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Plada Infotech Services Ltd

IT - Software

Offer Period :

29th to 5th Oct 2023

Plada Infotech Services Ltd IPO Details

IPO Date 29th to 5th Oct 2023 Minimum Investment ₹144000 / 1 Lots
Listing Date 2023-10-13 Maximum Investment ₹144000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹12.36 Crores
Price ₹48 to ₹48 per share Fresh Issue ₹12.36 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 6000000 Shares
Issue Type Fixed Price - SME Shareholding Post Issue 8570000 Shares
IPO Date 29th to 5th Oct 2023
Listing Date 2023-10-13
Face Value ₹10 per share
Price ₹48 to ₹48 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Total Issue Size ₹12.36 Crores
Employee Discount ₹0 per share
Issue Type Fixed Price - SME
Minimum Investment ₹144000 / 1 Lots
Maximum Investment ₹144000 / 1 Lots
Fresh Issue ₹12.36 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 6000000 Shares
Shareholding Post Issue 8570000 Shares

About Plada Infotech Services Ltd IPO

Founding Head: 2010

Managing Director: Shailesh Kumar Damani

Plada Infotech Services Limited Timeline

Important dates for allocation and IPO listing.

29th Sep

IPO Opens

5th Oct

IPO Close

10th Oct

Allotment Date

11th Oct

Initiation of Refund

11th Oct

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 89.51 62.64
Public Group 10.49 37.36

Plada Infotech Services Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1222500(47.49%)
Retail Shares Offered 1222500(47.49%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 2574000
Total Shares With Anchor Investor 2574000

Plada Infotech Services Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3000 ₹0
Retail (Max) 0 0 ₹0
S HNI (Min) 1 3000 ₹0
S HNI (Max) 0 0 ₹0
B HNI (MIN) 1 3000 ₹0

Plada Infotech Services Ltd IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Plada Infotech Services Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Plada Infotech Services Ltd IPO Lead Manager

1. Indorient Financial Services Ltd

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Plada Infotech Services Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹23.1 ₹8.82 ₹6.34
Reserves and Surplus ₹14.52 ₹6.82 ₹6.14
Total Borrowing ₹14.28 ₹16.53 ₹17.7

Plada Infotech Services Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 0 0
Non Institutional Investors (NIIs) 0 46215000 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 90192000 0
Total 0 138987000 53.9965

Strength of Plada Infotech Services Ltd

1. Customers' Satisfaction and their retention.

2. Maintaining Long term relationship with clients.

3. Experienced promoter and senior management team.

4. Its distribution Network.

Risks Involved

1. The company fails to perform in accordance with the standards prescribed in its client contracts could result in loss of business or payment of liquidated damages.

2. Uncertainty of Client Commitment and Potential Contract Termination.

3. The company recent rapid growth may not be indicative of its future growth, and, if the continue to grow rapidly, the company may not be able to manage its growth effectively.

4. The company's business is subject to extensive government regulation, which may restrict the types of services the company is permitted to issue or result in additional tax or other costs that reduces the company revenues and earnings. Its inability to receive or renew the necessary licenses, approvals and registrations in a timely manner or at all may lead to interruption of the Company's operations.

5. The company may fails to attract and retain sufficiently trained employees to support its operations, as competition for qualified personnel is intense and the company experience significant employee turnover rates.

6. The Company has not made provision for gratuity as per AS 15 - Employee Benefits issued by ICAI in its books relating to certain employees of the Company given the contractual arrangement with client for providing Gratuity reimbursement along with Employee Compensation.

7. The company has not consolidated the financial statement of its assoicate Company for certain years.

8. The Company has availed moratorium facility from certain banks/ financial institution during the Covid-19 Period.

9. Due to the nature of the staffing services business, its may be exposed to employee-related risks, claims and losses that could have an adverse effect on the company business and reputation.

10. The company offices are located on leased premises and there can be no assurance that these leases will be renewed upon termination or that the company will be able to obtain other premises on lease on same or similar commercial terms.

Why should you invest in

-

Plada Infotech Services Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 39.12 28.11 27.2
Total Liabilities 39.12 28.11 27.2
Total Expenses 60.97 60.1 47.42
Total Revenue 
63.87 62.75 48.87
Profit After Tax 2.65 2.34 1.1
EBITDA 5.38 5.13 4.35
Adjusted EBITDA 0 0 0

Plada Infotech Services Limited IPO Contact Details

Plada Infotech Services Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-13 91657 PLADAINFO
INE0PXD01014
₹48 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹48 ₹48
Open ₹0 ₹59
Low ₹0 ₹56.05
High ₹0 ₹60
Low ₹0 ₹56.05

Frequently Asked Questions

What is Plada Infotech Services Ltd IPO?

Answer Field

Plada Infotech Services Ltd IPO is a SME IPO of 25,74,000 equity shares of a face value of ₹10 aggregating up to ₹12.36 Crores. The issue is priced at ₹48 to ₹48 per share. The minimum order quantity is 3000 Shares. The IPO opens on September 29, 2023, and closes on October 05, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Plada Infotech Services Ltd IPO will open?

Answer Field

The Plada Infotech Services Ltd IPO opens on September 29, 2023 and closes on October 05, 2023.

What is the lot size of Plada Infotech Services Ltd?

Answer Field

Plada Infotech Services Ltd lot size is 3000 shares, and the minimum amount required is ₹1,44,000.

How to apply for Plada Infotech Services Ltd IPO?

Answer Field

You can apply in Plada Infotech Services Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Plada Infotech Services Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Plada Infotech Services Ltd IPO will be done on October 10, 2023, and the allotted shares will be credited to your demat account by October 11, 2023.

When is Plada Infotech Services Ltd IPO listing date?

Answer Field

The Plada Infotech Services Ltd listing date is October 13, 2023.

Who is the registrar of Plada Infotech Services Ltd IPO?

Answer Field

The registrar of Plada Infotech Services Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Indorient Financial Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Plada Infotech Services Ltd IPO?

Answer Field

The fresh issue size is ₹12.36 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Plada Infotech Services Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,44,000 amount.

How can I approve the UPI mandate request for Plada Infotech Services Ltd IPO?

Answer Field

To apply for Plada Infotech Services Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Plada Infotech Services Ltd?

Answer Field

The price of each Plada Infotech Services Ltd share will be ranging in between ₹48 to ₹48 per share.

What is the cut-off time for the UPI mandate for Plada Infotech Services Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 05, 2023.

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