Plada Infotech Services IPO Detail 2023
Introduction
The Plada Infotech Services IPO will open on September 29 and close on October 4, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 12.36 crore through this public offering, consisting of 25.74 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 48 per share.
Plada Infotech Services Limited (“the Company”)
Plada Infotech Services Limited, established in 2010, specializes in delivering comprehensive business process outsourcing (BPO) services tailored to its clients’ specific needs. Its focus is on exceeding delivery standards and providing high-quality solutions using the latest technology and industry best practices. With a team of skilled professionals, they offer a diverse range of services to support various aspects of their clients’ business operations.
Its Service Offerings:
- Merchant acquisition
- Field support
- Recruitment and payroll management
- Account management
- Business correspondent
- E-commerce
- Software solutions.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 3.9 per Equity Share |
| Debt to Equity Ratio | 2.2 |
| ROE | 37% |
| ROCE | 21% |
| P/E (x) | 12.31 |
| Return on Net Worth (RoNW) | 31.07% |
Objects 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.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 752.70 | 518.10 | 408.44 | 342.60 |
| Total Assets | 2,811.09 | 2,720.30 | 2,760.03 | 2,711.29 |
| Reserve & Surplus | 552.70 | 498.10 | 407.44 | 341.60 |
| Total Borrowings | 1,654.13 | 1,771.67 | 1,952.59 | 1,989.85 |
| Total Revenue | 6,275.12 | 4,887.39 | 4,460.86 | 5,068.20 |
| Profit After Tax | 233.84 | 109.87 | 66.71 | 119.93 |
IPO details
As per the DRHP filed with SEBI, 25.74 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.29 lakh shares of the offering. While Indorient Financial Services Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 48 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 Shares |
| Issue Size | 2,574,000 shares (aggregating up to ₹ 12.36 crores) |
| Fresh Issue | 2,574,000 shares (aggregating up to ₹ 12.36 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Rikhav Securities |
| Market maker portion | 129,000 shares |
Shareholding Pattern
| Shareholding pre-issue | 6,000,000 |
| Shareholding post issue | 8,574,000 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Others shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Plada Infotech Services IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Plada Infotech Services IPO
The issue opens for subscription on September 29, 2023, and closes for subscription on October 4, 2023 (both days inclusive). The basis of allotment will be finalised on October 9, 2023, and the refunds will be initiated on October 10, 2023. In addition, the demat credits are expected to happen on October 11, 2023, and the stock will be listed on the NSE SME on October 12, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 29, 2023 |
| Closing Date | October 4, 2023 |
| Basis of Allotment | October 9, 2023 |
| Initiation of Refunds | October 10, 2023 |
| A credit of shares to Demat A/c | October 11, 2023 |
| Listing Date | October 12, 2023 |
Lot Size
The lot size of the Plada Infotech Services IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 144,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 144,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 144,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 288,000 |
Promoters Holdings
Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak are the promoters of the company.
| Pre-issue Shares Holdings | 89.50% |
| Post-issue Shares Holdings | 62.64% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | 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/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
| IPO Lead Manager(s) | Indorient Financial Services Ltd |
FAQs
The Plada Infotech Services IPO price is ₹ 48 per share.
The minimum investment size is one lot for retail investors. One lot of the Plada Infotech Services IPO contains 3,000 shares of ₹ 144,000.
The finalisation of the basis of allotment for the Plada Infotech Services IPO will be done on October 9, 2023, and the allotted shares will be credited to your demat account by October 11, 2023. Check the Plada Infotech Services IPO allotment status.
The Plada Infotech Services IPO shares listing date is October 12, 2023.
