Plada Infotech Services Limited IPO (Plada Infotech Services IPO)

Plada Infotech Services Limited IPO
Upcoming Plada Infotech Services IPO | New Plada Infotech Services IPO

Plada Infotech Services Limited specializes in delivering comprehensive Business Process Outsourcing (BPO) services tailored to their clients’ specific needs.

The company provides a wide range of services ranging from recruitment & payroll management, merchant acquisition, field support, software solutions, seller onboarding, and account management to clients.

Following is an illustrative list of the business operations and the services that Plada Infotech provides:

  • Account Management: Account management involves managing the processes and compliances associated with merchant engagement & activation, data security, merchant acquisition, and implementation of programs on behalf of the client.
  • Merchant Acquisition: The company acquires and on-boards new merchants for Banks, NBFCs, and Startups (both Domestic and Multinational Companies). Plada’s merchant acquisition services extend from lead-based visits to cold calls. The Company ensures end-to-end services for the clientele including Merchant engagement its activation, documentation, training, and establishment, Application Processing From KYC to TID generation, Automated Lead Management Tool, and M-Reporter Application for Sales to track and manage productivity.
  • Field Support: Field service management typically involves dispatching technicians, workers, or contractors to a location outside company premises to install, maintain, or repair equipment, systems, or assets. In addition, these professionals manage the team, assign tasks, prepare reports, and maintain customer relationships.
  • Recruitment & Payroll Management: Plada offers Payroll Management services as a complete and integrated solution. The clients comprise Banks & Corporates for whom end-to-end payroll management is done through the platform Kundali.

Plada Infotech Services employs over 1400 employees across the country and presently operates through 12 offices in 12 cities with other cities being serviced remotely.

Plada Infotech Services IPO

Plada Infotech Services IPO – Details

IPO Opening Date29 September 2023
IPO Closing Date05 October 2023
Issue TypeFixed Price Issue IPO
Issue Size25,74,000 Shares Worth ₹12.36 Crore
Fresh Issue: 25,74,000 Shares Worth ₹12.36 Crore
Face Value₹10 per equity share
IPO Price₹48
Market Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
Other Shares Offered50%
Retail Shares Offered50%

Plada Infotech Services IPO – Date Schedule

IPO Open Date29 September 2023
IPO Close Date05 October 2023
Basis of Allotment10 October 2023
Initiation of Refund11 October 2023
Credit of Shares to Demat Account12 October 2023
IPO Listing Date13 October 2023
Cut-off time for UPI mandate confirmation5 PM on Oct 05, 2023

Plada Infotech Services IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,44,000
Retail (Maximum)130001,44,000
HNI (Minimum)260002,88,000

Competitive Strengths

  • Customers’ Satisfaction and their retention.
  • Maintaining Long term relationship with clients.
  • Experienced promoter and senior management team.
  • Company’s distribution Network.

Company Promoters

  • Mr. Shailesh Kumar Damani
  • Mr. Anil Mahendra Kotak

Object Of The Issue

  • Working capital requirements.
  • Purchase of Laptops and Accessories for IT Development.
  • Repayment and / or Prepayment, in part or in full, of certain outstanding loans.
  • General Corporate Purposes.
  • Issue related expenses.
Plada Infotech Services IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202144.6143.670.6619.52
31 March 202248.8747.421.0917.71
31 March 202362.7560.102.3316.54
Amount in ₹ Crore

Key Performance Indicator

P/E (x)12.31
EPS (Rs)3.9

Plada Infotech Services IPO Promoter Holding

Pre Issue Share Holding89.50%
Post Issue Share Holding62.64%

Plada Infotech Services IPO Prospectus

Company Contact Information

Plada Infotech Services Limited

Santosh A. Mishra Compound,
Mograpada, Mogra Village, off. Old Nagardas Road
Andheri (East), Mumbai – 400069

Phone: +91 8976996702

Plada Infotech Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Plada Infotech Services IPO Lead Manager(s)

1. Indorient Financial Services Ltd

Plada Infotech Services IPO FAQs

Plada Infotech Services IPO FAQs
What is Plada Infotech Services IPO?

Plada Infotech Services IPO is a SME IPO. The issue is priced at ₹48 per equity share. The IPO is to be listed on NSE SME.
When Plada Infotech Services IPO will open?

The IPO is to open on  29 September 2023 for Other – 50% and Retail – 50% Investors.
How to Plada Infotech Services IPO?

You can apply Plada Infotech Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Plada Infotech Services IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Plada Infotech Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Plada Infotech Services IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Plada Infotech Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Plada Infotech Services IPO Size?

Plada Infotech Services IPO size is ₹12.36 crores.
What is Plada Infotech Services IPO Price Band?

Plada Infotech Services IPO Price Band is ₹48.
What is Plada Infotech Services IPO Minimum and Maximum Lot Size?

The minimum bid is 3000 Shares with ₹1,44,000 amount while the maximum bid is 3000 shares with ₹1,44,000.
What is the Plada Infotech Services IPO Allotment Date?

Plada Infotech Services IPO allotment date is  10 October 2023.
What is the Plada Infotech Services IPO Listing Date?

Plada Infotech Services IPO listing date is 13 October 2023. The IPO is to list on NSE SME.
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