DelaPlex Limited IPO : Important Information

DelaPlex Limited IPO is set to launch on 25 January, 2023. The company initiated its business operations in 2004. It is a subsidiary of a U.S. based company named DelaPlex Inc. It provides software development and technology solutions to help the clients achieve revenue growth and marketplace value. The company offers various services like integrated infrastructure, software defined data centres, DevOps, cloud computing, data analytics, security solutions, artificial intelligence etc. Its registered office is in Nagpur and it has other offices in Bengaluru, Hyderabad and Pune. It also provides its services in Dubai and the U.S.A. It has 286 employees working on payroll today. 

DelaPlex Limited IPO DETAILS

DelaPlex Limited IPO is set to launch on 25 January, 2023. The subscription timeline extends till 30 January, 2023. The size for the IPO is 46..08 Crore Rs. Shares issued through fresh issue mode are worth Rs 34.56 Crore. Shares issued through offer for sale mode are worth Rs 11.52 Crore. The lot size is 600 shares and the price is 186 Rs to 192 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of DelaPlex Limited IPO 

DelaPlex Limited IPO : IMPORTANT DATES

DelaPlex Limited IPO begins for subscription from 25 January 2023. The IPO subscription would continue till 30 January, 2023. The allotment status for the shareholders who applied would come on 31 January, 2023. The refunds for the ones who did not get allotment would be initiated on 1 February, 2023. The DEMAT accounts of shareholders would be credited on 1 February, 2023. The listing of the company would be completed on 2 February, 2023.

DelaPlex Limited IPO : Lead Managers

The lead managers are :

• Shreni Shares Limited

The minimum lot size for the company is decided at 600 shares. This holding accounts to 115200 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 230400 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

DelaPlex Limited had an asset base of 1100 Lakh Rs in 2021. This increased to 1790 Lakh Rs in 2022. The asset base of the year 2023 was recorded at 2638 Lakh Rs. In the year 2021 the revenue of the firm was at 3633 Lakh Rs which increase to 5034 Lakh Rs in 2022. The revenue of the firm in the year 2023 was 5521 Lakh Rs. The profit of the firm was recorded at 404 Lakh Rs in 2021. This increased to 611 Lakh Rs in 2022 and 790 Lakh Rs in 2023.

PROS

• The company offers various services like integrated infrastructure, software defined data centres, DevOps, cloud computing, data analytics, security solutions, artificial intelligence etc. 
• Its registered office is in Nagpur and it has other offices in Bengaluru, Hyderabad and Pune. 
• It also provides its services in Dubai and the U.S.A. It has 286 employees working on payroll today. 

DelaPlex Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the DelaPlex Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.