Telecom software company, Pelatro Limited, starts off with a fantastic listing on the NSE SME. The price jumped up to ₹275 per share-₹75 more than the issue price of ₹200, thus providing a 37.5% premium to the investors. Stocks scaled as high as ₹288.75 in days following listing, portraying good market interest.
Pelatro provides customer engagement solutions and data analytics for telecom operators. Cheers about the stock implies growing optimism towards technology-driven SMEs, particularly niche ones like that of telecom analytics.
It suggests a great deal of investor confidence in the prospects for growth of Pelatro. The fact that it was able to list at a premium also indicates that interest in innovative, exciting tech firms is increasing. Investors are now beginning to realize the critical role SMEs can play in new developments within the telecoms sector, particularly as telecoms seek more sophisticated solutions so as to better engage customers and make intelligent decisions based on data-driven information.