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Plada Infotech Services Limited IPO (Plada Infotech Services IPO) Detail

September 29, 2023 - October 5, 2023

Plada Infotech Services IPO is a fixed price issue of Rs 12.36 crores. The issue is entirely a fresh issue of 25.74 lakh shares.

Plada Infotech Services IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for Plada Infotech Services IPO was finalized on Monday, October 9, 2023. The shares got listed on NSE SME on October 13, 2023.

Plada Infotech Services IPO price is ₹48 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹288,000.

Indorient Financial Services Ltd is the book running lead manager of the Plada Infotech Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Plada Infotech Services IPO is Nikunj Stock Brokers.

Refer to Plada Infotech Services IPO RHP for detailed information.

Plada Infotech Services IPO Details

IPO Date September 29, 2023 to October 5, 2023
Listing Date October 13, 2023
Face Value ₹10 per share
Price ₹48 per share
Lot Size 3000 Shares
Total Issue Size2,574,000 shares
(aggregating up to ₹12.36 Cr)
Fresh Issue2,574,000 shares
(aggregating up to ₹12.36 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue6,000,000
Share holding post issue8,574,000
Market Maker portion129,000 shares
Nikunj Stock Brokers

Plada Infotech Services IPO Reservation

Plada Infotech Services IPO offers 2,574,000 shares. 1,222,500 (47.49%) to NII, 1,222,500 (47.49%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered129,000 (5.01%)
Other Shares Offered1,222,500 (47.49%)
Retail Shares Offered1,222,500 (47.49%)
Total Shares Offered2,574,000 (100%)

Plada Infotech Services IPO Timeline (Tentative Schedule)

Plada Infotech Services IPO opens on September 29, 2023, and closes on October 5, 2023.

IPO Open Date Friday, September 29, 2023
IPO Close Date Thursday, October 5, 2023
Basis of Allotment Monday, October 9, 2023
Initiation of Refunds Tuesday, October 10, 2023
Credit of Shares to Demat Wednesday, October 11, 2023
Listing Date Friday, October 13, 2023
Cut-off time for UPI mandate confirmation 5 PM on October 5, 2023

Plada Infotech Services IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹144,000
Retail (Max) 1 3000 ₹144,000
HNI (Min) 2 6,000 ₹288,000
Lot Size Calculator

Plada Infotech Services IPO Promoter Holding

Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak are the company's promoters.

Share Holding Pre Issue 89.50%
Share Holding Post Issue 62.64%

About Plada Infotech Services Limited

Incorporated in 2010, Plada Infotech Services Limited specializes in delivering comprehensive Business Process Outsourcing (BPO) services tailored to our 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 provides:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

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.

Company Financials

Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets2,711.292,760.032,720.302,811.09
Revenue5,068.204,460.864,887.396,275.12
Profit After Tax119.9366.71109.87233.82
Net Worth342.60408.44518.10752.70
Reserves and Surplus341.60407.44498.10552.70
Total Borrowing1,989.851,952.591,771.671,654.13
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Plada Infotech Services IPO is Rs 41.16 Cr.

KPI Values
ROE37%
ROCE21%
Debt/Equity2.2
RoNW31.07%
Pre IPO Post IPO
EPS (Rs) 3.9
P/E (x) 12.3117.58

Objects of the Issue (Plada Infotech Services IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To meet the working capital requirements.
  2. To purchase Laptops and Accessories for IT Development.
  3. Repayment and/or prepayment in part or in full, of certain outstanding loans of the Company.
  4. General Corporate Purposes.
  5. To meet the issue expenses.

Plada Infotech Services IPO Review (Apply)

[Dilip Davda]  The company is a tailor-made BPO service provider with having Pan India presence. It marked growth in its top and bottom lines for the reported periods. Based on FY23 earnings, the issue appears fully priced. Investors may park funds for long-term rewards. Read detail review...


Plada Infotech Services IPO Subscription Status (Bidding Detail)

The Plada Infotech Services IPO is subscribed 57.85 times on October 5, 2023 7:29:00 PM. The public issue subscribed 73.78 times in the retail category, times in the QIB category, and 39.81 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other39.81
Retail73.78
Total57.85

Total Application : 30,064 (73.87 times)

Plada Infotech Services IPO Prospectus

Plada Infotech Services IPO Rating

2
3.0
Rating:Rated 3.0 stars
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Plada Infotech Services IPO Listing Details

Listing Date October 13, 2023
BSE Script Code
NSE Symbol PLADAINFO
ISIN INE0PXD01014
Final Issue Price ₹48 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹48.00
₹59.00
₹56.05
₹60.00
₹56.05

