Pelatro Limited is coming up with an IPO with a fresh issue of 27,99,000 shares worth INR 55.98 crores. The company aims to fund IT equipment, invest in subsidiaries, support working capital, and general purposes.
Pelatro Ltd IPO – Important Dates
| Pelatro Limited IPO Date | September 16, 2024 to September 19, 2024 |
| Pelatro Limited IPO Listing Date | September 24, 2024 |
| Pelatro Limited IPO Price | INR 190-200 per share |
| Pelatro Limited IPO Lot Size | 600 Shares |
| Pelatro Limited IPO Total Issue Size | INR 55.98 crores |
| Pelatro Limited IPO Basis of Allotment | September 20, 2024 |
| Pelatro Limited IPO Initiation of Refunds | September 20, 2024 |
| Pelatro Limited IPO Credit of Shares to Demat | September 20, 2024 |
| Pelatro Limited IPO Issue Type | Book Built Issue IPO |
| Pelatro Limited IPO Listing At | NSE SME |
Read more Pelatro Limited IPO GMP
Pelatro Limited IPO – Company Profile
Pelatro Limited has developed Aviva, a global Customer Engagement Platform that enables enterprises to analyze consumer behaviour, enhance engagement, and manage marketing operations through data collection, analysis, audience selection, and reporting across 30 countries.
Their Customer Engagement Platform enhances marketing ROI with contextual campaigns while ensuring consumer privacy by handling data within customers’ systems without storing it on their servers or using third-party servers for services.
In addition to its Customer Engagement Platform, the company offers managed services in business consulting, operations, and IT, boosting ROI and consumer engagement. Patented innovations provide a competitive edge and differentiation.
Pelatro Ltd IPO Fundamental Analysis
Pelatro Limited’s financial analysis reveals a mixed performance. Revenue increased steadily, accompanied by rising equity and liabilities. Profitability and EPS improved, though RoNW decreased, and weakening liquidity suggests potential short-term financial challenges.
- Revenue Trend: The revenue increased from ₹4,075.47 lakhs in March 2022 to ₹4,898.23 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 5,880.82 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹357.03 lakhs in March 2022 to ₹541.46 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹10.20 in March 2022 to ₹14.26 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 41.71% to 27.86%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
Pelatro IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 4,075.47 | 4,898.23 | 5,880.82 |
| Equity (₹ in lakhs) | 855.92 | 1,324.79 | 1,943.22 |
| Expenses (₹ in lakhs) | 3,597.84 | 4,262.10 | 5,176.59 |
| Profit and Loss After Tax (₹ in lakhs) | 357.03 | 463.89 | 541.46 |
| Diluted EPS only (₹) | 10.20 | 13.25 | 14.26 |
| Return on Net Worth (%) | 41.71 | 35.02 | 27.86 |
| NAV per Equity Share (₹) | 24.45 | 37.85 | 27.76 |
| Total Assets (in lakhs) | 1,684.50 | 3,080.04 | 5,109.97 |
| Total Liabilities (in lakhs) | 828.58 | 1,755.25 | 3,166.75 |
| Debt Equity Ratio | 0.60 | 1.02 | 1.55 |
| Current Ratio (in times) | 7.37 | 10.11 | 1.04 |
Pelatro IPO Peer Comparison
There are no listed companies in India or abroad whose business portfolio is comparable with that of Pelatro Limited and comparable to their scale of operations. Hence, it is impossible to provide an industry comparison concerning their company.
Pelatro Ltd IPO Objective
The main objective of Pelatro Limited is to fund capital expenditure for IT equipment, invest in its subsidiary, and meet the company’s working capital needs.
- Funding capital expenditure requirement of the company: The company intends to utilize INR 10.12 crores from net proceeds to purchase and install IT equipment, servers, computer hardware, and ancillary infrastructure to enhance its development and testing environment for handling extensive subscriber data.
- Investment in their subsidiary: The company plans to utilize INR 10 crores to invest in its Singapore subsidiary, Pelatro Pte. Ltd., expanding sales and marketing capabilities through hiring, travel, and participation in trade shows to drive further international growth.
- Funding the company’s working capital needs: The company aims to utilize INR 15 crores from the net proceeds of the issue to meet working capital requirements, with the balance covered by internal accruals and borrowings as needed.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including business development initiatives and covering expenses such as salaries, rent, administration costs, insurance premiums, repairs, maintenance, and taxes.
Pelatro IPO Risks And Challenges
Pelatro Limited’s risk includes the need for substantial resources to scale its platform amid pricing pressures and complex renewals, heavy reliance on subscriptions, and potential defects or errors affecting customer retention, revenue, and financial stability.
- Scaling their platform to meet growing customer demands may require significant updates, integration, and maintenance resources. Pricing pressures and complex renewals could affect revenue, impacting their ability to grow, perform, and maintain financial stability.
- Their revenue relies heavily on subscriptions for their products. They anticipate continued dependence on these products and are committed to innovation and leveraging their patented technology to maintain competitiveness and market growth.
- Defects or errors in their complex platform could lead to customer loss, service credits, and reputational harm. Data integrity, downtime, or performance issues could impact revenue, customer retention, and financial stability.
Pelatro Ltd IPO – Industry & Market Potential
India’s tech industry aims to double revenue to $500 billion by 2030. With a solid digital competitiveness score and growing Japanese investments, the sector is expanding, creating significant job opportunities and reaching a projected market size of $19.93 billion by 2025.
India, a leading offshoring hub, is set for an 11.1% growth in IT spending, reaching $138.6 billion in 2024. Cloud services are expanding, creating 14 million jobs by 2026 and potentially adding $380 billion to GDP.
The global market for telecommunication and BFSI customer engagement solutions, valued at $70.3 billion in 2023, is projected to grow to $16.1 billion by 2033, with an 8.4% CAGR from 2024 to 2033.
Pelatro Limited IPO – Type of Offer
Pelatro Limited is coming up with an IPO with a fresh issue of 27,99,000 shares worth INR 55.98 crores. The company aims to fund IT equipment, invest in subsidiaries, support working capital, and general purposes.
Pelatro IPO Offer Size
The offer size of Pelatro Limited is INR 55.98 crores, consisting of a fresh issue of 27,99,000 shares. The company seeks funds to fund IT equipment, invest in subsidiaries, support working capital, and general purposes.
Pelatro Limited IPO Allotment Structure
Pelatro Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 140,400 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 140,400 shares, are reserved for market makers.
Read more about Pelatro Limited IPO Allotment Status
How to apply for the Pelatro IPO?
To apply for the Pelatro Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Pelatro Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Pelatro Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about Pelatro IPO Day 1 Subscription
How do you check Pelatro IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Pelatro Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Pelatro Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Pelatro Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Pelatro Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more about Pelatro IPO Day 2 Subscription
Pelatro Ltd IPO Offer Registrar
The registrar for the Pelatro Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400 093,
Maharashtra, India.
Telephone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Read more about Pelatro IPO Day 3 Subscription
Pelatro IPO – FAQs
The allotment date of the Pelatro Limited IPO is September 20, 2024.
The price band of the issue is INR 190-200 per share.
The offer size of Pelatro Limited is INR 55.98 crores, consisting of a fresh issue of 27,99,000 shares. The company seeks funds to fund IT equipment, invest in subsidiaries, support working capital, and general purposes.
The listing date of Pelatro Limited’s IPO is September 24, 2024.
