Pelatro IPO Details
The Pelatro IPO is a book build issue with a total issue size of ₹55.98 cr, comprising of fresh issue of 2799000 equity shares. Pelatro IPO opened for subscription on Sep 16, 2024 and closed on Sep 19, 2024. Pelatro IPO is set price band at ₹190 to ₹200 per share, with a lot size of 600 shares. Minimum investment for Retail investors was ₹240,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 20, 2024, and listed on the NSE on Sep 24, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Cumulative Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Pelatro IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 190 – 200
- Lot Size
- 600
- Issue Size
- ₹55.98 Cr
- Minimum Investment
- ₹240000 (1200 Shares)
- Listing Date
- 24 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Pelatro Limited
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.
Pelatro IPO Promoters
The Promoters of the company are
- Subash Menon
- Sudeesh Yezhuvath
- Kiran Menon
- Varun Menon
Promoters Holding
Holding Pre Issue
73.31%
Holding Post Issue
53.59%
Pelatro IPO Objective
The company intend to utilize the proceeds of the issue to meet the following objects:
- Funding capital expenditure requirement of our company towards; Purchase & Installation of IT equipment, computer hardware, server and other ancillary equipment
- Investment in our subsidiary;
- Funding working capital needs of our company;
- 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
Book Running Lead Managers
- Cumulative Capital Private Limited
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 with a total issue size of ₹55.98 crore. The Pelatro IPO price band is ₹190 to 200 per share. The Pelatro IPO subscription opens on Mon, Sep 16, 2024, and closes on Thu, Sep 19, 2024. The Pelatro IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Pelatro IPO.
The Pelatro IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
Pelatro IPO Price Band is ₹190 to 200 per share.
Pelatro IPO lot size is 600 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
The minimum investment for Pelatro IPO is ₹240000, based on one lot of 600 shares at the upper price band of ₹200 per share.
Investors can apply for the Pelatro IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 19, 2024. The application amount remains blocked until the Pelatro IPO allotment is finalized.
Pelatro IPO issue size is ₹55.98 crores.
Pelatro IPO allotment date is Wed, Jul 1, 2026.
The registrar for Pelatro IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Pelatro IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.