Plada Infotech Services Limited IPO Detail
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 Promoters
Mr. Shailesh Kumar Damani and Mr. Anil Mahendra KotakIPO Details
IPO Opening Date | Sep 29, 2023 |
IPO Closing Date | Oct 05, 2023 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹48 per equity share |
Market Lot | 3000 Shares |
Min Order Quantity | 3000 Shares |
Listing At | NSE SME |
Issue Size | ₹12.36 Cr |
Fresh Issue | ₹12.36 Cr |
Offer for Sale | - |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 0.24x | 2.61x | 1.43x | |
Day 2 | - | - | 1.54x | 13.68x | 7.61x | |
Day 3 | - | - | 3.98x | 31.18x | 17.58x | |
Day 4 | - | - | 39.81x | 73.78x | 57.85x |
IPO Tentative Timetable
The Plada Infotech Services Limited IPO open date is Sep 29, 2023, and the close date is Oct 05, 2023. The issue may list on Oct 13, 2023.
IPO Open Date | Sep 29, 2023 |
IPO Close Date | Oct 05, 2023 |
Basis of Allotment Date | Oct 10, 2023 |
Initiation of Refunds | Oct 11, 2023 |
Credit of Shares to Demat Account | Oct 12, 2023 |
IPO Listing Date | Oct 13, 2023 |
IPO Lot Size
The Plada Infotech Services Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹144000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 3000 | ₹144000 |
Maximum | 1 | 3000 | ₹144000 |
IPO Promoter Holding
Pre Issue Share Holding | 89.50% |
Post Issue Share Holding | 62.64% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 2760.03 | 4460.86 | 66.71 |
31-Mar-22 | 2720.30 | 4887.39 | 109.87 |
31-Mar-23 | 2811.09 | 6275.12 | 233.82 |
Objects of the Issue:
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Plada Infotech Services Limited IPO Lead Manager(s):
Indorient Financial Services Ltd
Company Contact Information:
Plada Infotech Services Limited
Santosh A. Mishra Compound,
Mograpada, Mogra Village, off. Old Nagardas Road
Andheri (East), Mumbai - 400069