DelaPlex IPO will open for subscription from 25 January 2024. The company aims for an issue size of ₹46.08 Cr through this IPO.
Company Overview
| Full name | DelaPlex Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://delaplex.in/ |
About Company
Delaplex is a leading provider of technology and software development solutions, dedicated to assisting client companies in achieving growth, revenue, and marketplace value. The company has cultivated expertise and forged partnerships with various industry players to deliver state-of-the-art technology, tools, and software development solutions. Delaplex serves as a global technology partner specializing in Supply Chain Consulting, Custom Software Development, Cloud Services, and Data Science.
Expanding its repertoire, the company provides a diverse array of technological solutions, including software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security solutions, data analytics, and artificial intelligence. Tailored for both channel partners and end users, it crafts cutting-edge solutions to tackle contemporary IT challenges.
As of 30 September 2023, Delaplex has around 300 staff, with 286 on payroll and 14 contractors managing day-to-day operations, administrative tasks, and legal and accounting functions as per their designated roles. DelaPlex operates as a subsidiary of delaPlex INC., an enterprise rooted in the United States. Within the company’s ownership structure, delaPlex INC. possesses a majority stake of 51%.
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 25 January 2024 |
| IPO Closing | 30 January 2024 |
| Basis of Allotment | 31 January 2024 |
| Initiation Refund | 31 January 2024 |
| Credit to Demat Account | 01 February 2024 |
| Listing Date | 02 February 2024 |
DelaPlex IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹46.08 Cr – 2,400,000 shares |
| Fresh Issue | ₹34.56 Cr – 1,800,000 shares |
| Offer for sale | ₹11.52 Cr – 600,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹186 to ₹192 per share |
| Lot size | 600 Shares |
| Market Maker portion | 122,400 shares |
| Shareholding pre-issue | 7,310,000 |
| Shareholding post-issue | 9,110,000 |
| Listing Exchange | NSE SME |
DelaPlex IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹115,200 |
| Retail (Max) | 1 | 600 | ₹115,200 |
| HNI (Min) | 2 | 1,200 | ₹230,400 |
DelaPlex IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 682,800 (28.45%) |
| Market Maker Shares Offered | 122,400 (5.10%) |
| QIB Shares Offered | 455,400 (18.98%) |
| NII (HNI) Shares Offered | 342,000 (14.25%) |
| Retail Shares Offered | 797,400 (33.23%) |
| Total Shares Offered | 2,400,000 (100%) |
DelaPlex Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 36.22 | 49.74 | 54.01 | 27.86 |
| Expenses | 31.18 | 42.32 | 44.61 | 22.38 |
| Net income | 4.04 | 6.12 | 7.91 | 4.26 |
DelaPlex Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.53 | 8.37 | 10.82 |
| PE ratio | – | – | 17.19 – 17.74 |
| RONW (%) | 42.64 | 39.24 | 33.65 |
| NAV | 12.96 | 21.33 | 32.15 |
| ROCE (%) | 72.68 | 68.81 | 56.73 |
| EBITDA (%) | 15.76 | 16.14 | 18.29 |
| Debt/Equity | – | – | – |
Company Promoters
- Mr. Nitin Sachdeva
- Mr. Manish Iqbalchand Sachdeva
- Mr. Mark T. River
- Ms. Preeti Sachdeva and M/s delaPlex INC.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.66% |
DelaPlex IPO Lead Manager(s)
SHRENI SHARES LIMITED
A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
DelaPlex Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
DelaPlex Contact Details
DELAPLEX LIMITED
554/31, Utkarsh Nagar, Near K.T. Nagar,
Katol Road, Nagpur – 440013, Maharashtra, India
Phone: +91 9766660249
E-mail: investor@delaplex.in
Website: www.delaplex.in
DelaPlex IPO Allotment Status
Delaplex IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
DelaPlex IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
