DelaPlex Limited IPO

Price
₹186 - ₹192
Lot
600
Subs.
177.8
Expected Listing Earning

Exp. Premium(GMP):
80.01(41.67%)
IPO Details

Open Date: 25-Jan-2024
Close Date: 30-Jan-2024
Allotment Date: 31-Jan-2024
Listing Date: 02-Feb-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹186-192 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹115,200 : HNI - ₹230,400
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved455,400342,000797,4001,594,800
Day 1 - 25-01-24 
05:00 PM
0.581.975.083.13
Day 2 - 29-01-24 
05:00 PM
0.6826.9347.9329.93
Day 3 - 30-01-24 
05:00 PM
90.91335.23159.91177.80
Total No. of Application:212,517 (Approx.)
Retail Subscription on the basis of Apps:159.91x
Valuations

Earning Per Share(EPS)10.82/-
P/E Ratio17.75
RoNW56.73%
Net Asset Value (NAV) - Post Issue:32.15/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20233,185.452,814.28425.53
31 Mar,20232,638.335,521.81790.72
31 Mar,20221,790.905,034.06611.87
31 Mar,20211,100.773,633.30404.00
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding73.66%
Company Promoter(s)
1. Mr. Nitin Sachdeva
2. Mr. Manish Iqbalchand Sachdeva
3. Mr. Mark T. River
4. Ms. Preeti Sachdeva
5. M/s delaPlex INC.
Issue Objective(s)

The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:

  • 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;
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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