Plada Infotech Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 05, 2023Let’s have a detailed review of the company and analytics of the Plada Infotech Services IPO release date, IPO offer price, subscription, Plada Infotech Services Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 48 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | October 12, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,236 Lakh |
| IPO Size | Rs 1,236 Lakh |
| Tick Size | 1 |
Plada Infotech Services IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Plada Infotech Services Share Price |
Plada Infotech Services IPO – Summary
At Plada Infotech Services Limited, they specialize in delivering comprehensive Business Process Outsourcing (BPO) services tailored to their clients’ specific needs. Their focus is on exceeding delivery standards and providing high-quality solutions using the latest technology and industry best practices.
With a team of skilled professionals, they offer a diverse range of services to support various aspects of their clients’ business operations. The company’s business operations span across various regions within India, with a notable concentration of business activities in the states of Maharashtra and Tamil Nadu.
The Promoter of this company is Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak. The lead manager of the issue is INDORIENT FINANCIAL SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Plada Infotech Services IPO Date
The opening and closing dates of Plada Infotech Services IPO are September 29, 2023, and October 5, 2023, respectively.
Plada Infotech Services IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29th Sep | 0.24x | 2.65x | 1.45x |
| 2nd Day – 3rd Oct | 1.55x | 13.82x | 7.69x |
| 3rd Day – 4th Oct | 3.99x | 31.41x | 17.70x |
| 4th Day – 5th Oct | 6.26x | 41.05x | 23.66x |
| Shares Offered or Net Issue | 1,222,500 | 1,222,500 | 2,574,000 |
The shares subscribed by the public will be updated here.
Plada Infotech Services IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Plada Infotech Services Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | October 09, 2023 |
| Refunds Initiation | October 10, 2023 |
| Credit of Shares to Demat Account | October 11, 2023 |
| Share Listing Date | October 12, 2023 |
Plada Infotech Services IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.48
Plada Infotech Services IPO Equity Size
This Initial Public Issue of 2,574,000 Equity Shares of Rs.10 each for cash at a price of Rs.48 per equity share aggregating to Rs.1,236 Lakh.
Plada Infotech Services IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,574,000 Equity Shares of Rs.10/ each.
Issue Size: 2,574,000 Equity Shares of Rs.10 each, aggregating to Rs.1,236 Lakh
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Plada Infotech Services IPO – Live Performance
The listing date of this IPO is October 12, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Plada Infotech Services Share Price |
Plada Infotech Services IPO Grey Market Premium
The Plada Infotech Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Plada Infotech Services IPO – Company Overview
While the company’s presence is pan-India, a significant portion of its revenue is generated from these two states, showcasing the company’s strong market presence and engagement within these regions.
The company currently operates solely within the boundaries of India and does not have any business activities, subsidiaries, or operations in foreign countries. The company’s focus remains on its domestic operations, ensuring efficient service delivery and customer satisfaction within the Indian market. The company maintains well-defined and established business agreements with all of its clients.
These agreements outline the terms, scope, and responsibilities of both the company and its clients, ensuring clear expectations and a harmonious working relationship. It is noteworthy that the company does not employ contractual employees within its organizational structure.
This strategic choice is aligned with the company’s commitment to maintaining a stable and reliable workforce that is directly associated with its operations and values.
Plada Infotech Services IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,811.09 | 2,720.30 | 2,760.03 |
| *Total Revenue | 6,275.12 | 4,887.39 | 4,460.86 |
| Total Expense | 6,010.00 | 4,742.19 | 4,367.14 |
| Profit After Tax | 233.82 | 109.87 | 66.71 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 3.90 | 1.83 | 1.10 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 233.82 Lakh, Rs. 109.87 Lakh and Rs. 66.71 Lakh respectively.
