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Plada Infotech Services IPO is a fixed price issue of Rs 12.36 crores. The issue is entirely a fresh issue of 25.74 lakh shares.
Plada Infotech Services IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for Plada Infotech Services IPO was finalized on Monday, October 9, 2023. The shares got listed on NSE SME on October 13, 2023.
Plada Infotech Services IPO price is ₹48 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹288,000.
Indorient Financial Services Ltd is the book running lead manager of the Plada Infotech Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Plada Infotech Services IPO is Nikunj Stock Brokers.
Refer to Plada Infotech Services IPO RHP for detailed information.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,574,000 shares (aggregating up to ₹12.36 Cr) |
| Fresh Issue | 2,574,000 shares (aggregating up to ₹12.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,000,000 |
| Share holding post issue | 8,574,000 |
| Market Maker portion | 129,000 shares Nikunj Stock Brokers |
Plada Infotech Services IPO offers 2,574,000 shares. 1,222,500 (47.49%) to NII, 1,222,500 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 129,000 (5.01%) |
| Other Shares Offered | 1,222,500 (47.49%) |
| Retail Shares Offered | 1,222,500 (47.49%) |
| Total Shares Offered | 2,574,000 (100%) |
Plada Infotech Services IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Thursday, October 5, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Wednesday, October 11, 2023 |
| Listing Date | Friday, October 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2023 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
| Lot Size Calculator | |||
Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak are the company's promoters.
| Share Holding Pre Issue | 89.50% |
| Share Holding Post Issue | 62.64% |
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 |
| Revenue | 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 Services IPO is Rs 41.16 Cr.
| KPI | Values |
|---|---|
| ROE | 37% |
| ROCE | 21% |
| Debt/Equity | 2.2 |
| RoNW | 31.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.9 | |
| P/E (x) | 12.31 | 17.58 |
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...
The Plada Infotech Services IPO is subscribed 57.85 times on October 5, 2023 7:29:00 PM. 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) |
|---|---|
| Other | 39.81 |
| Retail | 73.78 |
| Total | 57.85 |
Total Application : 30,064 (73.87 times)
| Listing Date | October 13, 2023 |
| BSE Script Code | |
| NSE Symbol | PLADAINFO |
| ISIN | INE0PXD01014 |
| Final Issue Price | ₹48 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹48.00 |
| ₹59.00 |
| ₹56.05 |
| ₹60.00 |
| ₹56.05 |
Plada Infotech Services Limited
Santosh A. Mishra Compound,
Mograpada, Mogra Village, off. Old Nagardas Road
Andheri (East), Mumbai - 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
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Plada Infotech Services IPO is a SME IPO of 2,574,000 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 Shares.
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 Services IPO using UPI as a payment gateway. Zerodha customers can apply in Plada Infotech Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Plada Infotech Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Plada Infotech Services IPO opens on September 29, 2023 and closes on October 5, 2023.
Plada Infotech Services IPO lot size is 3000 Shares, and the minimum amount required is ₹144,000.
You can apply in Plada Infotech Services 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 Plada Infotech Services 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 Services IPO allotment status.
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