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DelaPlex Limited IPO (DelaPlex IPO) Detail

January 25, 2024 - January 30, 2024

DelaPlex IPO is a book built issue of Rs 46.08 crores. The issue is a combination of fresh issue of 18 lakh shares aggregating to Rs 34.56 crores and offer for sale of 6 lakh shares aggregating to Rs 11.52 crores.

DelaPlex IPO bidding started from January 25, 2024 and ended on January 30, 2024. The allotment for DelaPlex IPO was finalized on Wednesday, January 31, 2024. The shares got listed on NSE SME on February 2, 2024.

DelaPlex IPO price band is set at ₹186 to ₹192 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹230,400.

Shreni Shares Limited is the book running lead manager of the DelaPlex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DelaPlex IPO is Shreni Shares.

Refer to DelaPlex IPO RHP for detailed information.

DelaPlex IPO Details

IPO Date January 25, 2024 to January 30, 2024
Listing Date February 2, 2024
Face Value ₹10 per share
Price Band ₹186 to ₹192 per share
Lot Size 600 Shares
Total Issue Size2,400,000 shares
(aggregating up to ₹46.08 Cr)
Fresh Issue1,800,000 shares
(aggregating up to ₹34.56 Cr)
Offer for Sale600,000 shares of ₹10
(aggregating up to ₹11.52 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue7,310,000
Share holding post issue9,110,000
Market Maker portion122,400 shares
Shreni Shares

DelaPlex IPO Reservation

DelaPlex IPO offers 2,400,000 shares. 455,400 (18.98%) to QIB, 342,000 (14.25%) to NII, 797,400 (33.23%) to RII and 682,800 (28.45%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered682,800 (28.45%)
Market Maker Shares Offered122,400 (5.10%)
QIB Shares Offered455,400 (18.98%)
NII (HNI) Shares Offered342,000 (14.25%)
Retail Shares Offered797,400 (33.23%)
Total Shares Offered2,400,000 (100%)

DelaPlex IPO Anchor Investors Details

DelaPlex IPO raises Rs 13.11 crore from anchor investors. DelaPlex IPO Anchor bid date is January 24, 2024. DelaPlex IPO Anchor Investors list

Bid Date January 24, 2024
Shares Offered 682,800
Anchor Portion Size (In Cr.) 13.11
Anchor lock-in period end date for 50% shares (30 Days) March 1, 2024
Anchor lock-in period end date for remaining shares (90 Days) April 30, 2024

DelaPlex IPO Timeline (Tentative Schedule)

DelaPlex IPO opens on January 25, 2024, and closes on January 30, 2024.

IPO Open Date Thursday, January 25, 2024
IPO Close Date Tuesday, January 30, 2024
Basis of Allotment Wednesday, January 31, 2024
Initiation of Refunds Wednesday, January 31, 2024
Credit of Shares to Demat Thursday, February 1, 2024
Listing Date Friday, February 2, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 30, 2024

DelaPlex IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹115,200
Retail (Max) 1 600 ₹115,200
HNI (Min) 2 1,200 ₹230,400
Lot Size Calculator

DelaPlex IPO Promoter Holding

The Promoters of the Company are Mr. Nitin Sachdeva, Mr. Manish Iqbalchand Sachdeva, Mr. Mark T. River, Ms. Preeti Sachdeva and M/s delaPlex INC.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.66%

About DelaPlex Limited

Incorporated on February 12, 2004, DelaPlex Limited is a subsidiary of delaPlex INC., which is a U.S.-based enterprise. DelaPlex INC. holds 51% of the company's shares. The Company provides technology and software development solutions and consulting services to help clients achieve growth, revenue, and marketplace value.

The company also provides various tech solutions including software-defined data centers, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and artificial intelligence.

The company's test engineers hold ISTQB Gold certification, and its information security management system is ISO/IEC 27001:2022 certified. The company also complies with the requirements of ISO 9001:2015 for its Quality Management System.

The company's registered office is in Nagpur, with additional presence in Pune, Hyderabad, and Bengaluru.

The company provides services in India as well as in USA, and Dubai (UAE).

