What is the issue size of Plada Infotech Services IPO?

The issue size of the Plada Infotech Services IPO is Rs 12.36 cr

What is 'pre-apply' for Plada Infotech Services IPO?

Pre-apply will alow you to apply for the Plada Infotech Services IPO 2 days before the subscription period starts.

If I pre-apply for Plada Infotech Services IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Plada Infotech Services IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Plada Infotech Services IPO order is placed?

We will notify you when your Plada Infotech Services IPO order is placed with the exchange.

What are the open and close dates of the for Plada Infotech Services IPO?

Plada Infotech Services IPO will be open between 29 Sept - 4 Oct, 2023.

What is the lot size and minimum order quantity of the Plada Infotech Services IPO?

Plada Infotech Services Limited IPO lot size is 3000 shares.

What are the allotment dates for the Plada Infotech Services IPO?

Plada Infotech Services IPO allotment date is 9 Oct, 2023. For Plada Infotech Services IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Plada Infotech Services IPO?

Plada Infotech Services IPO registrar is Bigshare Services Pvt Ltd. You can check Plada Infotech Services IPO allotment status on the website of the registrar.

Where is the Plada Infotech Services IPO getting listed?

The shares are proposed to be listed on NSE SME.

Plada Infotech IPO

Plada Infotech India Limited

₹1,44,000 /3000 sharesMinimum Investment

Plada Infotech IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹48.00₹59.00₹11.00 (22.92%)
Plada Infotech IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
29 Sep ‘23 - 5 Oct ‘23₹1,44,0003,000₹48 - ₹48
Issue SizeIPO Doc
12.36CrRHP PDF
About Plada InfotechPlada Infotech was incorporated in 2010. The company specializes in providing customized business process outsourcing (BPO) services. They leverage cutting-edge technology and industry best practices to deliver top-quality solutions.
The company operates across multiple regions in India, primarily focusing on Maharashtra and Tamil Nadu, where they generate a substantial portion of their revenue. Plada Infotech is exclusively based in India and does not have any overseas operations or subsidiaries.
Plada Infotech's service offerings include merchant acquisition, field support, account management, recruitment and payroll management, business correspondence, and other software solutions. ;
Parent Organisation
Plada Infotech India Limited
Founded
2010
Managing Director
Mr. Shailesh Kumar Damani
Strengths & Risks
Plada Infotech has a wide-reaching distribution network, spanning across 12 office locations in different Indian cities. They extend their services to even more cities through a network of resident engineers. This extensive coverage allows them to cater to a diverse clientele, serving banks, corporates, SMEs, and various other businesses.
Their after-tax profits increased from Rs. 66.71 lakhs in 2021 to Rs. 109.86 lakhs in 2022 and further to Rs. 233.82 lakhs in 2023. Meanwhile, their total income rose from Rs. 4,460.86 lakhs in 2021 to Rs. 4,887.39 lakhs in 2022 and then to Rs. 6,275.12 lakhs in 2023.
Plada Infotech helps businesses identify and onboard new merchants through a bank referral model and open market strategy.
They offer guidance to merchants in setting up essential infrastructure for accepting customer payments. This involves point-of-sale (POS) systems, payment gateways, and other payment processing technologies, ensuring a smooth transition.
Plada Infotech faces significant government regulations, potentially limiting its service offerings and increasing costs, impacting its earnings. Delays or denials in obtaining required licenses and approvals may disrupt company operations.
The company hasn't set aside funds for gratuity according to AS 15 - Employee Benefits by ICAI for some employees, as they have an arrangement with clients for gratuity reimbursement alongside employee compensation.
During the COVID-19 pandemic, Plada Infotech used moratorium facilities provided by specific banks and financial institutions.
Due to the nature of their staffing services, the company may encounter risks, claims, and losses related to employees, which could harm their reputation and business.
There is an ongoing legal matter involving the company, and an unfavorable outcome could significantly impact its financial condition and operations.
Plada Infotech has previously experienced negative cash flow and may continue to do so, potentially affecting its business, financial health, and results.
The company has taken unsecured loans, with Rs. 182.35 lakhs outstanding as of July 31, 2023, which may be subject to recall at any time. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹48 - 48₹2 Lakh
High Networth Individual₹48 - 48₹2 - 5 Lakh
For Plada Infotech IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹48.00	₹59.00	₹11.00 (22.92%)

Bidding Dates	Min. Investment	Lot Size	Price Range
29 Sep ‘23 - 5 Oct ‘23	₹1,44,000	3,000	₹48 - ₹48

Issue Size	IPO Doc
12.36Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹48 - 48	₹2 Lakh
High Networth Individual	₹48 - 48	₹2 - 5 Lakh

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