Pelatro IPO will open for subscription from 16 September 2024. The company aims for an issue size of ₹55.98 Cr through this IPO.
Company Overview
| Full name | Pelatro Limited |
| Sector | Information Technology |
| Industry | IT – Software |
| Company Website | https://www.pelatro.com/ |
About Company
Pelatro is a global technology company that has developed a robust Customer Engagement Platform called mViva. This platform enables enterprises and brands to engage more effectively with their end users by gaining deep insights into customer behavior and needs. mViva offers a comprehensive suite of tools, from data collection and analysis to intelligence gathering, audience targeting, campaign execution, and reporting. The company’s core products include Campaign Management Solutions, Loyalty Management Solutions, Lead Management Solutions, and Data Monetization Solutions, all designed to enhance customer interactions and drive business growth.
As of 31 May 2024, Pelatro’s Customer Engagement Platform has been implemented or is in the process of being implemented across 38 telecom networks in 30 countries, including India. Among these networks, 16 are located in Asia, 5 in the Middle East, 15 in Africa, 1 in the Caribbean, and 1 in Europe, and the company employs 296 people. Pelatro’s customer base primarily consists of telecom companies, including their subsidiaries and affiliated entities operating in various countries worldwide. Additionally, the company has expanded its focus to serve banking and finance companies.
The Objectives of the Issue
- Funding capital expenditure requirement of our company towards; Purchase & Installation of IT equipment, computer hardware, server, and other ancillary equipment;
- Investment in the subsidiary;
- Funding the working capital needs of the company; and
- General corporate purposes.
Pelatro IPO Timetable
| IPO Opening date | 16 September 2024 |
| IPO Closing | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation Refund | 20 September 2024 |
| Credit to Demat Account | 23 September 2024 |
| Listing Date | 24 September 2024 |
Pelatro IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹55.98 Cr – 2,799,000 shares |
| Fresh Issue | ₹55.98 Cr – 2,799,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹190 to ₹200 per share |
| Lot size | 600 Shares |
| Market Maker portion | 140,400 shares |
| Shareholding pre-issue | 7,607,663 |
| Shareholding post-issue | 10,406,663 |
| Listing Exchange | NSE SME |
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 Offer Documents
Pelatro IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 7,81,800 (27.93%) |
| Market Maker Shares Offered | 1,40,400 (5.02%) |
| QIB Shares Offered | 5,21,400 (18.63%) |
| NII (HNI) Shares Offered | 3,92,400 (14.02%) |
| Retail Shares Offered | 9,13,200 (32.63%) |
| Total Shares Offered | 27,99,000 (100%) |
Pelatro Financial Performance
| Period Ended | 31 Mar 2024 |
| Assets | 5,780.92 |
| Revenue | 5,536.54 |
| Profit After Tax | -195.62 |
| Net Worth | 1,202.89 |
| Reserves and Surplus | 502.89 |
| Total Borrowing | 1,867.58 |
Pelatro Valuations & Margins
| FY 2024 | |
| EPS | (5.15) |
| PE ratio | – |
| RONW (%) | (16.26) |
| NAV | 17.18 |
| ROCE (%) | 4.70 |
| EBITDA (%) | 5.66 |
| Debt/Equity | 1.55 |
Company Promoters
- Subash Menon
- Sudeesh Yezhuvath
- Kiran Menon
- Varun Menon
Promoter Holding
| Pre Issue Share Holding | 73.31% |
| Post Issue Share Holding | 53.59% |
Pelatro Offer GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 23-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 23-Sep-2024 11:30 |
| 22-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 22-Sep-2024 23:26 |
| 21-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 21-Sep-2024 23:30 |
| 20-09-2024 Allotment | 200.00 | ₹0 | — | ₹200 (0%) | 20-Sep-2024 23:26 |
| 19-09-2024 Close | 200.00 | ₹0 | — | ₹200 (0%) | 19-Sep-2024 23:31 |
| 18-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 18-Sep-2024 23:31 |
| 17-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 17-Sep-2024 23:32 |
| 16-09-2024 Open | 200.00 | ₹0 | — | ₹200 (0%) | 16-Sep-2024 23:27 |
| 15-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 15-Sep-2024 23:24 |
| 14-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 14-Sep-2024 23:27 |
| 13-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 13-Sep-2024 23:25 |
| 12-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 12-Sep-2024 23:24 |
| 11-09-2024 | 200.00 | ₹0 | — | ₹200 (0%) | 11-Sep-2024 23:31 |
Pelatro IPO Subscription Update
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 5,21,400 | 3,92,400 | 9,13,200 | 49,800 | 18,76,800 |
| 19 Sep 2024 | 15.22 | 55.60 | 11.90 | 1.01 | 21.67 |
| 18 Sep 2024 | 0.00 | 3.52 | 4.94 | 0.92 | 3.16 |
| 17 Sep 2024 | 0.00 | 1.42 | 2.72 | 0.83 | 1.64 |
| 16 Sep 2024 | 0.00 | 0.50 | 1.31 | 0.76 | 0.76 |
Pelatro IPO Allotment Status
Pelatro IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Pelatro IPO Listing Details
| Listing Date | 24 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Pelatro IPO Lead Manager(s)
CUMULATIVE CAPITAL PRIVATE LIMITED
321, 3rd Floor, C Wing, 215 Atrium Co-Op. Premises,
Andheri Kurla Road, Hanuman Nagar,
Andheri (E) Mumbai – 400 093, Maharashtra
Phone: +91 981 966 2664 / 701 625 1158
Email: contact@cumulativecapital.group
Website: www.cumulativecapital.group
Pelatro Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Pelatro Contact Details
PELATRO LIMITED
No.403, 7th A Main, 1st Block HRBR Layout,
Bangalore – 560 043, Karnataka, India
Phone: +91 80 4903 3200
E-mail: company.secretary@pelatro.com
Website: www.pelatro.com
Pelatro IPO FAQs
What is Pelatro’s offer size?
Pelatro’s offer size is ₹ 53.18 – 55.98 crores.
What is the Pelatro IPO price band?
Pelatro public offer price is ₹ 190 – 200 per share.
What is the lot size of Pelatro Offer?
Pelatro offer lot size is 600 shares.
What is Pelatro IPO GMP today?
Pelatro IPO GMP today is ₹ NA per share.
What is the Pelatro kostak rate today?
Pelatro kostak rate today is ₹ NA per application.
What is Pelatro Subject to Sauda rate today?
Pelatro is Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Pelatro IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
