Vertexplus Technologies IPO

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 nameVertexplus Technologies Limited
SectorInformation Technology
IndustryIT – Software
Company Website

The objective of the Issue

  • To Meet Working Capital Requirement
  • General Corporate Purpose
  • To Meet the Issue Expenses

IPO Timetable

IPO Opening date02 March 2023
IPO Closing06 March 2023
Basis of Allotment10 March 2023
Initiation Refund13 March 2023
Credit to Demat Account14 March 2023
Listing Date15 March 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹14.20 Cr – 1,479,600 shares
Fresh Issue₹14.20 Cr – 1,479,600 shares
Offer for saleNil
Face value₹10 per share
Price Band₹91 to ₹96 per share
Lot size1200 Shares
Retail Allocation35% of the Net Issue
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11200₹115,200
Retail (Max)11200₹115,200
HNI (Min)22,400₹230,400

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 2022
Net income54.95102.92186.90
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio19.57 – 20.65
RONW (%)16.1021.5527.64
ROCE (%)40.2543.6148.18
EBITDA (%)7.9310.8215.55

Company Promoters

  • Mr. Sandeep Kumar Pahariya
  • Mrs. Niru Pahariya

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

  • Beeline Capital Advisors Pvt Ltd

IPO Registrar

D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020
Telephone: 011-40450193-197

Contact Details

B-19, Ground Floor, 10-B Scheme,
Gopalpura Road, Jaipur -302018, Rajasthan
Phone: +91-0141-6622200/02

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

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