Plada Infotech Services IPO is a fixed price issue of Rs 12.36 crores. The issue is entirely a fresh issue of 25.74 lakh shares.
Plada Infotech Services IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for the Plada Infotech Services IPO is expected to be finalized on Monday, October 9, 2023. Plada Infotech Services IPO will list on NSE SME with tentative listing date fixed as Thursday, October 12, 2023.
Plada Infotech Services IPO price is ₹48 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹288,000.
Indorient Financial Services Ltd is the book running lead manager of the Plada Infotech Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Plada Infotech Services IPO is Nikunj Stock Brokers.
Refer to Plada Infotech Services IPO RHP for detailed information.
Plada Infotech Services IPO Details
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,574,000 shares (aggregating up to ₹12.36 Cr) |
| Fresh Issue | 2,574,000 shares (aggregating up to ₹12.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,000,000 |
| Share holding post issue | 8,574,000 |
| Market Maker portion | 129,000 shares Nikunj Stock Brokers |
Plada Infotech Services IPO Reservation
Plada Infotech Services IPO a total of 2,574,000 shares are offered. NII: 1,222,500 (47.49%), RII: 1,222,500 (47.49%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 129,000 (5.01%) |
| Other Shares Offered | 1,222,500 (47.49%) |
| Retail Shares Offered | 1,222,500 (47.49%) |
| Total Shares Offered | 2,574,000 (100%) |
Plada Infotech Services IPO Timeline (Tentative Schedule)
Plada Infotech Services IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Thursday, October 5, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Wednesday, October 11, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2023 |
Plada Infotech Services IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
| Lot Size Calculator |
Plada Infotech Services IPO Promoter Holding
Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak are the company’s promoters.
| Share Holding Pre Issue | 89.50% |
| Share Holding Post Issue | 62.64% |
About Plada Infotech Services Limited
Incorporated in 2010, Plada Infotech Services Limited specializes in delivering comprehensive Business Process Outsourcing (BPO) services tailored to our clients’ specific needs.
The company provides a wide range of services ranging from recruitment & payroll management, merchant acquisition, field support, software solutions, seller onboarding, and account management to clients.
Following is an illustrative list of the business operations and the services that Plada provides:
- Merchant Acquisition: The company acquires and on-boards new merchants for Banks, NBFCs, and Startups (both Domestic and Multinational Companies). Plada’s merchant acquisition services extend from lead-based visits to cold calls. The Company ensures end-to-end services for the clientele including Merchant engagement its activation, documentation, training, and establishment, Application Processing From KYC to TID generation, Automated Lead Management Tool, and M-Reporter Application for Sales to track and manage productivity.
- Field Support: Field service management typically involves dispatching technicians, workers, or contractors to a location outside company premises to install, maintain, or repair equipment, systems, or assets. In addition, these professionals manage the team, assign tasks, prepare reports, and maintain customer relationships.
- Recruitment & Payroll Management: Plada offers Payroll Management services as a complete and integrated solution. The clients comprise Banks & Corporates for whom end-to-end payroll management is done through the platform Kundali.
- Account Management: Account management involves managing the processes and compliances associated with merchant engagement & activation, data security, merchant acquisition, and implementation of programs on behalf of the client.
Plada Infotech Services employs over 1400 employees across the country and presently operates through 12 offices in 12 cities with other cities being serviced remotely.
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,711.29 | 2,760.03 | 2,720.30 | 2,811.09 |
| Revenue | 5,068.20 | 4,460.86 | 4,887.39 | 6,275.12 |
| Profit After Tax | 119.93 | 66.71 | 109.87 | 233.82 |
| Net Worth | 342.60 | 408.44 | 518.10 | 752.70 |
| Reserves and Surplus | 341.60 | 407.44 | 498.10 | 552.70 |
| Total Borrowing | 1,989.85 | 1,952.59 | 1,771.67 | 1,654.13 |
Amount in ₹ Lakhs
Key Performance Indicator
Plada Infotech Services IPO Market Cap is Rs 41.16 Cr and P/E (x) is 12.31.
| KPI | Values |
|---|---|
| P/E (x) | 12.31 |
| Post P/E (x) | 17.58 |
| Market Cap (₹ Cr.) | 41.16 |
| ROE | 37% |
| ROCE | 21% |
| Debt/Equity | 2.2 |
| EPS (Rs) | 3.9 |
| RoNW | 31.07% |
Check Plada Infotech Services IPO Peer Comparison here.
Objects of the Issue (Plada Infotech Services IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Services IPO Review (Apply)
[Dilip Davda] The company is a tailor-made BPO service provider with having Pan India presence. It marked growth in its top and bottom lines for the reported periods. Based on FY23 earnings, the issue appears fully priced. Investors may park funds for long-term rewards. Read detail review…
Plada Infotech Services IPO Subscription Status (Bidding Detail)
The Plada Infotech Services IPO is subscribed 57.85 times on Oct 5, 2023 7:29:00 PM. The public issue subscribed 73.78 times in the retail category, times in the QIB category, and 39.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 39.81 |
| Retail | 73.78 |
| Total | 57.85 |
Total Application : 30,064 (73.87 times)
Plada Infotech Services IPO Contact Details
Plada Infotech Services Limited
Santosh A. Mishra Compound,
Mograpada, Mogra Village, off. Old Nagardas Road
Andheri (East), Mumbai – 400069
Phone: +91 8976996702
Email: abhishek.jain@pladainfotech.com
Website: https://pladainfotech.com/
Plada Infotech Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html