The upcoming Pelatro IPO has generated significant interest, especially among investors eyeing long-term growth. With its technology-driven solutions and extensive customer engagement platform, Pelatro is making a mark in the telecom sector globally. In this blog, we’ll dive into the key details, such as IPO dates, price band, market lot, financial performance, and peer comparison. Whether you’re a retail or institutional investor, understanding the intricacies of this IPO will help you make an informed decision.
Pelatro IPO Details
The Pelatro IPO is a Book Built Issue and the company aims to raise around ₹55.98 crores, entirely through a fresh issue of shares. The IPO is expected to open for subscription on September 16, 2024, and will close on September 19, 2024.
| IPO Open Date | September 16, 2024 |
|---|---|
| IPO Close Date | September 19, 2024 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹190 to ₹200 |
| Issue Size | Approx ₹55.98 Cr |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Listing Exchange | NSE SME |
Pelatro IPO Market Lot
The minimum market lot for the Pelatro IPO is 600 shares, which amounts to an application size of ₹120,000. Retail investors can only apply for a single lot, while HNIs can apply for multiple lots.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 600 | ₹120,000 |
| HNI | 2 | 1200 | ₹240,000 |
Pelatro IPO Dates
Key dates for the Pelatro IPO include the basis of allotment on September 20, 2024, and the listing date on September 24, 2024. Refunds for unsuccessful applicants will be processed by September 23, 2024.
| Event | Date |
|---|---|
| IPO Open Date | September 16, 2024 |
| IPO Close Date | September 19, 2024 |
| Allotment Finalization | September 20, 2024 |
| Refunds Processed | September 23, 2024 |
| Shares Credited to Demat | September 23, 2024 |
| IPO Listing Date | September 24, 2024 |
Promoters of Pelatro IPO
The promoters of Pelatro Limited include:
- Subash Menon
- Sudeesh Yezhuvath
- Kiran Menon
- Varun Menon
About Pelatro IPO
Pelatro Limited is a global technology company that specializes in developing a Customer Engagement Platform (CEP) called mViva. This platform enables brands and telecom operators to better understand customer behavior and improve their engagement strategies. As of May 2024, mViva has been implemented across 38 telecom networks in over 30 countries, including major markets like Asia, Africa, and Europe.
Pelatro IPO Financial Report
Pelatro’s financial performance has been mixed, with the company reporting revenue of ₹55.37 crores in 2024 but incurring a net loss of ₹1.96 crores.
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2024 | 55.37 | 55.35 | (1.96) | 57.81 |
Pelatro IPO Valuation
Pelatro’s valuation metrics are as follows:
| Metric | Value |
|---|---|
| ROE | (15.48)% |
| ROCE | 4.70% |
| EBITDA Margin | 5.66% |
| PAT Margin | (3.56)% |
| Debt to Equity Ratio | 1.55 |
| Earnings Per Share | ₹(5.15) (Basic) |
Peer Group Comparison
When compared with competitors, Pelatro’s financials indicate room for improvement.
| Company | EPS | RoNW % | NAV | Revenue (₹ Cr) |
|---|---|---|---|---|
| Comviva Technologies Ltd | 26.21 | 6.03% | 434.86 | 1245 |
| FLYTXT Mobile Solutions Pvt Ltd | 6893.23 | 2534.68% | 271.96 | 46.30 |
How to Apply for Pelatro IPO
You can apply for Pelatro IPO using the ASBA method via your bank account or through your stock broker using UPI. Offline forms can also be submitted. For more information on allotment status, you can check on BigShare IPO Status.
For tips on increasing your chances of IPO allotment, check our IPO Allotment Tips.
FAQs
1. What is the issue size of Pelatro IPO?
The issue size is approximately ₹55.98 crores.
2. When will Pelatro IPO open for subscription?
The IPO will open on September 16, 2024, and close on September 19, 2024.
3. What is the Pelatro IPO price band?
The price band is set between ₹190 and ₹200 per share.
4. What is the minimum application amount for retail investors?
Retail investors need to apply for a minimum of 600 shares, amounting to ₹120,000.
5. What is the Pelatro IPO listing date?
The IPO is expected to list on NSE SME on September 24, 2024.
For more information on upcoming IPOs, visit our Upcoming IPO section.
