Vertexplus Technologies, incorporated on October 20, 2010, is an information technology company engaged in providing innovative technology solutions and service models. It collaborates with companies to fulfil their IT needs and support their business with its enabling solutions to strengthen their current capabilities.
| Bidding Dates |
|---|
| 02 Mar 2023 - 06 Mar 2023 |
| Subscription |
|---|
| 11.01x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 1200 | 1.5 M | ₹91 - ₹96 | 73 % | ₹134.6 M - ₹142.0 M | RHP DOC |
Vertexplus Tech IPO SUBSCRIPTION STATUS
06 Mar '23Vertexplus Tech IPO overall subscription rate was 11.01 times the total available shares
Vertexplus Tech IPO retail subscription rate was 15.52 times in the retail segment
Vertexplus Tech IPO non-institutional investor subscription rate was 35.15 times in the non-institutional investor category
Vertexplus Tech IPO Qualified Institutional Bidder subscription rate was 0.58 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Mar 2023 (Day 3) | 15.52x | 35.15x | 0.58x |
03 Mar 2023 (Day 2) | 2.85x | 0.63x | 0x |
02 Mar 2023 (Day 1) | 1x | 0.33x | 0x |
Vertexplus Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 9.1 | 105.5 | -10.8 | -26.3 |
| FY22 | 18.6 | 208.6 | 13.2 | -8.2 |
| FY21 | 10.5 | 196.4 | 42.4 | 39.7 |
| FY20 | 6.1 | 193.2 | 7.0 | 3.5 |
Vertexplus Tech IPO SUBSCRIPTION STATUS DETAILS
Vertexplus Tech had 1.5 M shares on offer
Vertexplus Tech IPO offer price was in the range ₹91 - ₹96
Vertexplus Tech IPO minimum Investment was ₹115200
Vertexplus Tech IPO issue size was ₹ 134.6 M - ₹ 142.0 M
Vertexplus Tech had a minimum lot size of 1200 Shares per application
Vertexplus Tech NUMBER OF SHARES ON OFFER
Vertexplus Tech IPO IMPORTANT DATES
| Issue Open Date | 02 Mar 2023 |
| Issue close Date | 06 Mar 2023 |
| Allotment Date | 10 Mar 2023 |
| Refund Date | 13 Mar 2023 |
| Demat Account Credit Date | 14 Mar 2023 |
| Listing Date | 15 Mar 2023 |
| Listing on Exchange(s) | NSE |
| Vertexplus Tech Allotment Status | Exchange |
Vertexplus Tech IPO subscription opened on 02 Mar 2023, and closed on 06 Mar 2023
IPO allotment for Vertexplus Tech was finalized on Friday, 10 Mar 2023
IPO listing for Vertexplus Tech was on NSE on Wednesday, 15 Mar 2023
Vertexplus Tech IPO LISTING GAINS
| Issue Price (adjusted) | 96.0 |
| Listing Open Price | 101.0 |
| Listing Close Price | 106.0 |
| Listing Gain% | 5.2% |
| Current Gain% | -52.1% |
Vertexplus Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vertexplus Technologies Ltd. | 46 | 25.2 | -5.4 | 0 | 1.1 | -23.8 | -13.2 | 22.7 | 21.9 | -4.6 | -626.9 | -8.4 | -626.9 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Vertexplus Tech INFORMATION ON IPO ISSUE
About Vertexplus Tech
Vertexplus Technologies, incorporated on October 20, 2010, is an information technology company engaged in providing innovative technology solutions and service models. It collaborates with companies to fulfil their IT needs and support their business with its enabling solutions to strengthen their current capabilities.
Object of the Issue
- To meet working capital requirement
- General corporate purpose
- To meet the issue expenses
Vertexplus Tech - PROMOTERS
| Name |
|---|
| Sandeep Kumar Pahariya |
| Niru Pahariya |
Vertexplus Tech Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Vertexplus Tech Registrar to the Issue
Skyline Financial Services Private Limited
compliences@skylinerta.com
Vertexplus Tech Strengths
Global delivery network
The company comprehends global industry practices and business trends as it is already serving clients from all parts of the world
Experienced promoter
Its promoter, Sandeep Kumar Pahariya, has vast experience in the field of IT solutions and services, which has contributed significantly to the growth of the company
Diversified customer base
The company serves a diverse mix of end markets across several industry sectors
Vertexplus Tech Risks
Intense competition
Intense competition in the market for technology services could affect the pricing, which could reduce the share of business from clients, and decrease revenue and profitability
Legal proceedings
There are outstanding legal proceedings involving the company and its director. Any adverse decision in such proceedings may harm the business
IPO FAQs
The promoters of the company are Sandeep Kumar Pahariya and Niru Pahariya.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 91.0 - 96.0.
The IPO application opens on Mar 02, 2023 and closes on Mar 06, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Mar 10, 2023.
The refund will be credited to your account on Mar 13, 2023.
The allotted shares will be credited to your demat on Mar 14, 2023.
Vertexplus Technologies Ltd.’s shares listed on the stock exchanges on Mar 15, 2023.