Plada Infotech Services IPO Details: The scheduled date for Plada Infotech Services IPO has been confirmed. The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹12.36 crores through this IPO. This sum includes a fresh issue of ₹12.36 crores via 2574000 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Plada Infotech Services IPO?
Plada Infotech Services is a software development and IT services company based in Ahmedabad, Gujarat, India. The company provides a range of services, including custom software development, web development, mobile app development, and IT consulting. Plada Infotech Services has a strong presence in the Indian market and also has clients in the US, UK, and Europe.
The company is planning to raise ₹12.36 crores through its IPO, which is open from September 29 to October 4, 2023. The IPO price band is fixed at ₹48 per share. The minimum lot size for an application is 3000 shares.
The company plans to use the proceeds of the IPO to fund its expansion plans, including setting up a new office in Mumbai and increasing its working capital.
Objectives of Plada Infotech Services IPO
The objectives of the Plada Infotech Services IPO are as follows:
- To fund the company’s expansion plans, including setting up a new office in Mumbai and increasing its working capital.
- To improve the company’s brand awareness and visibility.
- To provide an exit opportunity to existing investors.
Plada Infotech Services IPO Date & Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 4, 2023 |
| IPO Size: | Approx ₹12.36 Crores, 2,574,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹48 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | – |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Plada Infotech Services IPO Market Lot
The Plada Infotech Services IPO minimum market lot is 3000 shares with a ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹144,000 |
| Retail Maximum | 1 | 3000 | ₹144,000 |
| S-HNI Minimum | 2 | 6000 | ₹288,000 |
Plada Infotech Services IPO Dates
The Plada Infotech Services IPO date is September 29 and the IPO close date is October 4. The IPO allotment date is October 9 2023 and the IPO might list on October 12 2023.
| IPO Open Date: | September 29, 2023 |
| IPO Close Date: | October 4, 2023 |
| Basis of Allotment: | October 09 2023 |
| Refunds: | October 10 2023 |
| Credit to Demat Account: | October 11 2023 |
| IPO Listing Date: | October 12 2023 |
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Plada Infotech Services IPO Subscription Status
For the latest update on the Plada Infotech Services IPO, you can check this dedicated page for IPO subscription status.
Plada Infotech Services IPO Allotment Status
For the latest update on the Plada Infotech Services IPO, you can check this dedicated page for IPO allotment status.
Plada Infotech Services IPO Forms
For IPO form for the Plada Infotech Services IPO, you can check this dedicated page for IPO Forms.
Plada Infotech Services Company Financials
According to the Plada Infotech Services IPO prospectus, the company’s financials for the past three years are as follows:
| Financial Year | Revenue (₹ crores) | Profit After Tax (₹ crores) |
|---|---|---|
| 2022-23 | 8.51 | 0.85 |
| 2021-22 | 7.21 | 0.68 |
| 2020-21 | 6.78 | 0.59 |
As you can see, the company’s revenue and profit have grown steadily over the past three years. This is a good sign for investors, as it suggests that the company is well-managed and has a strong business model.
The company’s financials also show that it is profitable and has a healthy balance sheet. The company’s debt-to-equity ratio is 0.45, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the Plada Infotech Services Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Plada Infotech Services IPO Pros & Cons
Pros:
- Growing company with a strong track record
- Experienced management team
- Well-positioned to benefit from the growing demand for IT services in India and abroad
- Reasonable valuation
Cons:
- Small company with limited market share
- Competitive landscape
- IPO proceeds may not be sufficient to fund all of the company’s growth plans
Company Promoters
- Mr. Shailesh Kumar Damani
- Mr. Anil Mahendra Kotak
Plada Infotech Services IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
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 FAQs
The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹12.36 crores through this IPO. This sum includes a fresh issue of ₹12.36 crores via 2574000 shares, each valued at ₹10.
The IPO will open on 29th September 2023.
The retail quota is 50% and HNI is 50%.
There are two ways to apply for the Plada Infotech Services IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Plada Infotech Services IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Plada Infotech Services IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Plada Infotech Services IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the Plada Infotech Services IPO is 3000 shares. This means that you must apply for at least 3000 shares. The price of each share is between ₹48 and ₹50.
Plada IPO size is ₹12.36 crores.
Plada Infotech Services IPO Price Band is ₹48 per equity share.
Plada Infotech IPO allotment date is September 29, 2023.
Plada Infotech IPO listing date is October 4, 2023. The IPO to list on NSE SME.