Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Pelatro IPO
Pelatro Ltd
₹1,14,000 /600 sharesMinimum Investment
Pelatro IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 16 Sep ‘24 - 19 Sep ‘24 | ₹1,14,000 | 600 | ₹190 - ₹200 |
| Issue Size | IPO Doc |
|---|---|
| 55.98Cr | RHP PDF |
Subscription rate
As of 19 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Employees | 0.00x |
| Total | 13.80x |
About Pelatro
Founded in
2013
Managing director
Mr. Subash Menon
Parent organisation
Pelatro Ltd
Strengths & Financials of Pelatro
Strengths
Risks
As of May 31, 2024, Pelatro's customer engagement platform has been deployed or is in the process of being deployed across 38 telecom networks in 30 countries, including India. The distribution of these networks includes 16 in Asia, 15 in Africa, five in the Middle East, and one each in the Caribbean and Europe.
The mViva platform is designed to be user-friendly, which is helpful to marketers who may lack technical expertise. This enables marketers to continuously innovate and enhance customer engagement practices.
Pelatro's platform features advanced machine and deep learning algorithms that provide real-time predictions and recommendations. The company claims that over time the precision of these algorithms has improved, which allowed for more targeted and personalised communications.
Through its subsidiary, Pelatro Pte, the company holds several registered patents.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 40.75 crore in FY22 to Rs 48.98 crore in FY23 to Rs 54.99 crore in FY24.
Pelatro relies on customers renewing their subscriptions and expanding their use of its platform to maintain and grow revenue. This requires the company to scale its platform infrastructure and business operations swiftly to meet increasing customer demands. Any failure to manage this growth could negatively impact the business’s operational and financial performance.
The company depends on a few products for revenue from operations. If these products fail to perform well in the market or are not accepted by customers, the company’s financial position could be adversely affected.
Pelatro’s top 10 customers contributed Rs 35.56 crore (48.70%), Rs 40.21 crore (82.09%), and Rs 40.75 crore (100%) of the revenue in FY24, FY23, and FY22, respectively. Any reduction in these customers or a decline in demand from them could negatively impact the company’s revenue generation.
In the financial year 2024, the company experienced a consolidated loss of Rs 1.96 crore.
Pelatro's operations are concentrated in limited geographical areas, majorly in Asia (which contributed 65.02%, 87.51%, and 93.53% in FY24, FY23, and FY22 to revenue) and Africa (which contributed 24.07%, 3.39%, and 2.91% in FY24, FY23, and FY22). Any decline in sales in these continents, any adverse developments in these locations, or the company failing to expand its business to other places could negatively impact its operations.
As of March 31, 2024, Pelatro has an outstanding secured loan of Rs 18.67 crore and unsecured loans totalling Rs 2.75 crore. Any inability to service or repay these loans could be detrimental to the company’s reputation.
Pelatro Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Pelatro IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹190 - 200 | ₹2 - 5 Lakh |
| Employee | ₹190 - 200 | ₹2 - 5 Lakh |
| High Networth Individual | ₹190 - 200 | ₹2 - 5 Lakh |
For Pelatro IPO, eligible investors can apply as Regular & Employee.