Plada Infotech Services IPO – Promoters
The Promoter of this company is:
- Mr. Shailesh Kumar Damani
- Mr. Anil Mahendra Kotak
List of Related Parties (Key Managerial Personnel)
- Shailesh Kumar Damani, Chairman & Managing Director
- Anil Mahendra Kotak, Whole Time Director & Chief Financial Officer
- Prasanna Lohar, Non-Executive Independent Director
- Sumitra Vinit Goenka, Non-Executive Independent director
Plada Infotech Services IPO – Promoters Holding
- Pre-Issue Share Holding – 89.50%
- Post-Issue Share Holding – 62.64%
Plada Infotech Services IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 25,74,000 Equity Shares aggregating up to Rs.1,235.52 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,29,000 Equity Shares aggregating up to Rs.61.92 Lakh |
| Net Issue to the Public | Up to 24,45,000 Equity Shares aggregating up to Rs. 1,173.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 12,22,500 Equity Shares |
| Other than Retail Individual Investors | Not more than 12,22,500 Equity Shares |
| Equity Shares outstanding prior to the Issue | 60,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 85,74,000 Equity Shares |
Plada Infotech Services IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding 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 their Company;
- General Corporate Purposes;
- To meet the issue expenses
Plada Infotech Services IPO – Business Strategy
- Investment in infrastructure and technology
- Retain and expand their Current clientele and initiate new Business relationships
- SWOT Analysis
Plada Infotech Services IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Customers’ Satisfaction and their retention
- Maintaining Long-term relationship with clients
- Experienced promoter and senior management team
- Their distribution Network
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 3.90 | 31.07% | 12.55 |
| 31-Mar-22 | 1.83 | 21.17% | 8.64 |
| Mar-21 | 1.10 | 16.12% | 6.81 |
Plada Infotech Services IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Plada Infotech Services Limited | 10 | 12.31 | 3.90 | 31.07% | 6275.12 |
| Listed Peers | |||||
| Firstsource Solutions Limited | 10 | 13.97 | 7.55 | 20.1% | 5,98,592.70 |
| Eclerx Services Limited | 10 | 13.28 | 97.15 | 31.3% | 2,71,384.80 |
Plada Infotech Services IPO Lead Managers
| Lead Managers |
| INDORIENT FINANCIAL SERVICES LIMITED Address: Rustomjee Central Park, A-Wing, 304/5, Executive Spaces, Andheri Kurla Road, Chakala, Mumbai – 400093 Maharashtra, India Tel: +91 93265 93695 E-mail: ivor@indorient.in Investor Grievance E-mail: wecare@indorient.in Website: http://www.indorient.in/ Contact Person: Ivor Anil Misquith SEBI Registration No.: INM000012661 |
Plada Infotech Services IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Cave Road, Andheri – [East], Mumbai – 400093, Maharashtra, India. Tel No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Vinayak Morbale SEBI Registration No.: INR000001385 |
Plada Infotech Services IPO – Other Details
- Statutory Auditor – M/s. S C Mehra & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – Mr. Pritesh Rajgor
- Bankers to the Company – HDFC Bank Limited
Plada Infotech Services IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Plada Infotech Services Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Plada Infotech Services IPO Review FAQs
Check out various FAQs related to Plada Infotech Services IPO:
What is the Issue Size of Plada Infotech IPO?
The Company is making an initial public offer of 2,574,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Plada Infotech IPO?
The price band for this particular IPO ranges between Rs 48. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Plada Infotech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 29, 2023, while the closing date is set for October 5, 2023.
What is the Plada Infotech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on October 9, 2023, refund initiation is on October 10, 2023, credit of shares is on October 11, 2023, and share listing date is on October 12, 2023.
What is the Plada Infotech IPO Listing Date?
Shares of this company shall be listed in the exchanges on October 12, 2023. The date, when the listing would be done, is stagnant on October 12, 2023.
Who is the Registrar of Plada Infotech IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Plada Infotech IPO?
Here are the promoters of this IPO – Mr Shailesh Kumar Damani and Mr Anil Mahendra Kotak. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Plada Infotech IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Plada Infotech Services IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Plada Infotech Services Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 233.82, 2022 is 109.87, and 2021 is 66.71.
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