Plada Infotech Shares Debut on NSE SME with a 22.9% Premium

Plada Infotech Shares Debut on NSE SME with a 22.9% Premium
Plada Infotech Shares Debut on NSE SME with a 22.9% Premium
Plada Infotech Shares Debut on NSE SME with a 22.9% Premium
Plada Infotech Shares Debut on NSE SME with a 22.9% Premium

Plada Infotech Shares Debut on NSE SME with a 22.9% Premium

Plada Infotech Shares Debut on NSE SME with a 22.9% Premium

Plada Infotech Shares Debut on NSE SME with a 22.9% Premium

A Positive Listing for Plada Infotech on NSE SME

Plada Infotech shares marked a promising debut on the NSE SME platform today. The Plada Infotech share price was listed at ₹59 per share, which is a remarkable 22.9% higher than the issue price of ₹48.

IPO Subscription and Details

Plada Infotech’s IPO subscription period spanned from Friday, September 29, to Thursday, October 5. The company had set the issue price at ₹48 per share. Investors had the option to bid for a minimum of 3000 shares and in multiples thereof. Plada Infotech’s promoters are Shailesh Kumar Damani and Anil Mahendra Kotak.

Utilization of IPO Proceeds

The Plada Infotech IPO, with a total worth of ₹12.36 crore, comprised only a fresh issue of 2,574,000 equity shares, with no offer for sale (OFS) component. The net proceeds from the IPO will be allocated for various purposes, including meeting working capital needs, procuring laptops and related IT development items, partially or fully repaying outstanding loans, covering general corporate expenses, and managing issue-related costs.

Key Players in the IPO Process

Plada Infotech Services IPO has Bigshare Services Pvt Ltd as the registrar, while Indorient Financial Services Ltd is the book running lead manager. Nikunj Stock Brokers serves as the market maker for Plada Infotech Services IPO.

Plada Infotech: A BPO Specialist

Plada Infotech Services Limited specializes in offering comprehensive Business Process Outsourcing (BPO) solutions tailored to the specific requirements of its clients. Their services encompass a wide spectrum, including account management, merchant acquisition, field assistance, software solutions, seller onboarding, recruitment, and payroll administration.

Grey Market Premium (GMP) and Listing Price Estimate

The grey market premium (GMP) for Plada Infotech IPO currently stands at +7 per share, indicating that Plada Infotech Services shares are trading at a premium of ₹7 in the grey market. This suggests investors’ willingness to pay more than the issue price.

Considering the upper end of the IPO price band and the current GMP, the estimated listing price for Plada Infotech shares is ₹55 per share. This is approximately 14.58% higher than the IPO price of ₹48, highlighting strong investor interest in the company.

The successful debut and the positive GMP signal a bright start for Plada Infotech in the market.

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