Check IPO Performance…

Plada Infotech Services Limited Contact Details

Plada Infotech Services Limited
Santosh A. Mishra Compound,
Mograpada, Mogra Village, off. Old Nagardas Road
Andheri (East), Mumbai - 400069
Phone: +91 8976996702
Email: abhishek.jain@pladainfotech.com
Website: https://pladainfotech.com/

Plada Infotech Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Plada Infotech Services IPO - Buy or Not

Plada Infotech Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 0

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Plada Infotech Services IPO FAQs

Plada Infotech Services IPO is a SME IPO of 2,574,000 equity shares of the face value of ₹10 aggregating up to ₹12.36 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 29, 2023, and closes on October 5, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Plada Infotech Services IPO using UPI as a payment gateway. Zerodha customers can apply in Plada Infotech Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Plada Infotech Services IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Plada Infotech Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Plada Infotech Services IPO opens on September 29, 2023 and closes on October 5, 2023.

Plada Infotech Services IPO lot size is 3000 Shares, and the minimum amount required is ₹144,000.

You can apply in Plada Infotech Services 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Plada Infotech Services IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, October 11, 2023. Check the Plada Infotech Services IPO allotment status.

The Plada Infotech Services IPO listing date is on October 13, 2023.
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Plada Infotech Services IPO Message Board

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137 Comments

72. BhanuIPO |   Link |  Bookmark |October 31, 2023 4:40:56 PM
Daily falling ...Shall we hold or exit?
71. Zindgi |   Link |  Bookmark |October 20, 2023 8:53:54 PM
Result on 25th.

Will blast soon...
71.2. Beingstrong |   Link |  Bookmark |October 25, 2023 7:21:48 PM
Result is out..its not good.
71.3. Jonsnow |   Link |  Bookmark |October 25, 2023 8:56:59 PM (300+ Posts)
Could you please share the result?
70. GrayIsTheNewBlack |   Link |  Bookmark |October 18, 2023 1:47:48 PM
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)
LC journey started again as I'm still holding it 😑
Once I will sell there will be back to back UC and this bugger will go to the moon 🌙
70.9. Jonsnow |   Link |  Bookmark |November 1, 2023 6:03:07 PM (300+ Posts)
@GrayIsTheNewBlack ....sir yesterday circuit limit was 20 percent .....and today it was 10 percent..why so?
70.10. GrayIsTheNewBlack |   Link |  Bookmark |November 2, 2023 12:10:59 AM
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)
@Jonsnow , due to big difference between day low and day high in the last few trading days, the stock came under NSE surveillance action and circuit filter was reduced to 10% from 20%.
https://www.nseindia.com/reports/price-band-changes
69. Jonsnow |   Link |  Bookmark |October 16, 2023 10:11:16 AM (300+ Posts)
Anyone bought today??
69.1. Ipoholder |   Link |  Bookmark |October 16, 2023 4:31:20 PM
Bought today
69.2. Jonsnow |   Link |  Bookmark |October 16, 2023 5:47:46 PM (300+ Posts)
Past issues of this LM are performing good...Will buy another one tomorrow..Hope it reverses soon
68. GrayIsTheNewBlack |   Link |  Bookmark |October 16, 2023 10:21:18 AM
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)
Looks like LC may continue till it reaches 0 🤣
68.1. Jonsnow |   Link |  Bookmark |October 16, 2023 10:32:09 AM (300+ Posts)
Today or tommorrow it should reverse...
67. IPOTRAINEE |   Link |  Bookmark |October 14, 2023 5:55:14 PM
Hello experts ...
@Noorul 
Ny sme stock to make fresh entry fr short term gains..??
67.1. Ipoaspire |   Link |  Bookmark |October 16, 2023 9:33:52 AM (300+ Posts)
Plada is in service sector with many players
..u can go for Arabian and sharp chuk..it is around ipo price ..both have good future prospects.
66. GrayIsTheNewBlack |   Link |  Bookmark |October 14, 2023 9:31:58 AM
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)
Person/Company which was allotted largest quantity (45000) as per BOA, exited to pre-open.
Normally companies whose shares are cornered with a single entity/less no. of individuals perform well than a company whose shares are distributed among large number of individuals.
Monday opening may be again at LC as not all the retail allottees were able to square off their position.
Let's see if buying emerges post the Monday LC.

