Platinumone Business Services Limited IPO

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i. Company is engaged in the business of providing Business Process Management Services. Business Process Management Services (BPMS) has an endless reach in the today’s market. India’s cost competitiveness in providing IT services, which is approximately 3-4 times cheaper than the US, continues to be the mainstay of its Unique Selling Proposition (USP) in the global sourcing market. Since BPMS being an endless market, it has focused on special area in BPMS which is Customer Acquisition.

ii. Company provide services to mid-size and large corporates to fulfil their Customer Acquisition needs.  Company provide services in various industries namely FMCG, Real Estate, Furniture, Insurance, Consumer Durables etc. Its tailor-made solutions offers customized engagement models to facilitate the ease of doing their business. Company provide processes like Lead Conversion, Customer Care, Channel Management, Lead Generation and Loyalty Program being delivered through their Call Centres. Additionally, Sales Enablement as a service delivered through a Team of Domain Experts empowering Sales Partners face to face or digitally.

iii. It has a dedicated team of professionals comprising of experienced personnel in every Industry. PlatinumOne is an Outsourcing company with most processes like Lead Conversion, Customer Care, Channel Management, Lead Generation and Loyalty Program being delivered through their Call Centres. Additionally, Sales Enablement as a service delivered through a Team of Domain Experts empowering Sales Partners face to face or digitally.


Competitive Strengths
i. Quality Service
ii. Experienced Management Team
iii. Superior Process Solutions

Objects of the Platinumone Business Services Limited IPO:

The Issue includes a fresh Issue ₹388.61 Lakh. i. To Meet working capital requirement ii. General Corporate Purposes
DRHP of Platinumone Business Services Limited IPO
RHP of Platinumone Business Services Limited IPO

Platinumone Business Services Limited IPO Details:

Open Date: Sep 02 2021
Close Date: Sep 07 2021
Total Shares: 422,400
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price
Issue Size: 3.89 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 92 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 16 2021

Promoters And Management:

i. Mr. Amey Narendra Saxena, aged 48 years, is the Promoter and Managing Director of the Company. He is one of the founders of PlatinumOne Group. He has done his Bachelor of Engineering from University of Bombay in the year 1995 and Post Graduate Diploma in Computer Aided Management from Indian Institute of Management, Calcutta in the year 1997. He is also an IRDA Certified Broker and having Balanced Scorecard Professional, also is Certified Executive Coach. He has more than two decades of work experience including experience in Corporates and Entrepreneurship. Currently, he is responsible for the overall operations of the Company. ii. Mr. Ratul Lahiri, aged 43 years, is the Promoter, Executive Director of the Company. He is one of the founders of PlatinumOne Group. He has done his B.A. in Economics from Rabindra Bharati University, Calcutta in the year 1998 and Post Graduate Diploma with specialisation in Marketing from Amity Business School, Noida. He has 20 years of work experience. He has worked in corporate for 7 years and in 2008 ventured into entrepreneurship. A seasoned entrepreneur for the last 13 years with businesses spread across BPO, Insurance Broking and Sales consulting & training. Currently, he is responsible for the overall operations of the Company. iii. Mr. Vivek Yogendra Kumar, aged 45 years, is the Promoter, Executive Director and Chief Financial Officer of the Company. He is one of the founders of PlatinumOne Group. He has done his B.Sc Engineering (Chemical)from Aligarh Muslim University in the year 1998 and Post-Graduation in Master of Business Economics from Devi Ahilya Vishwavidyalaya, Indore in the year 2000. He has more than two decades of work experience in Sales Performance Improvement, Sales Strategy & Planning, Sales PlatinumOne Business Services Limited 102 Training & Sales Management. He has worked with sales professionals across diverse industries including Banking & Financial Services, Health Care, IT & ITES, e-Commerce, Telecom, Travel, Retail and Education.

Financials of Platinumone Business Services Limited IPO:

Particulars (in Lakhs) Mar 21 Mar 20 Mar 19
Revenue 2,014 2,609 1,837
Employee Benefit Expenses 1,044 1,464 1,037
Other Expenses 715 737 455
Operating Profit 255 408 345
OPM % 12.65% 15.62% 18.78%
Other Income 6.65 9.46 2.49
Depreciation & Amortisations 48 56.03 52.43
Financial Cost 61 78.98 45.13
Profit Before Tax 152 282.01 250
Profit After Tax 108 204.32 175.66
 

Comparison With Peers:

Companies Face Value PE Ratio NAV Total Revenue (Lakhs) RoNW EPS
Allsec Technologies Ltd. 10 30.24 92.27 18,865.00 10.21 10.48
Firstsource Solutions Ltd. 10 30.85 29.77 1,32,474.00 16.88 5.38
eClerx Services Ltd. 10 16.44 300.49 1,19,740.00 19.05 67.29

Recommendation on Platinumone Business Services Limited IPO:

Review and Recommendation of Platinumone Business Services Limited IPO by InvestorZone is 2/10. 1. There is no moat in the business. The company is simply a call-center. 2. LM has compared Platinumone business with likes of First-Source and e-Clerx which are very big companies and have multiple business model. 3. The revenue growth is not stable in the last 3 years. 4. The IPO looks fully-priced and nothing much left for investors.

Lead Manager of Platinumone Business Services Limited IPO:

  1. Gretex Corporate Services Private Limited

Registrar of Platinumone Business Services Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Platinumone Business Services Limited Unit No. 0907 & 0908, Lodha Supremus II Plot No. F-4 & F-4/1, Rd No.22 Wagle Estate, Thane - 400604 Phone: +91 – 9152018640 Email: info@platinumone.co.in Website: http://www.platinumone.in/

Discussion on Platinumone Business Services Limited IPO:

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