Bookbuilding IPO | ₹46 Cr | Listed at NSE SME | Thu, Jan 25, 2024 - Tue, Jan 30, 2024
DelaPlex IPO is a book build issue of ₹46.08 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to ₹34.56 crores and offer for sale of 0.06 crore shares aggregating to ₹11.52 crores.
DelaPlex IPO bidding started from Jan 25, 2024 and ended on Jan 30, 2024. The allotment for DelaPlex IPO was finalized on Jan 31, 2024. The shares got listed on NSE SME on Feb 2, 2024.
DelaPlex IPO price band is set at ₹192 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,15,200 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,30,400.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to DelaPlex IPO RHP for detailed Information.
IPO Open
Thu, Jan 25, 2024
IPO Close
Tue, Jan 30, 2024
Issue Price
₹192 per share
Market Cap (Pre-IPO)
₹174.91 Cr
| IPO Date | 25 to 30 Jan, 2024 |
| Listed on | Fri, Feb 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹186 to ₹192 |
| Issue Price | ₹192 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹46 Cr) |
| Reserved for Market Maker | 1,22,400 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 16,77,600 shares (agg. up to ₹32 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (agg. up to ₹12 Cr) |
| Net Offered to Public | 22,77,600 shares (agg. up to ₹44 Cr) |
| Share Holding Pre Issue | 73,10,000 shares |
| Share Holding Post Issue | 91,10,000 shares |
| NSE Symbol | DELAPLEX |
| ISIN | INE0SK801018 |
DelaPlex IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,77,600 shares, after excluding 1,22,400 shares allotted on a firm basis. Of the Net offer 11,38,200 (49.97%) are allocated to QIB, 3,42,000 (15.02%) allocated to NII 7,97,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 11,38,200 | 49.97% | 47.43% |
| − Anchor Investor Shares Offered | 6,82,800 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 4,55,400 | 18.98% | |
| NII (HNI) Shares Offered | 3,42,000 | 15.02% | 14.25% |
| Retail Shares Offered | 7,97,400 | 35.01% | 33.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,22,400 | 5.10% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,15,200 |
| Retail (Max) | 1 | 600 | ₹1,15,200 |
| HNI (Min) | 2 | 1,200 | ₹2,30,400 |
DelaPlex IPO raises ₹13.11 crore from anchor investors. DelaPlex IPO Anchor bid date is January 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 24, 2024 |
| Shares Offered | 6,82,800 |
| Anchor Portion (₹ Cr.) | 13.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Apr 30, 2024 |
Incorporated on February 12, 2004, DelaPlex Limited is a subsidiary of delaPlex INC., which is a U.S.-based enterprise. DelaPlex INC. holds 51% of the company's shares. The Company provides technology and software development solutions and consulting services to help clients achieve growth, revenue, and marketplace value.
The company also provides various tech solutions including software-defined data centers, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and artificial intelligence.
The company's test engineers hold ISTQB Gold certification, and its information security management system is ISO/IEC 27001:2022 certified. The company also complies with the requirements of ISO 9001:2015 for its Quality Management System.
The company's registered office is in Nagpur, with additional presence in Pune, Hyderabad, and Bengaluru.
The company provides services in India as well as in USA, and Dubai (UAE).
As of September 30, 2023, and for the financial year ended 2023, 2022 and Fiscal 2021, the company's revenue from operations was respectively ₹ 2,337.75 Lakhs, and ₹ 4,283.60 Lakhs, ₹ 4,014.73 Lakhs and ₹ 3,214.45 Lakhs was derived from sales outside of India.
As of September 30th, 2023, the company has a total of 300 personnel, with 286 employees on our payroll and 14 contractors responsible for the day-to-day business operations, administrative, secretarial, legal and accounting functions according to their respective designated duties.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 31.85 | 26.38 | 17.91 | 11.01 |
| Total Income | 28.14 | 55.22 | 50.34 | 36.33 |
| Profit After Tax | 4.26 | 7.91 | 6.12 | 4.04 |
| NET Worth | 27.76 | 23.50 | 15.59 | 9.47 |
| Reserves and Surplus | 27.75 | 23.49 | 15.58 | 9.46 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | APAC – Advertisement, Sales and Marketing expenses towards enhancing the awareness | 4.16 |
| 2 | Funding of capital expenditure requirements of our Company towards purchase of Office equipment | 0.65 |
| 3 | Funding Working Capital Requirements of our Company | 13.34 |
| 4 | General corporate purposes and unidentified inorganic acquisition | 10.08 |
| KPI | |
|---|---|
| ROE | 40.45% |
| ROCE | 56.73% |
| RoNW | 56.73% |
| PAT Margin | 14.64% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.82 | 9.34 |
| P/E (x) | 17.75 | 20.55 |
| Promoter Holding | 100% | 73.66% |
| Market Cap | ₹174.91 Cr. |
The DelaPlex IPO is subscribed 177.8 times on January 30, 2024 7:30:00 PM (Day 3). The public issue subscribed 159.91 times in the retail category, 90.91 times in the QIB category, and 335.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 90.91 | 4,55,400 | 4,14,01,800 |
| NII* | 335.23 | 3,42,000 | 11,46,48,000 |
| Retail | 159.91 | 7,97,400 | 12,75,10,200 |
| Total | 177.8 | 15,94,800 | 28,35,60,000 |
Total Application : 2,12,517
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 2.00 |
| 2 | Brokerage, selling, commission and upload fees | 0.00 |
| 3 | Registrar to the Offer | 0.02 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and Marketing expenses | 1.12 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, consultancy, peer review auditor etc.) | 3.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹192.00 |
| Open | ₹309.00 |
| Low | ₹293.55 |
| High | ₹324.45 |
| Last Trade | ₹324.45 |
Lead Manager Reports
DelaPlex IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹46 Crores. The issue is priced at ₹192 per share. The minimum order quantity is 600.
The IPO opens on Thu, Jan 25, 2024, and closes on Tue, Jan 30, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in DelaPlex IPO using UPI as a payment gateway. Zerodha customers can apply in DelaPlex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DelaPlex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DelaPlex IPO opens on Thu, Jan 25, 2024 and closes on Tue, Jan 30, 2024.
DelaPlex IPO lot size is 600, and the minimum amount required for application is ₹1,15,200.
You can apply in DelaPlex IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for DelaPlex IPO will be done on Wednesday, January 31, 2024, and the allotted shares will be credited to your demat account by Thu, Feb 1, 2024. Check the DelaPlex IPO allotment status.
The DelaPlex IPO listing date is on Fri, Feb 2, 2024.
