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Vertexplus Technologies IPO is a book build issue of ₹14.20 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹14.20 crore.
Vertexplus Technologies IPO bidding started from Mar 2, 2023 and ended on Mar 6, 2023. The allotment for Vertexplus Technologies IPO was finalized on Mar 10, 2023. The shares got listed on NSE SME on Mar 15, 2023.
Vertexplus Technologies IPO price band is set at ₹96.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,09,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,30,400.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Prabhat Financial Services Ltd..
Refer to Vertexplus Technologies IPO RHP for detailed Information.
| IPO Date | March 2, 2023 to March 6, 2023 |
| Listing Date | March 15, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹96 per share |
| Issue Price Final | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,79,600 shares (aggregating up to ₹14.20 Cr) |
| Reserved for Market Maker | 74,400 shares Prabhat Financial Services Ltd. (aggregating up to ₹0.7142 Cr) |
| Net Offered to Public | 14,05,200 shares (aggregating up to ₹13.49 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 40,00,000 shares |
| Share Holding Post Issue | 54,79,600 shares |
Vertexplus Technologies IPO offers total 14,79,600 shares. Out of which 7,02,000 (47.45%) allocated to QIB, 2,86,800 (19.38%) allocated to QIB, 2,11,200 (14.27%) allocated to NII, 4,92,000 (33.25%) allocated to RII and 4,15,200 (28.06%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 74,400 (5.03%) |
| QIB Shares Offered | 7,02,000 (47.45%) |
| − Anchor Investor Shares Offered | 4,15,200 (28.06%) |
| − QIB (Ex. Anchor) Shares Offered | 2,86,800 (19.38%) |
| NII (HNI) Shares Offered | 2,11,200 (14.27%) |
| Retail Shares Offered | 4,92,000 (33.25%) |
| Total Shares Offered | 14,79,600 (100.00%) |
Vertexplus Technologies IPO raises ₹3.99 crore from anchor investors. Vertexplus Technologies IPO Anchor bid date is March 1, 2023. Vertexplus Technologies IPO Anchor Investors list
| Bid Date | March 1, 2023 |
| Shares Offered | 4,15,200 |
| Anchor Portion Size (In Cr.) | 3.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 8, 2023 |
Vertexplus Technologies IPO opens on March 2, 2023, and closes on March 6, 2023.
| IPO Open Date | Thu, Mar 2, 2023 |
| IPO Close Date | Mon, Mar 6, 2023 |
| Tentative Allotment | Fri, Mar 10, 2023 |
| Initiation of Refunds | Mon, Mar 13, 2023 |
| Credit of Shares to Demat | Tue, Mar 14, 2023 |
| Tentative Listing Date | Wed, Mar 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 6, 2023 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,15,200 |
| Retail (Max) | 1 | 1,200 | ₹1,15,200 |
| HNI (Min) | 2 | 2,400 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Vertexplus Technologies Limited is an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company. The company is engaged in consulting, outsourcing, infrastructure, and digital solutions and services.
Over the years, the company has gained experience across various industries and sectors. We collaborate with companies to fulfill their ever-evolving Information Technology needs and support their business with our enabling solutions to strengthen their current capabilities and build pathways for sustainable growth.
Vertexplus ensures quality and time delivery in the most cost-effective manner to determine the success of complex enterprise projects through five delivery models:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 989.70 | 1,963.92 | 61.23 | 380.37 | 379.37 | 209.55 |
| 31-Mar-21 | 1,103.71 | 2,025.61 | 104.98 | 487.15 | 486.15 | 227.40 |
| 31-Mar-22 | 1,308.76 | 2,132.04 | 186.05 | 673.11 | 273.11 | 279.15 |
| 30-Sep-22 | 1,599.17 | 1,091.71 | 91.26 | 807.62 | 407.62 | 360.61 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Vertexplus Technologies IPO is ₹52.60 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 28.83 |
The company intends to utilize the proceeds of the Issue to meet the following objects: -
[Dilip Davda] VTL is an IT solution service provider operating in a highly competitive segment. Based on its current financial data, the issue appears aggressively priced. A small equity base post-IPO also indicated longer gestation for migration to the mainboard. Well-informed/cash surplus investors may consider parking of funds for the long term. Read detail review...
| Listing Date | March 15, 2023 |
| BSE Script Code | |
| NSE Symbol | VERTEXPLUS |
| ISIN | INE0NLB01018 |
| Final Issue Price | ₹96 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹101.00 |
| Low | ₹101.00 |
| High | ₹106.05 |
| Last Trade | ₹106.05 |
Vertexplus Technologies Ltd.
B-19,
10-B Scheme,
Gopalpura Road
Jaipur, Rajasthan, 302018
Phone: +91 141 6622200 / 02
Email: support@vertexplus.com
Website: https://www.vertexplus.com/global/en/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Vertexplus Technologies IPO is a SME IPO of 14,79,600 equity shares of the face value of ₹10 aggregating up to ₹14.20 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on March 2, 2023, and closes on March 6, 2023.
Skyline Financial 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 Vertexplus Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Vertexplus Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vertexplus Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vertexplus Technologies IPO opens on March 2, 2023 and closes on March 6, 2023.
Vertexplus Technologies IPO lot size is 1200, and the minimum amount required for application is ₹1,15,200.
You can apply in Vertexplus Technologies 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 Vertexplus Technologies IPO will be done on Friday, March 10, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 14, 2023. Check the Vertexplus Technologies IPO allotment status.
The Vertexplus Technologies IPO listing date is on Wednesday, March 15, 2023.
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