Vertexplus Technologies Limited IPO (Vertexplus Technologies IPO) Detail

Mar 2, 2023 - Mar 6, 2023

Incorporated in 2010, Vertexplus Technologies Limited is an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company. The company is engaged in consulting, outsourcing, infrastructure, and digital solutions and services.

Over the years, the company has gained experience across various industries and sectors. We collaborate with companies to fulfill their ever-evolving Information Technology needs and support their business with our enabling solutions to strengthen their current capabilities and build pathways for sustainable growth.

Vertexplus ensures quality and time delivery in the most cost-effective manner to determine the success of complex enterprise projects through five delivery models:

Off-shore Model
On-site Model
Hybrid Model
Global Model
Strategic Partnerships

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objects: -

To Meet Working Capital Requirement
General Corporate Purpose
To Meet the Issue Expenses

Vertexplus Technologies IPO Details

IPO Date	Mar 2, 2023 to Mar 6, 2023
Listing Date	Mar 15, 2023
Face Value	₹10 per share
Price	₹91 to ₹96 per share
Lot Size	1200 Shares
Total Issue Size	1,479,600 shares (aggregating up to ₹14.20 Cr)
Fresh Issue	1,479,600 shares (aggregating up to ₹14.20 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME

Vertexplus Technologies IPO Reservation

QIB Shares Offered	286,800 (Not more than 50% of the Net Issue)
NII (HNI) Shares Offered	211,200 (Not less than 15% of the Net Issue)
Retail Shares Offered	492,000 (Not less than 35% of the Net Issue)
Market Maker portion	74,400 shares (PRABHAT FINANCIAL SERVICES LTD.)
Anchor Investor Shares Offered	415,200
Total Shares Offered	1,405,200

KPIs

KPI	Values
P/E (x)	28.83
Market Cap (₹ Cr.)	52.6

Vertexplus Technologies IPO Tentative Timetable

Vertexplus Technologies IPO opens on Mar 2, 2023, and closes on Mar 6, 2023.

Event	Tentative Date
Opening Date	Mar 2, 2023
Closing Date	Mar 6, 2023
Basis of Allotment	Mar 10, 2023
Initiation of Refunds	Mar 13, 2023
Credit of Shares to Demat	Mar 14, 2023
Listing Date	Mar 15, 2023
UPI Mandate Confirmation Cut-Off Time	5.00 PM on the issue closing day

Vertexplus Technologies IPO Lot Size

The Vertexplus Technologies IPO lot size is 1200 shares.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹115,200
Retail (Max)	1	1200	₹115,200
HNI (Min)	2	2,400	₹230,400
Lot Size Calculator

Vertexplus Technologies IPO Promoter Holding

Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya are the Promoters of the company.

Pre Issue Share Holding	100.00%
Post Issue Share Holding

Company Financials

Vertexplus Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	989.70	1,963.92	61.23	380.37	379.37	209.55
31-Mar-21	1,103.71	2,025.61	104.98	487.15	486.15	227.40
31-Mar-22	1,308.76	2,132.04	186.05	673.11	273.11	279.15
30-Sep-22	1,599.17	1,091.71	91.26	807.62	407.62	360.61
Amount in ₹ Lakhs

Vertexplus Technologies IPO Review (May apply)

[Dilip Davda] VTL is an IT solution service provider operating in a highly competitive segment. Based on its current financial data, the issue appears aggressively priced. A small equity base post-IPO also indicated longer gestation for migration to the mainboard. Well-informed/cash surplus investors may consider parking of funds for the long term. Read detail review...

Vertexplus Technologies IPO Subscription Status (Bidding Detail)

The Vertexplus Technologies IPO is subscribed 11.01 times on Mar 6, 2023 7:00:00 PM. The public issue subscribed 15.53 times in the retail category, 1.43 times in the QIB category, and 35.15 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
QIB	1.43
NII	35.15
Retail	15.53
Total	11.01

Vertexplus Technologies IPO Anchor Investors Details

Vertexplus Technologies IPO Anchor Investors list

Bid Date	Mar 1, 2023
Shares Offered	415,200
Anchor Portion Size (In Cr.)	3.99
Anchor lock-in period end date for 50% shares (30 Days)	Apr 27, 2023
Anchor lock-in period end date for remaining shares (90 Days)	Jul 24, 2023

Vertexplus Technologies IPO Prospectus

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Vertexplus Technologies IPO Rating

2.1

Rating:

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Vertexplus Technologies IPO Listing Details

Listing Date	Mar 15, 2023
BSE Script Code
NSE Symbol	VERTEXPLUS
ISIN	INE0NLB01018
IPO Price	₹96 per share

Listing Day Trading Information

Price Details
IPO Price
Open
Low
High
Last Trade

NSE SME
₹96.00
₹101.00
₹101.00
₹106.05
₹106.05

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Company Contact Information

Vertexplus Technologies Limited
B-19, 10-B Scheme,
Gopalpura Road
Jaipur - 302018
Phone: +91 141 6622200 / 02
Email: support@vertexplus.com
Website: https://www.vertexplus.com/global/en/

Vertexplus Technologies IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/

Vertexplus Technologies IPO Analysis

Vertexplus Technologies IPO Recommendation Summary

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

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Vertexplus Technologies IPO Lead Manager(s)

Beeline Capital Advisors Pvt Ltd (Past IPO Performance)

Lead Manager Reports

SME IPO Enquiry

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Vertexplus Technologies IPO FAQs

Vertexplus Technologies IPO is a SME IPO of 1,479,600 equity shares of the face value of ₹10 aggregating up to ₹14.20 Crores. The issue is priced at ₹91 to ₹96 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Mar 2, 2023, and closes on Mar 6, 2023.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

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

Steps to apply in Vertexplus Technologies IPO through Zerodha

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

Visit Zerodha IPO Application Process Review for more detail.

The Vertexplus Technologies IPO opens on Mar 2, 2023 and closes on Mar 6, 2023.

Vertexplus Technologies IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Vertexplus Technologies 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 Vertexplus Technologies IPO will be done on Mar 10, 2023, and the allotted shares will be credited to your demat account by Mar 14, 2023. Check the Vertexplus Technologies IPO allotment status.

The Vertexplus Technologies IPO listing date is on Mar 15, 2023.

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