As of September 30, 2023, and for the financial year ended 2023, 2022 and Fiscal 2021, the company's revenue from operations was respectively ₹ 2,337.75 Lakhs, and ₹ 4,283.60 Lakhs, ₹ 4,014.73 Lakhs and ₹ 3,214.45 Lakhs was derived from sales outside of India.

As of September 30th, 2023, the company has a total of 300 personnel, with 286 employees on our payroll and 14 contractors responsible for the day-to-day business operations, administrative, secretarial, legal and accounting functions according to their respective designated duties.

DelaPlex Limited Financial Information (Restated)

DelaPlex Limited's revenue increased by 9.69% and profit after tax (PAT) rose by 29.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,185.452,638.331,790.901,100.77
Revenue2,814.285,521.815,034.063,633.30
Profit After Tax425.53790.72611.87404.00
Net Worth2,775.582,350.051,559.32947.45
Reserves and Surplus2,774.582,349.051,558.32946.45
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of DelaPlex IPO is Rs 174.91 Cr.

KPI Values
ROE40.45%
ROCE56.73%
RoNW56.73%
P/BV0
Pre IPO Post IPO
EPS (Rs) 10.829.34
P/E (x) 17.7520.55
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (DelaPlex IPO Objectives)

The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects:

  • APAC - Advertisement, Sales and Marketing expenses towards enhancing the awareness
  • Funding Working Capital Requirements of the Company
  • Funding of capital expenditure requirements of the Company towards the purchase of Office Laptops;
  • General corporate purposes and unidentified inorganic acquisition;

DelaPlex IPO Review (May apply)

[Dilip Davda]  The company is a global IT related solutions and service provider. It marked steady growth in its top and bottom lines for the reported periods. Based on annualized FY24 earnings, the issue appears fully priced discounting all near term positives. Well-informed investors may park funds for the medium to long term rewards. Read detail review...


DelaPlex IPO Subscription Status (Bidding Detail)

The DelaPlex IPO is subscribed 177.80 times on January 30, 2024 7:30:00 PM. The public issue subscribed 159.91 times in the retail category, 90.91 times in the QIB category, and 335.23 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB90.91
NII335.23
Retail159.91
Total177.80

Total Application : 212,517 (159.91 times)

DelaPlex IPO Prospectus

DelaPlex IPO Rating

3
4.7
Rating:Rated 4.7 stars
Vote Here ...

DelaPlex IPO Listing Details

Listing Date February 2, 2024
BSE Script Code
NSE Symbol DELAPLEX
ISIN INE0SK801018
Final Issue Price ₹192 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹192.00
₹309.00
₹293.55
₹324.45
₹324.45

Check IPO Performance…

DelaPlex Limited Contact Details

DelaPlex Limited
554/31, Utkarsh Nagar,
Near K.T Nagar,
Katol Road, Nagpur – 440013,
Phone: + 91 9766660249
Email: investor@delaplex.in
Website: https://delaplex.in/

DelaPlex IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

DelaPlex IPO - Buy or Not

DelaPlex IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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DelaPlex IPO FAQs

DelaPlex IPO is a SME IPO of 2,400,000 equity shares of the face value of ₹10 aggregating up to ₹46.08 Crores. The issue is priced at ₹186 to ₹192 per share. The minimum order quantity is 600 Shares.

The IPO opens on January 25, 2024, and closes on January 30, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in DelaPlex IPO using UPI as a payment gateway. Zerodha customers can apply in DelaPlex IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in DelaPlex IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'DelaPlex IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The DelaPlex IPO opens on January 25, 2024 and closes on January 30, 2024.

DelaPlex IPO lot size is 600 Shares, and the minimum amount required is ₹115,200.

You can apply in DelaPlex IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for DelaPlex IPO will be done on Wednesday, January 31, 2024, and the allotted shares will be credited to your demat account by Thursday, February 1, 2024. Check the DelaPlex IPO allotment status.

