Vertexplus Technologies Limited IPO : Highlights

Vertexplus Technologies Limited IPO is set to launch on 2 March, 2023. The company initiated its business operations in the year 2010. It is an Information Technology Company engaged in outsourcing, consulting, infrastructure and digital services and solutions. The company works through 5 business models :- 

• On site Model
• Offshore Model
• Global Model
• Hybrid Model
• Strategic Partnerships

Vertexplus Technologies Limited IPO DETAILS

Vertexplus Technologies Limited IPO is set to launch on 2 March., 2023. The subscription timeline extends till 6 March, 2023. The size for the IPO is 14.20 Crore Rs. Shares issued through fresh issue mode are worth 14.20 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 91 to 96 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 Sky Financial Services Private Limited.

Tabular Description of Vertexplus Technologies Limited IPO 

Vertexplus Technologies Limited IPO : IMPORTANT DATES

Vertexplus Technologies Limited IPO begins for subscription from 2 March., 2023. The IPO subscription would continue till 6 March, 2023. The allotment status for the shareholders who applied would come on 10 March, 2023. The refunds for the ones who did not get allotment would be initiated on 13 March, 2023. The DEMAT accounts of shareholders would be credited on 14 March, 2023. The listing of the company would be accompanied on 15, March 2023.

Vertexplus Technologies Limited IPO : Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at  1600 shares. This holding accounts to  144000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 288000 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 money raised will be also utilised for the working capital requirements.

COMPANY FINANCIALS

Vertexplus Technologies Limited had an asset base of 989 Lakh Rs in 2020. This went on to 1103 Lkah Rs in 2021 and 1308 Lakh Rs in 2022. The company had a revenue base of 1963 Lakh Rs in 2020. The revenue of the firm is increasing at a slow pace but is in line with the asset increase. The revenue in 2021 was 2025 Lakh Rs and that in 2022 was 2132 Lakh Rs. Hence the assets and revenue are both increasing slowly over the years. 

The profit of the firm in 2020 was recorded at 62 Lakh Rs which increased to 105 Lakh Rs in 2021. The profit of the firm increased by more than 70% in 2021. In 2022 the profit was recorded at 186 Lakh Rs which is again more than 70% of the previous profit figures. Hence the profits of the company is increasing rapidly in comparison to the other fiance figures. 

PROS

• Vertexplus Technologies Limited is an Information Technology Company engaged into multiple business segments like outsourcing, consulting, infrastructure and digital services and solutions.
• The company has five business models for being most efficient in work towards otis clients. They are On site Model, Offshore Model, Global Model, Hybrid Model and Strategic Partnerships.

CONS

• The company works in a highly competitive segment. 

Vertexplus Technologies 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.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Vertexplus Technologies Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. 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.