The Pelatro IPO is set to open on September 16, 2024, and will close on September 19, 2024. This Book Built Issue aims to raise approximately ₹55.98 crores, consisting of a fresh issue worth ₹55.98 crores, along with an offer for sale of equity shares, each carrying a face value of ₹10.
The price band for the Pelatro IPO is set between ₹190 and ₹200 per share. The allocation of shares is distributed as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to list on the NSE SME on September 24, 2024, with the allotment date scheduled for September 20, 2024.
In FY2024, Pelatro reported a revenue of ₹55.37 crores and a loss of ₹1.96 crores. Due to these financials, potential investors may want to consider a long-term strategy when investing in this IPO.
Pelatro IPO Details
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹190 to ₹200 Per Share |
| Issue Size: | Approx ₹55.98 Crores |
| Fresh Issue: | Approx ₹55.98 Crores |
| Offer for Sale: | Approx [.]Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Pelatro IPO Market Lot:
The minimum market lot for the Pelatro IPO is 600 shares, requiring an application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹ 1,20,000 |
| Retail Maximum | 1 | 600 | ₹ 1,20,000 |
| HNI Minimum | 2 | 1200 | ₹ 2,40,000 |
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Pelatro IPO Timeline:
The Pelatro IPO will open on September 16 and close on September 19. Allotment will be finalized on September 20, with the listing expected on September 24.
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
Promoters of Pelatro IPO:
The promoters of Pelatro Limited are Subash Menon, Sudeesh Yezhuvath, Kiran Menon, and Varun Menon.
About Pelatro IPO:
Pelatro Limited is a global technology company that has developed the comprehensive Customer Engagement Platform, mViva. This platform enables customer-centric interactions between brands, companies, and end users. Businesses using mViva gain deeper insights into customer behavior and enhance their interactions, processing an average of 128 tons of data per business each month, reaching over one billion users across 30 countries.
The mViva platform empowers enterprises to run targeted marketing campaigns based on user behavioral analysis. It offers a full suite of features, from data gathering and analysis to audience selection, event setup, and reporting. Designed with user-friendly features and intuitive navigation, mViva caters to users of all technical levels, allowing marketers to reinvent customer engagement. The platform enables marketers to plan complex customer journeys while leveraging insights gained from monitoring consumer behavior, leading to innovative strategies and improved customer experiences through micro-experiences integrated within broader journeys.
Developed by Pelatro Limited, the Customer Engagement Platform aims to optimize marketing spend by delivering contextually relevant campaigns while addressing privacy concerns efficiently.
As of May 31, 2024, the mViva platform has been implemented or is being implemented across 38 telecom networks in 30 countries, including India. This includes 16 networks in Asia, 5 in the Middle East, 15 in Africa, and 1 each in the Caribbean and Europe.
Pelatro IPO Financial Report:
In 2024, Pelatro reported revenue of ₹55.37 crores alongside a loss of ₹1.96 crores.
(All amounts are in ₹ crores.)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2024 | ₹ 55.37 | ₹ 55.35 | ₹ 1.96 | ₹ 57.81 |
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Pelatro IPO Valuation – FY2024
Check Pelatro IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -15.48% |
| ROCE: | 4.70% |
| EBITDA Margin: | 5.66% |
| PAT Margin: | -3.56% |
| Debt to equity ratio: | 1.55 |
| Earning Per Share (EPS): | ₹(5.15) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -16.26% |
| Net Asset Value (NAV): | ₹ 17.18 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Comviva Technologies Limited | 26.21 | NA | 6.03% | 434.86 | 1245 Cr. |
| FLYTXT Mobile Solutions Private Limited | 6893.23 | NA | 2534.68% | 271.96 | 46.30 Cr. |
Objects of the Issue:
Funding capital expenditures for the purchase and installation of IT equipment, computer hardware, servers, and other ancillary equipment.
Investing in the subsidiary.
Supporting the working capital needs of the company.
Addressing general corporate purposes.
Pelatro IPO Registrar:
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare IPO Status
IPO Lead Managers (Merchant Bankers):
Cumulative Capital Private Limited
Company Address:
- Pelatro Limited
- No. 403, 7th A Main,
- 1st Block HRBR Layout,
- Bangalore – 560 043
- Phone: +91 80 4903 3200
- Email: hello@pelatro.com
- Website: Pelatro
Pelatro IPO FAQs
What is the Pelatro IPO?
The Pelatro IPO is an SME IPO aiming to raise ₹55.98 crores. The issue is priced between ₹190 and ₹200 per equity share and will be listed on the NSE.
When will the Pelatro IPO open for subscription?
The IPO will open on September 16, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. It will close on September 19, 2024.
What is the allocation for Pelatro IPO investors?
The allocation is 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can I apply for the Pelatro IPO?
You can apply for the Pelatro IPO online via ASBA through your bank account or UPI through your stockbroker. You can also apply offline by filling out a form with your stockbroker.
What is the issue size of the Pelatro IPO?
The issue size of the Pelatro IPO is ₹55.98 crores.
What is the price band for the Pelatro IPO?
The price band for the Pelatro is set between ₹190 and ₹200.