DelaPlex Limited is gearing up for its Initial Public Offering (IPO) to raise capital for strategic initiatives. The IPO, a book-built issue, comprises 24 lakh shares, including 18 lakh fresh issue shares and an offer for sale of 6 lakh shares. Here’s a comprehensive overview of the DelaPlex IPO:
**Key Details of DelaPlex IPO:**
– **IPO Dates:** January 24, 2024, to January 29, 2024
– **Price Bands:** Yet to be announced
– **Lot Size:** To be disclosed
– **Total Issue Size:** 2,400,000 shares (aggregating up to ₹[.] Cr)
– **Fresh Issue:** 1,800,000 shares (aggregating up to ₹[.] Cr)
– **Offer for Sale:** 600,000 shares of ₹10 (aggregating up to ₹[.] Cr)
– **Issue Type:** Book Built Issue IPO
– **Listing Venue:** NSE SME
– **Listing Date:** Tentatively set for Thursday, February 1, 2024
**Reservation Breakdown:**
– **QIB:** Not more than 50% of the Net Issue
– **Retail:** Not less than 35% of the Net Issue
– **NII (HNI):** Not less than 15% of the Net Issue
**DelaPlex IPO Timeline:**
– **IPO Opens:** January 24, 2024
– **IPO Closes:** January 29, 2024
– **Basis of Allotment:** January 30, 2024
– **Refund Initiation:** January 31, 2024
– **Credit of Shares to Demat:** January 31, 2024
– **Listing Date:** February 1, 2024
**Promoter Holding:**
The promoters of DelaPlex Limited include Mr. Nitin Sachdeva, Mr. Manish Iqbalchand Sachdeva, Mr. Mark T. River, Ms. Preeti Sachdeva, and M/s delaPlex INC.
**About DelaPlex Limited:**
Incorporated on February 12, 2004, DelaPlex Limited is a technology and software development solutions provider. It operates as a subsidiary of delaPlex INC., a U.S.-based enterprise holding 51% of the company’s shares. DelaPlex offers a spectrum of tech solutions, including software-defined data centers, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and artificial intelligence.
DelaPlex’s expertise extends beyond national borders, providing services not only in India but also in the USA and Dubai (UAE). With a robust team of 300 personnel, the company stands out for its ISTQB Gold-certified test engineers and ISO/IEC 27001:2022 certified information security management system.
**Financial Performance:**
DelaPlex Limited exhibited steady financial growth, with revenue increasing by 9.69%, and profit after tax (PAT) rising by 29.23% between the financial years ending March 31, 2023, and March 31, 2022.
**IPO Objectives:**
The Net Proceeds from the Fresh Offer will be channeled towards:
– Advertisement, Sales, and Marketing expenses in the Asia-Pacific (APAC) region
– Funding working capital requirements
– Capital expenditure for the purchase of office laptops
– General corporate purposes and unidentified inorganic acquisitions
**Conclusion:**
DelaPlex IPO presents an opportunity for investors to participate in a technology-driven company with a global footprint. The funds raised will empower DelaPlex to further enhance its presence, fueling growth in the dynamic field of technology and software solutions.
