Fixed Price IPO | ₹12 Cr | Listed at NSE SME | Fri, Sep 29, 2023 - Thu, Oct 5, 2023

Plada Infotech IPO is a fixed price issue of ₹12.36 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹12.36 crore.
Plada Infotech IPO bidding started from Sep 29, 2023 and ended on Oct 5, 2023. The allotment for Plada Infotech IPO was finalized on Oct 9, 2023. The shares got listed on NSE SME on Oct 13, 2023.
Plada Infotech IPO price is ₹48 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,88,000.
Indorient Financial Services 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 Nikunj Stock Brokers Ltd..
Refer to Plada Infotech IPO RHP for detailed Information.
IPO Open
Fri, Sep 29, 2023
IPO Close
Thu, Oct 5, 2023
Issue Price
₹48 per share
Market Cap (Pre-IPO)
₹41.16 Cr
| IPO Date | 29 Sep to 5 Oct, 2023 |
| Listed on | Fri, Oct 13, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹48 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 25,74,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,29,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.6192 Cr) |
| Fresh Issue (Ex Market Maker) | 24,45,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 24,45,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 85,74,000 shares |
| NSE Symbol | PLADAINFO |
| ISIN | INE0PXD01014 |
Plada Infotech IPO comprises a total issue size of 25,74,000 shares. The net offer to the public is 24,45,000 shares, after excluding 1,29,000 shares allotted on a firm basis. Of the Net offer 12,22,500 (50.00%) allocated to NII 12,22,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,22,500 | 50.00% | 47.49% |
| Retail Shares Offered | 12,22,500 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,29,000 | 5.01% | |
| Total Shares Offered | 25,74,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,44,000 |
| Retail (Max) | 1 | 3,000 | ₹1,44,000 |
| HNI (Min) | 2 | 6,000 | ₹2,88,000 |
Incorporated in 2010, Plada Infotech Services Limited specializes in delivering comprehensive Business Process Outsourcing (BPO) services tailored to our clients' specific needs.
The company provides a wide range of services ranging from recruitment & payroll management, merchant acquisition, field support, software solutions, seller onboarding, and account management to clients.
Following is an illustrative list of the business operations and the services that Plada provides:
Plada Infotech Services employs over 1400 employees across the country and presently operates through 12 offices in 12 cities with other cities being serviced remotely.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 28.11 | 27.20 | 27.60 | 27.11 |
| Total Income | 62.75 | 48.87 | 44.61 | 50.68 |
| Profit After Tax | 2.34 | 1.10 | 0.67 | 1.20 |
| NET Worth | 7.53 | 5.18 | 4.08 | 3.43 |
| Reserves and Surplus | 5.53 | 4.98 | 4.07 | 3.42 |
| Total Borrowing | 16.54 | 17.72 | 19.53 | 19.90 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 2.89 |
| 2 | To purchase Laptops and Accessories for IT Development; | 0.30 |
| 3 | Repayment and / or prepayment in part or in full, of certain outstanding loans of the Company; | 3.00 |
| 4 | General Corporate Purposes | 2.97 |
| KPI | |
|---|---|
| ROE | 37% |
| ROCE | 21% |
| Debt/Equity | 2.20 |
| RoNW | 31.07% |
| PAT Margin | 3.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.90 | |
| P/E (x) | 12.31 | 17.58 |
| Promoter Holding | 89.50% | 62.64% |
| Market Cap | ₹41.16 Cr. |
The Plada Infotech Services IPO is subscribed 57.85 times on October 5, 2023 7:29:00 PM (Day 4). The public issue subscribed 73.78 times in the retail category, [.] times in the QIB category, and 39.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 39.81 | 12,22,500 | 4,86,66,000 |
| Retail | 73.78 | 12,22,500 | 9,01,92,000 |
| Total | 57.85 | 24,45,000 | 14,14,38,000 |
Total Application : 30,064
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Lead Manager Fixed Fee, Registrar to the Issue, Legal Advisors, Auditors, statutory advertisements and other expenses incurred / to be incurred including promotional expenses | 2.90 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.20 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹48.00 |
| Open | ₹59.00 |
| Low | ₹56.05 |
| High | ₹60.00 |
| Last Trade | ₹56.05 |
Lead Manager Reports
Plada Infotech IPO is a SME IPO of 25,74,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 29, 2023, and closes on Thu, Oct 5, 2023.
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 Plada Infotech IPO using UPI as a payment gateway. Zerodha customers can apply in Plada Infotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Plada Infotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Plada Infotech IPO opens on Fri, Sep 29, 2023 and closes on Thu, Oct 5, 2023.
Plada Infotech IPO lot size is 3000, and the minimum amount required for application is ₹1,44,000.
You can apply in Plada Infotech 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 Plada Infotech IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wed, Oct 11, 2023. Check the Plada Infotech IPO allotment status.
The Plada Infotech IPO listing date is on Fri, Oct 13, 2023.