13-Oct-2023      PLADAINFO      Plada Infotech Services L      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      BUY      90,000      57.56      -
13-Oct-2023      PLADAINFO      Plada Infotech Services L      SETU SECURITIES PVT LTD      BUY      51,000      57.98      -
13-Oct-2023      PLADAINFO      Plada Infotech Services L      STCI PRIMARY DELAER LTD      SELL      45,000      59.00      -
65. sahab |   Link |  Bookmark |October 13, 2023 10:37:26 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Purchase two. Lot at Lower circuit. It will bounce back today
65.9. Jonsnow |   Link |  Bookmark |October 25, 2023 12:01:29 PM (300+ Posts)
Anyone still holding???......when will this recover??
65.10. Jonsnow |   Link |  Bookmark |October 26, 2023 9:43:55 AM (300+ Posts)
@sahab ...any update on this??....daily hitting lc.
64. Tejas Pandya |   Link |  Bookmark |October 13, 2023 9:50:33 AM
IPO Guru IPO Guru (2300+ Posts, 1900+ Likes)
Sold allotted lot in pre open at 59..
Good profit of 33000/-🔥
64.3. PKRAJ |   Link |  Bookmark |October 13, 2023 1:30:53 PM
@Tejas Pandya 
*LAGE RAHO TEJASBHAI*
Din duni aur Raat chauguni unnati karo.
Have a nice time.
64.4. Tejas Pandya |   Link |  Bookmark |October 13, 2023 5:58:10 PM
IPO Guru IPO Guru (2300+ Posts, 1900+ Likes)
@PKRAJ Thank you sir..
63. Ipoholder |   Link |  Bookmark |October 13, 2023 2:32:20 PM
Friends I want to buy plada Infotech sme share so please show me correct price what time to buy it and for how long lover circuit🙏
63.1. Jonsnow |   Link |  Bookmark |October 13, 2023 3:09:33 PM (300+ Posts)
Buy on Monday morning...
62. Itachi uchhiha |   Link |  Bookmark |October 13, 2023 12:59:31 PM
Where to check date on which a particular SME listed on NSE is moving from ST to SM category.
62.1. mark bab |   Link |  Bookmark |October 13, 2023 1:26:50 PM (200+ Posts)
10 days after listing
62.2. Itachi uchhiha |   Link |  Bookmark |October 13, 2023 2:12:49 PM
We have to calculate the 10 working days ourselves or we can see the dates on NSE as well. Please provide the link if any.
61. Tejas Pandya |   Link |  Bookmark |October 13, 2023 10:01:45 AM
IPO Guru IPO Guru (2300+ Posts, 1900+ Likes)
Anybody facing problem selling in hdfc securities in pre open?? It's new invest right application was also not working and showing error that security not found..old version was also not working..this thing is just for SME..
61.2. Tejas Pandya |   Link |  Bookmark |October 13, 2023 12:39:38 PM
IPO Guru IPO Guru (2300+ Posts, 1900+ Likes)
@GJ 😀 I have sold main board ipo and SME ipo through their old and new apps..and recently sold Arabian in pre open but with some difficulty..but today it was not letting me put limit order in pre open..there is some difficulty when you try to sell SME ipo but working smoothly for main board..
61.3. GJ 😀 |   Link |  Bookmark |October 13, 2023 2:07:05 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
oh ok.

I mostly use Zerodha, rarely HDFC Sec.
60. A prem |   Link |  Bookmark |October 13, 2023 11:17:54 AM
Please experts reply can intraday be done in sme when circuit filter changes to 20%
59. AMIT IND |   Link |  Bookmark |October 13, 2023 10:06:03 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Sold one lot in pre open. Feeling happy
58. GJ 😀 |   Link |  Bookmark |October 13, 2023 9:52:45 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Plada Infotech Services IPO,
Not applied due to multiple parallel IPOs at that time,
Bought in Pre-open today at 59.
57. PKRAJ |   Link |  Bookmark |October 13, 2023 9:48:54 AM
To be listed at 60. Not bad at all in view of GMP. Better thsn GMP. Retailer was more than NII. 25% listing gain is definitely good one. Further movement to watch after 10.00 hrs.
Good luck to all allotees.
56. PLAZA |   Link |  Bookmark |October 13, 2023 9:48:44 AM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
LISTED IN LINE OF GMP . NOT BAD
55. GrayIsTheNewBlack |   Link |  Bookmark |October 13, 2023 9:48:09 AM
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)
Same story as Sharp Chucks.
Naam bade at 9.35 am and Darshan chhote at 9.45 am.
54. AMIT IND |   Link |  Bookmark |October 13, 2023 9:47:46 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Pre open very volatile, rates down from 110 to 59
53. GrayIsTheNewBlack |   Link |  Bookmark |October 13, 2023 9:20:22 AM
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)
Don't get too excited looking at the indicative price.
Yesterday Sharp chuck was showing 200+ opening at 9.35 am and listed at 66 at 9.45 am.
So all the allottees please stay grounded.
53.3. sahab |   Link |  Bookmark |October 13, 2023 9:46:45 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
very good estimation
well said sir
53.4. Abhii VPG |   Link |  Bookmark |October 13, 2023 9:46:51 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Same scene today as well!