Plada Infotech Services IPO will open for subscription from 29 September 2023. The company aims for an issue size of ₹12.36 Cr through this IPO.
Company Overview
| Full name | Plada Infotech Services Limited |
| Sector | Information Technology |
| Industry | BPO/ITES |
| Company Website | https://pladainfotech.com/ |
About Company
Incorporation in 2010, Plada Infotech Services specializes in delivering comprehensive Business Process Outsourcing (BPO). Its focus is on exceeding delivery standards and providing high-quality solutions using the latest technology and industry best practices. Following is an illustrative list of the business operations and the services that Plada Infotech Services provides:
- Merchant Acquisition: The company acquires and on-boards new merchants for Banks, NBFCs, and Startups (both Domestic and Multinational Companies). Plada’s merchant acquisition services extend from lead-based visits to cold calls. The company ensures end-to-end services for the clientele including merchant engagement activation, documentation, training, and establishment, application processing from KYC to TID generation, an automated lead management tool, and M-Reporter Application for sales to track and manage productivity.
- Field Support: Field service management typically involves dispatching technicians, workers, or contractors to a location outside company premises to install, maintain, or repair equipment, systems, or assets. In addition, these professionals manage the team, assign tasks, prepare reports, and maintain customer relationships.
- Recruitment & Payroll Management: The company offers Payroll Management services as a complete and integrated solution. The clients comprise Banks & Corporates for whom end-to-end payroll management is done through the platform Kundali.
- Account Management: Account management involves managing the processes and compliances associated with merchant engagement & activation, data security, merchant acquisition, and implementation of programs on behalf of the client.
The company has over 1,400 employees across the country and operates through 12 offices in 12 cities with other cities being serviced remotely.
The Objectives of the Issue
- To meet the working capital requirements.
- To purchase Laptops and Accessories for IT Development.
- Repayment and/or prepayment in part or in full, of certain outstanding loans of the Company.
- General Corporate Purposes.
- To meet the issue expenses.
Plada Infotech Services IPO Timetable
| IPO Opening date | 29 September 2023 |
| IPO Closing | 04 October 2023 |
| Basis of Allotment | 09 October 2023 |
| Initiation Refund | 10 October 2023 |
| Credit to Demat Account | 11 October 2023 |
| Listing Date | 12 October 2023 |
Plada Infotech Services IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12.36 Cr – 2,574,000 shares |
| Fresh Issue | ₹12.36 Cr – 2,574,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹48 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 129,000 shares |
| Shareholding pre-issue | 6,000,000 |
| Shareholding post-issue | 8,574,000 |
| Listing Exchange | NSE SME |
Plada Infotech Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
Plada Infotech Services IPO Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Plada Infotech Services Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 44.55 | 48.78 | 62.17 |
| Expenses | 43.67 | 47.42 | 60.10 |
| Net income | 0.66 | 1.10 | 2.34 |
Plada Infotech Services Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.10 | 1.83 | 3.90 |
| PE ratio | – | – | 12.31 |
| RONW (%) | 16.12 | 21.17 | 31.07 |
| NAV | 6.81 | 8.64 | 12.55 |
| ROCE (%) | 14.00 | 18.00 | 21.00 |
| EBITDA (%) | 8.01 | 8.92 | 8.25 |
| Debt/Equity | 4.78 | 3.42 | 2.20 |
Plada Infotech Services Company Promoters
- Mr. Shailesh Kumar Damani
- Mr. Anil Mahendra Kotak
Promoter Holding
| Pre Issue Share Holding | 89.50% |
| Post Issue Share Holding | 62.64% |
Plada Infotech Services IPO Lead Manager(s)
INDORIENT FINANCIAL SERVICES LIMITED
A/501, Rustomjee Central Park, Executive Spaces,
Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra
Phone: +91 79772 12186
Email: compliance-ifsl@indorient.in
Website: www.indorient.in
Plada Infotech Services Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. 56-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Plada Infotech Services Contact Details
PLADA INFOTECH SERVICES LIMITED
Santosh A. Mishra Compound, Mograpada, Mogra Village,
off. Old Nagardas Road, Andheri (East), Mumbai, Maharashtra – 400069
Phone: +91 8976996702
E-mail: Abhishek.jain@pladainfotech.com
Website: www.pladainfotech.com
Plada Infotech Services IPO Allotment Status
Plada Infotech IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Plada Infotech Services IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
