Plada Infotech Services Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Plada Infotech S

CMP

31.70

+1.40 (4.62%)

₹48

Offer Price

₹ 12.36 Cr

Issue Size

₹ 1,44,000

Min Investment

3,000

Lot size

Time Line

  • 29
    Sep 2023
    Open
  • 05
    Oct 2023
    Close
  • 10
    Oct 2023
    Finalisation of Basis of Allotment
  • 11
    Oct 2023
    Initiation of Refunds
  • 11
    Oct 2023
    Transfer of Shares to Demat Account
  • 13
    Oct 2023
    Listing Date

Objects of the Offer

  • Investment in infrastructure and technology.

  • Retain and expand its Current clientele and initiate new Business relationships.

  • Retain and expand our Current clientele and initiate new Business relationships.

Products & Services

  • The Company is a leading provider of Business Process Outsourcing (BPO) services.

Strengths

  • Customers` Satisfaction and their retention.

  • Maintaining Long term relationship with clients.

  • Experienced promoter and senior management team.

  • Its distribution Network.

Risks

  • The company fails to perform in accordance with the standards prescribed in its client contracts could result in loss of business or payment of liquidated damages.

  • Uncertainty of Client Commitment and Potential Contract Termination.

  • The company recent rapid growth may not be indicative of its future growth, and, if the continue to grow rapidly, the company may not be able to manage its growth effectively.

  • The company`s business is subject to extensive government regulation, which may restrict the types of services the company is permitted to issue or result in additional tax or other costs that reduces the company revenues and earnings. Its inability to receive or renew the necessary licenses, approvals and registrations in a timely manner or at all may lead to interruption of the Company`s operations.

  • The company may fails to attract and retain sufficiently trained employees to support its operations, as competition for qualified personnel is intense and the company experience significant employee turnover rates.

Company Promoters

Promoters Holding

Issue For IPO
26.87%
Pre Holding

89.51%

Post Holding

62.64%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 48.78 (9.50%) 62.17 (27.50%) 31.07 (-)
Gross Profit 48.78 (9.50%) 62.17 (27.50%) 31.07 (-)
Net Income 48.78 (9.50%) 62.17 (27.50%) 31.07 (-)
Assets 48.78 (9.50%) 62.17 (27.50%) 31.07 (-)
Liabilities 48.78 (9.50%) 62.17 (27.50%) 31.07 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Plada Infotech Services Ltd 62.17 2.34 24.36 16.83 31.07 11.70 37.64 4.70 0.68
Firstsource Solutions Ltd 6,022.32 513.72 5,664.37 5,664.37 15.25 7.32 48.31 9.06 0.25
eClerx Services Ltd 2,647.90 488.82 2,287.74 2,287.74 28.50 98.76 357.36 21.36 0.00

Book Running Managers

  • Indorient Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Santosh A Mishra Comp Mograpad,
Morga Vil old Nag Rd Andheri E,
Mumbai - 400069
Phone : +91 8976996702 Email : abhishek.jain@pladainfotech.com www.pladainfotech.com

Offer Related Information

Initial public offer of up to 25,74,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Plada Infotech Services Limited (the "Company" or "Plada") at an issue price of Rs. 48/- per equity share for cash, aggregating up to Rs. 12.36 crores ("Public Issue") out of which 1,29,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 48/- per equity share for cash, aggregating Rs. 0.62 crores will be reserved for subscription by the market maker to the issue... More

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