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SME IPO Status: Listed [29th Sep 2023 to 5th Oct 2023]
Plada Infotech Services Limited is offering a SME IPO issue size of 2,574,000 shares worth Rs.12.36 Cr. The subscription period for this IPO is from Sept 29, 2023 to Oct 5, 2023. The face value of the shares is Rs 10 per share and the issue price is fixed at Rs 48 per share and the minimum lot size is 3000 shares or its multiples.
Stay tuned for more information on Plada Infotech Services Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 29th Sep 2023 |
| SME IPO Issue Closing Date: | 5th Oct 2023 |
| SME IPO Issue Price: | ₹48.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹12.36 Cr |
| Fresh Issue: | ₹12.36 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 89.50% |
| Promoter Holding Post IPO: | 62.64% |
| Allotment Status: | Allotment Status |
| NSE Code: | PLADAINFO |
Get important updates regarding Plada Infotech Services SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 9th Oct 2023 |
| Refunds Initiation* | 10th Oct 2023 |
| Credit of Shares to Demat* | 11th Oct 2023 |
| SME IPO Listing Date* | 13th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹48.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 13-10-2023 | 48.00 | 7 | 16000 | ₹55 (14.58%) | 13-Oct-2023 10:26 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Plada Infotech Services Limited was incorporated in October 2010. Plada Infotech Services Limited specializes in providing comprehensive Business Process Outsourcing (BPO) services tailored to the specific needs of its clients. The company focuses on exceeding delivery standards and providing high quality solutions using the latest technologies and industry best practices. With a team of skilled professionals, it offers a wide range of services to support various aspects of its clients' business operations.
Account Management: the company's expertise in account management ensures seamless management of all business needs of its clients. Account management refers to the activities and processes involved in managing accounts, such as recruitment, training and skills development, dealer on-boarding, relationship management, performance monitoring, risk management, cross-selling, and customer care. By effectively managing these aspects, companies can focus on other things in their business.
During the onboarding process, they ensure a smooth process for both the dealers and their customers. They help obtain the necessary documentation, such as customer information (KYC) and business entity verification, to meet compliance requirements, and assist merchants in setting up the necessary infrastructure to accept payments from end customers. This includes advising on point-of-sale systems (POS), payment gateways and other payment processing technologies. They ensure merchants have a smooth transition and are equipped with the necessary tools to provide an excellent experience for their customers.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | BPO services | ₹12.36 Cr | https://pladainfotech.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,222,500 (50%) | 1,222,500 (50%) | 2,445,000 | |
| 1 | 29th Sep 2023 19:32 | 0.24x | 2.65x | 1.45x |
| 2 | 3rd Oct 2023 19:32 | 1.55x | 13.82x | 7.69x |
| 3 | 4th Oct 2023 19:32 | 3.99x | 31.41x | 17.70x |
| 4 | 5th Oct 2023 19:31 | 39.81x | 73.78x | 57.85x |
| 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 | 233.82 |
| 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 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Plada Infotech Services Limited | 3.9 | 3.9 | 12.55 | 12.31 | 31.07 | Consolidated |
| Firstsource Solutions Limited | 7.55 | 48.31 | 13.97 | 20.1 | Consolidated | |
| Eclerx Services Limited | 97.15 | 357.01 | 13.28 | 31.3 | Consolidated |
Last Updated on 17-Oct-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Plada Infotech Services SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Plada Infotech Services SME IPO with Zerodha.
Alternate approch to apply in Plada Infotech Services SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Plada Infotech Services SME IPO Review and Important Updates
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To subscribe or apply in Plada Infotech Services SME IPO, you can use the following methods:
| Plada Infotech Services SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Plada Infotech Services SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Plada Infotech Services SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Plada Infotech Services SME IPO. Most of the Syndicate Banks provide access to apply in Plada Infotech Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in Plada Infotech Services SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Plada Infotech Services SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Plada Infotech Services SME IPO Review and Important Updates
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Plada Infotech Services SME IPO is going to be list on 13-10-2023. NSE Code for Plada Infotech Services is PLADAINFO.
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Plada Infotech Services SME IPO Allotment Date is 09-10-2023.
Other relevant questions:
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