PlatinumOne Business Services IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the PlatinumOne Business Services IPO release date, IPO offer price, subscription, PlatinumOne Business 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 |
| Cash Price | Rs 92 |
| Listing At | BSE SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Sep 16, 2021 |
| Net Issue | Rs 389 Lakh |
| IPO Size | Rs 389 Lakh |
| Tick Size | NA |
PlatinumOne Business Services IPO is listed at Rs.82 premium. Check out the live share price by clicking on the below link.
| PlatinumOne Business Services Share Price – Live Performance |
PlatinumOne Business Services IPO – Summary
Their company is engaged in the business of providing Business Process Management Services. Business Process Management Services (BPMS) has an endless reach in the today’s market.
In today’s business world mid-size companies to large corporate are focusing on out sourcing model for their various activities. India’s cost competitiveness in providing IT services, which is approximately 3-4 times cheaper than the US, continues to be the mainstay of its Unique Selling Proposition (USP) in the global sourcing market.
Since BPMS being an endless market they have focused on special area in BPMS which is Customer Acquisition. Their Company provide services to mid-size and large corporates to fulfil their Customer Acquisition needs.
The Company provide services in various industries namely FMCG, Real Estate, Furniture, Insurance, Software etc. Their tailor made solutions offers customized engagement models to facilitate the ease of doing their business.
The Promoters of this company are PLATINUM POWER WEALTH ADVISORS PRIVATE LIMITED, MR. AMEY NARENDRA SAXENA, MR. RATUL LAHIRI AND MR. VIVEK YOGENDRA KUMAR. The lead manager to the issue is GRETEX CORPORATE SERVICES PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
PlatinumOne Business Services IPO Date
The opening and the closing date of IPO of PlatinumOne Business Services Limited is Sep 2, 2021, and Sep 7, 2021, respectively.
PlatinumOne Business Services IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 2nd Sep | 2.72x | 0.19x | 1.46x |
| 2nd Day – 3rd Sep | 2.84x | 0.63x | 1.74x |
| 3rd Day – 6th Sep | 3.02x | 1.19x | 2.10x |
| 4th Day – 7th Sep | 3.34x | 2.65x | 2.99x |
| Shares Offered or Net Issue | 200,400 | 200,400 | 400,800 |
The shares subscribed by the public will be updated here.
PlatinumOne Business 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.
PlatinumOne Business Services Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | Sep 13, 2021 |
| Refunds Initiation | Sep 14, 2021 |
| Credit of Shares to Demat Account | Sep 15, 2021 |
| Share Listing Date | Sep 16, 2021 |
PlatinumOne Business Services IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.92.
PlatinumOne Business Services IPO Equity Size
This Initial Public Issue of 422,400 Equity Shares of Rs.10 each for cash at a price of Rs.92 per equity share aggregating to Rs.389 Lakh.
PlatinumOne Business Services IPO Share Offering
Net Issue: The Issue of 422,400 Equity Shares by their Company, aggregating to Rs.389 Lakh,
Issue Size: 422,400 Equity Shares of Rs.10 each, aggregating to Rs.389 Lakh
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PlatinumOne Business Services IPO – Live Performance
The listing date of this IPO is NA. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – PlatinumOne Business Services Share Price |
PlatinumOne Business Services IPO Grey Market Premium
The PlatinumOne Business Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
PlatinumOne Business Services IPO – Company Overview
Their company provide processes like Lead Conversion, Customer Care, Channel Management, Lead Generation and Loyalty Program being delivered through their Call Centres.
Additionally, Sales Enablement as a service delivered through a Team of Domain Experts empowering Sales Partners face to face or digitally. They have a dedicated team of professionals comprising of experienced personnel in every Industry.
