Pelatro IPO
IPO Listing Details
- Listing Date
24 Sep 2024
- Listing Price
₹ 275.00
- Listing Change
37.50%
- Last Traded Price
₹ 510.10
IPO Details
- Open Date
16 Sep 2024
- Close Date
19 Sep 2024
- IPO Price Range
₹ 190 - ₹ 200
- IPO Size
₹ 55.98 Cr
- Listing Exchange
NSE SME
- Listing Date
24 Sep 2024
IPO Timeline
Pelatro IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 16-Sep-24 | 0.00 | 0.18 | 0.79 | 0.43 |
| 17-Sep-24 | 0.00 | 1.07 | 2.76 | 1.59 |
| 18-Sep-24 | 0.00 | 2.76 | 4.54 | 2.81 |
| 19-Sep-24 | 15.22 | 55.31 | 12.41 | 21.86 |
Last Updated: 20 September 2024 12:21 PM by 5Paisa
Pelatro IPO is set to open on 16 September 2024 and will close on 19 September 2024. Pelatro provides the mViva platform, which helps businesses engage with their customers more effectively by understanding their behavior and needs.
The IPO includes a fresh issue of 27.99 lakh shares aggregating ₹55.98 Cr and does not include an offer for sale. The price range is set between ₹190- ₹200 per share and the lot size is 600 shares.
The allotment is scheduled to be finalized on 20 September 2024. It will go public on NSE SME with a tentative listing date of 24 September 2024.
Cumulative Capital Private Limited is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.
Pelatro IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹55.98 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹55.98 Cr |
Pelatro IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹120,000 |
| Retail (Max) | 1 | 600 | ₹120,000 |
| HNI (Min) | 2 | 1,200 | ₹240,000 |
Pelatro IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 15.22 | 5,21,400 | 79,33,800 | 158.68 |
| NII (HNI) | 55.31 | 3,92,400 | 2,17,05,000 | 434.10 |
| Retail | 12.41 | 9,13,200 | 1,13,32,800 | 226.66 |
| Total | 21.86 | 18,76,800 | 4,10,22,000 | 820.44 |
Pelatro IPO Anchor Allocation
| Anchor Bid Date | 13 September, 2024 |
| Shares Offered | 781,800 |
| Anchor portion Size (In ₹ Cr.) | 15.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | 20 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 19 December, 2024 |
1. Investment in the subsidiary
2. Meeting Working Capital Needs
3. General Corporate Purposes
4. Funding for IT equipment, computer hardware, servers and related installations.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 59.15 | 49.05 | 40.88 |
| EBITDA | 5.41 | 4.64 | 3.57 |
| PAT | 10.45 | 8.77 | 7.19 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 51 | 30.80 | 16.85 |
| Share Capital | 7 | 0.10 | 0.10 |
| Total Borrowings | 18.68 | 13.48 | 5.13 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 3.74 | -2.81 | 0.96 |
| Net Cash Generated From / (used in) investing activities | -3.75 | -0.64 | -0.50 |
| Net Cash Generated From / (used in) financing activities | -0.10 | 7.34 | -0.94 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.20 | 3.89 | -0.48 |
Strengths
1. Pelatro’s development and testing capabilities, along with patented technology, provide a competitive edge and enhance its market position.
2. The comprehensive mViva platform, combined with deep specialist knowledge, enables Pelatro to offer a complete solution for customer engagement, ensuring high quality service and efficiency.
3. The company's asset friendly, automated and scalable platform supports a cost effective, growth oriented business model that can easily adapt to expanding global markets.
Risks
1. Despite its strong position, Pelatro operates in a fast growing sector with high entry barriers and significant competition which may impact market share.
2. A portion of Pelatro's customer base is in the telecom industry. Changes in this sector or economic downturns could affect the company's performance.
3. The technology landscape is constantly evolving. Keeping up with rapid advancements and maintaining the relevance of proprietary technology could pose a risk if not managed effectively.
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FAQs
Pelatro IPO opens from 16 September to 19 September 2024.
The size of Pelatro IPO is ₹55.98 crores.
The price of Pelatro IPO is fixed between ₹190 -₹200 per share.
To apply for Pelatro IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Pelatro IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Pelatro IPO is 600 shares and the minimum investment required is ₹114,000.
The share allotment date of Pelatro IPO is 20 September 2024
The Pelatro IPO will be listed on 24 September 2024.
Cumulative Capital Private Limited is the book running lead manager for Pelatro IPO.
Pelatro plans to utilize the raised capital from the IPO for:
1. Investment in the subsidiary
2. Meeting Working Capital Needs
3. General Corporate Purposes
4. Funding for IT equipment, computer hardware, servers and related installations.
Contact Information
Pelatro
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/
Pelatro IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Pelatro IPO Lead Manager
Cumulative Capital Private Limited
