The initial public offering (IPO) of Delaplex opened for subscription. The three-day issue will close on January 30, Tuesday. The company has set the price band at Rs 186 – Rs 192 per equity share.

About delaPlex IPO

The total offer size is 24 lakh shares comprising fresh issue of 18 lakh share while an offer for sale (OFS) of 6 lakh shares. The company plans to raise a total of Rs 46.08 crore at the upper price band.

The face value is Rs 10 per equity share.

delaPlex IPO subscription quota

Not less than 35% of the net offer comprising up to 797,400 equity shares will be available for allocation to retail buyers. For non institutional buyers, the quota stands at 342,000 equity shares and for qualified institutional buyers (QIBs) it is 1,138,200 equity shares out of which the anchor investor portion stands at 682,800.

delaPlex IPO offer details

Retail investors can subscribe a minimum of 1 lot or 600 shares and in multiple of 600 shares thereafter. The maximum subscription amount is Rs 2 lakh.

delaPlex IPO issue type

Book Building

delaPlex IPO lead managers

The book running lead manager (BRLM) is Shreni Shares Limited with ICICI Bank as the sponsor bank. The registrar for the issue is Bigshare Services Private Limited.

delaPlex IPO

The net proceeds will be utilised towards meeting the general corporate expenditures and inorganic acquisitions; APAC – Advertisement, Sales and Marketing expenses towards enhancing the awareness; funding working capital requirements of the company.

delaPlex IPO GMP

The shares of delaPlex were commanding a premium (GMP) of Rs 80 in the unlisted market.

delaPlex financials

The company reported a profit after tax of Rs 4.25 crore as on September 30, 2023. For the financial year ended March 31, 2023 the net profit stood at Rs 7.90 crore. For the same period in 2022 and 2021 the PAT stood at Rs 6.11 crore and Rs 4.04 crore, respectively. The total revenue as of September 30, 2023 was 28.14 crore. For the financial year ended March 31, 2023, the revenue stood at Rs 55.21 crore. For the same period ended 2022 and 2021, the revenue stood at Rs 50.34 crore and 36.33 crore, respectively.

About delaPlex

The promoters of the company are Nitin Sachdeva, Manish Iqbal Chand Sachdeva, Mark T River, Preeti Sachdeva and Delaplex Inc. The company was originally incorporated under the name ‘Quality Management Concepts Private Limited’ on February 12, 2004. Subsequently the name of the company was changed to ‘Q M Computech Private Limited’. The name of the company was then changed to ‘delaPlex Private Limited’ on January 24, 2019. The company offers services in information security.

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