Pelatro Limited
Bookbuilding IPO · NSE
- Price band
- ₹190 - ₹200
- Lot size
- 600 shares
- Issue amount
- ₹55.98 cr
- Total subscription
- 22.83×
- Opens
- 16 Sept 2024
- Closes
- 19 Sept 2024
- Allotment
- 20 Sept 2024
- Listing
- 24 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 27,99,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹55.98 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 76,07,663
- Shares after issue
- 1,04,06,663
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,20,000 |
| HNI | 2 | 1,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.43 | 158.68 |
| RETAIL | 18.26 | 238.49 |
| NIB | 7.85 | 436.98 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 |
|---|---|
| EPS | -2.57 |
| ROE | -15.48 |
| ROCE | 3.85 |
| RONW | -15.48 |
| PRE IPO(PE) | -77.78 |
| POST IPO(PE) | -106.4 |
Values and labels as reported in the issue data.
Company information
Company profile
Pelatro Limited offers the mViva customer engagement platform, helping businesses improve customer interactions through advanced data analytics and intelligence. Its key solutions include Campaign Management, Loyalty Management, Lead Management, and Data Monetization. As of May 31, 2024, mViva was being used across 38 telecom networks in 30 countries, serving clients in telecom, banking, and finance. With its proprietary technology, scalable business model, and experienced team of 296 employees, Pelatro has built a strong global presence.
Strengths
- Strong Customer Relationships: Pelatro keeps its key clients engaged with long-term subscription-based contracts, ensuring steady business.
- Steady Revenue Growth: The company’s revenue has consistently increased, growing from ₹40.75 crore in FY 2022 to ₹54.99 crore in FY 2024.
- Continuous Innovation: Pelatro is always improving and expanding its products to meet the rising demand for precision marketing solutions.
Risk factors
- Reliance on Key Clients: A large part of the company's revenue comes from a few long-term customers. Any changes in these relationships could impact its financial stability.
- Debt Challenges: With a rising debt-to-equity ratio (1.55 in FY 2024), the company could face financial risks if interest rates go up or cash flow decreases.
- Profitability Struggles: A negative return on equity (-15.48% in FY 2024) and shrinking profit margins indicate financial pressure and challenges in staying profitable.
Promoters
Subash Menon
Sudeesh Yezhuvath
Kiran Menon
Varun Menon
Registrar & documents
Lead manager
Cumulative Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. 403, 7th A Main, 1st Block HRBR Layout, Bangalore - 560 043
+91 80 4903 3200
[email protected]Company website ↗Understanding PELATRO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.