DelaPlex is scheduled to hit the market on January 25, 2024 and close on January 30, 2024. DelaPlex plans to raise around ₹46.08 Cr through an IPO with a sale of up to 2,400,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Incorporated on February 12, 2004, DelaPlex Limited operates as a subsidiary of delaPlex INC., a U.S.-based enterprise, owning 51% of the company's shares. Specializing in technology and software development solutions, as well as consulting services, DelaPlex Limited is dedicated to assisting clients in achieving growth, revenue, and marketplace value.
The company offers a diverse range of tech solutions, covering software-defined data centers, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and artificial intelligence. Notably, DelaPlex Limited's commitment to quality is evident through its ISTQB Gold-certified test engineers, ISO/IEC 27001:2022-certified information security management system, and compliance with ISO 9001:2015 standards for its Quality Management System.
DelaPlex IPO Details
DelaPlex IPO opens on Jan 24, 2024, and closes on Jan 29, 2024. The Listing date for DelaPlex IPO is on Feb 1, 2024. The price band for IPO is ₹46.08 per share and lot size of 600 Shares.
| IPO Date | Jan 24, 2024 to Jan 29, 2024 |
| Listing Date | Feb 01, 2024 |
| Price | ₹186 to ₹192 per share |
| Lot Size | 600 Shares |
| Issue Size | ₹46.08 Cr |
| Face Value | ₹10 per share |
DelaPlex IPO Tentative Timetable
DelaPlex opening date is January 24, 2024 and close date is January 29, 2024. The IPO allotment date is January 30, 2024. The refund initiation of IPO is on January 31, 2024. The credit of shares in demat account is on January 31, 2024. The listing date is on February 01, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 24, 2024 |
| IPO Closing | Jan 29, 2024 |
| IPO Allotment Date | Jan 30, 2024 |
| Refund Initiation | Jan 31, 2024 |
| Shares Credit to Demat | Jan 31, 2024 |
| Lisiting Date | Feb 01, 2024 |
DelaPlex IPO Lot Size
Lot Size of this IPO is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹115,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 600 | ₹115,200 |
| Retail(Maximum) | 1 | 600 | ₹115,200 |
| HNI (Minimum) | 2 | 1200 | ₹230,400 |
DelaPlex IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.66% |
DelaPlex IPO Review
DelaPlex Limited, a company with a global footprint, is set to launch its Initial Public Offering (IPO) with notable financials and diverse revenue streams. As of September 30, 2023, the company's revenue from operations stood at ₹2,337.75 Lakhs, with ₹4,283.60 Lakhs, ₹4,014.73 Lakhs, and ₹3,214.45 Lakhs derived from sales outside of India for the fiscal years 2023, 2022, and 2021, respectively. The company, as of September 30th, 2023, boasts a workforce of 300 personnel, including 286 employees and 14 contractors, responsible for various business functions. DelaPlex's financial performance reveals a revenue increase of 9.69% and a PAT rise of 29.23% between March 31, 2022, and March 31, 2023. Key performance indicators showcase a robust Return on Equity (ROE) at 40.45% and an impressive Return on Net Worth (RoNW) at 56.73%.
The IPO is positioned with a Pre-IPO EPS of ₹10.82 and a Post-IPO EPS of ₹9.34. The Pre-IPO Price to Book Value (P/BV) is indicated at 0, suggesting a balanced valuation. The company aims to utilize the Net Proceeds for APAC advertising, sales and marketing, working capital, capital expenditure for office laptops, general corporate purposes, and unidentified inorganic acquisitions.
DelaPlex Limited presents a compelling IPO opportunity, given its solid financial performance, global revenue streams, and strategic allocation of IPO proceeds. Investors should closely analyze the company's growth strategy, market presence, and the potential impact of its utilization of funds on future prospects.
DelaPlex IPO Subscription Status (Bidding Details)
Table not foundDelaPlex IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
DelaPlex IPO FAQs
What is DelaPlex IPO?
DelaPlex is issuing 2,400,000 equity shares with a face value of ₹10 each, totaling up to ₹46.08 Cr. The shares are being offered at a price of ₹186 to ₹192 each, with a minimum order quantity of 600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When DelaPlex IPO will open?
DelaPlex will open on January 25, 2024 for QIB, NII, and Retail Investors.
When DelaPlex IPO will end?
DelaPlex will end on January 30, 2024.
What is DelaPlex IPO Size?
DelaPlex IPO size is ₹46.08 Cr.
What is DelaPlex IPO Price Band?
DelaPlex price band is ₹186 to ₹192 per share.
What is the DelaPlex IPO Allotment Date?
DelaPlex allotment date is January 31, 2024.
What is the DelaPlex IPO Listing Date?
DelaPlex listing date is February 02, 2024. The IPO is to be listed on BSE and NSE.
How to DelaPlex IPO through Zerodha?
To apply for the IPO “DelaPlex” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply DelaPlex IPO through Upstox?
To apply for the IPO “DelaPlex” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check DelaPlex IPO Allotment Status?
For DelaPlex IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is DelaPlex IPO GMP?
You can check out here: DelaPlex IPO GMP