Pelatro IPO is set to raise ₹55.98 crore through a book-built issue, offering 27.99 lakh fresh shares. The IPO opens for subscription on September 16, 2024, and closes on September 19, 2024. The allotment is expected to be finalised on September 20, 2024, with the listing scheduled on NSE SME on September 24, 2024.
The IPO has a price band of ₹190 to ₹200 per share. Retail investors can apply for a minimum lot size of 600 shares, requiring an investment of ₹120,000. High-net-worth individuals (HNIs) need to invest in at least 2 lots, amounting to ₹240,000.
Cumulative Capital Private Limited is the lead manager for the IPO, and Bigshare Services Pvt Ltd is the registrar. Shree Bahubali Stock Broking is the market maker for the issue, ensuring liquidity on the exchange.
Industry Outlook:
- The telecommunication and BFSI customer engagement market, valued at $7,029.961 million in 2023, is projected to grow at a CAGR of 8.4%, reaching $16,125.378 million by 2033.
- Increased adoption of AI-driven tools, CRM systems, and analytics in the telecommunications sector is expected to reduce churn rates and boost service quality. This growth in technological adoption will positively impact Pelatro Limited, enhancing its market opportunities.
Pelatro IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be used to purchase and install IT equipment, servers, and related hardware.
- Proceeds will support investments in the company's subsidiary to enhance its growth.
- Funds will address the company's working capital needs to ensure smooth operations.
- The remaining funds will be used for general corporate purposes.
About Pelatro Limited
Pelatro Limited is a global technology company offering advanced customer engagement solutions through its platform, mViva. This platform is designed to enhance interactions between businesses and their customers by leveraging extensive data analysis. mViva processes vast amounts of data from nearly a billion consumers across 30 countries each day, enabling enterprises to better understand and engage their customers.
The mViva platform supports a variety of functions, including campaign management, loyalty programs, lead management, and data monetisation. It uses real-time data to design targeted marketing campaigns, optimise loyalty programs with options like points accumulation and tier-based rewards, and identify and nurture leads through automated systems. Additionally, mViva allows enterprises to monetise their customer data by providing it to other businesses for targeted promotions.
This comprehensive approach ensures that enterprises can deliver relevant and personalised experiences to their customers while enhancing their marketing effectiveness. As of May 2024, mViva is implemented in 38 telecom networks across Asia, the Middle East, Africa, the Caribbean, and Europe, reflecting its broad global reach and impact.
Peer Details
The following are the listed peers of Pelatro Limited:
- Comviva Technologies Limited
- FLYTXT Mobile Solutions Private Limited
How to Check the Allotment Status of the Pelatro IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Pelatro IPO
- Registered office: No. 403, 7th A Main, 1st Block HRBR Layout, Bangalore - 560 043, Karnataka, India
- Phone: +91 80 49033200
- E-mail: company.secretary@pelatro.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 5,880.82 | 4,898.23 |
| Profit After Tax (PAT) (in ₹ lakh) | 541.46 | 463.89 |
| Net Worth (in ₹ lakh) | 1,943.22 | 1,324.79 |
| Earnings per Share (in ₹) | 14.26 | 13.25 |
| Return on Equity (ROE) (%) | (15.48) | 42.54 |
| Return on Capital Employed (ROCE) (%) | 4.70 | 23.37 |
| Current Ratio (x) | 1.04 | 10.11 |
| EBITDA (in ₹ lakh) | 1045.20 | 876.73 |
Know before investing
Strengths
6In-house tech development ensures seamless integration with diverse systems.
Deep industry expertise attracts high-profile clients in telecom and banking.
End-to-end platform addresses varied customer needs across sectors.
Strong customer base enhances credibility and market positioning globally.
Patented technology differentiates Pelatro in handling vast data volumes.
Scalable, low-cost model supports growth and efficiency in operations.
Risks
6Heavy reliance on customer renewals and expansions can impact growth.
Dependence on a small product range risks market acceptance issues.
Platform failures or defects could harm reputation and market share.
Long, unpredictable sales cycles with large customers may delay revenue.
Disruptions from third-party providers could affect customer engagement.
Geographic and customer concentration may limit profitability and growth.
