DelaPlex was incorporated on February 12, 2004. The company is a technology and software development solution and consulting provider, helping client companies to achieve growth, revenue, and marketplace value. It has developed expertise and partnerships with various industry players, providing the latest technology, tools, and software development solutions. It is a global technology partner in supply chain consulting, custom software development, cloud services, and data science.
| Bidding Dates |
|---|
| 25 Jan 2024 - 30 Jan 2024 |
| Subscription |
|---|
| 165.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,600 | 1 | 1 | 600 | 2.4 M | ₹186 - ₹192 | 73.66 % | ₹446.4 M - ₹460.8 M | RHP DOC |
delaPlex IPO SUBSCRIPTION STATUS
30 Jan '24delaPlex IPO overall subscription rate was 165.2 times the total available shares
delaPlex IPO retail subscription rate was 212.16 times in the retail segment
delaPlex IPO non-institutional investor subscription rate was 445.57 times in the non-institutional investor category
delaPlex IPO Qualified Institutional Bidder subscription rate was 48.22 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Jan 2024 (Day 3) | 212.16x | 445.57x | 48.22x |
29 Jan 2024 (Day 2) | 61.59x | 35.87x | 0.36x |
25 Jan 2024 (Day 1) | 6.35x | 2.56x | 0.31x |
delaPlex 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) | Margins |
| H1FY24 | 42.6 | 278.6 | 19.0 | 16.4 | 20.2% |
| FY23 | 79.1 | 540.0 | 13.7 | 11.3 | 18.3% |
| FY22 | 61.2 | 497.4 | 28.1 | 21.7 | 16.1% |
| FY21 | 40.4 | 362.2 | 5.7 | -3.4 | 15.8% |
delaPlex IPO SUBSCRIPTION STATUS DETAILS
delaPlex had 2.4 M shares on offer
delaPlex IPO offer price was in the range ₹186 - ₹192
delaPlex IPO minimum Investment was ₹111600
delaPlex IPO issue size was ₹ 446.4 M - ₹ 460.8 M
delaPlex had a minimum lot size of 600 Shares per application
delaPlex NUMBER OF SHARES ON OFFER
delaPlex IPO IMPORTANT DATES
| Issue Open Date | 25 Jan 2024 |
| Issue close Date | 30 Jan 2024 |
| Allotment Date | 31 Jan 2024 |
| Refund Date | 31 Jan 2024 |
| Demat Account Credit Date | 01 Feb 2024 |
| Listing Date | 02 Feb 2024 |
| Listing on Exchange(s) | NSE |
| delaPlex Allotment Status | Exchange |
delaPlex IPO subscription opened on 25 Jan 2024, and closed on 30 Jan 2024
IPO allotment for delaPlex was finalized on Wednesday, 31 Jan 2024
IPO listing for delaPlex was on NSE on Friday, 02 Feb 2024
delaPlex IPO LISTING GAINS
| Issue Price (adjusted) | 192.0 |
| Listing Open Price | 309.0 |
| Listing Close Price | 324.4 |
| Listing Gain% | 60.9% |
| Current Gain% | -54.7% |
delaPlex 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| delaPlex Ltd. | 87 | 79.3 | 6.2 | 1.3 | 1.1 | 14.3 | 13.8 | 73.1 | 4.2 | 12.8 | 5.2 | 14 | 4.7 |
| Tata Consultancy Services Ltd. | 2445.7 | 884875.7 | 17.8 | 16.6 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1190.7 | 483192.8 | 16 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1365.4 | 370523.8 | 21.3 | 8.1 | 2.8 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 184.6 | 182835.1 | 13.8 | -7.6 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1643 | 161027.9 | 31.4 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
delaPlex INFORMATION ON IPO ISSUE
About delaPlex
DelaPlex was incorporated on February 12, 2004. The company is a technology and software development solution and consulting provider, helping client companies to achieve growth, revenue, and marketplace value. It has developed expertise and partnerships with various industry players, providing the latest technology, tools, and software development solutions. It is a global technology partner in supply chain consulting, custom software development, cloud services, and data science.
Object of the Issue
- Advertisement, sales and marketing expenses towards enhancing awareness
- Funding working capital requirements of the company
- Funding of capital expenditure requirements of the company towards the purchase of office laptops
- General corporate purposes and unidentified inorganic acquisition
delaPlex - PROMOTERS
| Name |
|---|
| Nitin Sachdeva |
| Preeti Sachdeva |
| Manish Iqbalchand Sachdeva |
| Mark T River |
| delaPlex INC |
delaPlex Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
delaPlex Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
delaPlex Strengths
End-to-end supply chain
The company is an end-to-end integrated omni-channel supply chain consulting and software solutions provider. It assists businesses worldwide in optimizing their supply chains
Service portfolio
The company offers software development and API-enabled applications to help organizations rapidly develop powerful technology applications addressing their strategic business needs
Clients in international market
The company primarily caters to international markets. Its customer base is spread across the globe, with a major presence in countries like the United States of America
delaPlex Risks
Outstanding litigation
The company has certain outstanding litigation against it, and an adverse outcome of these proceedings may adversely affect the business, reputation, and results of operations
Negative cash flows
The company had negative cash flows in past years from investing activities. Sustained negative cash flow could impact growth and the business
Competitive environment
The company operates in a competitive environment and faces fair competition in the business from both organized and unorganized players, which may adversely affect the business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 11.5 crore, of 600,000 shares. It also consists of a fresh issue of Rs 34.6 crore.
The promoters of the company are Nitin Sachdeva, Preeti Sachdeva, Manish Iqbalchand Sachdeva, Mark T River and delaPlex INC.
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 186.0 - 192.0.
The IPO application opens on Jan 25, 2024 and closes on Jan 30, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 111,600.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Jan 31, 2024.
The refund will be credited to your account on Jan 31, 2024.
The allotted shares will be credited to your demat on Feb 01, 2024.
DelaPlex Ltd.’s shares listed on the stock exchanges on Feb 02, 2024.