In this article you get to know insight about Plada Infotech Services Limited IPO Details. Plada Infotech Services Limited, founded in 2010, is a trailblazer in the Business Process Outsourcing (BPO) industry. We are renowned for our ability to deliver customized BPO services that align seamlessly with the specific needs of our esteemed clients. With over a decade of industry experience, we have earned a reputation as a trusted partner, offering an extensive spectrum of services tailored to diverse industries and sectors.
Our Service Spectrum:
Recruitment & Payroll Management:
Our holistic Payroll Management services provide an integrated solution for banks and corporates. We streamline payroll processes through our cutting-edge Kundali platform, ensuring efficiency and peace of mind for our clients.
Merchant Acquisition:
Plada excels in merchant acquisition services, collaborating with domestic and multinational banks, NBFCs, and startups. Our approach encompasses lead-based visits, cold calling, and an array of services, including merchant engagement, activation, documentation, training, establishment, KYC processing, TID generation, and advanced tools like the Automated Lead Management Tool and M-Reporter Application for Sales productivity tracking and management.
Field Support:
Our field support services encompass dispatching skilled technicians, workers, or contractors to off-site locations. They manage equipment installation, maintenance, repairs, asset management, team coordination, task allocation, report generation, and client relationship maintenance with utmost efficiency.
Account Management:
Plada takes charge of account management processes, ensuring seamless operations and compliance in merchant engagement, data security, merchant acquisition, and program implementation, all on behalf of our valued clients.
Our Nationwide Footprint:
Plada Infotech Services boasts a dedicated workforce of over 1400 professionals strategically stationed across the country. With a physical presence in 12 offices spanning 12 cities and the capability to serve additional cities remotely, we are excellently poised to offer world-class BPO solutions tailored precisely to your unique requirements
Objects of the Issue
Meeting Working Capital Requirements:
A significant portion of the funds raised through the IPO will be utilized to meet the company’s working capital needs. This allocation is essential for ensuring the smooth day-to-day operations of the business, covering operational expenses, managing inventory, and facilitating seamless production processes.
Purchase of Laptops and Accessories for IT Development:
Another key objective for utilizing the IPO proceeds is the acquisition of laptops and related IT accessories. These resources are vital for the company’s IT development efforts, enabling technology-driven innovation and enhancement of digital infrastructure.
Repayment and/or Prepayment of Outstanding Loans:
The company plans to allocate a portion of the funds to the repayment and/or prepayment of certain outstanding loans. This strategic move will help reduce financial liabilities and interest burdens, contributing to the company’s financial stability and flexibility.
General Corporate Purposes:
A part of the IPO proceeds will be earmarked for general corporate purposes. This allocation provides flexibility for the company to utilize the capital for various corporate needs, which may include expanding into new markets, investing in research and development, enhancing marketing efforts, exploring strategic partnerships, and meeting unforeseen financial requirements. It enables the company to respond effectively to evolving market dynamics.
Meeting Issue Expenses:
A portion of the funds will be utilized to cover the expenses associated with the IPO itself. These include various costs such as underwriting fees, legal expenses, marketing and promotional expenses, and regulatory compliance costs. Ensuring adequate funding for issue expenses is crucial for the successful execution of the IPO.
Plada Infotech Services Limited IPO Details
| IPO Date | September 29, 2023 to October 4, 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 | NSE SME |
| Share holding pre issue | 6,000,000 |
| Share holding post issue | 8,574,000 |
| Market Maker portion | 129,000 shares |
Plada Infotech Services Limited IPO Reservation
Other Shares Offered:
A significant portion, constituting 50% of the net offer, is allocated for the offering of shares to specific categories or investors other than retail investors. These shares may be allocated to qualified institutional buyers (QIBs), non-institutional investors (NIIs), or other eligible investors based on regulatory requirements and the company’s allocation strategy.
Retail Shares Offered:
The remaining 50% of the net offer is designated for retail investors. Retail investors typically include individual investors and small-scale participants in the market who wish to participate in the IPO. This allocation ensures that a portion of the IPO is accessible to everyday investors, allowing them to invest in the company’s shares.
The allocation structure is designed to ensure a balanced distribution of shares among different categories of investors, catering to the varying investment capacities and preferences of institutional and retail participants. It aims to provide opportunities for a wide range of investors to participate in the IPO, contributing to a more inclusive and diversified shareholder base for the company.
Plada Infotech Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹144,000 |
| Retail (Max) | 1 | 3000 | ₹144,000 |
| HNI (Min) | 2 | 6000 | ₹288,000 |
Plada Infotech Services Limited IPO Promoter Holding
The company’s promoters, Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak, have provided information regarding their shareholding in relation to the IPO:
Share Holding Pre-Issue:
Before the IPO, the promoters collectively held a significant stake in the company, amounting to 89.50% of the total shares. This indicates that they had substantial ownership and control over the company’s shares prior to the IPO.
Share Holding Post-Issue:
Following the IPO, the promoters’ collective shareholding in the company will reduce to 62.64%. This signifies that, after going public and issuing shares to external investors, the promoters will still retain a substantial portion of the company’s shares, but they will no longer possess 89.50% of the shares. The remaining shares have been allocated to external investors as part of the IPO process.
Plada Infotech Services Limited IPO Tentative Dates
| 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 IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com
FAQ
What is Plada Infotech Services IPO?
Plada Infotech Services IPO is a SME IPO of 2,574,000 equity shares of the face value of ₹10 aggregating up to ₹12.36 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000 Shares. The IPO opens on September 29, 2023, and closes on October 4, 2023.
How to apply in Plada Infotech Services IPO through Zerodha?
Zerodha customers can apply online in Plada Infotech Services IPO using UPI as a payment gateway. Zerodha customers can apply in Plada Infotech Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Plada Infotech Services IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Plada Infotech Services IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
When Plada Infotech Services IPO will open?
The Plada Infotech Services IPO opens on September 29, 2023 and closes on October 4, 2023.
What is the lot size of Plada Infotech Services IPO?
Plada Infotech Services IPO lot size is 3000 Shares, and the minimum amount required is ₹144,000.
How to apply for Plada Infotech Services IPO?
You can apply in Plada Infotech Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Plada Infotech Services IPO allotment?
The finalization of Basis of Allotment for Plada Infotech Services IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, October 11, 2023.
When is Plada Infotech Services IPO listing date?
The Plada Infotech Services IPO listing date is not yet announced. The tentative date of Plada Infotech Services IPO listing is Thursday, October 12, 2023.