Listing Details
- Listing Exchange NSE SME
- Listing Date 13-Oct-23
- IPO Price Range ₹ 48
- Listing Price ₹ 59
- Listing Change 22.9%
- Last Traded Price ₹ 32.8
- Current Change -31.7%
Plada Infotech IPO Details
- Open Date 29-Sep-23
- Close Date 05-Oct-23
- Lot Size 3000
- IPO Size ₹ 12.36 Cr
- IPO Price Range ₹ 48
- Min Investment ₹ 144,000
- Listing Exchange NSE SME
- Basis of Allotment 10-Oct-23
- Refunds 11-Oct-23
- Credit to Demat Account 12-Oct-23
- Listing Date 13-Oct-23
Plada Infotech Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Sep-23 | - | 0.24 | 2.65 | 1.45 |
| 03-Oct-23 | - | 1.54 | 13.72 | 7.63 |
| 04-Oct-23 | - | 3.99 | 31.41 | 17.70 |
| 05-Oct-23 | - | 39.81 | 73.78 | 57.85 |
Plada Infotech IPO Synopsis
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.
About Plada Infotech Services
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
Plada Infotech Services Financial Status
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 |
Plada Infotech IPO Key Points
-
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.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Plada Infotech IPO FAQs
What is the minimum lot size and investment required for the Plada Infotech Services IPO?
The minimum lot size of Plada Infotech IPO is 3000 shares and the investment required is ₹1,44,000.
What is the price band of Plada Infotech IPO?
The price for Plada Infotech IPO is ₹48 per share.
When does the Plada Infotech Services IPO opens and closes?
Plada Infotech Services IPO opens from 29th September to 4th October 2023.
What is the size of the Plada Infotech Services IPO issue?
The size of Plada Infotech IPO is ₹12.36 cr.
What is the allotment date of Plada Infotech Services IPO?
The share allotment date of Plada Infotech IPO is 9th October 2023.
What is the Plada Infotech Services IPO listing date?
The Plada Infotech IPO will be listed on 12th October 2023.
Who are the book runners for the Plada Infotech Services IPO?
Indorient Financial Services Ltd is the book-running lead manager for Plada Infotech IPO.
What is the objective of the 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.
How to apply for the Plada Infotech Services IPO?
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.
Contact Details of Plada Infotech Services IPO
Contact Information
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/
Plada Infotech Services IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Plada Infotech Services IPO Lead Manager
Indorient Financial Services Ltd