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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 ₹192.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,11,600 (600 shares). The minimum lot size investment for 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 Date | January 25, 2024 to January 30, 2024 |
| Listing Date | February 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹186 to ₹192 per share |
| Issue Price Final | ₹192 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹46.08 Cr) |
| Reserved for Market Maker | 1,22,400 shares Shreni Shares Ltd. (aggregating up to ₹2.35 Cr) |
| Fresh Issue (Ex Market Maker) | 16,77,600 shares (aggregating up to ₹32.21 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (aggregating up to ₹11.52 Cr) |
| Net Offered to Public | 22,77,600 shares (aggregating up to ₹43.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 73,10,000 shares |
| Share Holding Post Issue | 91,10,000 shares |
DelaPlex IPO offers total 24,00,000 shares. Out of which 11,38,200 (47.43%) allocated to QIB, 4,55,400 (18.98%) allocated to QIB, 3,42,000 (14.25%) allocated to NII, 7,97,400 (33.23%) allocated to RII and 6,82,800 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,22,400 (5.10%) |
| QIB Shares Offered | 11,38,200 (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 (14.25%) |
| Retail Shares Offered | 7,97,400 (33.23%) |
| Total Shares Offered | 24,00,000 (100.00%) |
DelaPlex IPO raises ₹13.11 crore from anchor investors. DelaPlex IPO Anchor bid date is January 24, 2024. DelaPlex IPO Anchor Investors list
| Bid Date | January 24, 2024 |
| Shares Offered | 6,82,800 |
| Anchor Portion Size (In Cr.) | 13.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 30, 2024 |
DelaPlex IPO opens on January 25, 2024, and closes on January 30, 2024.
| IPO Open Date | Thu, Jan 25, 2024 |
| IPO Close Date | Tue, Jan 30, 2024 |
| Tentative Allotment | Wed, Jan 31, 2024 |
| Initiation of Refunds | Wed, Jan 31, 2024 |
| Credit of Shares to Demat | Thu, Feb 1, 2024 |
| Tentative Listing Date | Fri, Feb 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 30, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,185.45 | 2,638.33 | 1,790.90 | 1,100.77 |
| Total Income | 2,814.28 | 5,521.81 | 5,034.06 | 3,633.30 |
| Profit After Tax | 425.53 | 790.72 | 611.87 | 404.00 |
| 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of DelaPlex IPO is ₹174.91 Cr.
| KPI | Values |
|---|---|
| ROE | 40.45% |
| ROCE | 56.73% |
| RoNW | 56.73% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.82 | 9.34 |
| P/E (x) | 17.75 | 20.55 |
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:
[Dilip Davda] The company is a global IT related solutions and service provider. It marked steady growth in its top and bottom lines for the reported periods. Based on annualized FY24 earnings, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | February 2, 2024 |
| BSE Script Code | |
| NSE Symbol | DELAPLEX |
| ISIN | INE0SK801018 |
| Final Issue Price | ₹192 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹192.00 |
| Open | ₹309.00 |
| Low | ₹293.55 |
| High | ₹324.45 |
| Last Trade | ₹324.45 |
DelaPlex Ltd.
554/31, Utkarsh Nagar,
Near K.T Nagar,
Katol Road,
Nagapur, Maharashtra, 440013
Phone: + 91 9766660249
Email: investor@delaplex.in
Website: https://delaplex.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
DelaPlex IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹46.08 Crores. The issue is priced at ₹192 per share. The minimum order quantity is 600.
The IPO opens on January 25, 2024, and closes on January 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 January 25, 2024 and closes on January 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 Thursday, February 1, 2024. Check the DelaPlex IPO allotment status.
The DelaPlex IPO listing date is on Friday, February 2, 2024.
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