting.
The company's core product portfolio includes Campaign Management Solutions, Loyalty Management Solutions, Lead Management Solutions, and Data Monetization Solutions.
As of May 31, 2024, the Customer Engagement Platform has been implemented or is in the implementation phase in 38 telecom networks in 30 countries, including India. Of these networks, 16 are in Asia, 5 in the Middle East, 15 in Africa, 1 in the Caribbean, and 1 in Europe. The company's customer base includes telecommunications companies, including their subsidiaries and/or companies that are part of their group and operate in various countries around the world. The company has also started to target banks and financial companies.
Competitive strengths:
On May 31, 2024, the company employed 296 people.
| Period Ended | 31 Mar 2024 |
| Assets | 5,780.92 |
| Total Income | 5,536.54 |
| Profit After Tax | -195.62 |
| Net Worth | 1,202.89 |
| Reserves and Surplus | 502.89 |
| Total Borrowing | 1,867.58 |
| Amount in ₹ Lakhs | |
The market capitalization of Pelatro IPO is ₹208.13 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | -15.48% |
| ROCE | 3.85% |
| Debt/Equity | 1.55 |
| RoNW | -15.48% |
| PAT Margin | -3.56% |
| Price to Book Value | 11.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -2.57 | -1.88 |
| P/E (x) | -77.78 | -106.4 |
The company intends to utilize the proceeds of the issue to meet the following objectives:
[Dilip Davda] The company is a customer centric player in providing comprehensive customer engagement platforms globally. It marked steady growth on a standalone basis, but for consolidated FY24, it marked negative earnings due to small contribution from a subsidiary and other accounting adjustments. Based on standalone FY24 numbers, the issue relatively appears aggressively priced. It is poised for bright prospects ahead. Well-informed investors may park moderate funds for medium to long term. Read detail review...
Note: Restated Standalone Financials (All amounts in Indian Rupees Lakhs, except where otherwise stated)
| Period Ended | Total Assets | Total Revenue | Profit after tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31/03/2024 | 5,109.97 | 5,915.34 | 541.46 | 1,943.22 | 1243.22 | 1,867.58 |
| 31/03/2023 | 3,080.04 | 4,905.08 | 463.89 | 1,324.79 | 1314.79 | 1,347.86 |
| 31/03/2022 | 1,684.50 | 4,088.01 | 357.03 | 855.92 | 845.92 | 512.87 |
| Listing Date | September 24, 2024 |
| BSE Script Code | |
| NSE Symbol | PELATRO |
| ISIN | INE0VG601013 |
| Final Issue Price | ₹200 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹200.00 |
| Open | ₹275.00 |
| Low | ₹275.00 |
| High | ₹288.75 |
| Last Trade | ₹288.75 |
Pelatro Ltd.
No. 403, 7th A Main,
1st Block HRBR Layout,
Bangalore - 560 043
Bangalore Urban, Karnataka
Phone: +91 80 4903 3200
Email: company.secretary@pelatro.com
Website: http://www.pelatro.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pelatro IPO is a SME IPO of 27,99,000 equity shares of the face value of ₹10 aggregating up to ₹55.98 Crores. The issue is priced at ₹200 per share. The minimum order quantity is 600.
The IPO opens on September 16, 2024, and closes on September 19, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pelatro IPO using UPI as a payment gateway. Zerodha customers can apply in Pelatro IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pelatro IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pelatro IPO opens on September 16, 2024 and closes on September 19, 2024.
Pelatro IPO lot size is 600, and the minimum amount required for application is ₹1,20,000.
You can apply in Pelatro IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pelatro IPO will be done on Friday, September 20, 2024, and the allotted shares will be credited to your demat account by Monday, September 23, 2024. Check the Pelatro IPO allotment status.
The Pelatro IPO listing date is on Tuesday, September 24, 2024.
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