The Delaplex date has been confirmed from January 25, 2024 and closes on January 30, 2024.
Delaplex Developers IPO is a fixed price issue of Rs 46.08 crores. The price band is set at ₹186 to ₹192 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹230,400.
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Bidding Dates
January 25-30
Price Range
₹186 to ₹192 per share
Face Value
₹10 per share
GMP
₹145
Delaplex IPO GMP
The Delaplex IPO GMP is ₹145.
IPO Overview
DelaPlex IPO is a book-built issuance worth Rs 46.08 crore. The offering consists of a fresh issue of 18 lakh shares totaling Rs 34.56 crores and an offer to sell of 6 lakh shares totaling Rs 11.52 crores. DelaPlex’s initial public offering (IPO) begins subscriptions on January 25, 2024 and ends January 30, 2024. The allotment for the DelaPlex IPO is expected to be completed on Wednesday, January 31, 2024.
DelaPlex IPO will be listed on NSE SME, with a tentative listing date of Friday, February 2, 2024. DelaPlex’s IPO pricing range is set at ₹186 to ₹192 per share. The minimum lot size for an application is 600 shares. The minimum investment for retail investors is ₹115,200. The minimum investment for HNI is 2 lots (1,200 shares) worth ₹230,400.
Delaplex IPO Details
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | [.] |
| 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 |
DelaPlex Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,185.45 | 2,638.33 | 1,790.90 | 1,100.77 |
| Revenue | 2,814.28 | 5,521.81 | 5,034.06 | 3,633.30 |
| Profit After Tax | 425.53 | 790.72 | 611.87 | 404.00 |
| Net Worth | 2,775.58 | 2,350.05 | 1,559.32 | 947.45 |
| Reserves and Surplus | 2,774.58 | 2,349.05 | 1,558.32 | 946.45 |
| Amount in ₹ Lakhs | ||||
DelaPlex IPO Timeline
| 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 |
Company Profile
DelaPlex Limited, founded on February 12, 2004, is a subsidiary of delaPlex INC., a U.S.-based company. DelaPlex INC owns 51% of the company’s shares. The company offers technology and software development solutions, as well as consulting services, to assist clients in increasing their growth, revenue, and market value. The company also offers a variety of technology solutions such as software-defined data centres, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and AI. The company’s test engineers hold ISTQB Gold accreditation,
and its information security management system is ISO/IEC 27001:2022 certified. The organisation also meets the requirements of ISO 9001:2015 for its Quality Management System. The company’s registered office is in Nagpur, with other locations in Pune, Hyderabad, and Bangalore. The organisation provides services in India, the United States, 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 ₹ 2,337.75 Lakhs, ₹ 4,283.60 Lakhs, ₹ 4,014.73 Lakhs, and ₹ 3,214.45 Lakhs from sales outside of India. As of September 30th, 2023, the company employs a total of 300 people, including 286 full-time workers and 14 contractors who are in charge of day-to-day business operations, administrative, secretarial, legal, and accounting activities as assigned.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | DelaPlex Limited |
| Phone number | + 91 9766660249 |
| Email ID | investor@delaplex.in |
| Website | delaplex.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
