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Pelatro IPO

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NSE 16 September - 19 September 2024
Pelatro Limited IPO is a book build issue of 55.98 Cr. The issue is entirely a fresh issue of 2799000 shares aggregating to 55.98 Cr. Pelatro Limited IPO opened for subscription on Sep 16, 2024 and closed on Sep 19, 2024. The allotment for the this IPO was finalized on Sep 20, 2024. IPO was listed on NSE and BSE on Sep 24, 2024. Pelatro Limited IPO is set issue price band at ₹190 to ₹200 per share.

Current GMP

₹0 (0.00%)

Price Band

₹ 190 – 200

Lot Size

600

Issue Size

₹55.98 Cr

Minimum Investment

₹240000 (1200 Shares)

Listing Date

24 September 2024

Subscription

22.86x

About the Company

Pelatro Limited 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. 

Promoters

The Promoters of the company are 

  1. Subash Menon
  2. Sudeesh Yezhuvath
  3. Kiran Menon
  4. Varun Menon
Promoters Holding

Holding Pre Issue

73.31%

Holding Post Issue

53.59%

Objects of the Issue

 The company intend to utilize the proceeds of the issue to meet the following objects:

  1. Funding capital expenditure requirement of our company towards; Purchase & Installation of IT equipment, computer hardware, server and other ancillary equipment
  2. Investment in our subsidiary;
  3. Funding working capital needs of our company;
  4. General corporate purposes.

Address / Contact Info

Pelatro Limited
No. 403, 7th A Main, 1st Block
HRBR Layout, Bangalore - 560 043,
Karnataka, India.

 Phone: +91 80 4903 3200
Email: company.secretary@pelatro.com
Website: http://www.pelatro.com

IPO Snapshot

Face Value₹10 per share
Price Band₹ 190 – 200
Lot Size600
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 55.98 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 55.98 Cr
Listing AtNSE
Industry
Sector
QIB Quota18.63%
Retail Quota32.63%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Pelatro IPO is a Book-building IPO worth ₹55.98 crores. The price band is ₹190 to 200 per share. The IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Pelatro IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024

Pelatro IPO Price Band is ₹190 to 200.

Pelatro IPO lot size is 600, and the minimum amount required for application is ₹240000.

The minimum investment for Pelatro IPO is approximately ₹240000 based on the upper price band.

To apply for the Pelatro IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 19, 2024. After submission, funds are blocked until the basis of allotment of Pelatro IPO is finalised.

Pelatro IPO issue size is ₹55.98 crores.

Pelatro IPO allotment date is Sat, Jun 27, 2026.

The registrar for Pelatro IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Pelatro IPO through their official website or helpline.

The Pelatro IPO GMP (Grey Market Premium) is ₹0 as of Tue, Sep 24, 2024. Based on the upper price band of ₹200 per share, the estimated Pelatro IPO listing price is ₹200, indicating a potential listing gain of approximately 31% over the issue price.