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Pelatro IPO is a book built issue of Rs 55.98 crores. The issue is entirely a fresh issue of 27.99 lakh shares.
Pelatro IPO opens for subscription on September 16, 2024 and closes on September 19, 2024. The allotment for the Pelatro IPO is expected to be finalized on Friday, September 20, 2024. Pelatro IPO will list on NSE SME with tentative listing date fixed as Tuesday, September 24, 2024.
Pelatro IPO price band is set at ₹190 to ₹200 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹240,000.
Cumulative Capital Private Limited is the book running lead manager of the Pelatro IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Pelatro IPO is Shree Bahubali Stock Broking.
Refer to Pelatro IPO RHP for detailed information.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹190 to ₹200 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,799,000 shares (aggregating up to ₹55.98 Cr) |
| Fresh Issue | 2,799,000 shares (aggregating up to ₹55.98 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,607,663 |
| Share holding post issue | 10,406,663 |
| Market Maker portion | 140,400 shares Shree Bahubali Stock Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.03% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Pelatro IPO opens on September 16, 2024, and closes on September 19, 2024.
| IPO Open Date | Monday, September 16, 2024 |
| IPO Close Date | Thursday, September 19, 2024 |
| Basis of Allotment | Friday, September 20, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| Credit of Shares to Demat | Monday, September 23, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹120,000 |
| Retail (Max) | 1 | 600 | ₹120,000 |
| HNI (Min) | 2 | 1,200 | ₹240,000 |
| Lot Size Calculator | |||
Subash Menon, Sudeesh Yezhuvath, Kiran Menon, and Varun Menon are the company's promoters.
| Share Holding Pre Issue | 73.31% |
| Share Holding Post Issue | 53.59% |
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 | 5,780.92 | |||||||||
| Revenue | 5,536.54 | |||||||||
| Profit After Tax | -195.62 | |||||||||
| Net Worth | 1,202.89 | |||||||||
| Reserves and Surplus | 502.89 | |||||||||
| Total Borrowing | 1,867.58 | |||||||||
| Amount in ₹ Lakhs | ||||||||||
The market capitalization of Pelatro IPO is Rs 208.13 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | -15.48% |
| ROCE | 3.85% |
| Debt/Equity | 1.55 |
| RoNW | -15.48% |
| P/BV | 11.64 |
| PAT Margin (%) | -3.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -2.57 | -1.88 |
| P/E (x) | -77.78 | -106.4 |
The company intends to utilize the proceeds of the issue to meet the following objectives:
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 |
Pelatro Limited
No. 403, 7th A Main,
1st Block HRBR Layout,
Bangalore - 560 043
Phone: +91 80 4903 3200
Email: company.secretary@pelatro.com
Website: http://www.pelatro.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Pelatro IPO is a SME IPO of 2,799,000 equity shares of the face value of ₹10 aggregating up to ₹55.98 Crores. The issue is priced at ₹190 to ₹200 per share. The minimum order quantity is 600 Shares.
The IPO opens on September 16, 2024, and closes on September 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 September 16, 2024 and closes on September 19, 2024.
Pelatro IPO lot size is 600 Shares, and the minimum amount required is ₹120,000.
You can apply in Pelatro IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 Monday, September 23, 2024. Check the Pelatro IPO allotment status.
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