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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
DelaPlex Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
DelaPlex Limited IPO Details
| 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 Limited IPO Timeline
| 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 Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹115,200 |
| Retail (Max) | 1 | 600 | ₹115,200 |
| HNI (Min) | 2 | 1,200 | ₹230,400 |
DelaPlex Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.66% |
Competitive Strength:
- -
DelaPlex Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 3,185.45 | 2,814.28 | 425.53 | 2,775.58 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,638.33 | 5,521.81 | 790.72 | 2,350.05 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 1,790.90 | 5,034.06 | 611.87 | 1,559.32 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 1,100.77 | 3,633.30 | 404.00 | 947.45 | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
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.
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What minimum lot size can retail investors subscribe to?
The lot size for the IPO will be 600 shares per lot.
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When will DelaPlex Ltd list on exchanges?
DelaPlex Ltd will be listed on the NSE SME on February 2, 2024.
