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Plada Infotech Services Limited IPO Detail

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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 Kotak

IPO Details

IPO Opening DateSep 29, 2023
IPO Closing DateOct 05, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹48 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE 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 DateSep 29, 2023
IPO Close DateOct 05, 2023
Basis of Allotment DateOct 10, 2023
Initiation of RefundsOct 11, 2023
Credit of Shares to Demat AccountOct 12, 2023
IPO Listing DateOct 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹144000
Maximum13000₹144000

IPO Promoter Holding

Pre Issue Share Holding89.50%
Post Issue Share Holding62.64%

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:

  1. To meet the working capital requirements.
  2. To purchase Laptops and Accessories for IT Development.
  3. Repayment and/or prepayment in part or in full, of certain outstanding loans of the Company.
  4. General Corporate Purposes.
  5. 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