DelaPlex IPO

Delaplex IPO

  • Status: Closed
  • RHP:
  • ₹ 111,600 / 600 shares

    Minimum Investment

IPO Details

  • Open Date

    25 Jan 2024

  • Close Date

    30 Jan 2024

  • IPO Price Range

    ₹ 186 to ₹ 192

  • IPO Size

    ₹ 46.08 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    02 Feb 2024

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Delaplex IPO Subscription Status

Last Updated: 31 January 2024 3:21 PM by 5Paisa

DelaPlex Limited IPO is all set to open from 25th January to 30th January 2024. The company offers technology and software development solutions and consultancy. The IPO includes a fresh issue of 1,800,000 shares worth ₹34.56 cr and an Offer-for-Sale (OFS) of 600,000 shares worth ₹11.52. The total IPO size is ₹46.08 cr. The share allotment date is 31st January 2024, and the IPO will be listed on 2nd February 2024 on the stock exchanges. The price band is ₹186 to ₹192 and the lot size is 600 shares.        

Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of DelaPlex IPO:

DelaPlex Limited plans to utilize the raised capital from the IPO to:
●    To meet working capital requirements. 
●    To fund expenses related to advertising, sales, and marketing to spread brand awareness across the APAC region. 
●    To meet capital expenditure requirements for buying office laptops 
●    Unidentified inorganic acquisition
●    General corporate purposes.

DelaPlex Limited provides end-to-end integrated omni-channel supply chain consulting and software solutions. The company is a technology partner in Supply Chain Consulting, Custom Software Development, Cloud Services, and Data Science globally.

Additionally, DelaPlex also provides tech solutions such as software-defined data centres, integrated infrastructure, cloud technologies, DevOps, security solutions, data analytics, and artificial intelligence. The company is a subsidiary of the US-based DelaPlex INC. 

DelaPlex’s services find applications in various industries and it serves a diverse range of clients including Broadcasting, Petroleum, Retail, 3PL, WFM, QSRs, Hospitality, IT & ITES, Telecom etc. Its clientele is majorly based in the US. 

Peer Comparison

●    Ksolves India Limited
●    Micropro Software Solutions Limited 
●    Sigma Solve Limited 

 

For More Information:
Webstory on DelaPlex IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 54.00 49.74 36.22
EBITDA 9.88 8.03 5.71
PAT 7.91 6.12 4.04
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 26.38 17.91 11.00
Share Capital 0.01 0.01 0.01
Total Borrowings 2.88 2.32 1.53
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.37 2.81 0.57
Net cash from / (used in) investing activities -0.29 -0.61 -0.88
Net cash flow from / (used in) financing activities 0.24 - -
Net increase (decrease) in cash and cash equivalents 1.33 2.20 -0.31


Strengths

1.    The company provides end-to-end integrated omni-channel supply chain consulting and software solutions.
2.    It is specialized in designing customized software solutions. 
3.    The company has a global clientele.
4.    Well-experienced promoters and management team.

Risks

1.    The revenue is dependent on a select group of customers based in the US.
2.    Fluctuations in foreign currency exchange rates can impact the business.
3.    It has reported negative cash flows in the past. 
4.    High working capital requirements. 
5.    The company operates in a competitive market.

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FAQs

DelaPlex IPO opens from 24th January to 29th January 2024.
 

The size of DelaPlex IPO is ₹46.08 cr. 

To apply for DelaPlex IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the DelaPlex Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The GMP value of every IPO changes daily. To view today's GMP of DelaPlex IPO visit https://www.5paisa.com/ipo/ipo-gmp 
 

The price band of DelaPlex IPO is fixed at ₹186 to ₹192 per share. 

The minimum lot size of DelaPlex IPO is 600 shares and the investment required is ₹1,11,600.

The share allotment date of DelaPlex IPO is 30th January 2024.

The DelaPlex IPO will be listed on 1st February 2024.

Shreni Shares Limited is the book-running lead manager for DelaPlex IPO.

DelaPlex Limited plans to utilize the raised capital from the IPO to:

1.    To meet working capital requirements. 
2.    To fund expenses related to advertising, sales, and marketing to spread brand awareness across the APAC region. 
3.    To meet capital expenditure requirements for buying office laptops 
4.    Unidentified inorganic acquisition
5.    General corporate purposes.