Pelatro Limited's IPO is set to generate interest among investors looking for potential growth opportunities. The company is preparing to offer shares to the public, providing a chance for individuals to participate in its financial journey. IPO investment continues to be a popular method for diversifying portfolios, and upcoming IPOs like Pelatro's attract attention from retail and institutional investors.
With more businesses choosing to go public, the landscape for investment is becoming increasingly varied. This blog provides insights into Pelatro Limited's IPO, offering valuable information for those considering this and other upcoming IPOs to invest in.
Pelatro IPO is a book-built offering, raising ₹55.98 crores through the fresh issue of 27.99 lakh shares. This IPO opens for public subscription on September 16, 2024, and will close on September 19, 2024. The allotment of shares for the Pelatro IPO is scheduled to be finalised by Friday, September 20, 2024. Following this, Pelatro Limited IPO SME is NSE, with a tentative listing date set for Tuesday, September 24, 2024. Investors interested in IPO investment and upcoming IPOs to invest in may find Pelatro's offering a significant opportunity within the growing SME sector.
The price band for Pelatro IPO is set between ₹190 and ₹200 per share. Retail investors can apply for a minimum lot size of 600 shares, requiring an investment of ₹120,000. For HNI investors, the minimum investment is set at ₹240,000 for 1,200 shares (2 lots). Cumulative Capital Private Limited is serving as the book-running lead manager for this IPO, with Bigshare Services Pvt Ltd appointed as the registrar. Shree Bahubali Stock Broking is acting as the market maker. This IPO investment opportunity may appeal to those exploring upcoming IPOs to invest within the SME sector. The dates given below are a tentative timeline of the IPO.
| Pelatro Limited IPO open date | September 16, 2024 (Monday) |
| Pelatro Limited IPO close date | September 19, 2024 (Thursday) |
| Allotment allocation | September 20, 2024 (Friday) |
| Refund initiation | September 20, 2024 (Friday) |
| Crediting of shares | September 23, 2024 (Monday) |
| Date of listing | September 24, 2024 (Tuesday) |
| UPI mandate confirmation | September 19, 2024, by 5 PM |
Pelatro Limited offers an advanced customer engagement platform, mViva, designed to facilitate seamless interactions between businesses and their customers. By leveraging this platform, companies gain deeper insights into customer behaviour, enabling more personalised and effective engagement. The platform encompasses a full suite of capabilities, including data collection, analytics, audience selection, execution, and reporting.
Pelatro's key product offerings include:
As of May 31, 2024, Pelatro's platform is operational in 38 telecom networks across 30 countries, including major markets in Asia, Africa, the Middle East, and Europe. The company is also expanding into the banking and financial sectors, diversifying its clientele.
Pelatro Limited's financial performance for the period ending March 31, 2024, shows revenue of ₹5,536.54 lakhs, though the company posted a loss with a negative profit after tax of ₹195.62 lakhs. With total assets valued at ₹5,780.92 lakhs and borrowing at ₹1,867.58 lakhs, Pelatro's market capitalisation stands at ₹208.13 crores. Pelatro Limited IPO GMP is at ₹0 as of now.
| Period Ended | 31 Mar 2024 |
| Total Assets | 5,780.92 |
| Revenue | 5,536.54 |
| Profit After Tax | -195.62 |
| Net Worth | 1,202.89 |
| Reserves and Surplus | 502.89 |
| Borrowing | 1,867.58 |
*Amount in ₹ Lakhs
Pelatro Limited boasts a range of strengths that set it apart in the competitive landscape of customer engagement platforms.
Pelatro Limited's IPO offers an intriguing investment opportunity, especially for those looking at IPO investments in the technology and telecom sectors. With its proprietary, scalable customer engagement platform, mViva, Pelatro has positioned itself well in a fast-growing market, catering to a global clientele. Despite recent financial losses, the company's patented technology, experienced leadership, and strong market presence across 30 countries provide growth potential. However, the current financial performance, marked by a loss in 2024, may pose concerns. Investors seeking upcoming IPOs to invest in should carefully consider the long-term prospects before making decisions.
Exploring investment opportunities requires careful consideration, and staying informed about emerging options can make a significant difference. Understanding the potential of various IPOs is crucial for making well-timed decisions. As the market continues to evolve, evaluating companies based on their strengths, market position, and future outlook becomes more essential. To further enhance your investment journey, using trusted platforms like Ventura can help streamline your research and trading experience.
The price range for the Pelatro IPO is set between ₹190 and ₹200 per share.
Retail investors must apply for a minimum of 600 shares, requiring an investment of ₹120,000.
Cumulative Capital Private Limited is the book-running lead manager for the Pelatro IPO.
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