DelaPlex Limited IPO
DelaPlex Ltd. (DPL) is a technology and software development solution and consulting provider, helping client companies to achieve growth, revenue and marketplace value. The Company has developed expertise and partnerships with various industry players that provide the latest technology, tools, and software development solutions. DPL is a global technology partner in Supply Chain Consulting, Custom Software Development, Cloud Services, and Data Science. Further the Company offers various tech solutions encompassing software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security solutions, data analytics, and artificial intelligence.
Built for its channel partners and end users, we create next-gen solutions to address IT problems. DelaPlex IPO is a book built issue of Rs 46.08 crores. The issue is a combination of fresh issue of 18 lakh shares aggregating to Rs 34.56 crores and offer for sale of 6 lakh shares aggregating to Rs 11.52 crores. DelaPlex IPO price band is set at ₹186 to ₹192 per share. The minimum lot size for an application is 600 Shares. Shreni Shares Limited is the book running lead manager of the DelaPlex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for the DelaPlex IPO is Shreni Shares.
DelaPlex IPO Overview
Detail
|
Description
|
IPO Date
|
January 25, 2024 to January 30, 2024
|
Listing Date
|
February 2, 2024
|
Face Value
|
₹10 per share
|
Price Band
|
₹186 to ₹192 per share
|
Lot Size
|
600 Shares
|
Total Issue Size
|
2,400,000 shares
(aggregating up to ₹46.08 Cr)
|
Fresh Issue
|
1,800,000 shares
(aggregating up to ₹34.56 Cr)
|
Offer for Sale
|
600,000 shares of ₹10
(aggregating up to ₹11.52 Cr)
|
Issue Type
|
Book Built Issue IPO
|
Listing At
|
NSE SME
|
Share holding pre issue
|
7,310,000
|
Share holding post issue
|
9,110,000
|
Market Maker portion
|
122,400 shares
Shreni Shares
|
DelaPlex IPO Timeline (Tentative Schedule)
Detail
|
Description
|
IPO Open Date
|
Thursday, January 25, 2024
|
IPO Close Date
|
Tuesday, January 30, 2024
|
Basis of Allotment
|
Wednesday, January 31, 2024
|
Initiation of Refunds
|
Wednesday, January 31, 2024
|
Credit of Shares to Demat
|
Thursday, February 1, 2024
|
Listing Date
|
Friday, February 2, 2024
|
Cut-off time for UPI mandate confirmation
|
5 PM on January 30, 2024
|
DelaPlex IPO Reservation
Investor Category
|
Shares Offered
|
Anchor Investor Shares Offered
|
682,800 (28.45%)
|
Market Maker Shares Offered
|
122,400 (5.10%)
|
Other Shares Offered
|
455,400 (18.98%)
|
NII (HNI) Shares Offered
|
342,000 (14.25%)
|
Retail Shares Offered
|
797,400 (33.23%)
|
Total Shares Offered
|
2,400,000 (100%)
|
DelaPlex IPO Promoter Holding
Share Holding Pre Issue
|
100%
|
Share Holding Post Issue
|
73.66%
|
DelaPlex IPO Anchor Investors Details
Bid Date
|
January 24, 2024
|
Shares Offered
|
682,800
|
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
|
Company & Financials
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.
DelaPlex Limited Financial Information
Key Performance Indicator
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
|
Objectives of DelaPlex IPO
The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objectives:
-
● APAC - Advertisement, Sales and Marketing expenses towards enhancing the awareness.
-
● Funding Working Capital Requirements of the Company.
-
● Funding of capital expenditure requirements of the Company towards the purchase of Office Laptops.
-
● General corporate purposes and unidentified inorganic acquisition.
DelaPlex IPO Review
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.
FAQs for DelaPlex IPO
-
What Is The Size Of The DelaPlexIPO?
The offer size of DelaPlex’s IPO is INR 46.08 crores. The offer includes a fresh issue worth INR 34.56 crores and an offer to sell existing shares for INR 11.52 crores.
-
What Is The Price Band Of The DelaPlex IPO?
The DelaPlex IPO Company will issue shares at INR 186-192 per share.
-
When will DelaPlex Ltd's IPO be allotted?
The basis of allotment will be finalized on January 31, 2024. The credit of shares to the demat accounts will take place on January 31, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for the IPO will be 600 shares per lot.
-
When will DelaPlex Ltd list on exchanges?
DelaPlex Ltd will be listed on the NSE SME on February 2, 2024.
DelaPlex IPO Subscription Status
Category
|
Subscription (times)
|
QIB
|
90.91
|
NII
|
335.23
|
Retail
|
159.91
|
Total
|
177.80
|
RHP:
DRHP:
Anchor Investor Link:
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