Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Thu, Sep 2, 2021 - Tue, Sep 7, 2021
Platinumone Business Services IPO is a fixed price issue of ₹3.89 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹3.89 crore.
Platinumone Business Services IPO bidding started from Sep 2, 2021 and ended on Sep 7, 2021. The allotment for Platinumone Business Services IPO was finalized on Sep 13, 2021. The shares got listed on BSE SME on Sep 16, 2021.
Platinumone Business Services IPO price is ₹92 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,10,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,20,800.
Gretex Corporate 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 Gretex Share Broking Pvt.Ltd..
Refer to Platinumone Business Services IPO RHP for detailed Information.
IPO Open
Thu, Sep 2, 2021
IPO Close
Tue, Sep 7, 2021
Issue Price
₹92 per share
Market Cap (Pre-IPO)
₹14.56 Cr
| IPO Date | 2 to 7 Sep, 2021 |
| Listed on | Thu, Sep 16, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 4,22,400 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 21,600 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.1987 Cr) |
| Fresh Issue (Ex Market Maker) | 4,00,800 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 4,00,800 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 11,60,000 shares |
| Share Holding Post Issue | 15,82,400 shares |
| BSE Script Code | 543352 |
| ISIN | INE0DTJ01015 |
Platinumone Business Services IPO comprises a total issue size of 4,22,400 shares. The net offer to the public is 4,00,800 shares, after excluding 21,600 shares allotted on a firm basis. Of the Net offer 2,00,400 (50.00%) allocated to NII 2,00,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,00,400 | 50.00% | 47.44% |
| Retail Shares Offered | 2,00,400 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 21,600 | 5.11% | |
| Total Shares Offered | 4,22,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,10,400 |
| Retail (Max) | 1 | 1,200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
PlatinumOne Business Services Limited provides customer acquisition-specific Business Process Management Services (BPMS) services to mid-size and large corporates. The company offers its services in several industries including FMCG, Real Estate, Furniture, Insurance, Consumer Durables, etc. Process offerings include Lead Conversion, Customer Care, Channel Management, Lead Generation and Loyalty Program which are delivered through their Call Centres.
The company has a registered office in Maharashtra and has branches in Delhi & Kolkata as well. Clients include the likes of Godrej Properties, Godrej Interio, Edelweiss Tokio Life, Tally, Lodha Group, Hafele, Reliance Nippon, Capital foods.
Competitive strengths
| Period Ended |
|---|
| 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 working capital requirement | 2.55 |
| 2 | General Corporate Purposes | 0.84 |
The Platinumone Business Services IPO is subscribed 2.99 times on September 7, 2021 5:54:00 AM (Day 4). The public issue subscribed 2.65 times in the retail category, [.] times in the QIB category, and 3.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.34 | 2,00,400 | 6,69,600 |
| Retail | 2.65 | 2,00,400 | 5,30,400 |
| Total | 2.99 | 4,00,800 | 12,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager (including underwriting fees, brokerage and selling commission) | 0.25 |
| 2 | Fees payable to Registrar to the Issue | 0.01 |
| 3 | Fees to the legal advisor | 0.02 |
| 4 | Advertising expenses | 0.11 |
| 5 | Fees payable to regulators including stock exchanges | 0.03 |
| 6 | Printing and distribution expenses | 0.02 |
| 7 | Statutory & Other Reports | 0.02 |
| 8 | Market Making | 0.03 |
| 9 | Others, if any (including commission and processing fees for SCSBs (1)) | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹92.00 |
| Open | ₹99.95 |
| Low | ₹99.95 |
| High | ₹104.90 |
| Last Trade | ₹104.90 |
Lead Manager Reports
Platinumone Business Services IPO is a SME IPO of 4,22,400 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 2, 2021, and closes on Tue, Sep 7, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Platinumone Business Services IPO using UPI as a payment gateway. Zerodha customers can apply in Platinumone Business Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Platinumone Business Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Platinumone Business Services IPO opens on Thu, Sep 2, 2021 and closes on Tue, Sep 7, 2021.
Platinumone Business Services IPO lot size is 1200, and the minimum amount required for application is ₹1,10,400.
You can apply in Platinumone Business Services 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 Platinumone Business Services IPO will be done on Monday, September 13, 2021, and the allotted shares will be credited to your demat account by Wed, Sep 15, 2021. Check the Platinumone Business Services IPO allotment status.
The Platinumone Business Services IPO listing date is on Thu, Sep 16, 2021.
