Plada Infotech Services Limited

About the company

## **About the Plada Infotech Services Limited IPO :** Incorporated in 2010, Plada Infotech Services Limited specialises in providing tailored Business Process Outsourcing (BPO) services to clients. Their focus is on exceeding delivery standards and using the latest technology and best practices. They have a skilled team offering a wide range of services across India, with a significant presence in Maharashtra and Tamil Nadu. The company operates exclusively in India and maintains well-defined business agreements with clients, emphasising a stable and direct workforce. Their services include Account Management, Merchant Acquisition, Field Support, E-commerce Solutions, Business Correspondence, Recruitment and Payroll Management Software, and Technology Development. They aim to streamline business processes, extend services to off-site locations, and provide software solutions for HR and payroll management. Now, Plada Infotech Services Limited is coming out with its initial public offer (IPO).The Company proposes to utilize the funds which are being raised towards funding 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 our Company; 4. General Corporate Purposes; 5. To meet the issue expenses ## **Here are key details about the Plada Infotech Services Limited IPO :** Company Name| Plada Infotech Services Limited   |  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   29 Sept 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   05 Oct 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   01 Oct 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   10 Oct 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   09 Oct 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   13 Oct 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.