Plada Infotech Services, founded on October 23, 2010, offers tailored business process outsourcing (BPO) services to meet clients' specific needs
| Bidding Dates |
|---|
| 29 Sep 2023 - 04 Oct 2023 |
| Subscription |
|---|
| 54x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 3000 | 2.6 M | ₹48 | 69.98 % | ₹123.6 M | RHP DOC |
Plada Infotech IPO SUBSCRIPTION STATUS
05 Oct '23Plada Infotech IPO overall subscription rate was 54 times the total available shares
Plada Infotech IPO retail subscription rate was 70.08 times in the retail segment
Plada Infotech IPO non-institutional investor subscription rate was 37.91 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Oct 2023 (Day 4) | 70.08x | 37.91x | - |
04 Oct 2023 (Day 3) | 29.53x | 3.88x | - |
03 Oct 2023 (Day 2) | 12.88x | 1.55x | - |
29 Sep 2023 (Day 1) | 2.43x | 0.23x | - |
Plada Infotech 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) |
| FY23 | 23.4 | 621.7 | 40.5 | 39.8 |
| FY22 | 11.0 | 487.8 | 48.1 | 48.6 |
| FY21 | 6.7 | 445.5 | 40.7 | 40.1 |
Plada Infotech IPO SUBSCRIPTION STATUS DETAILS
Plada Infotech had 2.6 M shares on offer
Plada Infotech IPO offer price was ₹48
Plada Infotech IPO minimum Investment was ₹144000
Plada Infotech IPO issue size was ₹ 123.6 M
Plada Infotech had a minimum lot size of 3000 Shares per application
Plada Infotech NUMBER OF SHARES ON OFFER
Plada Infotech IPO IMPORTANT DATES
| Issue Open Date | 29 Sep 2023 |
| Issue close Date | 04 Oct 2023 |
| Allotment Date | 09 Oct 2023 |
| Refund Date | 11 Oct 2023 |
| Demat Account Credit Date | 12 Oct 2023 |
| Listing Date | 13 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Plada Infotech Allotment Status | Exchange |
Plada Infotech IPO subscription opened on 29 Sep 2023, and closed on 04 Oct 2023
IPO allotment for Plada Infotech was finalized on Monday, 09 Oct 2023
IPO listing for Plada Infotech was on NSE on Friday, 13 Oct 2023
Plada Infotech IPO LISTING GAINS
| Issue Price (adjusted) | 48.0 |
| Listing Open Price | 59.0 |
| Listing Close Price | 56.0 |
| Listing Gain% | 22.9% |
| Current Gain% | -79.2% |
Plada Infotech 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Plada Infotech Services Ltd. | 10 | 8.6 | 4.9 | -0.7 | 0.1 | 7.2 | 3.4 | 73.5 | 8.5 | 1.7 | -7.4 | 2 | -7.4 |
| 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 |
Plada Infotech INFORMATION ON IPO ISSUE
About Plada Infotech
Plada Infotech Services, founded on October 23, 2010, offers tailored business process outsourcing (BPO) services to meet clients' specific needs
Object 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 - PROMOTERS
| Name |
|---|
| Shailesh Kumar Damani |
| Anil Mahendra Kotak |
Plada Infotech Lead Manager of the Issue
Indorient Financial Services Limited
ivor@indorient.in
Plada Infotech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Plada Infotech Strengths
Customer satisfaction
The company prioritises customer satisfaction through timely service delivery and consistent quality, resulting in repeat business
Distribution network
The company's distribution network provides PAN India coverage, featuring 12 offices across 12 cities and extended reach through resident engineers working remotely in other cities
Plada Infotech Risks
Outstanding legal proceeding
The company is involved in an outstanding legal proceeding. An adverse outcome could significantly impact the business
Negative cash flow
The company has reported negative cash flows in the past, and future occurrences could significantly affect the business
IPO FAQs
The promoters of the company are Shailesh Kumar Damani and Anil Mahendra Kotak.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 48.0 - 48.0.
The IPO application opens on Sep 29, 2023 and closes on Oct 04, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Oct 09, 2023.
The refund will be credited to your account on Oct 11, 2023.
The allotted shares will be credited to your demat on Oct 12, 2023.
Plada Infotech Services Ltd.’s shares listed on the stock exchanges on Oct 13, 2023.