2 weeks Ago
National, September 16, 2024 We are a global technology business and have developed a comprehensive Customer Engagement Platform, i.e., mViva that empowers customer-centric interactions between enterprises or brands and its end users.
Our platform empowers enterprises to understand the behaviour and needs of their customers deeply with a view to enhance their engagement with end users. Our Customer Engagement Platform mViva collects and processes huge amounts of data for each enterprise on a daily basis across almost a billion consumers in 30 countries. mViva Customer Engagement Platform has various vertical solutions which are seamlessly integrated to form the platform, and offers products which include, Campaign Management Solution, Loyalty Management Solution, Lead Management Solution and Data Monetization Solution.
Pelatro Limited has announced its plan to go public with an Initial Public Offering (IPO) on September 16, 2024, aiming to raise up to ₹55.98 Cr) with shares to be listed on the NSE SME platform. The issue is Up To 27.
99 Lakh Shares equity shares at a face value of ₹ 10 each. Equity Share Allocation • Total Issue Size(Fresh Issue) : 2,799,000 (aggregating up to ₹55.98 Cr) Shares • Market Maker Quota : 140,400 Shares • QIB Quota (Including Anchor Reservation) : Not more than 50.
00% of the offer • Retail Quota : Not less than 35.03% of the Net Issue • NII9 (HNI) Quota : Not less than 15.00% of the Offer • Price Band : ₹190 to ₹ 200 • Lot Size : 600 Shares • IPO Size (at cap price) : ₹2,799,000 shares (aggregating up to ₹55.
98 Cr) • Pre-Issue No. of Shares : 7,607,663 shares • Post Issue No. of Shares : 10,406,663 Shares • Anchor day on : Friday Sept 13, 2024 • Issue Opens on : September 16, 2024 • Issue Closes on : September 19, 2024 • Tentative Listing Date : September 24,2024 Objects of the Issue (Pelatro IPO Objectives): The Company intends to utilize the proceeds of the issue to meet the following objectives: 1.
Funding capital expenditure requirement of our company towards; Purchase & Installation of IT equipment, computer hardware, server, and other ancillary equipment; 2. Investment in the subsidiary; 3. Funding the working capital needs of the company; and 4.
General corporate purposes. Cumulative Capital Private Limited is the book running lead manager of the Pelatro IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Pelatro IPO is Shree Bahubali Stock Broking.
Mr. Subash Menon said "We are delighted to announce our upcoming IPO on NSE Emerge Platform. Our platform has a prominent position in various markets and we are excited about taking our technology and products to new markets”.
About Pelatro Limited: Pelatro Limited offers a comprehensive customer engagement platform, mViva, which enables customer-centric interactions between companies or brands and their end users. As of May 31, 2024, the Customer Engagement Platform has been implemented or is in the implementation phase in 38 telecom networks in 30 countries, including India. Of these networks, 16 are in Asia, 5 in the Middle East, 15 in Africa, 1 in the Caribbean, and 1 in Europe.
The company's customer base includes telecommunications companies, including their subsidiaries and/or companies that are part of their group and operate in various countries around the world. The company has also started to target banks and financial companies. (Disclaimer: The above press release comes to you under an arrangement with HT Syndication and PTI takes no editorial responsibility for the same.
). PTI PWR PWR.
