Pelatro Ltd. was incorporated on March 21, 2013. The company is a global technology business and has developed a comprehensive Customer Engagement Platform, mViva, which enables customer-centric interactions between enterprises or brands and their end users
| Bidding Dates |
|---|
| 16 Sep 2024 - 19 Sep 2024 |
| Subscription |
|---|
| 20.7x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 600 | 2.8 M | ₹190 - ₹200 | 53.59 % | ₹531.8 M - ₹559.8 M | RHP DOC |
Pelatro Ltd. IPO SUBSCRIPTION STATUS
19 Sep '24Pelatro Ltd. IPO overall subscription rate was 20.7 times the total available shares
Pelatro Ltd. IPO retail subscription rate was 16.89 times in the retail segment
Pelatro Ltd. IPO non-institutional investor subscription rate was 72.38 times in the non-institutional investor category
Pelatro Ltd. IPO Qualified Institutional Bidder subscription rate was 7.87 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Sep 2024 (Day 4) | 16.89x | 72.38x | 7.87x |
18 Sep 2024 (Day 3) | 6.39x | 4.71x | 0x |
17 Sep 2024 (Day 2) | 3.51x | 1.98x | 0x |
16 Sep 2024 (Day 1) | 1.69x | 0.78x | 0x |
Pelatro Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | -19.6 | 549.9 | 250.2 | 205.7 | |
| FY24 | 54.1 | 588.1 | 37.4 | -0.2 | 5.7% |
| FY23 | 46.4 | 489.8 | -28.1 | -34.8 | 17.9% |
| FY22 | 35.7 | 407.5 | 9.6 | 4.3 | 17.7% |
Note: In the above table, Q1FY25 data is on a consolidated basis, while FY24, FY23 and FY22 data are on a standalone basis
Pelatro Ltd. IPO SUBSCRIPTION STATUS DETAILS
Pelatro Ltd. had 2.8 M shares on offer
Pelatro Ltd. IPO offer price was in the range ₹190 - ₹200
Pelatro Ltd. IPO minimum Investment was ₹114000
Pelatro Ltd. IPO issue size was ₹ 531.8 M - ₹ 559.8 M
Pelatro Ltd. had a minimum lot size of 600 Shares per application
Pelatro Ltd. NUMBER OF SHARES ON OFFER
Pelatro Ltd. IPO IMPORTANT DATES
| Issue Open Date | 16 Sep 2024 |
| Issue close Date | 19 Sep 2024 |
| Allotment Date | 20 Sep 2024 |
| Refund Date | 20 Sep 2024 |
| Demat Account Credit Date | 23 Sep 2024 |
| Listing Date | 24 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Pelatro Ltd. Allotment Status | Exchange |
Pelatro Ltd. IPO subscription opened on 16 Sep 2024, and closed on 19 Sep 2024
IPO allotment for Pelatro Ltd. was finalized on Friday, 20 Sep 2024
IPO listing for Pelatro Ltd. was on NSE on Tuesday, 24 Sep 2024
Pelatro Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 200.0 |
| Listing Open Price | 275.0 |
| Listing Close Price | 288.8 |
| Listing Gain% | 37.5% |
| Current Gain% | 42.5% |
Pelatro Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pelatro Ltd. | 285 | 296.6 | 16.4 | 0.3 | 2 | 17.4 | 9.8 | 143.7 | 60.9 | 18.1 | 52.2 | 17.4 | 51.8 |
| Firstsource Solutions Ltd. | 279.8 | 19518.1 | 29.1 | 4.3 | 1.9 | 15.4 | 7.2 | 9563.8 | 19.9 | 674.4 | 13.5 | 9.6 | 6.8 |
| eClerx Services Ltd. | 1769.1 | 16638.5 | 22.8 | 0.8 | 3.8 | 27.6 | 19.1 | 4218.2 | 22.2 | 706.2 | 30.5 | 77.5 | 27.5 |
| Quess Corp Ltd. | 311 | 4645.8 | 18.4 | 0.2 | 0.3 | 19 | 7.3 | 15321.7 | 2.2 | 221.6 | 383.9 | 16.9 | 96.9 |
| Hinduja Global Solutions Ltd. | 428.4 | 1992.9 | -45.9 | 0.7 | 0.5 | 0.4 | 0.3 | 4857 | -2.1 | 32.2 | -73.5 | -9.3 | -62.7 |
| One Point One Solutions Ltd. | 60.3 | 1587.5 | 33.3 | 0.8 | 5.1 | 8.6 | 4.6 | 331 | 22.5 | 38.3 | 15.4 | 1.8 | 43.9 |
Pelatro Ltd. INFORMATION ON IPO ISSUE
About Pelatro Ltd.
Pelatro Ltd. was incorporated on March 21, 2013. The company is a global technology business and has developed a comprehensive Customer Engagement Platform, mViva, which enables customer-centric interactions between enterprises or brands and their end users
Object of the Issue
- Funding capital expenditure requirement of the company towards; purchase & installation of IT equipment, computer hardware, server, and other ancillary equipment.
- Investment in its subsidiary.
- Funding working capital needs of the company.
- General corporate purposes.
Pelatro Ltd. - PROMOTERS
| Name |
|---|
| Subash Menon |
| Sudeesh Yezhuvath |
| Kiran Menon |
| Varun Menon |
Pelatro Ltd. Lead Manager of the Issue
Cumulative Capital Private Limited
contact@cumulativecapital.group
Pelatro Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Pelatro Ltd. Strengths
In-house technology development
The company has created the mViva platform, which lets brands easily connect it with their in-house technical infrastructure and a growing network of technology partners
Comprehensive platform
The company has developed a comprehensive platform that meets a wide range of customer needs such as for the telecom sector, including pre-paid and post-paid plans, different user types, and various marketing campaigns.
Patented technology
Through its subsidiary Pelatro Pte, the company holds several registered patents. These patents represent advanced technology that differentiates the platform from competitors and enhances value for customers.
Pelatro Ltd. Risks
Small set of products
The company's revenue is generated primarily from subscriptions for its products and services. It expects to remain heavily dependent on these products for revenue in the foreseeable future. Failure to maintain market acceptance of these products could negatively impact operational results.
Disruption in third-party services
The business relies on sending consumer engagement messages, such as emails, SMS, and notifications. Significant disruptions with third-party providers or mobile operating systems could lead to customer loss or reduced engagement, potentially impacting the business, financial condition, and operational results.
IPO FAQs
The promoters of the company are Subash Menon, Sudeesh Yezhuvath, Kiran Menon and Varun Menon.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 190.0 - 200.0.
The IPO application opens on Sep 16, 2024 and closes on Sep 19, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Sep 20, 2024.
The refund will be credited to your account on Sep 20, 2024.
The allotted shares will be credited to your demat on Sep 23, 2024.
Pelatro Ltd.’s shares listed on the stock exchanges on Sep 24, 2024.