23-Jan-2024
2 mins read
DelaPlex Limited IPO 2024 is open for subscription from Thursday, January 25, 2024 and will close on January 30, 2024 Tuesday. The price band is set at Rs 186 to Rs 192 per share. The minimum lot size of this application for the retail category is 600 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 1200 shares. The minimum amount of investment required for retail category investors is Rs 1,15,200. (192 x 600 shares). However for HNI category the minimum investment amount is required Rs 2,30,400 (192 x 600 shares). DelaPlex Limited IPO 2024 is a book-built issue of Rs 46.08 crores. The issue is a combination of Fresh issue and Offer for sale. The Fresh issue consists of 18 Lakh shares amounting to Rs 34.56 crores and Offer for sale of 6 lakh shares amounting to Rs 11.52 crores. The allotment for this IPO is expected to be finalized on Wednesday, January 31, 2024. DelaPlex IPO will list on NSE SME and listing date fixed on Friday, February 2, 2024. The book running lead manager of DelaPlex Limited is Shreni Shares Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the DelaPlex Limited IPO is Shreni Shares.
About DelaPlex Limited
DelaPlex is a digital transformation service providing company. It provides various tech solutions including software defined data centers, integrated infrastructure, cloud computing, data analytics, DevOps security solutions and artificial intelligence. Moreover, it also provides consulting services to help clients to achieve growth, revenue and marketplace value. DelaPlex Limited is a subsidiary of DelaPlex Inc. which holds 51% of company shares. In India, the company’s registered office is in Nagpur and it also has a presence in Pune, Hyderabad and Bengaluru. The company provides services in India, United States and Dubai. Company has a diversified client base from different industry sectors like Broadcasting, Petroleum, Retail, QSR’s, I.T, Hospitality, Telecom etc. DelaPlex believes that their diversified customer base will allow the company to decrease the sector concentrated risk.
Objectives of DelaPlex Limited Issue
The net proceeds from the fresh issue will be used to cover the advertisement, sales and marketing expenses to create awareness. Moreover, the funds will also be used to meet the working capital requirement. Other than this, the proceeds from the issue will fund the capital expenditure requirements of the company. The capital expenditure like the purchasing of office laptops etc. The other objective of this issue is financing of General Corporate Purposes.
Financial Performance of DelaPlex Limited
DelaPlex Limited’s revenue increased by 9.69% and profit after tax increased by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 3,185.45 | 2,638.33 | 1,790.90 | 1,100.77 |
| Revenue | 2,814.28 | 5,521.81 | 5,034.06 | 3,633.30 |
| Profit After Tax | 425.53 | 790.72 | 611.87 | 404 |
| Net Worth | 2,775.58 | 2,350.05 | 1,559.32 | 947.45 |
| Reserves and Surplus | 2,774.58 | 2,349.05 | 1,558.32 | 946.45 |
| Amt in Lakhs |
Other Important Details of DelaPlex Limited IPO
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | 2-Feb-24 |
| Face Value | ₹10 per share |
| Price Band | ₹186 to ₹192 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,400,000 shares (amounting to Rs 46.08 Cr) |
| Fresh Issue | 1,800,000 shares (amounting to Rs 34.56 Cr) |
| Offer for Sale | 600,000 shares of ₹10 (amounting to ₹11.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 7,310,000 |
| Shareholding post issue | 9,110,000 |
| Market Maker portion | 122,400 shares Shreni Shares |
Lot Size of DelaPlex Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | Rs 1,15,200 |
| Retail (Max) | 1 | 600 | Rs 1,15,200 |
| HNI (Min) | 2 | 1,200 | Rs 2,30,400 |
IPO Reservation of DelaPlex Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Promoters of DelaPlex Limited IPO
The Promoters of the Company are Mr. Nitin Sachdeva, Mr. Manish Iqbalchand Sachdeva, Mr. Mark T. River, Ms. Preeti Sachdeva.
Promoter Holdings of DelaPlex Limited IPO 2024
| Shareholding Pre Issue | 100% |
| Shareholding Post Issue | 73.76 |
Anchor Investors Details of DelaPlex Limited IPO 2024
| Bid Date | 24-Jan-24 |
| Shares Offered | 682,800 |
| Anchor Portion Size (In Cr.) | 13.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | 14-Mar-24 |
| Anchor lock-in period end date for remaining shares (90 Days) | 13-Jun-24 |
Key Performance Indicator of DelaPlex Limited IPO 2024
The market capitalization of DelaPlex Limited Rs 174.91 crore.
| KPI | Values |
| ROE | 40.45% |
| ROCE | 56.73% |
| RoNW | 56.73% |
| P/BV | 0 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 10.82 | 9.34 |
| P/E (x) | 17.75 | 20.55 |
Lead Manager(s) of DelaPlex Limited IPO 2024
The lead manager for DelaPlex Limited IPO is Shreni Shares Limited (Past IPO Performance)
How to Apply for DelaPlex Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the DelaPlex Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of DelaPlex Limited IPO 2024
The registrar for DelaPlex Limited IPO is Bigshare Services Private Limited. To check your allotment status, please click on this link https://www.bigshareonline.com/ipo_Allotment.html
FAQs
- What is DelaPlex Limited IPO 2024?
DelaPlex Limited IPO 2024 is a book-built issue of Rs 46.08 crores. The issue is a combination of Fresh issue and Offer for sale. The Fresh issue consists of 18 Lakh shares amounting to Rs 34.56 crores and Offer for sale of 6 lakh shares amounting to Rs 11.52 crores.
- Who are the lead managers for the DelaPlex Limited IPO 2024?
Shreni Shares Limited are appointed as the lead managers for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for the DelaPlex Limited handling the IPO’s administrative aspects.
- How can I apply for the DelaPlex Limited IPO 2024?
The public subscription of this IPO has already begun. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from the fresh issue will be used to cover the advertisement, sales and marketing expenses to create awareness. Other than this, funds will be used to meet the working capital requirements and funding of capital expenditure.
- How can I check the allotment status of the IPO?
You can check the allotment status of the DelaPlex Limited IPO 2024 by visiting https://www.bigshareonline.com/ipo_Allotment.html
- What is the financial performance of DelaPlex Limited?
DelaPlex Limited’s revenue increased by 9.69% and profit after tax increased by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.