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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 ₹92.00 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). The minimum lot size investment for 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 Date | September 2, 2021 to September 7, 2021 |
| Listing Date | September 16, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,22,400 shares (aggregating up to ₹3.89 Cr) |
| Reserved for Market Maker | 21,600 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.1987 Cr) |
| Net Offered to Public | 4,00,800 shares (aggregating up to ₹3.69 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 11,60,000 shares |
| Share Holding Post Issue | 15,82,400 shares |
Platinumone Business Services IPO offers total 4,22,400 shares. Out of which 2,00,400 (47.44%) allocated to NII, 2,00,400 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 21,600 (5.11%) |
| NII (HNI) Shares Offered | 2,00,400 (47.44%) |
| Retail Shares Offered | 2,00,400 (47.44%) |
| Total Shares Offered | 4,22,400 (100.00%) |
Platinumone Business Services IPO opens on September 2, 2021, and closes on September 7, 2021.
| IPO Open Date | Thu, Sep 2, 2021 |
| IPO Close Date | Tue, Sep 7, 2021 |
| Tentative Allotment | Mon, Sep 13, 2021 |
| Initiation of Refunds | Tue, Sep 14, 2021 |
| Credit of Shares to Demat | Wed, Sep 15, 2021 |
| Tentative Listing Date | Thu, Sep 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 7, 2021 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,10,400 |
| Retail (Max) | 1 | 1,200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 1,399.13 | 1,409.06 | 1,154.90 | ||
| Total Revenue | 2,020.80 | 2,618.00 | 1,839.24 | ||
| Profit After Tax | 107.55 | 204.32 | 175.66 | ||
The Company Platinumone Business Services IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet working capital requirement | 2.55 |
| 2 | General Corporate Purposes | 0.84 |
[Dilip Davda] Though the issue appears lucratively priced based on super earnings, its small equity base post IPO indicates a longer duration for migration to the main board. The company operates in a highly competitive segment with many players. The sustainability of its superb performance raises concerns. Risk seeker/cash surplus investors may consider investment for the long term, others can ignore it. Read detail review...
| Listing Date | September 16, 2021 |
| BSE Script Code | 543352 |
| NSE Symbol | |
| ISIN | INE0DTJ01015 |
| Final Issue Price | ₹92 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹92.00 |
| Open | ₹99.95 |
| Low | ₹99.95 |
| High | ₹104.90 |
| Last Trade | ₹104.90 |
Platinumone Business Services Ltd.
Unit No. 0907 & 0908, Lodha Supremus II
Plot No. F-4 & F-4/1, Rd No.22
Wagle Estate
Thane, Maharashtra, 400604
Phone: +91 – 9152018640
Email: info@platinumone.co.in
Website: http://www.platinumone.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Platinumone Business Services IPO is a SME IPO of 4,22,400 equity shares of the face value of ₹10 aggregating up to ₹3.89 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200.
The IPO opens on September 2, 2021, and closes on September 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 September 2, 2021 and closes on September 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 Wednesday, September 15, 2021. Check the Platinumone Business Services IPO allotment status.
The Platinumone Business Services IPO listing date is on Thursday, September 16, 2021.
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