Pelatro SME IPO Opens for Subscription, IPO GMP stands at ₹0 (0.0%)

Pelatro’s SME IPO opens today and will close on September 19, targeting to raise around ₹56 crore with shares listed on the NSE SME platform.

IPO Size and Price Band
The company is offering 27.99 lakh shares, priced between ₹190 to ₹200 each. Investors can place bids starting with a lot of 600 shares.

Company Overview and Financial Performance
Pelatro offers the mViva Customer Engagement Platform, enhancing customer understanding. In the fiscal year ending March 2024, the company reported revenues of ₹54.99 crore with a loss of ₹1.95 crore.

IPO Allocation and Objectives
50% of shares are reserved for Qualified Institutional Buyers, 35% for retail investors, and 15% for non-institutional investors. The IPO aims to fund capital expenditure, subsidiary investments, and working capital.

Key Dates to Remember
The IPO opens on September 16 and closes on September 19, with allotment expected on September 20 and listing likely on September 24.