Bookbuilding IPO | ₹56 Cr | Listed at NSE SME | Mon, Sep 16, 2024 - Thu, Sep 19, 2024
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 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,20,000 (600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 16, 2024
IPO Close
Thu, Sep 19, 2024
Issue Price
₹200 per share
Market Cap (Pre-IPO)
₹208.13 Cr
| IPO Date | 16 to 19 Sep, 2024 |
| Listed on | Tue, Sep 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹190 to ₹200 |
| Issue Price | ₹200 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,99,000 shares (agg. up to ₹56 Cr) |
| Reserved for Market Maker | 1,40,400 shares Shree Bahubali Stock Broking Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 26,58,600 shares (agg. up to ₹53 Cr) |
| Net Offered to Public | 26,58,600 shares (agg. up to ₹53 Cr) |
| Share Holding Pre Issue | 76,07,663 shares |
| Share Holding Post Issue | 1,04,06,663 shares |
| NSE Symbol | PELATRO |
| ISIN | INE0VG601013 |
Pelatro IPO comprises a total issue size of 27,99,000 shares. The net offer to the public is 26,08,800 shares, after excluding 1,40,400 shares allotted on a firm basis and 49,800 shares under a preferential allotment. Of the Net offer 13,03,200 (49.95%) are allocated to QIB, 3,92,400 (15.04%) allocated to NII 9,13,200 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,03,200 | 49.95% | 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 | 15.04% | 14.02% |
| Retail Shares Offered | 9,13,200 | 35.00% | 32.63% |
| Preferential Reservations | |||
| Employee Shares Offered | 49,800 | 1.78% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,400 | 5.02% | |
| Total Shares Offered | 27,99,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
Pelatro IPO raises ₹15.64 crore from anchor investors. Pelatro IPO Anchor bid date is September 13, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 13, 2024 |
| Shares Offered | 7,81,800 |
| Anchor Portion (₹ Cr.) | 15.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 19, 2024 |
| 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 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 | 57.81 |
| Total Income | 55.37 |
| Profit After Tax | -1.96 |
| NET Worth | 12.03 |
| Reserves and Surplus | 5.03 |
| Total Borrowing | 18.68 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement of the company towards; Purchase & Installation of IT equipment, computer hardware, server and other ancillary equipment | 10.12 |
| 2 | Investment in our subsidiary | 10.00 |
| 3 | Funding working capital needs of our company; | 15.00 |
| 4 | General corporate purposes | 13.86 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | -2.57 | -ve |
| P/E (x) | -77.78 | -ve |
| Promoter Holding | 73.31% | 53.59% |
| Market Cap | ₹208.13 Cr. |
The Pelatro IPO is subscribed 21.94 times on September 19, 2024 6:16:03 PM (Day 4). The public issue subscribed 12.58 times in the retail category, 15.22 times in the QIB category, and 55.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 15.22 | 5,21,400 | 79,33,800 |
| NII* | 55.31 | 3,92,400 | 2,17,05,000 |
| Retail | 12.58 | 9,13,200 | 1,14,90,600 |
| Total | 21.94 | 18,76,800 | 4,11,79,800 |
Total Application : 19,151
*Market Maker portion is not included to NII/HNI.
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 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, Underwriting fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 5.19 |
| 2 | Marketing and Selling Commission and expenses | 0.05 |
| 3 | Advertising and marketing expenses | 1.15 |
| 4 | Printing and distribution of issue stationery | 0.02 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.00 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.30 |
| 9 | Miscellaneous | 0.25 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹200.00 |
| Open | ₹275.00 |
| Low | ₹275.00 |
| High | ₹288.75 |
| Last Trade | ₹288.75 |
Lead Manager Reports
Pelatro IPO is a SME IPO of 27,99,000 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹200 per share. The minimum order quantity is 600.
The IPO opens on Mon, Sep 16, 2024, and closes on Thu, Sep 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 Mon, Sep 16, 2024 and closes on Thu, Sep 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 Mon, Sep 23, 2024. Check the Pelatro IPO allotment status.
The Pelatro IPO listing date is on Tue, Sep 24, 2024.
