The Plada Infotech Services IPO started on September 29, 2023, and ended on October 5, 2023. Shares were allocated on October 10, 2023, and refund processes began on October 11, 2023. On October 12, 2023, the shares were credited to investors demat accounts. Plada Infotech Services was officially listed on the stock exchange on October 13, 2023.
During the IPO, Plada Infotech Services offered shares at a price range of ₹48 per share, and the lot size was 3000 shares. The total issue size was ₹12.36 crores, with ₹12.36 crores from new shares. The IPO was listed on both the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB) and 50% were set aside for retail investors.
Plada Infotech IPO Subscription Update Video
Plada Infotech Services IPO Subscription Status
The Plada Infotech Services IPO on September 29, 2023 was subscribed times, with the retail category being subscribed times, the other category being subscribed times.
| Category | Subscription |
| Other | x |
| Retail | x |
| Total | x |
Plada Infotech Services IPO Basic Details
| Company Name | Plada Infotech Services Limited |
| Domain of Company | Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak |
| Plada Infotech Services IPO Open Date | September 29, 2023 |
| Plada Infotech Services IPO Close Date | October 5, 2023 |
| Plada Infotech Services IPO Allotment Date | October 10, 2023 |
| Plada Infotech Services IPO Listing Date | October 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹48 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,574,000 shares of ₹10 (aggregating up to ₹12.36 Cr) |
| Fresh Issue | 2,574,000 shares of ₹10 (aggregating up to ₹12.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Shailesh Kumar Damani and Mr. Anil Mahendra Kotak |
About Plada Infotech Services Limited
Plada Infotech Services Limited was founded in 2010, and we specialize in providing Business Process Outsourcing (BPO) services customized to meet our clients’ specific needs.
Our company offers a wide range of services, including recruitment and payroll management, merchant acquisition, field support, software solutions, seller onboarding, and account management for our clients.
Here’s a breakdown of what we do:
- Merchant Acquisition: We help banks, NBFCs, and startups (both domestic and multinational companies) by acquiring and onboarding new merchants. Our services cover everything from lead-based visits to cold calls. We take care of the entire process, from merchant engagement and activation to documentation, training, and establishment. We also handle application processing, from KYC to TID generation, and provide automated lead management tools and the M-Reporter Application for sales tracking and productivity management.
- Field Support: Our field service management involves dispatching technicians, workers, or contractors to locations outside our company premises. They install, maintain, or repair equipment, systems, or assets. Additionally, our professionals manage teams, assign tasks, prepare reports, and maintain customer relationships.
- Recruitment & Payroll Management: We offer comprehensive payroll management services, catering to banks and corporates. Our platform, Kundali, handles end-to-end payroll management for our clients.
- Account Management: We manage processes and compliance related to merchant engagement and activation, data security, merchant acquisition, and program implementation on behalf of our clients.
At present, Plada Infotech Services employs over 1400 people across the country, operating from 12 offices in 12 cities, with additional cities being served remotely.
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Plada Infotech Services IPO FAQs
What is the start and end date of Plada Infotech Services IPO Subscription?
The Plada Infotech Services IPO started on September 29, 2023, and ended on October 5, 2023.
When does Plada Infotech Services IPO Subscription open?
The Plada Infotech Services IPO open on September 29, 2023.
When does Plada Infotech Services IPO Subscription close?
The Plada Infotech Services IPO Close on October 5, 2023.
What is the allotment date of Plada Infotech Services IPO?
The allotment date for Plada Infotech Services IPO is October 10, 2023.
When is the initial refund date of Plada Infotech Services IPO?
The initial Refund date for Plada Infotech Services IPO is October 11, 2023.
When were the shares credited to investors demat accounts for the Plada Infotech Services IPO?
The shares for the Plada Infotech Services IPO were credited to investors demat accounts on October 12, 2023.
When will Plada Infotech Services IPO be listed on the stock market?
Plada Infotech Services IPO stock market will be listed on October 13, 2023 at 10 am.
What was the price range of the Plada Infotech Services IPO shares?
The Plada Infotech Services IPO shares were offered at a price range of ₹48 per share.
What was the lot size for the Plada Infotech Services IPO shares?
The lot size for the Plada Infotech Services IPO shares was 3000 shares.
What was the total issue size of the Plada Infotech Services IPO?
The total issue size of the Plada Infotech Services IPO was ₹12.36 crores.
How were the shares allocated among different types of investors for the Plada Infotech Services IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Plada Infotech Services IPO listed?
The Plada Infotech Services IPO was listed on the NSE SME.
What is the Plada Infotech Services IPO Subscription Status?
Plada Infotech Services IPO is subscribed Times.
