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TCS, HDFCBANK, SBI Liquid Fund (G)
Pelatro Ltd.

PELATRO

Equity

NSE

Min. Investment

1,90,000.00

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IPO Details

Bidding Dates

16 Sept 24 - 19 Sept 24

Price Range ₹

190 - 200

Total Equity

60.00Cr

Lot Size

600

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

16 Sept 2024

Offer end

19 Sept 2024

Allotment

20 Sept 2024

Refund initiation

20 Sept 2024

Demat transfer

23 Sept 2024

Listing

24 Sept 2024

About Company

Pelatro Limited offers a robust customer engagement platform called mViva, designed to facilitate customer-centric interactions between businesses and their end users. This platform allows companies to better understand customer behavior and needs, enhancing the quality of customer interactions. mViva provides comprehensive capabilities, covering the entire process from data collection, analytics, and intelligence gathering to audience selection, configuration, execution, and reporting. Pelatro's core product suite includes Campaign Management Solutions, Loyalty Management Solutions, Lead Management Solutions, and Data Monetization Solutions. As of May 31, 2024, the platform has been implemented or is in progress across 38 telecom networks in 30 countries, including India. These include 16 networks in Asia, 5 in the Middle East, 15 in Africa, 1 in the Caribbean, and 1 in Europe. The company’s clientele primarily consists of telecom companies and their affiliates worldwide, with a recent expansion into targeting banks and financial institutions. Pelatro's competitive advantages include: - Proprietary technology development and testing expertise - In-depth specialized knowledge - A comprehensive, end-to-end platform - Highly referenceable customer base - Strong positioning in fast-growing markets with high barriers to entry - A profitable and scalable business model built on automation and asset-light operations - A global, growth-oriented customer base - Patented technology - A seasoned and dedicated management team As of May 31, 2024, Pelatro employed 296 people.

Year Founded

21-03-2013

Promotor Details

Subash Menon

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage73.310
Share Capital55766255576625

Offer to Public

30,00,000.00 Cr

Project Details

  • Investment in our subsidiary - 100cr
  • Funding working capital needs of our company - 150cr
  • Funding capital expenditure requirement of our company - 101.156cr

Objectives

  • Funding capital expenditure requirement of our company towards
  • Purchase & Installation of IT equipment, computer hardware, server and other ancillary equipmentInvestment in our subsidiary
  • Funding working capital needs of our company
  • General corporate purposes.

Highlights

  • User-friendly platform that empowers non-technical marketers to innovate and improve customer engagement.
  • Advanced machine learning algorithms that offer real-time predictions and continuously improve in precision for better personalization.
  • Global reach with deployments across 38 telecom networks in 30 countries, showcasing its extensive market presence.
  • Patented technology through its subsidiary, Pelatro Pte, ensuring a competitive edge in innovation.
  • Consistent revenue growth, reflecting the platform's increasing demand and successful market expansion.

Challenges

  • Dependence on a few products for revenue, making the company vulnerable if these products underperform.
  • High reliance on a small number of key customers, with top customers contributing the majority of revenue, which poses a significant risk if demand from these clients declines.
  • Geographical concentration in Asia and Africa, leaving the company exposed to risks from economic or political instability in these regions.
  • Inability to manage rapid growth effectively could negatively affect both operational and financial performance.
  • Outstanding debt obligations, which could harm the company’s reputation if it struggles to service or repay them.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20245,706.39700.00-195.62-195.62-2.7946
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