Plada Infotech Services Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹12(25.00%)
Premium (ELP)
The public market debut of Plada Infotech Services Limited's was completed on Oct 13, 2023 with its listing on the NSE exchange. The IPO process raised 25,74,000 Shares in total capital, consisting of 25,74,000 Shares in new equity.
The offering featured a price range of ₹48 to ₹48 and minimum application size of 3000 shares. Investor response during the subscription period from Sep 29, 2023 to Oct 05, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Oct 10, 2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
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.
Incorporated in 2010, Plada Infotech Services Limited is a Business Process Outsourcing (BPO) company offering end-to-end solutions across merchant acquisition, field support, recruitment and payroll management, account management, and software services. The company provides merchant onboarding for banks, NBFCs, and startups, including engagement, documentation, training, and application processing. Its field support team manages installation, maintenance, and customer relationships, while payroll services are delivered via the Kundali platform. Plada operates 12 offices across India, employs over 1,400 staff, and also provides services remotely to additional cities.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Shailesh Kumar Damani
- Mr. Anil Mahendra Kotak
Plada Infotech Services Limited
Bigshare Services Private Limited