DelaPlex IPO
The initial public offering (IPO) of DelaPlex will open for subscription on January 25 and close on January 30, it is comprised fresh and offer for sale issue of Rs. 46.08 crore. An investor can apply for the issue for a minimum of 600 shares and the listing will happen on February 02, 2024.
#1. Quick Intro to DelaPlex
DelaPlex Limited (2004) is a technology and software development solutions and consulting provider. The company also provides software-defined data centers, Cloud computing, Artificial intelligence, Data analyst, etc.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of DelaPlex
The company intends to use the IPO Funds for the following purposes:
- APAC- Advertisement, Sales, and Marketing expenses towards enhancing the awareness.
- The Funding working capital requirements of our company.
- Funding of capital expenditure requirement of our company towards the purchase of office laptops.
- General corporate purposes and unidentified inorganic acquisition.
#3. DelaPlex Core Strengths
- Software product and solutions for supply chain management.
- Tailor tech solutions.
- Clients in the international market.
- Service portfolio.
- Experience of our promoters and senior management team.
#4. DelaPlex IPO Review & Rating
| Issue Size | Rs.46.08 Crore |
| Issue Price | Rs.186 to Rs.192 per share |
| Minimum Lot Size | 600 Shares |
| Total Profit (March 2023) | Rs.790.72 (lakhs) |
| ROE | 40.45% |
| ROCE | 56.73% |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. DelaPlex IPO Dates, Price Band & Details
DelaPlex IPO will open on January 25, 2024, and close on January 30, 2024. The IPO is to be listed on February 02, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.46.08 Crore |
| Price Brand | Rs.186 to Rs.192 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | January 25, 2024 |
| IPO Close Date | January 30, 2024 |
| IPO Allotment Date | January 31, 2024 |
| Refund Date | January 31, 2024 |
| Share Credit Date | February 01, 2024 |
| Listing Date | February 02, 2024 |
#6. DelaPlex IPO Offer Details
DelaPlex IPO’s total issue size is 2,400,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 1,800,000 | 34.56 |
| Offer for Sale (OFS) | 600,000 | 11.52 |
#7. DelaPlex Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 5,521.81 | 5,034.06 | 3,633.30 |
| Net Worth | 2,350.05 | 1,559.32 | 947.45 |
| Profit | 790.72 | 611.87 | 404.00 |
| Total Borrowings | 00.00 | 00.00 | 00.00 |
#8. DelaPlex Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 10.82 | 8.37 | 5.53 |
| RoNW (%) | 33.65 | 39.24 | 42.64 |
| NAV (Rs.) | 32.15 | 21.33 | 12.96 |
#9. DelaPlex Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs)) |
RoNW (%) | NAV (Rs.) |
| Micropro Software | – | 34.79 | 658.96 |
| Sigma Solve | – | 15.15 | 12.44 |
#10. DelaPlex Company Promoters
The company has five promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Nitin Sachdeva |
| 02. | Manish Iqbalchand Sachdeva |
| 03 | Mark T. River |
| 04 | Preeti Sachdeva |
| 05 | DelaPlex INC |
#11. DelaPlex Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | 73.66 |
#12. DelaPlex IPO Reservation Details
DelaPlex IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Share Offered | Not less than 35% of the issue size |
| QIB Shares Offered | Not more than 50% of the issue size |
| NII (HNI) Shares Offered | Not less than 15% of the issue size |
#13. DelaPlex IPO – Lot Size
An investor can apply for a minimum of 600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 600 | 1,15,000 |
| Retail (Max.) | 1 | 600 | 1,15,000 |
| HNI (Min.) | 2 | 1,200 | 2,30,400 |
| HNI (Max.) | – | – | – |
#14. DelaPlex IPO – Prospectus Copy
An investor can download/view the DelaPlex prospectus copy, which the company filed to exchange, details are as follows.
| DelaPlex IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. DelaPlex IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-022-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. DelaPlex IPO Lead Manager
Shreni Shares Limited
Phone No.: +91-022-20897022
E-Mail: shrenishares@gmail.com
Website: www.shreni.in
#17. DelaPlex IPO Application (How to Apply for an IPO)
There are three primary options for applying for a DelaPlex IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “DelaPlex Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “DelaPlex Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. DelaPlex Company Details
DelaPlex Limited
Registered Office: 554/31, Utkarsh Nagar, Near K.T. Nagar, Katol Road, Nagpur-440013, Maharashtra
Phone No: +91-9766660249
Email: investor@delaplex.in
Website: www.delaplex.in
Investor Grievances/Compliance Officer: Manishraj Bhuwanchan Bhatt
#19. DelaPlex Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. DelaPlex Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Nitin Sachdeva |
| 02. | Preeti N Sachdeva |
DelaPlex IPO – Frequently Asked Questions (FAQs)
| #1. What is a DelaPlex IPO?
DelaPlex brings its IPO of Rs. 46.08 Crore, on January 25, 2024, with a price band of Rs.186 to Rs.192 per share. |
| #2. What is the DelaPlex IPO Open date?
DelaPlex IPO’s opening date is January 25, 2024. |
| #3. What is the DelaPlex IPO Close Date?
DelaPlex IPO’s closing date is January 30, 2024. |
| #4. What is the DelaPlex IPO Listing date?
DelaPlex’s IPO listing date is February 02, 2024. |
| #5. What is the DelaPlex IPO Minimum investment amount?
DelaPlex IPO’s minimum investment amount is Rs. 1,15,200. |
| #6. What is the DelaPlex IPO offer issue Size?
DelaPlex offers an issue size of Rs. 46.08 Crore. |
| #7. What is the DelaPlex IPO Price Band?
DelaPlex’s IPO price band is Rs.186 to Rs.192 per share. |
| #8. Is DelaPlex IPO mainboard IPO or SME IPO?
DelaPlex IPO is an SME IPO. |
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