Pelatro Limited IPO
Pelatro Limited IPO
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Pelatro Limited's successfully completed its Initial Public Offering and commenced trading on 24-09-2024 at the NSE exchange. The company raised 27,99,000 Shares through this public offering, comprising 27,99,000 Shares in fresh capital.
The IPO was priced within the band of ₹190 to ₹200, with minimum application lots of 600 shares. The offering attracted significant investor interest during its subscription period from 16-09-2024 to 19-09-2024.
Share allotment was finalized on 20-09-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Pelatro Limited IPO About Company
Pelatro Limited offers the mViva customer engagement platform, helping businesses improve customer interactions through advanced data analytics and intelligence. Its key solutions include Campaign Management, Loyalty Management, Lead Management, and Data Monetization. As of May 31, 2024, mViva was being used across 38 telecom networks in 30 countries, serving clients in telecom, banking, and finance. With its proprietary technology, scalable business model, and experienced team of 296 employees, Pelatro has built a strong global presence.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Pelatro Limited IPO Strength Factors
- Strong Customer Relationships: Pelatro keeps its key clients engaged with long-term subscription-based contracts, ensuring steady business.
- Steady Revenue Growth: The company’s revenue has consistently increased, growing from ₹40.75 crore in FY 2022 to ₹54.99 crore in FY 2024.
- Continuous Innovation: Pelatro is always improving and expanding its products to meet the rising demand for precision marketing solutions.
Pelatro Limited IPO Risk Factors
- Reliance on Key Clients: A large part of the company's revenue comes from a few long-term customers. Any changes in these relationships could impact its financial stability.
- Debt Challenges: With a rising debt-to-equity ratio (1.55 in FY 2024), the company could face financial risks if interest rates go up or cash flow decreases.
- Profitability Struggles: A negative return on equity (-15.48% in FY 2024) and shrinking profit margins indicate financial pressure and challenges in staying profitable.
Pelatro Limited IPO Lead Manager(s)
- Cumulative Capital Private Limited
Pelatro Limited IPO Promoter(s)
- Subash Menon
- Sudeesh Yezhuvath
- Kiran Menon
- Varun Menon
Pelatro Limited IPO FAQs
Pelatro Limited IPO subscribed 22.83 times. The public issue subscribed 13.06 times in the retail category,15.22times in QIB, and -- times in the HNI (10+) category byNovember 20, 2025 6:49:45 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Pelatro Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Pelatro Limited IPO FAQs
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