Pelatro IPO

Pelatro Ltd

₹1,14,000 /600 sharesMinimum Investment

Pelatro IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 Sep ‘24 - 19 Sep ‘24₹1,14,000600₹190 - ₹200
Issue SizeIPO Doc
55.98Cr
RHP PDF

Subscription rate

As of 19 Sep'24, 05:00 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Employees0.00x
Total13.80x

About Pelatro

Pelatro is a technology enterprise that has developed the mViva customer engagement platform. This platform assists brands and enterprises to interact with their end users by understanding customer behaviour and needs. The company’s core product portfolio includes campaign management, loyalty management, lead management, and data monetisation solutions. All of these are integrated into mViva. The company's client base primarily consists of telecommunication companies and their subsidiaries or group companies that operate internationally. Pelatro also offers a range of managed services encompassing business consulting, business operations, and IT operations.;
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 asPrice bandApply Range
Regular190 - 200₹2 - 5 Lakh
Employee190 - 200₹2 - 5 Lakh
High Networth Individual190 - 200₹2 - 5 Lakh
For Pelatro IPO, eligible investors can apply as Regular & Employee.