Pelatro is scheduled to hit the market on September 16, 2024 and close on September 19, 2024. Pelatro plans to raise around 55.98₹ Cr through an IPO with a sale of up to 2,799,000 equity shares of ₹10 each. The Retail offered 35.03%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Pelatro offers a customer engagement platform called mViva, which helps companies connect better with their customers. The platform allows businesses to understand their customers' behavior and needs to enhance interactions. It covers everything from collecting data and analyzing it to selecting audiences, executing campaigns, and reporting results. Pelatro's main products include Campaign Management Solutions, Loyalty Management Solutions, Lead Management Solutions, and Data Monetization Solutions.
As of May 31, 2024, mViva has been used or is being set up in 38 telecom networks across 30 countries, including India. These networks include 16 in Asia, 5 in the Middle East, 15 in Africa, and one each in the Caribbean and Europe. The company's clients are primarily telecom companies, but they are also starting to work with banks and financial institutions. Pelatro’s strengths include its unique technology, skilled team, a complete platform, and a strong presence in various markets, which help it grow in a competitive field. As of May 31, 2024, the company had 296 employees.
Pelatro IPO Details
Pelatro IPO opens on September 16, 2024, and closes on September 19, 2024. The Listing date for Pelatro IPO is on September 24, 2024. The price band for IPO is ₹190 to ₹200 per share and lot size of 600 Shares.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | September 24, 2024 |
| Price | ₹190 to ₹200 per share |
| Lot Size | 600 Shares |
| Issue Size | ₹55.98 Cr |
| Face Value | ₹10 per share |
Pelatro IPO Tentative Timetable
Pelatro opening date is September 16, 2024 and close date is September 19, 2024. The IPO allotment date is September 20, 2024. Therefund initiation of IPO is on September 23, 2024. The credit of shares in demat account is on September 23, 2024. The listing date is on September 24, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 16, 2024 |
| IPO Closing | September 19, 2024 |
| IPO Allotment Date | September 20, 2024 |
| Refund Initiation | September 23, 2024 |
| Shares Credit to Demat | September 23, 2024 |
| Lisiting Date | September 24, 2024 |
Pelatro IPO Lot Size
Lot Size of this IPO is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 600 | ₹120,000 |
| Retail(Maximum) | 1 | 600 | ₹120,000 |
| HNI (Minimum) | 2 | 1200 | ₹240,000 |
Pelatro IPO Promoter Holding
| Pre Issue Share Holding | 73.31% |
| Post Issue Share Holding |
Pelatro IPO Review
The company is launching its first IPO using the book building method. They will offer 2,799,000 equity shares at a face value of Rs. 10 each to raise Rs. 55.98 crores at the highest price in the price range.
On the financial performance front, for the last three fiscals, the company has (on a standalone basis) posted a total revenue/net profit/ – (loss) of Rs. 40.88 cr. / Rs. 3.57 cr. (FY22), Rs. 49.05 cr. / Rs. 4.64 cr. (FY23), and Rs. 59.15 cr. / Rs. 5.42 cr. (FY24).
On a consolidated basis, it has posted a loss of Rs. 1.96 cr. on a total income of Rs. 55.37 cr. for FY24. According to the management, setback seen in consolidated numbers is on account of just two months' contribution from the subsidiary coupled with some accounting adjustments. The standalone performance for the last three fiscals can be taken as base and the subsidiary will also contribute with the same trends from the current fiscal onwards.
For the last three fiscals, it has reported an average EPS of Rs. 13.25 and an average RoNW of 32.56%, on a standalone basis and posted negative EPS of Rs. – (5.15), and RoNW of – (15.48) % for FY24 on a consolidated basis.
The issue is priced at a P/BV of 11.64 based on its NAV of Rs. 17.18 (on a consolidated basis) as of March 31, 2024, but the RHP and IPO price band ad is missing its post-IPO NAV details.
While based on consolidated FY24 performance, the issue price is with a negative P/E, but if we attribute FY24 super standalone earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 38.46. Based on FY23 earnings, the P/E stands at 44.84. Thus the issue is priced aggressively.
The company reported PAT margins of 8.76% (FY22), 9.47% (FY23), 9.21% (FY24) on stand along basis, and – (3.56) % (FY24 on consolidated basis), and RoCE margins of 41.59%, 23.37%, 3.85% for the referred periods, respectively.
The company focuses on providing customer engagement platforms worldwide. It showed steady growth on its own, but for the overall financial year 2024, it reported losses because of a small contribution from a subsidiary and other accounting changes. Based on its standalone performance for FY24, the stock seems to be priced quite high. However, there are good opportunities ahead. Savvy investors might consider investing moderate amounts for the medium to long term.
Pelatro IPO Subscription Status (Bidding Details)
Table not foundPelatro IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Pelatro IPO FAQs
What is Pelatro IPO?
Pelatro is issuing 2,799,000 equity shares with a face value of ₹10 each, totaling up to ₹55.98 Cr. The shares are being offered at a price of ₹190 to ₹200 each, with a minimum order quantity of 600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Pelatro IPO will open?
Pelatro will open on September 16, 2024 for QIB, NII, and Retail Investors.
When Pelatro IPO will end?
Pelatro will end on September 19, 2024.
What is Pelatro IPO Size?
Pelatro IPO size is ₹55.98 Cr.
What is Pelatro IPO Price Band?
Pelatro price band is ₹190 to ₹200 per share.
What is Pelatro IPO Allotment Date?
Pelatro allotment date is September 20, 2024.
What is Pelatro IPO Listing Date?
Pelatro listing date is September 24, 2024. The IPO is to be listed on BSE and NSE.
How to Apply Pelatro IPO through Zerodha?
To apply for the IPO “Pelatro” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Pelatro IPO through Upstox?
To apply for the IPO “Pelatro” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Pelatro IPO Allotment Status?
For Pelatro IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Pelatro IPO GMP?
You can check out here: Pelatro IPO GMP. Check all IPO GMP here.