Vertexplus Technologies IPO is priced at ₹91-₹96. The IPO opening date is March 02, 2023 and the closing date is March 06, 2023. The IPO issue size is 14.20 Cr.
The shares will be listed in the SME category of NSE exchanges on March 15, 2023.
One lot of Vertexplus Technologies Ltd. IPO has 1200 shares.
Vertexplus Technologies is an Information Technology firm, the company engages in consulting, outsourcing, infrastructure building, and digital solutions and services.
Incorporated in 2010, they are ISO 9001:2015 and ISO/IEC 27001:2013, helping businesses to leverage technology through an integrated technology stack that automates the process and accelerates operation.
Vertexplus Technologies ensures cost-effective, timely delivery of projects through the following delivery models.
- Offshore model
- On-site model
- Hybrid model
- Global model
- Strategic Partnership
They cater to a diversified customer base from different industry backgrounds.
Vertexplus Technologies IPO Details
| Opening Date | March 02, 2023 |
|---|---|
| Closing Date | March 06, 2023 |
| Minimum Investment | ₹115,200 |
| Maximum Investment | ₹115,200 |
| Price Range | ₹91-₹96 |
| Issue Size | 14.20 Cr |
| Retail Discount | To be announced |
Vertexplus Technologies IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date | March 2, 2023 |
|---|---|
| IPO Closing Date | March 6, 2023 |
| Basis of Allotment | March 10, 2023 |
| Initiation of Refunds | March 13, 2023 |
| Credit of Shares to Demat Account | March 14, 2023 |
| IPO Listing Date | March 15, 2023 |
Vertexplus Technologies Ltd. IPO Objective
The money will be used to meet working capital requirements, general corporate purposes, and issue expenses.
Vertexplus Technologies IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.58 |
| Non-Institutional Buyers | 35.15 |
| Retail Investors | 15.53 |
| Employees | [.] |
| Others | [.] |
| Total | 2.31 |
Why should you invest in Vertexplus Technologies Ltd. IPO?
Here are your top reasons to invest in the IPO.
- They offer technical solutions in modern and advanced technology like cloud solutions, machine learning, artificial intelligence, blockchain, video analytics, and the Internet of Things (IoT).
- India is the top offshore IT destination for companies with proven capabilities to deliver solutions in emerging technologies.
- There are a lot of opportunities for Indian IT companies as the Indian IT and business services industry is expected to grow by $19.93 billion by 2025.
Vertexplus Technologies Company Financials
| Parameters | Year ending on As on 31st March, 2022 (₹ lakhs) | Year ending on 31st March, 2021 (₹ lakhs) | Year ending on 31st March, 2020 (₹ lakhs) |
|---|---|---|---|
| Revenue from operation | 2086.02 | 1963.93 | 1931.71 |
| Profit After Tax | 186.05 | 104.98 | 61.23 |
| EBITDA | 324.33 | 212.43 | 153.10 |
| Total Asset | 1,308.76 | 1103.71 | 989.70 |
| Total Borrowing | 279.15 | 227.40 | 209.55 |
Know before investing
Strengths
- They focus on expanding their business by forging long-term relationships with their customers.
- The company offers diversified services, including consulting, technology, infrastructure, and outsourcing services.
- They have a team of highly experienced and skilled staff.
Risks
- Increasing competition from local and big players poses threats to the company.
- They must adapt fast to rapidly changing technology to stay relevant to their customers.
- Changes in government policies can pose some threats to the company’s future business prospects.
Vertexplus Technologies IPO FAQs
Q1. What is Vertexplus Technologies Ltd. IPO?
Vertexplus Technologies Ltd. SME prepares to raise ₹14.20 crore from a sale of 1,479,600 equity shares. The offer will remain open for subscription from March 2 to 6, 2023.
Q2. When will Vertexplus Technologies Ltd. IPO allotment available?
The IPO shares of Vertexplus Technologies Ltd. will be allotted on March 10, 2023.
Q3. What will be the Vertexplus Technologies Ltd. IPO lot size?
One lot of Vertexplus Technologies Ltd. IPO has 1200 shares.
Q4. When will Vertexplus Technologies Ltd. IPO open for subscription?
The IPO will open on March 02, 2023.
Q5. When will Vertexplus Technologies Ltd. list on exchanges?
The shares will list in the SME category of NSE exchanges on March 15, 2023.
