Pelatro Ltd IPO

Pelatro Ltd IPO

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.

Pelatro Ltd IPO Details

Total Shares Offered

₹ 27,99,000

Offer to Public

TBA

Retail Max (Shares)

₹ 9,13,200

Pre Issue Promoters Holding

₹ 55,76,625

Exchange

NSE

Issue size

₹ 55.98 Cr

IPO Open Date

Sep 16, 2024

Close Date

Sep 19, 2024

Lot Size

600

Min Investment

₹ 1,14,000

Issue Type

Book Building - SME

Listing Date

Sep 24, 2024

Pelatro Ltd IPO Dates

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Sep 16, 2024
Opening date
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Sep 19, 2024
Closing date
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Sep 20, 2024
Basis of Allotment
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Sep 20, 2024
Initiation of Refunds
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Sep 23, 2024
Credit of Shares
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Sep 24, 2024
Listing date

Details

SectorType
SectorComputers - Software - Medium
Sub SectorSmall
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Pelatro Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations85.7754.998.63
EBITDA13.8311.8910.83
PAT5.105.414.64
Total Assets84.3443.0725.24
Share Capital10.417.000.10
Total Borrowings25.195.651.70
Operating Activities (Net Cash)7.977.666.84
Investing Activities (Net Cash)9.980.000.00
Financing Activities (Net Cash)25.195.651.70
Net Cashflow33.205.285.48

About Pelatro Ltd

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.

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.

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.

Peer Comparison:

  • No Listed Industry Peers

Pelatro Ltd Key Points

Strengths

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.

Risk

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.

Strategy

Setting up a new office for centralising its operations.

Geographic Expansion.

Expansion of Recurring Revenue per Customer.

Service Expansion.

How To Apply for Pelatro Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Pelatro Ltd IPO?

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Pelatro Ltd's IPO offers shares for up to 55.98 It begins on Sep 16, 2024 and ends on Sep 19, 2024.

What is the price of the Pelatro Ltd IPO?

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The price of Pelatro Ltd IPO ranges between ₹190 to ₹200 per share.

What are the open and close dates for the Pelatro Ltd IPO?

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The Pelatro Ltd IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.

When will the Pelatro Ltd IPO be allotted?

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The allotment for the Pelatro Ltd IPO will be finalised on Sep 20, 2024. The shares will be listed on BSE and NSE on Sep 24, 2024.

What is the minimum lot size required for Pelatro Ltd IPO?

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The minimum lot size for Pelatro Ltd IPO is 600 shares, priced between ₹190 to ₹200 per share.

What is the GMP of Pelatro Ltd IPO?

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The GMP (Grey Market Premium) of Pelatro Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Pelatro Ltd IPO?

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To check the allotment status of Pelatro Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Pelatro Ltd IPO getting listed?

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The Pelatro Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 16, 2024, and closes on Sep 19, 2024. The allotment is finalised on Sep 20, 2024.

How do you apply for the Pelatro Ltd IPO?

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To apply for the Pelatro Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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