Pelatro SME IPO Opens: Issue Size, Price Band, GMP, and Key Details You Can’t Miss

The SME IPO of Pelatro has opened for subscription today and will close on September 19. The company aims to raise around ₹56 crore through this public offer and plans to list its shares on the NSE SME platform. Here are the key points investors need to know before subscribing:

1) Pelatro IPO Size
Pelatro is offering 27.99 lakh fresh equity shares in this IPO, aiming to raise ₹56 crore.

2) Pelatro IPO Price Band
The shares are priced between ₹190 to ₹200 per share, and investors can place bids for a minimum lot of 600 shares.

3) Pelatro GMP
As of now, there is no Grey Market Premium (GMP) for Pelatro’s shares ahead of the issue opening.

4) About Pelatro
Pelatro is a global technology company offering a Customer Engagement Platform called mViva. The platform helps brands and companies better understand their customers’ behaviors and needs, improving engagement.

5) Industry Overview
The customer engagement solutions market for telecommunications and BFSI sectors was valued at $7,029.96 million in 2023. It is expected to grow to $16,125.38 million by 2033, with a compound annual growth rate (CAGR) of 8.4% from 2024 to 2033.

6) Pelatro Financial Performance
For the year ending March 2024, Pelatro reported total revenues of ₹54.99 crore and a loss of ₹1.95 crore.

7) Objectives of the IPO
The funds raised from the IPO will be used for capital expenditure, investment in its subsidiary, working capital, and general corporate purposes.

8) Lead Managers and Registrar
Cumulative Capital is the lead manager for this issue, while Bigshare Services is acting as the registrar.

9) Issue Structure
50% of the offer is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.

10) Important Dates
The IPO opened on September 16 and will close on September 19. The final share allotment is expected on September 20, with the shares likely to list on September 24.