Pelatro Limited IPO-Complete Overview, Valuation & Date

Pelatro IPO-Complete Overview

Pelatro IPO an SME IPO is a book-built issue of Rs.55.98 crore by Pelatro Ltd. The company provides a comprehensive platform for customer engagement called mViva that makes it possible for businesses or brands to engage with their end users in a customer-centric manner.

The organization assists companies in better understanding the behavior of their clients and the requirements for better client interactions. Starting with data collecting, analytics, intelligence gathering, audience selection, configuration, execution, and reporting, the platform offers end-to-end capabilities and experiences.

Campaign Management Solutions, Loyalty Management Solutions, Lead Management Solutions, and Data Monetization Solutions are among the company's primary product offerings.

As of May 31, 2024, 38 telecom networks across 30 countries-including India-had either deployed or were in the process of implementing the Customer Engagement Platform. There are 16 of these networks in Asia, 5 in the Middle East, 15 in Africa, one in the Caribbean, and one in Europe. Telecom corporations, including their subsidiaries or businesses that are a part of their group and operate in different countries throughout the world, are among the company's clientele. The business has begun focusing on banks and other financial institutions.

This new SME IPO is to be launched on 16 September 2024, and its ‘initial public offering’ will end on 19 September 2024.
 

Pelatro IPO Overview

The Rs.55.98 crore Pelatro Ltd. IPO consists of an entirely fresh issue of 27.99 lac Shares. This SME IPO date is from September 16-September 19, 2024. The expected IPO listing date is Tuesday, September 24, 2024, on NSE and SME. The IPO price band is Rs.190 to Rs.200 for each Share.

The IPO with a Face Value of Rs.10 per Share offers a total issue size of 27,99,000 Shares (aggregating up to Rs.55.98 Cr.).

To open a demat account and apply for the IPO, Click Here.

Company Financial

Below is the synopsis of the company's financial data (Restated Consolidated) for the period that concluded 31 March 2024.

• The total assets of the company are Rs.5,780.92 lac.

• The total revenue of the company is Rs.5,536.54 lac.

• The company’s PAT is Rs.-195.62 lac.

• The net worth of the company is Rs.1,202.89 lac.

• The company’s EBITDA is Rs.311.15 lac.
  
  

(Amount in lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Further bifurcation into distinct segments like products and services and sale of goods and services is not possible because the company doesn’t provide its revenue bifurcation.

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the capital expenditures that our business needs to make for the following: buying and installing servers, computer hardware, IT equipment, and other auxiliary equipment

• A monetary contribution to the subsidiary

• Meeting the company's needs for working capital

• General corporate purposes.

Peers of Pelatro Ltd. 

There are no listed companies in India or abroad engaged in the same business of comparable size.

 

Evaluation

Pelatro IPO price is Rs.190 to Rs.200 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.-5.15 from the last year, the resulting P/E ratio is negative.

Considering the weighted EPS of Rs.-5.15 for the last three years, the P/E ratio is negative.

Note: The basic EPS of the peers is for the financial year ending 31 March 2024.

 

Comparative Analysis With Listed Peers

No listed companies. So it is not possible to provide industry comparison.

 

IPO's Strengths 

• Internal resources for technology development and testing

• Profound Subject Matter Expertise

• Platform from End to End

• Extremely Reliable Clients

• Its platform is well-positioned in a number of areas, one of which is a high-growth industry with significant entry barriers.

• A low-cost, profitable business model based on an automated, scalable, and asset-light platform

• A global consumer base fueled by growth

• Technology that is Patented

• Key Management Personnel with extensive experience and dedication, well-supported by other staff members.

 

IPO’s Weaknesses

• The company depends on a limited number of items, and its operational outcomes may suffer if it is unable to maintain its products' market acceptance.

• Its market share could decrease, its reputation could suffer, and it could be vulnerable to liability claims if its platform malfunctions or has flaws that cause delays in the release of updates or enhancements.

• Its ability to communicate with customers through emails, SMS, and mobile and web notifications is essential to its business. Any major outage on the mobile operating systems or with the third-party providers could cause it to lose customers or have less successful consumer-brand engagement, both of which could be detrimental to the company’s operations.

• The company has experienced negative cash flows from operating, investing, and financing activities in the previous years. A sustained negative cash flow could trouble the company's expansion.

• Operates in a small number of geographic areas for the majority of its revenue and relies on a small number of clients for operational income. It's possible that projects in new regions won't be as profitable as those in existing ones.
  
  

Pelatro IPO GMP Today

Pelatro IPO GMP today is Rs.0 as of 14 September 2024. With a price band of Rs.200, the Pelatro IPO listing price (estimated) is Rs.200. 

0% is the anticipated percentage gain or loss per share.

 

IPO Timetable (Tentative)

The Pelatro IPO date is from September 16 to September 19, 2024, with allotment on September 20, refund initiation on September 20, and the Pelatro IPO listing date on September 24, 2024.

 

Pelatro IPO Details 

 

Pelatro IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (600 Shares) amounting to Rs.1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (1200 Shares) amounting to Rs.2,40,000.

 

Pelatro IPO Reservation

 

Promoters And Management of Pelatro Ltd.

• Subash Menon

• Sudeesh Yezhuvath

• Kiran Menon

• Varun Menon

IPO Lead Managers

• Cumulative Capital Private Limited.
  
  

Dividend Policy

The company has not paid any dividends in the last three fiscals.

Conclusion

The company has experienced negative cash flow in operating, financing, and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public.

We believe the information offered in this blog helps you learn about the company's financial performance. so this blog will be very useful to you if you are looking for information about the upcoming IPO since it will give you reliable data about the company's insights, financials, and past performance. if this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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