Issue Price
₹190- ₹200
per equity share
Issue Size
20.17 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
600
equity share
Please note
Listing at NSE
Pelatro Limited
Important Dates
IPO Open Date
16 Sep 2024
IPO Close Date
19 Sep 2024
Allotment Date
20 Sep 2024
Initiation of Refunds
20 Sep 2024
Credit of Shares to Demat Account
23 Sep 2024
IPO Listing Date
24 Sep 2024
UPI Mandate Expiry Date
19 Sep 2024
IPO Details
Pelatro is open for subscription from Monday, September 16, 2024, and closes on Thursday, September 19, 2024. The price band for this IPO is set at Rs 190 – Rs 200 per share. Pelatro IPO is offering entirely a fresh issue of 27.99 lakh equity shares worth up to Rs 55.98 crore. The allotment for this new IPO is expected to be finalised on Friday, September 20, 2024. Whereas the listing of this IPO will be done on Tuesday, September 24, 2024, at NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 600 shares. For retail investors, the minimum and maximum investment amount required is Rs 120,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 1200 shares amounting to Rs 240,000. The IPO is managed by Cumulative Capital Private Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.
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Check Allotment StatusAbout Pelatro Limited
Pelatro Limited was incorporated on March 21, 2013, offers a dynamic customer engagement platform called mViva, designed to foster customer-centric interactions between businesses and their end users. The platform supports businesses in analysing customer behavior and needs through comprehensive features such as data collection, analytics, intelligence gathering, and campaign execution. Pelatro's core offerings include Campaign Management, Loyalty Management, Lead Management, and Data Monetization Solutions.
As of May 31, 2024, the platform has been deployed or is being implemented in 38 telecom networks across 30 countries, with a growing focus on banks and financial institutions. With 296 employees and a global customer base, the company stands out for its proprietary technology, specialist knowledge, and scalable, asset-light business model.
Parent Organisation
-
Founded
2013
Managing Director
Subash Menon, Sudeesh Yezhuvath, Kiran Menon, and Varun Menon
IPO Objectives
The company intends to utilise the funding received from the fresh issue for various purposes, including capital expenditure for the purchase and installation of IT equipment, computer hardware, servers, and other ancillary equipment, investing in its subsidiary, meeting the Company’s working capital needs, and addressing general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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