Vertexplus Technologies IPO will open for subscription from 02 March 2023. the company aims for an issue size of ₹14.20 Cr through this IPO.
About Company
The company is an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company engaged in consulting, outsourcing, infrastructure, and digital solutions and services. It collaborates with its customers to fulfill their ever-evolving Information Technology needs and has experience across various industry sectors. VertexPlus has development facilities at Jaipur, Rajasthan, and Noida, Uttar Pradesh. The company undertakes assignments ranging from small programming tasks to complex projects and operates through five delivery models:
- Off-shore Model
- On-site Model
- Hybrid Model
- Global Model
- Strategic Partnerships
As on 31 August 2022, VertexPlus Technologies had 310 employees on its payroll in various functions including Technology, Management & Administration, Business Development, and Support staff. Its promoter Mr. Sandeep Kumar Pahariya has 24 years of experience in the IT industry and has been instrumental in determining the vision and growth strategies for the company.
Basic details about the company
| Full name | Vertexplus Technologies Limited |
| Sector | Information Technology |
| Industry | IT – Software |
| Company Website | https://www.vertexplus.com/global/en/ |
The objective of the Issue
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
IPO Timetable
| IPO Opening date | 02 March 2023 |
| IPO Closing | 06 March 2023 |
| Basis of Allotment | 10 March 2023 |
| Initiation Refund | 13 March 2023 |
| Credit to Demat Account | 14 March 2023 |
| Listing Date | 15 March 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹14.20 Cr – 1,479,600 shares |
| Fresh Issue | ₹14.20 Cr – 1,479,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹91 to ₹96 per share |
| Lot size | 1200 Shares |
| Retail Allocation | 35% of the Net Issue |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 1931.71 | 1963.93 | 2086.02 |
| Expenses | 1893.31 | 1879.54 | 1883.73 |
| Net income | 54.95 | 102.92 | 186.90 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.53 | 2.62 | 4.65 |
| PE ratio | – | – | 19.57 – 20.65 |
| RONW (%) | 16.10 | 21.55 | 27.64 |
| NAV | 9.51 | 12.18 | 16.83 |
| ROCE (%) | 40.25 | 43.61 | 48.18 |
| EBITDA (%) | 7.93 | 10.82 | 15.55 |
| Debt/Equity | 0.55 | 0.47 | 0.41 |
Company Promoters
- Mr. Sandeep Kumar Pahariya
- Mrs. Niru Pahariya
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020
Telephone: 011-40450193-197
Email: compliences@skylinerta.com
Website: www.skylinerta.com
Contact Details
VERTEXPLUS TECHNOLOGIES LIMITED
B-19, Ground Floor, 10-B Scheme,
Gopalpura Road, Jaipur -302018, Rajasthan
Phone: +91-0141-6622200/02
E-mail: compliance@vertexplus.com
Website: www.vertexplus.com
Allotment Status
Vertexplus Technologies IPO allotment status will be available on Skyline Financial Services’ website. Click on Skyline IPO weblink to get allotment status.
Final thoughts
Vertexplus Technologies IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do 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