PlatinumOne Business Services IPO Call Centre Process
Large and medium corporates who would like to outsource their processes like Lead Conversion, Customer Care, Channel Management, Lead Generation and Loyalty Program approach PlatinumOne. In collaboration with the Client, PlatinumOne articulates the following:
- Process Design
- People
- Technology
- Infrastructure
PlatinumOne Business Services IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & LAKHS) | |||
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 1,399.13 | 1,409.06 | 1,154.90 |
| Total Revenue | 2,020.80 | 2,618.00 | 1839.24 |
| Total Expense | 1,868.39 | 2,335.99 | 1,589.27 |
| Profit After Tax | 107.55 | 204.32 | 175.66 |
Earnings per Equity Share (in LAKHS)
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 9.27 | 17.61 | 15.14 |
PlatinumOne Business Services Limited IPO – Promoters
The Promoter of this company are:
- PLATINUM POWER WEALTH ADVISORS PRIVATE LIMITED
- MR. AMEY NARENDRA SAXENA,
- MR. RATUL LAHIRI AND
- MR. VIVEK YOGENDRA KUMAR
List of Related Parties (Key Managerial Personnel)
- Mr. Amey Narendra Saxena– Managing Director
- Mr. Vivek Yogendra Kumar – Chief Financial Officer
- Ms. Sony Devhare- Company Secretary & Compliance Officer
Competitive Strengths of PlatinumOne Business Services Limited
- Quality Service
- Experienced Management Team
- Superior Process Solutions
- Quality Assurance and Standards
- Excellent Infrastructure and Technology
- Progressive Employer
- Needs of customers
PlatinumOne Business Services IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 4,22,400 Equity Shares aggregating up to Rs.389 Lakh |
| of which: | |
| Market Maker Reservation Portion | 21,600 Equity Shares aggregating up to Rs.19.87 Lakh |
| Net Issue to the Public | Issue of 4,00,800 Equity Shares aggregating to Rs.368.74 Lakh |
| Of which: | |
| Retail Individual Investors | 2,00,400 Equity Shares aggregating to Rs.184.37 Lakh |
| Non-Institutional Investors | 2,00,400 Equity Shares aggregating to Rs.184.37 Lakh |
| Equity Shares outstanding prior to the Issue | 11,60,000 Equity Shares |
| Equity Shares outstanding after the Issue | 15,82,400 Equity Shares |
PlatinumOne Business Services IPO Issue Object
The Object for which their Company intends to use the Net Proceeds are:
1. To Meet working capital requirement
2. General Corporate Purposes
Business strategies of PlatinumOne Business Services Limited
- FINANCIALS
- CLIENTS
- PEOPLE
- PROCESSES
PlatinumOne Business Services Limited IPO – Basis of the 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:
- Quality Service
- Experienced Management Team
- Superior Process Solutions
- Quality Assurance and Standards
- Excellent Infrastructure and Technology
- Progressive Employer
- Needs of customers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 1,075.45 | 16.41 | 6,555.49 |
| 31-Mar-20 | 2,043.21 | 37.28 | – |
| 31-Mar-19 | 1,756.59 | 51.11 | – |
PlatinumOne Business Services IPO : Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| PlatinumOne Business Services Limited | 10 | 9.92 | 9.27 | 16.41 | 2,014.16 |
| Listed Peers | |||||
| Allsec Technologies Ltd | 10 | 30.24 | 10.48 | 10.21 | 18,865.00 |
| Firstsource Solutions Ltd | 10 | 30.85 | 5.38 | 16.88 | 1,32,474.00 |
| eClerx Services Ltd. | 10 | 16.44 | 67.29 | 19.05 | 1,19,740.00 |
PlatinumOne Business Services IPO Lead Managers
| Lead Manager |
| GRETEX CORPORATE SERVICES PRIVATE LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 4002 5273 / 98368 22199/ 98368 21999 Email: info@gretexgroup.com/ mbk@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Amina Khan SEBI Registration No: INM000012177 CIN: U74999MH2008PTC288128 |
PlatinumOne Business Services IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Arvind Tandel SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
PlatinumOne Business Services IPO – Other Details
- Statutory Auditor – M/s. Vatsaraj & Co., Chartered Accountants,
- Legal Counsel to the Company – M V Kini, Law Firm
- Bankers to the Company – [●]
PlatinumOne Business Services IPO Review by Top 10 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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PlatinumOne Business Services IPO News
News 1 – PlatinumOne Business Services Limited IPO RHP Download
PlatinumOne Business Services IPO Review FAQs
What is the Issue Size of PlatinumOne Business Services IPO?
The Company is making an initial public offer of 422,400 equity shares. We 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 PlatinumOne Business Services IPO?
The price band for this particular IPO ranges between Rs 92. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the PlatinumOne Business Services IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 2, 2021, while the closing date is set at Sep 7, 2021.
What is the PlatinumOne Business Services IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 13, 2021, refund initiation is on Sep 14, 2021, credit of shares is on Sep 15, 2021, and share listing date is on Sep 16, 2021.
What is the PlatinumOne Business Services IPO Listing Date?
Shares of this company shall be listed in the exchanges on Sep 16, 2021. The date, when the listing would be done, is stagnant on Sep 16, 2021.
Who is the Registrar of PlatinumOne Business Services 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 PlatinumOne Business Services IPO?
Here are the promoters of this IPO – PLATINUM POWER WEALTH ADVISORS PRIVATE LIMITED, MR. AMEY NARENDRA SAXENA, MR. RATUL LAHIRI AND MR. VIVEK YOGENDRA KUMAR. 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 PlatinumOne Business Services IPO?
We have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is PlatinumOne Business Services IPO good for Investment?
We 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 PlatinumOne Business Services Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 107.55, 2020 is 204.32, 2019 is 175.66.
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