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12 September 2024

Pelatro Limited IPO, GMP, Details, Price, and Review

We are a global technology business and have developed a comprehensive Customer Engagement Platform, i.e., mViva that empowers customer-centric interactions between enterprises or brands and its end users. Our platform empowers enterprises to understand the behavior and needs of their customers deeply to enhance their engagement with end users.

Our Customer Engagement Platform mViva collects and processes large amounts of data for each enterprise daily across almost a billion consumers in 30 countries. Our mViva platform helps enterprises undertake marketing operations on their end users through behavioural analysis of their end users. The platform provides end-to-end capability and experience starting with a collection of data, analysis, intelligence gathering, audience selection, configuration, execution and reporting. The entire approach of our Customer Engagement Platform is customer-centric, offering distinctive features.

IPO OVERVIEW:

● Issue Size: ₹55.98 crores
● Number of Shares: 27.99 lakh shares
● Price Band: ₹190 to ₹200 per share
● Minimum Lot Size: 600 shares

Key Details:

● Book Running Lead Manager: Cumulative Capital Private Limited
● Registrar: Bigshare Services Pvt Ltd
● Market Maker: Shree Bahubali Stock Broking

WHAT IS GMP?

GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.

Pelatro Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
	200	-

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Pelatro Limited IPO Overview

Detail	Description
IPO Date	September 16, 2024 to September 19, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹190 to ₹200 per share
Lot Size	600 Shares
Total Issue Size	2,799,000 shares (aggregating up to ₹55.98 Cr)
Fresh Issue	2,799,000 shares (aggregating up to ₹55.98 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre issue	7,607,663
Shareholding post issue	10,406,663
Market Maker portion	140,400 shares

Pelatro IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Monday, September 16, 2024
IPO Close Date	Thursday, September 19, 2024
Basis of Allotment	Friday, September 20, 2024
Initiation of Refunds	Friday, September 20, 2024
Credit of Shares to Demat	Monday, September 23, 2024
Listing Date	Tuesday, September 24, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 19, 2024

Pelatro Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹120,000
Retail (Max)	1	600	₹120,000
HNI (Min)	2	1,200	₹240,000

Pelatro Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the offer
Retail Shares Offered	Not less than 35.03% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Pelatro IPO Promoter Holding

Share Holding Pre Issue	73.31%
Share Holding Post Issue	53.59%

Pelatro IPO Anchor Investors Details

Bid Date	September 13, 2024
Shares Offered	781,800
Anchor Portion Size (In Cr.)	15.64
Anchor lock-in period end date for 50% shares (30 Days)	October 20, 2024
Anchor lock-in period end date for remaining shares (90 Days)	December 19, 2024

Company & Financials

Pelatro Limited offers a comprehensive customer engagement platform, mViva, which enables customer-centric interactions between companies or brands and their end users.

The company helps businesses to accurately understand their customers' behavior and needs to improve interactions with end customers. The platform provides end-to-end capabilities and experiences, starting with data collection, analytics, intelligence gathering, audience selection, configuration, execution and reporting.

The company's core product portfolio includes Campaign Management Solutions, Loyalty Management Solutions, Lead Management Solutions, and Data Monetization Solutions.

As of May 31, 2024, the Customer Engagement Platform has been implemented or is in the implementation phase in 38 telecom networks in 30 countries, including India. Of these networks, 16 are in Asia, 5 in the Middle East, 15 in Africa, 1 in the Caribbean, and 1 in Europe. The company's customer base includes telecommunications companies, including their subsidiaries and/or companies that are part of their group and operate in various countries around the world. The company has also started to target banks and financial companies.

Competitive strengths:

● Proprietary technology development and testing capabilities
● In-depth specialist knowledge
● End-to-end platform
● Highly referenceable customers
● An outstanding position in various markets, a fast-growing market with high barriers to entry.
● A profitable, cost-effective business model based on an asset-friendly, automated and scalable platform
● Growth-oriented, global customer base
● Patented technology
● Experienced and dedicated key management personnel

Pelatro Limited Financial Information

Period Ended	Fiscal 2024 (Consolidated)	Fiscal 2024 (Standalone)	Fiscal 2023 (Standalone)	Fiscal 2022 (Standalone)
Assets	5,780.92	5,109.97	3,080.04	1,684.50
Revenue	5,536.54	5,915.34	4,905.08	4,088.01
Profit After Tax	-195.62	541.46	463.88	357.03
Net Worth	1,202.89	1,943.22	1,324.79	855.92
Reserves and Surplus	502.89	1,243.22	1,314.79	845.92
Total Borrowing	1,867.58	1,867.58	1,347.86	512.87
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	-15.48%
ROCE	3.85%
Debt/Equity	1.55
RoNW	-15.48%
P/BV	11.64
PAT Margin (%)	-3.56

	Pre IPO	Post IPO
EPS (Rs)	-2.57	-1.88
P/E (x)	-77.78	-106.4

Objectives of Pelatro IPO

1. Funding capital expenditure requirement of our company towards the purchase and installation of IT equipment, computer hardware, servers and other ancillary equipment.
2. Investment in the subsidiary.
3. Funding the working capital needs of the company.
4. General corporate purposes.

Pelatro IPO Review

The company is a customer-centric player that provides comprehensive customer engagement platforms globally. It marked steady growth on a standalone basis, but for consolidated FY24, it marked negative earnings due to a small contribution from a subsidiary and other accounting adjustments. Based on standalone FY24 numbers, the issue appears to be relatively aggressively priced. It is poised for bright prospects ahead. Well-informed investors may park moderate funds for the medium to long term.

FAQs for Pelatro IPO

What is Pelatro IPO?

Pelatro IPO is a SME IPO. The company is going to raise ₹55.98 Crores via IPO. The issue is priced at ₹190 to ₹200 pr equity share. The IPO is to be listed on NSE.
When Pelatro IPO will open for subscription?

The IPO is to open on September 16, 2024 for QIB, NII and Retail Investors. The IPO will close on September 19, 2024.
What is Pelatro IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15% and Retail is 35%.
What is Pelatro IPO Issue Size?

Pelatro IPO issue size is ₹55.98 crores.
What is Pelatro IPO Price Band?

Pelatro IPO Price Band is ₹199 to ₹200.
What is Pelatro IPO Lot Size?

The minimum bid is 600 Shares with ₹120,000 amount.
What is the Pelatro IPO Allotment Date?

Pelatro IPO allotment date is September 20, 2024.
What is the Pelatro IPO Listing Date?

Pelatro IPO listing date is September 24, 2024. The IPO is to list on NSE.
What is the current GMP of Pelatro IPO?

The current GMP of Pelatro IPO is ---.