IPO Details

Bidding Dates

01 Mar '23 - 05 Mar '23

Minimum Investment

₹115,200 / 1 Lots ( 1200 Shares )

Price Range

₹91-₹96

Maximum Investment

₹115,200 / 1 Lots ( 1200 Shares )

Retail Discount

To be announced

Issue Size

14.20 Cr

Investor category and sub category

To be announced

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 1, 2023

IPO Closing Date

Mar 5, 2023

Basis of Allotment

Mar 9, 2023

Initiation of Refunds

Mar 12, 2023

Credit of Shares to Demat Account

Mar 13, 2023

IPO Listing Date

Mar 14, 2023

Vertexplus Technologies IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Mar 1, 2023

 0.00 0.33 1.00 0.40

Day 2Mar 2, 2023

 0.00 0.63 2.85 1.09

Day 3Mar 5, 2023

 0.58 35.15 15.53 11.01

Vertexplus Technologies IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 0.58
Non-Institutional Buyers 35.15
Retail Investors 15.53
Employees [.]
Others [.]
Total 2.31

About Company

As an Information Technology firm, the company engages in consulting, outsourcing, infrastructure building, and digital solutions and services providing. Incorporated in 2010, they are ISO 9001:2015 and ISO/IEC 27001:2013, helping businesses to leverage technology through an integrated technology stack that automates the process and accelerates operation.

Vertexplus Technologies ensures cost-effective, timely delivery of projects through the following delivery models. 

  • Offshore model
  • On-site model
  • Hybrid model
  • Global model 
  • Strategic Partnership

They cater to a diversified customer base from different industry backgrounds.

Vertexplus Technologies Ltd. IPO Objective

The money will be used to meet working capital requirements, general corporate purposes, and issue expenses. 

Why should you invest in Vertexplus Technologies Ltd. IPO?

Here are your top reasons to invest in the IPO. 

  • They offer technical solutions in modern and advanced technology like cloud solutions, machine learning, artificial intelligence, blockchain, video analytics, and the Internet of Things (IoT).
  •  India is the top offshore IT destination for companies with proven capabilities to deliver solutions in emerging technologies. 
  • There are a lot of opportunities for Indian IT companies as the Indian IT and business services industry is expected to grow by $19.93 billion by 2025.

Vertexplus Technologies Company Financials

Parameters Year ending on As on 31st March, 2022 (₹ lakhs) Year ending on 31st March, 2021 (₹ lakhs) Year ending on 31st March, 2020 (₹ lakhs)
Revenue from operation 2086.02 1963.93 1931.71
Profit After Tax 186.05 104.98 61.23
EBITDA 324.33 212.43 153.10
Total Asset 1,308.76 1103.71 989.70
Total Borrowing 279.15 227.40 209.55

Know before investing

Strengths

3

  1. They focus on expanding their business by forging long-term relationships with their customers.

  2. The company offers diversified services, including consulting, technology, infrastructure, and outsourcing services.

  3. They have a team of highly experienced and skilled staff.

Risks

3

  1. Increasing competition from local and big players poses threats to the company.

  2. They must adapt fast to rapidly changing technology to stay relevant to their customers.

  3. Changes in government policies can pose some threats to the company’s future business prospects.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Vertexplus Technologies IPO FAQs

What is Vertexplus Technologies Ltd. IPO?

Vertexplus Technologies Ltd. SME prepares to raise ₹14.20 crore from a sale of 1,479,600 equity shares. The offer will remain open for subscription from March 2 to 6, 2023

When will Vertexplus Technologies Ltd. IPO allotment available?

The IPO shares of Vertexplus Technologies Ltd. will be allotted on March 10, 2023.

What will be the Vertexplus Technologies Ltd. IPO lot size?

One lot of Vertexplus Technologies Ltd. IPO has 1200 shares.

When will Vertexplus Technologies Ltd. IPO open for subscription?

The IPO will open on March 02, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Vertexplus Technologies Ltd. list on exchanges?

The shares will list in the SME category of NSE exchanges on March 15, 2023.

How to check the allotment status of Vertexplus Technologies Ltd. IPO?

Angel One investor must log in to their accounts to check Vertexplus Technologies Ltd. IPO allotment status. When checking the allotment status, keep your application, DP ID, and PAN number ready. 

What would be the listing gains on the Vertexplus Technologies Ltd. IPO?

Listing gain is the difference between the IPO’s opening and offer prices.

The listing gain is a result of changing investors’ interests, global parameters, and short vs long-term outlooks

I have finished the application process for Vertexplus Technologies Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date. 

How to approve the UPI mandate request for Vertexplus Technologies Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Vertexplus Technologies Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Vertexplus Technologies Ltd. IPO?

The minimum size of the application will be one lot of 1200 shares.