Bookbuilding IPO | ₹14 Cr | Listed at NSE SME | Thu, Mar 2, 2023 - Mon, Mar 6, 2023
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,15,200 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 2, 2023
IPO Close
Mon, Mar 6, 2023
Issue Price
₹96 per share
Market Cap (Pre-IPO)
₹52.60 Cr
| IPO Date | 2 to 6 Mar, 2023 |
| Listed on | Wed, Mar 15, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 |
| Issue Price | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,79,600 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 74,400 shares Prabhat Financial Services Ltd. (agg. up to ₹0.7142 Cr) |
| Fresh Issue (Ex Market Maker) | 14,05,200 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 14,05,200 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 40,00,000 shares |
| Share Holding Post Issue | 54,79,600 shares |
| NSE Symbol | VERTEXPLUS |
| ISIN | INE0NLB01018 |
Vertexplus Technologies IPO comprises a total issue size of 14,79,600 shares. The net offer to the public is 14,05,200 shares, after excluding 74,400 shares allotted on a firm basis. Of the Net offer 7,02,000 (49.96%) are allocated to QIB, 2,11,200 (15.03%) allocated to NII 4,92,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 7,02,000 | 49.96% | 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 | 15.03% | 14.27% |
| Retail Shares Offered | 4,92,000 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 74,400 | 5.03% | |
| Total Shares Offered | 14,79,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Vertexplus Technologies IPO raises ₹3.99 crore from anchor investors. Vertexplus Technologies IPO Anchor bid date is March 1, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 1, 2023 |
| Shares Offered | 4,15,200 |
| Anchor Portion (₹ Cr.) | 3.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Apr 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jun 8, 2023 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 15.99 | 13.09 | 11.04 | 9.90 |
| Total Income | 10.92 | 21.32 | 20.26 | 19.64 |
| Profit After Tax | 0.91 | 1.86 | 1.05 | 0.61 |
| NET Worth | 8.08 | 6.73 | 4.87 | 3.80 |
| Reserves and Surplus | 4.08 | 2.73 | 4.86 | 3.79 |
| Total Borrowing | 3.61 | 2.79 | 2.27 | 2.10 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 10.00 |
| 2 | General Corporate Purpose | 3.08 |
| KPI | |
|---|---|
| ROE | 28.06 |
| ROCE | 43.02 |
| Debt/Equity | 0.37 |
| RoNW | 24.61 |
| PAT Margin | 8.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.56 | |
| P/E (x) | 28.83 | |
| Promoter Holding | 100.00% | |
| Market Cap | ₹52.60 Cr. |
The Vertexplus Technologies IPO is subscribed 11.01 times on March 6, 2023 7:00:00 PM (Day 3). The public issue subscribed 15.53 times in the retail category, 1.43 times in the QIB category, and 35.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 1.43 | 2,86,800 | 4,10,400 |
| NII* | 35.15 | 2,11,200 | 74,24,400 |
| Retail | 15.53 | 4,92,000 | 76,41,600 |
| Total | 11.01 | 14,05,200 | 1,54,76,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 0.24 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and Marketing expenses | 0.67 |
| 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, peer review auditors, etc.) | 0.11 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹101.00 |
| Low | ₹101.00 |
| High | ₹106.05 |
| Last Trade | ₹106.05 |
Lead Manager Reports
Vertexplus Technologies IPO is a SME IPO of 14,79,600 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Mar 2, 2023, and closes on Mon, Mar 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 Thu, Mar 2, 2023 and closes on Mon, Mar 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 Tue, Mar 14, 2023. Check the Vertexplus Technologies IPO allotment status.
The Vertexplus Technologies IPO listing date is on Wed, Mar 15, 2023.
