Plada Infotech Services Limited is set to launch its IPO, which is a fixed price issue with a total value of Rs 12.36 crores. This IPO comprises entirely of a fresh issue of 25.74 lakh shares.
The subscription period for the Plada Infotech Services IPO is scheduled to begin on September 29, 2023, and it will conclude on October 4, 2023. The allocation of shares for this IPO is expected to be completed by Monday, October 9, 2023. Plada Infotech Services’ IPO is slated to be listed on the NSE SME platform, with a tentative listing date set for Thursday, October 12, 2023.
The price per share for the Plada Infotech Services IPO is ₹48, and the minimum lot size for an application is 3000 shares. Retail investors are required to invest a minimum of ₹144,000, while for High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (6,000 shares), amounting to ₹288,000.
Indorient Financial Services Ltd is the appointed book running lead manager for the Plada Infotech Services IPO, and Bigshare Services Pvt Ltd is the designated registrar for the issue. Rikhav Securities serves as the market maker for this IPO.
For comprehensive and detailed information, kindly refer to the Plada Infotech Services IPO RHP (Red Herring Prospectus) when it becomes available.
Plada Infotech Services IPO Details #
IPO Date | September 29, 2023 to October 4, 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 Rikhav Securities |
Plada Infotech Services IPO Reservation #
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Plada Infotech Services IPO Timeline (Tentative Schedule) #
Plada Infotech Services IPO opens on September 29, 2023, and closes on October 4, 2023.
IPO Open Date | Friday, September 29, 2023 |
IPO Close Date | Wednesday, October 4, 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 4, 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 | 233.84 |
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 |
Key Performance Indicator #
KPI | Values |
---|---|
P/E (x) | 12.31 |
ROE | 37% |
ROCE | 21% |
Debt/Equity | 2.2 |
EPS (Rs) | 3.9 |
RoNW | 31.07% |
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 Prospectus #
- Plada Infotech Services IPO DRHP
- Plada Infotech Services IPO RHP
Plada Infotech Services IPO Contact Details #
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 #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Plada Infotech Services IPO Lead Manager(s) #
FAQS #
What is the total value of the Plada Infotech Services IPO? #
The Plada Infotech Services IPO has a total value of Rs 12.36 crores, consisting entirely of a fresh issue of 25.74 lakh shares.
When is the subscription period for the Plada Infotech Services IPO? #
The subscription period for the Plada Infotech Services IPO is set to begin on September 29, 2023, and it will conclude on October 4, 2023.
What is the price per share for the Plada Infotech Services IPO? #
The price per share for the Plada Infotech Services IPO is ₹48.
What is the minimum lot size for an application in the Plada Infotech Services IPO? #
The minimum lot size for an application in the Plada Infotech Services IPO is 3000 shares.
Who is the book running lead manager for the Plada Infotech Services IPO? #
Indorient Financial Services Ltd is the appointed book running lead manager for the Plada Infotech Services IPO.
What are the objectives for which the company intends to utilize the net proceeds from the IPO? #
The company plans to utilize the net proceeds from the IPO for the following objectives:
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.
For more comprehensive details about the offering, including financial information and business details, investors are encouraged to refer to the IPO’s Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) once they become available.