Pelatro IPO Subscription Status

5paisa Research Team

Last Updated: 19th September 2024 - 04:54 pm

Pelatro's initial public offering (IPO) has garnered significant investor interest, with subscription rates showing a marked increase over the four-day period. The IPO, which opened on 16th September 2024, witnessed a surge in demand, particularly on the final day, resulting in a 7.65 times oversubscription by 12:13:03 PM on day four. This robust response underscores the market's appetite for Pelatro's shares and sets an optimistic tone for its potential listing.

During the subscription period, Pelatro attracted bids for 1,43,65,200 equity shares, amounting to a substantial ₹287.30 crore. This level of investor engagement suggests strong confidence in the company's business model and future prospects.

Subscription Status of Pelatro IPO for Days 1, 2, 3, and 4:

Date	QIB	NII*	Retail	Total
Day 1 (Sep 16)	0.00	0.18	0.79	0.43
Day 2 (Sep 17)	0.00	1.07	2.76	1.59
Day 3 (Sep 18)	0.00	2.76	4.54	2.81
Day 4 (Sep 19)	7.01	11.44	6.76	7.65

Note: Market Maker portion is not included in NII/HNI.

Detailed subscription details for Pelatro IPO as of Day 4 (19th September 2024, 12:13:03 PM):

Investor Category	Subscription (times)	Shares Offered*	Shares bid for	Total Amount (₹ Cr.)*
Qualified Institutions	7.01	5,21,400	36,54,000	73.08
Non-Institutional Buyers	11.44	3,92,400	44,88,000	89.76
Retail Investors	6.76	9,13,200	61,74,000	123.48
Total	7.65	18,76,800	1,43,65,200	287.30

Total Applications: 10,290

Note: The total amount is calculated based on the upper price of the issue price range (₹200 per share).

Key Highlights:

Pelatro IPO has been subscribed 7.65 times overall, indicating strong investor interest.
Non-Institutional Investors (NII) have shown the highest enthusiasm, with a subscription ratio of 11.44 times.
Qualified Institutional Buyers (QIB) have demonstrated significant interest, with a subscription ratio of 7.01 times, all of which came on the final day.
Retail investors have also shown solid participation, with a subscription ratio of 6.76 times.
The overall subscription trend increased dramatically on the final day, suggesting a last-minute surge in investor confidence.

Pelatro IPO - Day 3 Subscription at 2.81 Times

Key Highlights:

By Day 3, Pelatro's IPO had subscribed 2.81 times, with growing interest from retail investors and NIIs.
Retail investors showed increased interest with a subscription ratio of 4.54 times.
Non-Institutional Investors (NII) demonstrated growing interest with a subscription ratio of 2.76 times.
Qualified Institutional Buyers (QIB) had yet to participate, maintaining a subscription ratio of 0.00 times.
The overall subscription trend indicated building momentum, particularly in the retail and NII categories.

Pelatro IPO - Day 2 Subscription at 1.59 Times

Key Highlights:

On Day 2, Pelatro's IPO subscription reached 1.59 times, driven primarily by Retail Investors.
Retail investors showed strong interest with a subscription ratio of 2.76 times.
Non-Institutional Investors (NII) began showing more interest, with the subscription ratio rising to 1.07 times.
Qualified Institutional Buyers (QIB) still showed no participation.
The subscription trend suggested growing retail investor confidence in the issue.

Pelatro IPO - Day 1 Subscription at 0.43 Times

Key Highlights:

On Day 1, Pelatro's IPO opened to a modest 0.43 times subscription, with initial demand coming mainly from Retail Investors.
Retail investors showed early interest with a subscription ratio of 0.79 times.
Non-Institutional Investors (NII) displayed minimal initial interest with a subscription ratio of 0.18 times.
Qualified Institutional Buyers (QIB) showed no initial interest.
The first-day response, while modest, laid the groundwork for increased participation in the following days.

About Pelatro Ltd:

Pelatro Limited is a technology company specialising in customer engagement solutions, primarily for telecommunications. Their flagship product, mViva, is a comprehensive customer engagement platform that facilitates customer-centric interactions between companies and their end users.
As of 31st May 2024, the platform has been implemented or is being implemented in 38 telecom networks across 30 countries.

Pelatro's core product portfolio includes Campaign Management Solutions, Loyalty Management Solutions, Lead Management Solutions, and Data Monetisation Solutions. The company has a strong presence in various markets, particularly in Asia, the Middle East, and Africa, and it has recently expanded into banks and financial companies.

Pelatro's competitive strengths include proprietary technology, industry expertise, a comprehensive offering, an established client base, a strong market position, a scalable business model, a global customer base, patented technology, and experienced management.

As of 31st March 2024, the company reported total assets of ₹5,780.92 lakhs, revenue of ₹5,536.54 lakhs, and net worth of ₹1,202.89 lakhs. However, while the company shows strong revenue, it reported a loss of ₹195.62 lakhs in the most recent financial year, which could be attributed to investments in growth or market expansion strategies.