DelaPlex Limited IPO Detail
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.
Company Promoters
Mr. Nitin Sachdeva, Mr. Manish Iqbalchand Sachdeva, Mr. Mark T. River, Ms. Preeti Sachdeva and M/s delaPlex INC.IPO Details
| IPO Opening Date | Jan 25, 2024 |
| IPO Closing Date | Jan 30, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹186 - 192 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹46.08 Cr |
| Fresh Issue | ₹34.56 Cr |
| Offer for Sale | ₹11.52 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.58x | - | - | 1.95x | 4.93x | 3.04x |
| Day 2 | 0.58x | - | - | 1.95x | 4.93x | 3.04x |
| Day 3 | 0.68x | - | - | 26.85x | 47.29x | 29.60x |
| Day 4 | 90.91x | - | - | 335.20x | 159.89x | 177.79x |
IPO Tentative Timetable
The DelaPlex Limited IPO open date is Jan 25, 2024, and the close date is Jan 30, 2024. The issue may list on Feb 02, 2024.
| IPO Open Date | Jan 25, 2024 |
| IPO Close Date | Jan 30, 2024 |
| Basis of Allotment Date | Jan 31, 2024 |
| Initiation of Refunds | Jan 31, 2024 |
| Credit of Shares to Demat Account | Feb 01, 2024 |
| IPO Listing Date | Feb 02, 2024 |
IPO Lot Size
The DelaPlex Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹115200 |
| Maximum | 1 | 600 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.66% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1100.77 | 3633.30 | 404.00 |
| 31-Mar-22 | 1790.90 | 5034.06 | 611.87 |
| 31-Mar-23 | 2638.33 | 5521.81 | 790.72 |
Objects of the Issue:
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;
DelaPlex Limited IPO Registrar:
Bigshare Services Pvt Ltd
DelaPlex Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
DelaPlex Limited
554/31, Utkarsh Nagar,
Near K.T Nagar,
Katol Road, Nagpur – 440013,
