PlatinumOne Business Services Ltd. IPO Details

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PlatinumOne Business Services was incorporated on July 30, 2008. The company is engaged in the business of providing business process management services

Bidding Dates
02 Sep 2021 - 07 Sep 2021
Subscription
2.99x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹1,10,400111200422.4 K₹9273.31 %₹38.9 MRHP DOC

PlatinumOne Business IPO SUBSCRIPTION STATUS

07 Sep '21
Total2.99x
Retail Individual Investor2.65x
HNI (NII) Investors3.34x
Qualified Institutional Buyers-

PlatinumOne Business IPO overall subscription rate was 2.99 times the total available shares

PlatinumOne Business IPO retail subscription rate was 2.65 times in the retail segment

PlatinumOne Business IPO non-institutional investor subscription rate was 3.34 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
03 Sep 2021
(Day 2)
0.63x2.84x-
06 Sep 2021
(Day 3)
1.19x3.02x-
07 Sep 2021
(Day 4)
2.65x3.34x-
02 Sep 2021
(Day 1)
0.19x2.72x-

PlatinumOne Business 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)
FY21 10.8 201.4 12.3 11.4
FY20 20.4 260.9 -4.0 -6.5
FY19 17.6 183.7 25.4 17.7

PlatinumOne Business IPO SUBSCRIPTION STATUS DETAILS

PlatinumOne Business had 422.4 K shares on offer

PlatinumOne Business IPO offer price was ₹92

PlatinumOne Business IPO minimum Investment was ₹110400

PlatinumOne Business IPO issue size was ₹ 38.9 M

PlatinumOne Business had a minimum lot size of 1200 Shares per application

PlatinumOne Business NUMBER OF SHARES ON OFFER

Total422.4 K
Fresh Issue422.4 K
Offer for Sale0
Post Issue Promoter Holding %73.31 %

PlatinumOne Business IPO IMPORTANT DATES

Issue Open Date02 Sep 2021
Issue close Date07 Sep 2021
Allotment Date13 Sep 2021
Refund Date14 Sep 2021
Demat Account Credit Date15 Sep 2021
Listing Date16 Sep 2021
Listing on Exchange(s)BSE
PlatinumOne Business Allotment StatusExchange

PlatinumOne Business IPO subscription opened on 02 Sep 2021, and closed on 07 Sep 2021

IPO allotment for PlatinumOne Business was finalized on Monday, 13 Sep 2021

IPO listing for PlatinumOne Business was on BSE on Thursday, 16 Sep 2021

PlatinumOne Business IPO LISTING GAINS

Issue Price (adjusted)92.0
Listing Open Price110.0
Listing Close Price104.9
Listing Gain%19.6%
Current Gain%84.8%

PlatinumOne Business Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
PlatinumOne Business Services Ltd.17026.97.50.10.818.414.934.511.43.6130.622.7130.6
Firstsource Solutions Ltd.279.819518.129.14.31.915.47.29563.819.9674.413.59.66.8
eClerx Services Ltd.1769.116638.522.80.83.827.619.14218.222.2706.230.577.527.5
Quess Corp Ltd.3114645.818.40.20.3197.315321.72.2221.6383.916.996.9
Hinduja Global Solutions Ltd.428.41992.9-45.90.70.50.40.34857-2.132.2-73.5-9.3-62.7
One Point One Solutions Ltd.60.31587.533.30.85.18.64.633122.538.315.41.843.9

PlatinumOne Business INFORMATION ON IPO ISSUE

About PlatinumOne Business

PlatinumOne Business Services was incorporated on July 30, 2008. The company is engaged in the business of providing business process management services

Object of the Issue

  1. Funding the working capital requirements of the company
  2. General corporate purpose

PlatinumOne Business - PROMOTERS

Name
Platinum Power Wealth Advisors Private Limited
Amey Narendra Saxena
Ratul Lahiri
Vivek Yogendra Kumar

PlatinumOne Business Lead Manager

Gretex Corporate Services Limited

info@gretexgroup.com

PlatinumOne Business Registrar to the Offer

Bigshare Services Private Limited

ipo@bigshareonline.com

PlatinumOne Business Strengths

Quality service

The stringent systems that the company established ensure that all the services that it provides reach customers on stipulated time and there are minimal errors to ensure reduced rejection

Strength

Superior process solutions

PlatinumOne builds and reviews processes basis the DMAIC philosophy

Strength

Quality assurance and standards

The company is an ISO 27001:2013 certified company and is committed to designing processes based on customer insights, team wisdom and continuous improvement

Strength

PlatinumOne Business Risks

Legal proceedings

There are outstanding legal proceedings involving the company, promoters, directors and group companies

Risk

Need for approvals

The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of the business

Risk

IPO FAQs

  • PlatinumOne Business Services Ltd. IPO listing opened at Rs 110.00 while the issue price was Rs 92.00 giving 19.57% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 92.00 giving 84.78% gains since its IPO listing.

  • The promoters of the company are Platinum Power Wealth Advisors Private Limited, Amey Narendra Saxena, Ratul Lahiri and Vivek Yogendra Kumar.

  • 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 92.0 - 92.0.

  • The IPO application opens on Sep 02, 2021 and closes on Sep 07, 2021.

  • The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.

  • For all category investors, the minimum application amount for this IPO is Rs. 110,400.0, the maximum value for this IPO is Rs 110,400.0.

  • This IPO will be allotted on Sep 13, 2021.

  • The refund will be credited to your account on Sep 14, 2021.

  • The allotted shares will be credited to your demat on Sep 15, 2021.

  • PlatinumOne Business Services Ltd.’s shares listed on the stock exchanges on Sep 16, 2021.