Plada Infotech Services IPO Date, Price, Subscription, Allotment, Listing Details
Plada Infotech Services Limited, Founded in 2010, specializes in providing customized Business Process Outsourcing (BPO) solutions to meet the unique requirements of our clients.
Our extensive range of services includes recruitment and payroll management, merchant acquisition, field support, software solutions, seller onboarding, and account management.
Here’s a breakdown of the key business operations and services offered by Plada:
- Merchant Acquisition: We excel in acquiring and onboarding new merchants on behalf of banks, NBFCs, and startups, both domestic and multinational. Our services encompass various approaches, from lead-based visits to cold calls. We provide end-to-end support, including merchant engagement, activation, documentation, training, and establishment. We also offer Application Processing, handling everything from KYC to TID generation. Our Automated Lead Management Tool and M-Reporter Application help our sales teams track and manage their productivity effectively.
- Field Support: Our field service management involves dispatching technicians, workers, or contractors to locations outside our clients’ premises. They handle installations, maintenance, and repairs of equipment, systems, or assets. Additionally, our professionals manage teams, assign tasks, generate reports, and maintain strong customer relationships.
- Recruitment & Payroll Management: Plada provides comprehensive Payroll Management services as an integrated solution. We serve clients such as banks and corporates, offering end-to-end payroll management through our Kundali platform.
- Account Management: Account management at Plada involves overseeing processes and compliance related to merchant engagement and activation, data security, merchant acquisition, and program implementation on behalf of our clients.
With a workforce of over 1400 employees nationwide, Plada Infotech Services operates through 12 offices across 12 cities, extending our reach to other cities through remote services.
Plada Infotech Services
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Allotment Date*
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* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue (Plada Infotech Services IPO Objectives)
The company plans to use the net proceeds from the issue for the following purposes:
- Meeting Working Capital Needs: Ensuring sufficient funds for day-to-day operations.
- Acquiring Laptops and Accessories for IT Development: Investing in essential equipment for IT development.
- Repaying/Prepaying Loans: Settling specific existing loans, either partially or in full.
- General Corporate Purposes: Supporting various corporate initiatives and activities.
- Covering Issue Expenses: Managing the costs associated with the IPO.
Plada Infotech Services IPO Details
The Plada Infotech Services IPO is a fixed-price offering valued at Rs 12.36 crores. This IPO exclusively consists of 2,574,000 newly issued shares.
| IPO Date | September 29, 2023 to October 4, 2023 |
| Listing Date | October 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,574,000 shares (aggregating up to ₹12.36 Cr) |
| Fresh Issue | 2,574,000 shares (aggregating up to ₹12.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,000,000 |
| Share holding post issue | 8,574,000 |
| Market Maker portion | 129,000 shares |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Plada Infotech Services IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Plada Infotech Services IPO Lot Size
Investors can bid for a minimum of 3,000 shares, with further investments in multiples of this quantity. See the table below for investment limits for both retail investors and high-net-worth individuals (HNI) in shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6,000 | ₹288,000 |
Plada Infotech Services IPO Dates
Plada Infotech Services IPO opens on September 29, 2023, and closes on October 4, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Wednesday, October 4, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Wednesday, October 11, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2023 |
Plada Infotech Services Limited Financial Report
| 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 | 233.84 |
| 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 |
Key Performance Indicator of Plada Infotech Services
| KPI | Values |
|---|---|
| P/E (x) | 12.31 |
| ROE | 37% |
| ROCE | 21% |
| Debt/Equity | 2.2 |
| EPS (Rs) | 3.9 |
| RoNW | 31.07% |
Plada Infotech Services IPO Promoter Holding
Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak are the company’s promoters.
| Share Holding Pre Issue | 89.50% |
| Share Holding Post Issue | 62.64% |
Plada Infotech Services IPO Contact Details
Plada Infotech Services Limited
Santosh A. Mishra Compound,
Mograpada, Mogra Village, off. Old Nagardas Road
Andheri (East), Mumbai – 400069
Phone: +91 8976996702
Email: abhishek.jain@pladainfotech.com
Website: https://pladainfotech.com/
Plada Infotech Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Plada Infotech Services IPO FAQs
What is Plada Infotech Services IPO?
Plada Infotech Services IPO is a SME IPO offering 2,574,000 equity shares with a face value of ₹10, aggregating to ₹12.36 Crores. The shares are priced at ₹48 per share. The minimum order quantity is 3,000 Shares. The IPO will be open for subscription from September 29, 2023, to October 4, 2023.
Bigshare Services Pvt Ltd is the registrar for this IPO, and the shares are intended to be listed on NSE SME.
How to apply for Plada Infotech Services IPO through Zerodha?
Zerodha customers can apply for Plada Infotech Services IPO online using UPI as the payment gateway. To apply through Zerodha, log in to Zerodha Console (back office), and submit the IPO application form following these steps:
1. Visit the Zerodha website and log in to Console.
2. Navigate to Portfolio and select the IPOs link.
3. Find the ‘Plada Infotech Services IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When will Plada Infotech Services IPO open?
Plada Infotech Services IPO opens on September 29, 2023, and closes on October 4, 2023.
What is the lot size for Plada Infotech Services IPO?
The lot size for Plada Infotech Services IPO is 3,000 Shares, with a minimum investment requirement of ₹144,000.
How can I apply for Plada Infotech Services IPO?
You can apply for Plada Infotech Services IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available in the net banking section of your bank account, while UPI IPO application is provided by brokers who do not offer banking services. You can find more details about applying for IPOs online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Plada Infotech Services IPO allotment take place?
The finalization of the Basis of Allotment for Plada Infotech Services IPO is scheduled for Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, October 11, 2023. You can check the Plada Infotech Services IPO allotment status during this time.
When is the Plada Infotech Services IPO listing date?
The listing date for the Plada Infotech Services IPO has not been announced yet. The tentative listing date is Thursday, October 12, 2023.
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