The DelaPlex IPO listing date is on February 2, 2024.
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DelaPlex IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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216 Comments

98. CASuraj |   Link |  Bookmark |February 29, 2024 10:09:06 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear @Admin @ Chittorgarh.com there seems to be a problem with subscription numbers, please correct immediately. It's the last day so important figure for taking decision.
97. Mr. Agrawal |   Link |  Bookmark |February 16, 2024 12:59:45 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Trend has changed .. Some seniors here have added more ..
110,000 quantity bought today at avg price of 316.. this should become a support for further upmove..

what do you guys think can it hit 350 anytime soon??? In morning it felt it would hit 20% UC today itself but waiting now ..
97.1. karthik k |   Link |  Bookmark |February 16, 2024 2:38:02 PM
@Mr. Agrawal i hope you are right ,but i also feel some one is trying to buy at lows, so only this down move. and what is your avg price?
97.2. Mr. Agrawal |   Link |  Bookmark |February 16, 2024 2:45:58 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Bhai bhot bada khel ho rha hai... Koi Subah se 240 par bulk order lga kar betha hai.. to create panic... Order mai amount block krke betha hai isse toh kuch trade le sakta tha . . But he somehow kept lowering buy order price and now it's around 302 from 327 real quick.

Kasam se 240 jane do share ko 1 bar .. itna bda bhi ni hai yeh ipo sarak gayi toh jitna milega sab utha lenge HNIs .. anchor ka QiB ka retailer ka sabka maal lega re Tera HNI Ane wale samay mai.. LOL
96. Mr. Agrawal |   Link |  Bookmark |February 14, 2024 9:37:51 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
It's highly likely To hit UC today .
Before circuit filter changes here.. investors need to set a Positive trend ..
96.3. Mr. Agrawal |   Link |  Bookmark |February 14, 2024 2:48:19 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
On Friday.. so expecting 1 more UC tomorrow
96.4. Mr. Agrawal |   Link |  Bookmark |February 15, 2024 9:51:24 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
One more UC hit ..seems ready for tomorrow
95. Mr. Agrawal |   Link |  Bookmark |February 7, 2024 10:59:45 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Delaplex and Konstellec ka chart exact same upto here ... Then see what happened there..
94. VIPVIP |   Link |  Bookmark |February 6, 2024 11:32:18 AM (300+ Posts)
Gai Bhens Pani Me...

Ab kya kare... please give some idea...
94.1. Mr. Agrawal |   Link |  Bookmark |February 6, 2024 5:14:07 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Bought 1 lot today.. bhains Pani mai ja sakti hai .. Pani mai reh nahi sakti !
93. K.Atar |   Link |  Bookmark |February 5, 2024 10:48:36 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Delaplex is into AI (Artificial intelligence) and Robotics.. A long term wealth creator.
93.2. Ipoaspire |   Link |  Bookmark |February 12, 2024 8:59:09 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Don't worry about fluctuations.today many stocks blood bath...this is long term gem..every dip is a buying opportunity.if u have funds u can avg or leave it for upto oct 24 and see the magic.
93.3. Mr. Agrawal |   Link |  Bookmark |February 13, 2024 12:04:48 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@Ipoaspire Thank you 😊
92. Kapil Kkumar |   Link |  Bookmark |February 3, 2024 2:30:34 PM
Sir Delaplex ka short term Target kya rakhna chahiye please guide .
91. Manishsme |   Link |  Bookmark |February 3, 2024 1:50:08 PM
sir
is delaplex worth buying on monday ? please guide
91.1. ManishDwiv |   Link |  Bookmark |February 4, 2024 7:12:33 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
YES its a PF stock..Buy and forget for next 1 year.
90. Always Right |   Link |  Bookmark |February 2, 2024 12:48:27 PM
Khera hobe after results
90.2. POLARSTAR |   Link |  Bookmark |February 2, 2024 9:53:14 PM
@Always Right Sir , are results going to be stellar?? U know anything..... please give some hints sir🙏
90.3. Always Right |   Link |  Bookmark |February 2, 2024 11:09:51 PM
The company is in the field of supply chain management, also good support of US group company. Ready market for the software product.The management is holding 73% equity sounds confidence.
89. ManishDwiv |   Link |  Bookmark |February 2, 2024 7:03:50 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
*DELAPLEX       Bulk today*

