Shares of Plada Infotech made a strong debut, listing at a 23% premium

Plada Infotech Services Limited is determined to supply customized Business Process Outsourcing services to its clients in India. Plada Infotech stakes created a positive debut on NSE SME today. On NSE SME, Plada infotech stakes created a cheerful debut today. On NSE, SME, Plada infotech share cost today was listed at ₹59 each share, 22.9% more elevated than the issue worth of ₹48. Since then news has come on the internet, and many people are super curious to know about the whole information about it. We have more information about the news and will share it with you in this article.

Shares of Plada Infotech

Plada Infotech IPO unlocked for subscription on Friday, 29 September 2023 and shut on Thursday,5 October 2023. The company set the cost band at ₹48 per share. Investors bid for a minimum of 3000 stakes and in multiples thereof. The supporters of the company are Shailesh Kumar Damani and Anil Mahendra Kotak. Currently, this news has been gaining huge attention from the people and now lots of people are super curious to know about the Plada Infotech IPO details. You are on the right page for more information about the news, so please read the complete article.

Plada Infotech IPO details

Plada Infotech IPO’s cost ₹12.36 crore, has been totally a new issue of 2,574,000 equity shares; there has been no offer for sale (OFS) component. The net profits of the issue are going to be used by the firm to finance the following goals, meeting working capital needs, buying laptops and connected items for IT development, and partly or fully repaying special loans, general corporate purposes, and issue expenses. Bigshare Services Pvt Ltd is the registrar of the Plada Infotech Services IPO, and Indorient Financial Services Ltd is the book-running lead manager. Nikunj Stock Brokers has been the market maker for Plada Infotech Services IPO.Scroll down to the next page for more information about the news.

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Plada Infotech IPO GMP today

Plada Infotech IPO GMP today or grey market premium is +7 each share. This shows that Plada Infotech Services’ share cost had been trading at a premium of ₹7 in the grey market on Friday. Considering the upper end of the IPO cost band and the recent premium in the grey market, the calculated listing worth of Plada Infotech share cost was ₹55 apiece, which is 14.58% more elevated than the IPO price of ₹48. Here we have shared all the information that we had. Stay tuned to us for more updates.

Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.