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 ₹48.00 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). The minimum lot size investment for 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 Date | September 29, 2023 to October 5, 2023 |
Listing Date | October 13, 2023 |
Face Value | ₹10 per share |
Issue Price Band | |
Issue Price Final | ₹48 per share |
Lot Size | 3,000 Shares |
Sale Type | Fresh Capital |
Total Issue Size | 25,74,000 shares (aggregating up to ₹12.36 Cr) |
Reserved for Market Maker | 1,29,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.6192 Cr) |
Net Offered to Public | 24,45,000 shares (aggregating up to ₹11.74 Cr) |
Issue Type | Fixed Price IPO |
Listing At | NSE SME |
Share Holding Pre Issue | 60,00,000 shares |
Share Holding Post Issue | 85,74,000 shares |
Plada Infotech Services IPO offers total 25,74,000 shares. Out of which 12,22,500 (47.49%) allocated to NII, 12,22,500 (47.49%) allocated to RII.
Investor Category | Shares Offered |
---|---|
Market Maker Shares Offered | 1,29,000 (5.01%) |
NII (HNI) Shares Offered | 12,22,500 (47.49%) |
Retail Shares Offered | 12,22,500 (47.49%) |
Total Shares Offered | 25,74,000 (100.00%) |
Plada Infotech IPO opens on September 29, 2023, and closes on October 5, 2023.
IPO Open Date | Fri, Sep 29, 2023 |
IPO Close Date | Thu, Oct 5, 2023 |
Tentative Allotment | Mon, Oct 9, 2023 |
Initiation of Refunds | Tue, Oct 10, 2023 |
Credit of Shares to Demat | Wed, Oct 11, 2023 |
Tentative Listing Date | Fri, Oct 13, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2023 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,44,000 |
Retail (Max) | 1 | 3,000 | ₹1,44,000 |
HNI (Min) | 2 | 6,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
Assets | 2,711.29 | 2,760.03 | 2,720.30 | 2,811.09 |
Total Income | 5,068.20 | 4,460.86 | 4,887.39 | 6,275.12 |
Profit After Tax | 119.93 | 66.71 | 109.87 | 233.82 |
Net Worth | 342.60 | 408.44 | 518.10 | 752.70 |
Reserves and Surplus | 341.60 | 407.44 | 498.10 | 552.70 |
Total Borrowing | 1,989.85 | 1,952.59 | 1,771.67 | 1,654.13 |
The market capitalization of Plada Infotech IPO is ₹41.16 Cr.
KPI | Values |
---|---|
ROE | 37% |
ROCE | 21% |
Debt/Equity | 2.20 |
RoNW | 31.07% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is a tailor-made BPO service provider with having Pan India presence. It marked growth in its top and bottom lines for the reported periods. Based on FY23 earnings, the issue appears fully priced. Investors may park funds for long-term rewards. Read detail review...
Listing Date | October 13, 2023 |
BSE Script Code | |
NSE Symbol | PLADAINFO |
ISIN | INE0PXD01014 |
Final Issue Price | ₹48 per share |
Price Details | NSE SME |
---|---|
Final Issue Price | ₹48.00 |
Open | ₹59.00 |
Low | ₹56.05 |
High | ₹60.00 |
Last Trade | ₹56.05 |
Plada Infotech Services Ltd.
Santosh A. Mishra Compound,
Mograpada, Mogra Village, off. Old Nagardas Road
Andheri (East),
Mumbai, Maharashtra, 400069
Phone: +91 8976996702
Email: abhishek.jain@pladainfotech.com
Website: https://pladainfotech.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Plada Infotech IPO is a SME IPO of 25,74,000 equity shares of the face value of ₹10 aggregating up to ₹12.36 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000.
The IPO opens on September 29, 2023, and closes on October 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 September 29, 2023 and closes on October 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 Wednesday, October 11, 2023. Check the Plada Infotech IPO allotment status.
The Plada Infotech IPO listing date is on Friday, October 13, 2023.
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