HARSHIT BIREN GANDHI       *BUY*       48,000       309.00      -

HEENA GANDHI       *BUY*       48,000       309

SAURABH TRIPATHI       *BUY*      60,600       306.64      -
89.1. Savio |   Link |  Bookmark |February 5, 2024 11:25:48 AM
Saw no fliggers have entered this stock on listing day.Suprising but good
88. Unknown Man |   Link |  Bookmark |February 2, 2024 6:23:45 PM
No block/bulk deals
87. IPOCB |   Link |  Bookmark |February 2, 2024 5:33:30 PM
@lokes, Noorul, ipoaspire, rohiitian, newgen consultancy and other respected members...wants your view on siyaram recycling..what to do now..I have one lot of preopen @55 and second @ 103 average 79 ..I couldn't book profit earlier, still I have profit...I can hold for one-two year with capital protection..what to do now ... book profit or hold some time... Thanks in Advance...
86. karthik k |   Link |  Bookmark |February 2, 2024 10:13:24 AM
@Noorul @lokes @newgen consultancy  guys is it a longterm stock or should i book profit? your suggestions means a lot . thank you
86.1. lokes |   Link |  Bookmark |February 2, 2024 3:11:24 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
company looks good from its sector/business/services perspective, valuations are reasonable and its a subsidiary of US based company....financials numbers also looks good, i think it can be hold for some months to see further movement or upto next results and then decide further....
I added multiple lots today here at lc, i will sell half in short term and hold remaining for some months...
86.2. karthik k |   Link |  Bookmark |February 2, 2024 3:21:39 PM
@lokes thank you bro for the review. and do you have any ideas for kausalya logistics?
85. Unknown Man |   Link |  Bookmark |February 2, 2024 10:31:26 AM
Am I the only one who is seeing this as mainboard ipo. The lot size is 1 share in zerodha..same as mainboard shares.

There is no 600 shares of lot to be traded.

I would share the screenshot if I could
85.1. ValueSeeker |   Link |  Bookmark |February 2, 2024 10:44:53 AM
IPO Guru IPO Guru (1500+ Posts, 600+ Likes)
For SMEs, you need to put in lot numbers in the qty field.
1 lot means 600 shares here.
85.2. Unknown Man |   Link |  Bookmark |February 2, 2024 1:59:24 PM
I know that. Sme shows on top itself the lot size.. it is showing 1 share to me. Which is bizzare.some glitch maybe in zerodha
84. Manishsme |   Link |  Bookmark |February 2, 2024 1:02:37 PM
what would be the short term or long term target for delaplex?
83. POLARSTAR |   Link |  Bookmark |February 2, 2024 12:25:43 PM
Khela ho gaya isme to 💥💥😅😁
82. Mr. Agrawal |   Link |  Bookmark |February 2, 2024 10:28:40 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
UC Soon !
82.1. Mr. Agrawal |   Link |  Bookmark |February 2, 2024 10:42:40 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
UC hit + volume almost 11L .. Good for next few UC's too .. would see for any bulk deals .. flippers ghuse bhi honge toh 2-3 din pareshan karenge phir woh new stock mai chale jaenge ..
Everyone who is buying should post here it boosts confidence to hold .. thanks !
82.2. Simply Vicky |   Link |  Bookmark |February 2, 2024 10:55:14 AM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Finally got it at lc...will hold for med term
81. VIPVIP |   Link |  Bookmark |February 2, 2024 10:28:17 AM (300+ Posts)
Add 1 more @ 293.55
80. VIPVIP |   Link |  Bookmark |February 2, 2024 10:22:24 AM (300+ Posts)
I have also buy 1 lot...
79. Mr. Agrawal |   Link |  Bookmark |February 2, 2024 10:16:51 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
8.7L / 11L already cornered (retail+ Hni Quota)... Hopefully LC won't last longer here.. added 1 lot in open .. bidded at above 400 this time .. no issue alot of good players entered at 309 rs ..so Every LC is a buying opportunity