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Plada Infotech IPO

Plada Infotech Services IPO

  • Status: Closed
  • RHP:
  • ₹ 144,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    29 Sep 2023

  • Close Date

    05 Oct 2023

  • IPO Price Range

    ₹ 48

  • IPO Size

    ₹ 12.36 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    13 Oct 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Plada Infotech Services IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Plada Infotech Services Limited IPO is all set to open from 29th September to 4th October 2023. The company provides comprehensive Business Process Outsourcing (BPO). The IPO includes a fresh issue of 2,574,000 shares worth ₹12.36 cr. The share allotment date is 9th October, and the IPO will be listed on 12th October, on the stock exchanges. The price band is ₹48 per share and the lot size is 3000 shares.    

Indorient Financial Services Ltd is the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd is the registrar. 

Objectives of Plada Infotech IPO

Plada Infotech Services plans to utilize the raised capital from the IPO to:
●    To pre-pay or repay full or partial borrowings obtained.
●    To purchase Laptops and Accessories for IT Development. 
●    For working capital requirements.
●    General corporate purpose.
●    To meet the issue expenses.

Established in 2010, Plada Infotech Services provides comprehensive Business Process Outsourcing (BPO) as per clients' specific requirements. The company delivers a diverse range of services, including recruitment and payroll management, merchant acquisition, field support, software solutions, seller onboarding, and account management to its clients.

Merchant Acquisition: Acquiring and onboarding new merchants for clients, including banks, NBFCs, and startups.

Field Support: Dispatching technicians, workers, or contractors to locations outside a company's premises to handle equipment installation, maintenance, or repairs. 

Recruitment & Payroll Management: Providing integrated Payroll Management solutions for clients, which include banks and corporates.

Account Management: Overseeing processes and compliance related to merchant engagement and activation, data security, merchant acquisition, and program implementation on behalf of their clients. 

Plada Infotech Services employs more than 1,400 individuals across the country and operates from 12 offices in 12 cities, with additional cities being served remotely.

Peer Comparison

●    Firstsource Solutions Limited
●    Eclerx Services Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) Dec 31, 2021 FY21 FY20
Revenue 47.61 48.78 44.55
EBITDA 3.13 4.35 3.57
PAT 1.02 1.09 0.67
Particulars (in Rs. Crores) Dec 31, 2021 FY21 FY20
Total Assets 26.79 27.20 27.60
Share Capital 2.00 0.20 0.01
Total Borrowings 20.59 22.03 22.03
Particulars (in Rs. Crores) Dec 31, 2021 FY21 FY20
Net cash generated from / (used in) operating activities 1.14 4.81 4.07
Net cash from / (used in) investing activities 1.64 -0.25 -0.61
Net cash flow from / (used in) financing activities -3.00 -4.42 -2.71
Net increase (decrease) in cash and cash equivalents -0.24 0.14 0.75

Strengths

1.    The company provides higher customer satisfaction and has a good retention rate.
2.    It has long-term relationships with the clients. 
3.    PAN-India presence. 
4.    Experienced promoters and management team.
 

Risks

1.    Uncertainty of client commitment and potential contract termination.
2.    The business is subject to extensive government regulation, which may restrict the types of services offered. 
3.    Due to the nature of the staffing services business, the company can be exposed to employee-related risks.
 

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FAQs

The minimum lot size of Plada Infotech IPO is 3000 shares and the investment required is ₹1,44,000.

The price for Plada Infotech IPO is ₹48 per share. 

Plada Infotech Services IPO opens from 29th September to 4th October 2023.
 

The size of Plada Infotech IPO is ₹12.36 cr. 

The share allotment date of Plada Infotech IPO is 9th October 2023.

The Plada Infotech IPO will be listed on 12th October 2023.

Indorient Financial Services Ltd is the book-running lead manager for Plada Infotech IPO.

Plada Infotech Services plans to utilize the raised capital from the IPO to:

1.    To pre-pay or repay full or partial borrowings obtained.
2.    To purchase Laptops and Accessories for IT Development. 
3.    For working capital requirements.
4.    General corporate purpose.
5.    To meet the issue expenses.
 

To apply for Plada Infotech IPO, follow the steps given below
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Plada Infotech Services IPO.    
●    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.