Deltatech Gaming IPO

A gamer-centric gaming experience is provided by the different options of Deltatech Gaming Limited, a digitally native, technology-led gaming platform. They were among the first businesses in India to offer real money gaming, and Adda52 was the country’s first online poker site with a variety of poker games. Deltatech Gaming IPO will hit the stock market in September 2022.

About Deltatech Gaming

With a sizable gamer base and more than 34.5 percent of the market for more than seven years, Deltatech gaming have been labeled a “category pioneer” in India. [RedSeer Report, source]

Their investments in helping them create their own internal platforms and grow their data intelligence capabilities have become their primary expertise.

They think they provide a strong and streamlined omni-channel digital offering with fully integrated online play via mobile, web, and desktop versions, along with their offline capabilities.

They think they are in a good position to seize the chance for real money gambling because of our long history and player-first mentality. They want to be the platform that players who play for real money choose to use nationwide.

Business Model

Deltatech Gaming Limited have put resources into developing their own platforms over the years and keep doing so. By utilising adjacencies such game types, promos, etc.

They feel investing in their gaming platform and products is crucial for company improvement, growth potential for onboarding of new players, and retention of our present players.

They contend that the distributed and scalable architecture of the platforms they have had their engineers design gives their users a flexible, uninterrupted, and secure gaming experience.

They think they have the essential pace for innovation thanks to their agile development technique. They have been able to drive innovation and relevance, which has increased player engagement thanks to their gamer data pools and insights into player preferences.

Data Analytics

Their data analytics skills, powered by scalable data engineering, enable them to consume a large number of data points and utilise such technology by tracking gamer opinions and data from the games played by gamers, such as the favoured game of the gamers, the ideal variant, the scope of buy-in, and the regularity of playing the games of such gamers, to further enhance their offerings on their platforms.

As a result, they are better able to understand their players and meet their needs, which allows them to monetize their services and maintain positive EBITDA.

They have been able to keep players on their platform as a result of this. Deltatech Gaming think they are well-positioned compared to their Indian-based rivals.

Deltatech Gaming IPO

Deltatech Gaming Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 550 Crore on 10 June 2022.

The offer includes a fresh issue of INR 300 Crore and there is offer for sale (OFS) of INR 250 by the promoters mentioned in the DRHP. They are looking for a Pre-IPO placement of INR 50 Crore in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
		31-Mar-22	31-Mar-21	31-Mar-20
Total Assets		52.10	72.55	76.89
Total Revenue		137.63	156.05	132.16
Profit After Tax		(4.66)	21.53	39.90

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2022	(0.53)	(0.53)	3
Financial Year 2021	3.14	3.13	2
Financial Year 2020	5.92	5.92	1
Weighted Average	1.77	1.77

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the offer price:

• Category pioneer with over ten years of expertise and market revenue leadership.
• Their capacity to employ gamer data and internal technology.
• Showed the ability to create a real money gaming company with reliable positive operating cash flows and EBIDTA.
• The power of the “DELTIN” brand and the solid parentage of our Promoter, Delta Corp Limited, a pioneer in the Indian gaming sector.
• Seasoned management group with a successful track record.

Deltatech Gaming Peer Comparison

S. No.	Face Value	Company Name	PE
1	4	Nazara Technologies Limited	123.53

1. All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
2. The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on June 13, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.

Deltatech Gaming IPO Details

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Issue Type	Book Building
Face Value	1 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	550 Crore
Fresh Issue	300 Crore
Offer for Sale	250 Crore

Deltatech Gaming IPO Date

Deltatech Gaming Limited IPO opening date is September 2022, and the closing date is September 2022. The Deltatech Gaming issue may list in September 2022.

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Basis of Allotment Date	September 2022
Initiation of Refunds	September 2022
Credit of Shares to Demat Account	September 2022
IPO Listing Date	September 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	10	Minimum 1 lot based on availability

Deltatech Gaming India Limited IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Deltatech Gaming IPO.

Deltatech Gaming IPO GMP

Deltatech Gaming Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Deltatech Gaming Limited IPO Review

Deltatech Gaming Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Deltatech Gaming IPO is good or bad.

Deltatech Gaming Limited IPO Risk

• There is regulatory ambiguity in India about their participation in skill-based fantasy and real money games.
• Since Adda52 accounts for a large percentage of their income, any new competitor in the real money gaming market might have a big influence on their operations.
• They experienced a net loss in Fiscal 2022, and it’s possible that they won’t be able to turn a profit soon, which might have a negative effect on their business.
• The size of our player base or the degree of involvement of their players may not be able to be maintained or increased, which could have an impact on their network liquidity.
• They rely on third-party providers to geo-tag and geo-block players coming from certain Indian states.

Other Threats

1. There are some processes concerning their firm, promoter, directors, and group companies that, if found in their favour, could negatively impact their operations, cash flows, and business.
2. Due to a busy sports season, their MAUs on Adda.games may be higher for a specific period in a Fiscal.
3. Adda.games was established in April 2021 and depends on outside developers to provide new games to their library.
4. A breach in security could have a negative impact on their operations. Failure to stop security breaches or respond to customers’ worries about such issues could seriously harm their organisation.
5. Regulations are scrutinised with regard to advertisements for their platforms. Any violation of these rules could have a negative impact on their business and cashflow.

Platform

Their technology team, which comprises about one-third of their whole workforce and supports the core of their intellectual property for both Adda52 and Adda.games, is capable of supporting their platforms.

In addition to strengthening their core competencies in game technology, they continue to seek partnerships and alliances with developers and create a developer ecosystem.

They continually develop and acquire technology for new products, and they have begun working with outside developers on a variety of various models, including fixed fee basis, revenue-share basis, etc.

Deltatech Gaming Limited IPO Brokerage views

Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Deltatech Gaming IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Deltatech Gaming Limited IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
September 2022	1
September 2022	2
September 2022	3

Deltatech Gaming Limited Management

Directors on their board have a wealth of management, advisory, and investment experience in the technology sector. Their Directors and KMPs have experience in a variety of industries and have been in charge of strengthening ties with several stakeholders, which has aided in the company’s growth and expansion.

Their chief executive officer, chief financial officer, and key managerial personnel all have extensive experience in the field of technology, developing consumer brands, e-commerce, and real-money gaming businesses.

Together, they make up their experienced professional leadership team. Their Chief Financial Officer has over 2 decades work expertise in finance and treasury operations, and their Chief Executive Officer has over 19 years of experience in client enterprises, corporate strategy, and wealth management.

Deltatech Gaming Limited‘ Promoters

• Delta Corp Limited

Promoter’s Holding

Pre Issue Share Holding	100%
Post Issue Share Holding

Deltatech Gaming Limited Prospectus