Plada Infotech Services Limited IPO

Incorporated in 2010, Plada Infotech Services Limited specializes in delivering comprehensive Business Process Outsourcing (BPO) services tailored to our clients’ specific needs.

The company provides a wide range of services ranging from recruitment & payroll management, merchant acquisition, field support, software solutions, seller onboarding, and account management to clients.

Following is an illustrative list of the business operations and the services that Plada provides:

  1. Merchant Acquisition: The company acquires and on-boards new merchants for Banks, NBFCs, and Startups (both Domestic and Multinational Companies). Plada’s merchant acquisition services extend from lead-based visits to cold calls. The Company ensures end-to-end services for the clientele including Merchant engagement its activation, documentation, training, and establishment, Application Processing From KYC to TID generation, Automated Lead Management Tool, and M-Reporter Application for Sales to track and manage productivity.
  2. Field Support: Field service management typically involves dispatching technicians, workers, or contractors to a location outside company premises to install, maintain, or repair equipment, systems, or assets. In addition, these professionals manage the team, assign tasks, prepare reports, and maintain customer relationships.
  3. Recruitment & Payroll Management: Plada offers Payroll Management services as a complete and integrated solution. The clients comprise Banks & Corporates for whom end-to-end payroll management is done through the platform Kundali.
  4. Account Management: Account management involves managing the processes and compliances associated with merchant engagement & activation, data security, merchant acquisition, and implementation of programs on behalf of the client.

Plada Infotech Services employs over 1400 employees across the country and presently operates through 12 offices in 12 cities with other cities being serviced remotely.

 

Company Financials

Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets2,711.292,760.032,720.302,811.09
Revenue5,068.204,460.864,887.396,275.12
Profit After Tax119.9366.71109.87233.82
Net Worth342.60408.44518.10752.70
Reserves and Surplus341.60407.44498.10552.70
Total Borrowing1,989.851,952.591,771.671,654.13
Amount in ₹ Lakhs
 

Objects of the Issue (Plada Infotech Services IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To meet the working capital requirements.
  2. To purchase Laptops and Accessories for IT Development.
  3. Repayment and/or prepayment in part or in full, of certain outstanding loans of the Company.
  4. General Corporate Purposes.
  5. To meet the issue expenses.

Plada Infotech Services IPO Timeline (Tentative Schedule)

Plada Infotech Services IPO opens on September 29, 2023, and closes on October 5, 2023.

IPO Open DateFriday, September 29, 2023
IPO Close DateThursday, October 5, 2023
Basis of AllotmentTuesday, October 10, 2023
Initiation of RefundsWednesday, October 11, 2023
Credit of Shares to DematThursday, October 12, 2023
Listing DateFriday, October 13, 2023
Cut-off time for UPI mandate confirmation5 PM on October 5, 2023

SHARIAH SCREENING for - Plada Infotech Services Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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