DelaPlex IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 600 shares per lot .

IPO Details

Bidding Dates

25 Jan '24 - 30 Jan '24

Minimum Investment

₹115,200 / 1 Lots ( 600 Shares )

Price Range

₹186 - ₹192

Maximum Investment

₹115,200 / 1 Lots ( 600 Shares )

Retail Discount

Not Applicable

Issue Size

₹46.08 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jan 25, 2024

Closing Date

Jan 30, 2024

Basis of Allotment

Jan 31, 2024

Initiation of Refunds

Jan 31, 2024

Credit of Shares to Demat

Feb 1, 2024

Listing Date

Feb 2, 2024

Cut-off time for UPI mandate confirmation

Jan 30, 2024

IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Jan 25, 2024	0.00x	0.84x	1.84x	4.82x

IPO Subscription Live Status

Investor Category	Subscription (Times)
Qualified Institutions Buyers	0.00
Non-Institutional Buyers	0.84
Retail Investors	1.84
Total	4.82

About DelaPlex Ltd

DelaPlex Limited (dpl) is a subsidiary of delaPlex INC., a U.S.- based enterprise, where delaPlex INC. holds 51% of the company's shares. DelaPlex is a technology and software development solution and consulting provider, helping client companies achieve growth, revenue and marketplace value.

It is a global technology partner in Supply Chain Consulting, Custom Software Development, Cloud Services, and Data Science. Furtherthe company offers various other tech solutions encompassing software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security solutions, data analytics, and artificial intelligence. Presently, the company focuses on its supply chain IT solutions, consulting and developing a global client base.

In 2022, the revenue of the software products sector in India was around $7.3 billion. It was also estimated that the revenue would rise to $14.4 billion in 2028, i.e. by a CAGR of almost 12%. In a growing sector like the IT industry in India, major organised player like delaPlex can expand its revenue over the years.

DelaPlex Ltd IPO Details

DelaPlex Ltd IPO Date

The dates for bidding for the DelaPlex IPO are January 25, 2024, to January 30, 2024.

DelaPlex Ltd IPO Price Band

DelaPlex is a book-built IPO. The exact price range is ₹186 to ₹192 per share.

DelaPlex Ltd IPO Lot Size

The DelaPlex Ltd IPO lot size is 600 shares per lot.

DelaPlex Ltd IPO Objectives

The proceeds from the fresh issue will be used for the following objectives:

Advertisement, sales and marketing expenses towards enhancing the awareness.
Funding working capital requirements.
Funding of capital expenditure requirements towards purchase of office Laptops.
General corporate purposes and unidentified inorganic acquisition.

Peer Details

The following are some of the listed peers of DelaPlex:

Ksolves India Limited
Micropro Software Solutions Limited
Sigma Solve Limited

How To Check the Allotment Status of the DelaPlex Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of DelaPlex Ltd

Registered office: 554/31, Utkarsh Nagar, Near K.T. Nagar, Katol Road, Nagpur – 440013, Maharashtra, India.

Phone: + 91 9766660249

E-mail: investor@delaplex.in

IPO Financials

Particulars	Year Ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Income	5,521.81	5,034.06	3,633.30
Profit After Tax	790.72	611.87	404.00
Return on Capital Employed	56.73%	68.81%	72.68%
Return on Equity	40.45%	48.82%	50.46%
Current Ratio (in times)	23.49	22.15	34.51

Know before investing

Strengths

They specialise in designing customised software solutions and crafting them as per the client’s unique requirements. This leads to higher client satisfaction and building relationships over time.
Their customer base is spread across the globe with presence majorly in the United States of America. This allows them access to a market that has massive value.
Their focus is on automation, IT initiatives, digital tools, and value driven approaches. In a post-Covid world of digital transformation, such services may be in great demand.

Risks

Their top five customers accounted for 99.37% of their revenue from operations for the period ended September 30, 2023 out of which revenue from their own body corporate promoter accounted for 62.56%. This shows a level of concentration of revenue sources that leads to a risk for its future sales.
Their revenues are also highly dependent on customers located in the United States. This also creates a degree of geographical concentration which may be risky to stable revenues.
The world of IT services is changing rapidly, especially after the coming of AI. Their business thus faces the risk of failure to anticipate and develop new services and enhance existing services.