Pelatro IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 16 Sep 2024
Close Date
Thu, 19 Sep 2024
Price Band
₹ 190 – 200
Lot Size
600
Issue Size
₹ 55.98 Cr
Minimum Investment
₹ 240,000 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Pelatro IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹55.98 Crore, comprising a fresh issue of 27.99 Lakh equity shares aggregating to ₹55.98 Crore.
The Pelatro IPO remained open for subscription from September 16, 2024, to September 19, 2024. The basis of allotment was finalized on September 20, 2024, and the company's shares were listed on NSE SME Platform on September 24, 2024.
The company had fixed the price band at ₹190 to ₹200 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Cumulative Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Pelatro Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Pelatro IPO Timeline (Tentative)
- IPO Open Date
- Mon, 16 Sep 24
- IPO Close Date
- Thu, 19 Sep 24
- Basis of Allotment
- Fri, 20 Sep 24
- Initiation of Refunds
- Fri, 20 Sep 24
- Credit of Shares to Demat
- Mon, 23 Sep 24
- Listing Date
- Tue, 24 Sep 24 — NSE & BSE
Open Date
16 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
IPO Subscription
Check Live Subscription →The Pelatro IPO has received bids for 4,17,58,200 shares against 18,27,000 shares offered, resulting in an overall subscription of 22.86x. the NII category is subscribed 55.68x, Retail Investors 13.06x, Employees 0x, and QIBs 15.22x.
QIB
15.22x
NII
55.68x
RII
13.06x
EMP
0x
Total
22.86x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,13,200 shares, representing 32.63% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,21,400 shares (18.63%), while Non-Institutional Investors (NIIs) receive 3,92,400 shares (14.02%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 781,800 | 27.93% |
| Market Maker | 140,400 | 5.02% |
| Qualified Institutions | 521,400 | 18.63% |
| Non-Institutional | 392,400 | 14.02% |
| Retail Investors | 913,200 | 32.63% |
| Total | 2,799,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 |
|---|---|
| Assets | 5780.92 |
| Revenue | 5536.54 |
| Profit After Tax | -195.62 |
| Net Worth | 1202.89 |
| Reserve & Surplus | 502.89 |
| Total Borrowings | 1867.58 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Pelatro Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | -15.48 |
| ROCE % | 3.85 |
| Debt / Equity | 1.55 |
| RoNW % | -15.48 |
| PbW | 11.64 |
| Pat Margin % | -3.56 |
Peers Comparison
No Peer Comparision Available
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.
Pelatro Limited Address / Contact Details
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
Pelatro IPO Lot Size
The Pelatro IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹1,20,000 by applying for 1 lot (600 shares). The maximum application allowed for the retail category is 1 lots (600 shares), requiring an investment of ₹1,20,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 120,000.00 |
| Retail (Max) | 1 | 600 | 120,000.00 |
| S-HNI (Min) | 2 | 1,200 | 240,000.00 |
Issue Reservation
- Anchor Investors — 27.93%
- Market Maker — 5.02%
- QIB — 18.63%
- NII — 14.02%
- RII — 32.63%
Book Running Lead Managers
- Cumulative Capital Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Pelatro 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.
When will the Pelatro IPO open for subscription?
The Pelatro IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
What is Pelatro IPO Price Band?
Pelatro IPO Price Band is ₹190 to 200 per share.
What is Pelatro IPO Lot Size?
Pelatro IPO lot size is 600 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Pelatro IPO?
The minimum investment for Pelatro IPO is ₹240000, based on one lot of 600 shares at the upper price band of ₹200 per share.
How to apply for Pelatro IPO?
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.
What is Pelatro IPO Issue Size?
Pelatro IPO issue size is ₹55.98 crores.
What is the Pelatro IPO Allotment Date?
Pelatro IPO allotment date is Fri, Sep 20, 2024.
Who is the Pelatro IPO Registrar?
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.
What is the Pelatro IPO GMP?
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 0.00% over the issue price.
Who is the Pelatro IPO Lead Manager?
The book-running lead managers (BRLMs) for the Pelatro IPO are Cumulative Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Pelatro IPO Red Herring Prospectus (RHP).