Pelatro IPO share allotment likely today: Steps to check status on NSE, Bigshare Services

Pelatro Limited IPO share allotment status is expected to be finalised on Friday, September 20. The NSE SME issue closed with a strong demand on the last day of subscription on September 19.

The Pelatro IPO received bids for more than 4.17 crore shares against 18.76 lakh shares offered, resulting in an overall subscription of 22.24 times. The Pelatro IPO was booked 55.68 times in the Non-Institutional Investors’ (NIIs) category, and the retail quota was booked 13.05 times. The Qualified Institutional Buyers (QIBs) booked their segment 15.21 times. The company's employees applied for 51,000 shares.

Investors who participated in the Pelatro IPO subscription can check the share allotment status online on the websites of the registrar, Bigshare Services Pvt Ltd, and the NSE.

Steps to check Pelatro IPO share allotment status on NSE

• Visit the NSE IPO allotment status page on the NSE website: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with your username and password. The investors need to register on the NSE website before checking the IPO allotment status.
• Select Pelatro from the drop-down menu.
• Verify your PAN details
• Type in your IPO application Number.
• Click submit and your allotment details will be shown on the screen

Here’s how to check Pelatro IPO share allotment on the registrar's website

• Open the official website of Bigshare Services https://ipo.bigshareonline.com/IPO_Status.html
• Visit the ‘Company Selection’ section and choose Pelatro Limited.
• In the ‘Selection Type’ dropdown menu, select either of these options— Application Number, Beneficiary ID, or PAN.
• Type in the details of your Application Number/Beneficiary ID/PAN
• Complete the captcha verification
• Click the ‘Search’ button to view your allotment status

It’s important to note that the name of the company will only appear once share allocation is finalised.

After finalising the share allotment status of Pelatro IPO, the company will initiate refunds for non-allottees on Friday, September 20. Shares will be credited to the Demat accounts of successful bidders on Monday, September 23. Pelatro shares are scheduled to be listed on the NSE SME platform Emerge on Tuesday, September 24.

Pelatro IPO details

The ₹55.98-crore initial public offering of Pelatro Limited consisted of a fresh issue of 27.99 lakh shares. Pelatro IPO price band was fixed at ₹190 to ₹200 per share. The minimum lot size for retail investors was fixed at 600 shares, aggregating to an investment of ₹1,20,000.

Pelatro IPO objective

The company plans to use the proceeds of the public issue to purchase and install IT equipment, computer hardware, servers, and other ancillary equipment. A portion of the proceeds will be invested in the company’s subsidiary. The funds will also be used to meet the company's working capital needs and for general corporate purposes.

About Pelatro Limited

Pelatro Limited offers a customer engagement platform called mViva to its clients. The platform enables customer-centric interactions between companies and their end users. The company provides services such as data collection, analytics, intelligence gathering, audience selection, configuration, execution and reporting. Pelatro mainly offers business solutions for customer engagement to corporate clients.