Pelatro Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹200
Per ShareLot Size
600 Shares
Minimum Investment
₹1,20,000
Issue Size
₹55.98 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Pelatro Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
73.31%
Promoter Holding (Post-Issue)
53.59%
Issue Type
Book Building - SME
ISIN
INE0VG601013
About the Company
Pelatro Limited is a global technology business and has developed a comprehensive Customer Engagement Platform, i.e., mViva that empowers customer-centric interactions between enterprises or brands and its end users. Its platform empowers enterprises to understand the behaviour and needs of its customers deeply with a view to enhance its engagement with end users. Its Customer Engagement Platform mViva collects and processes huge amounts of data for each enterprise on a daily basis across almost a billion consumers in 30 countries. mViva Customer Engagement Platform has various vertical solutions which are seamlessly integrated to form the platform, and offers products which include, Campaign Management Solution, Loyalty Management Solution, Lead Management Solution and Data Monetization Solution.
Industry Overview
The telecommunication and BFSI customer engagement solutions market was valued at $7,029.961 million in 2023 and is estimated to reach $16,125.378 million by 2033, exhibiting a CAGR of 8.4% from 2024 to 2033. The telecommunications and BFSI (Banking, Financial Services, and Insurance) customer engagement market is characterized by a strategic focus on enhancing customer interactions through innovative technologies and personalized service offerings. In telecommunications, companies leverage AI-driven chatbots, virtual assistants, and 5G networks to deliver seamless communication experiences and proactive customer support. This sector prioritizes optimizing network performance and personalized marketing to enhance customer satisfaction and loyalty. In BFSI, customer engagement centers on providing secure and efficient financial services through digital platforms and mobile applications. AI and data analytics enable personalized financial advice, fraud detection, and targeted marketing campaigns tailored to individual customer needs. This sector emphasizes transparency, compliance with regulatory standards, and building long-term customer relationships. Both sectors face challenges such as data privacy concerns, regulatory complexities, and the need for continuous innovation to meet evolving customer expectations. However, strategic investments in technology integration and customer-centric strategies are driving growth opportunities. By prioritizing customer experience, leveraging data analytics, and embracing digital transformation, companies in the telecommunications and BFSI sectors can differentiate their offerings, improve operational efficiency, and foster sustainable business growth in a competitive market landscape.
Company History
Pelatro Limited (the "Company" or the "Issuer") was incorporated on March 21, 2013 as `Kivar Infotech Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Karnataka. Subsequently, pursuant to a resolution passed by its Board of Directors in their meeting held on August 1, 2014 and by its Shareholders in their Extraordinary General Meeting held on September 11, 2014, the name of the Company was changed to `Pelatro Solutions Private Limited' and a fresh certificate of incorporation pursuant to change of name dated November 5, 2014 was issued by the Registrar of Companies, Bangalore. Subsequently, pursuant to a resolution passed in the meeting of Board of Directors held on September 14, 2023 and a resolution passed by its Shareholders in their Extraordinary General Meeting held on October 13, 2023, the name of the Company was changed to `Pelatro Private Limited' and a fresh certificate of incorporation pursuant to change of name dated November 10, 2023 was issued by the Registrar of Companies, Bangalore. Further, the Company was converted into a public limited company pursuant to a resolution passed by its Board of Directors in their meeting held on March 5, 2024 and by its Shareholders in an Extraordinary General Meeting held on March 11, 2024 and consequently the name of the Company was changed to `Pelatro Limited' and a fresh certificate of incorporation consequent upon conversion to public company dated May 29, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is a global technology business and has developed a comprehensive Customer Engagement Platform, i.e., mViva
Growth Strategy
- Setting up a new office for centralising its operations.
- Geographic Expansion.
- Expansion of Recurring Revenue per Customer.
- Service Expansion.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 27,99,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Pelatro Limited ("The Company" or "The Issuer") at an issue price of Rs. 200 per equity share (including share premium of Rs. 190 per equity share) for cash, aggregating up to Rs. 55.98 crores ("Public Issue") out of which 1,40,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 200 per equity share for cash, aggregating upto Rs. 2.81 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and upto 49,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 200 per equity share for cash, aggregating up to Rs. 0.99 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The public issue less market maker reservation portion and employee reservation portion i.e. net issue of 26,08,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 200 per equity share for cash, aggregating upto Rs. 52.18 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.90% and 25.07 % respectively of the post-issue paid-up equity share capital of the company. The Offer Price is Rs. 200 per equity share of face value of Rs. 10 each. The Offer Price is 20 times of the face value of the equity shares. Bid cane be made for a minimum of 600 equity shares and in multiples of 600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- In-house technology development and testing capabilities.
- Deep Domain Expertise.
- End to End Platform.
- Highly Referenceable Customers.
- Its platform has a prominent position in various markets, a high growth market with substantial barriers to entry.
- The company is substantially dependent upon customers renewing their subscriptions to, and expanding their use of, its platform to maintain and grow its revenue, which requires it to scale its platform infrastructure and business quickly enough to meet the company's customers' growing needs. If the company is not able to grow in an efficient manner, its business, financial condition and results of operations could be harmed.
- The company is dependent on a small set of products, and the failures to achieve continued market acceptance of its products could cause the company results of operations to suffer.
- If the company platform fails to perform properly or there are defects or disruptions in the rollout of its platform updates or enhancements, the company reputation could be adversely affected, its market share could decline, and the company could be subject to liability claims.
- The company's sales cycle with large enterprise customers can be long and unpredictable, and its sales efforts require considerable time and expense.
- Its business depends on the company's ability to send consumer engagement messages, including emails, SMS and mobile and web notifications, and any significant disruption in service with its third-party providers or on mobile operating systems could result in a loss of customers or less effective consumer-brand engagement, which could harm its business, financial condition and results of operations.