DelaPlex Limited
IPO Details
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₹145(75.52%)
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DelaPlex Limited's has transitioned to a publicly listed entity following its IPO debut on Feb 02, 2024 at the NSE exchange. The public offering successfully raised 24,00,000 Shares, consisting of 18,00,000 Sharesin new capital and ₹11.52 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹186 to ₹192 and minimum application size of 600 shares. Market reception was evidenced through subscription activity between Jan 25, 2024 and Jan 30, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Jan 31, 2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
DelaPlex Limited, incorporated on February 12, 2004, is a subsidiary of U.S.-based delaPlex INC., which holds a 51% stake in the company. Specializing in technology and software development solutions, DelaPlex offers consulting services to drive client growth, revenue, and market value. The company provides a broad range of tech solutions, including software-defined data centers, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and artificial intelligence. Its test engineers hold ISTQB Gold certification, and the company's information security management system is ISO/IEC 27001:2022 certified, with compliance to ISO 9001:2015 for quality management. Headquartered in Nagpur, with additional offices in Pune, Hyderabad, and Bengaluru, DelaPlex operates in India, the USA, and Dubai (UAE). For the financial years 2023, 2022, and 2021, the company's revenue from operations was ₹2,337.75 Lakhs, ₹4,283.60 Lakhs, ₹4,014.73 Lakhs, and ₹3,214.45 Lakhs, respectively, with a significant portion derived from international sales. As of September 30, 2023, DelaPlex had 300 personnel, including 286 employees and 14 contractors managing business operations, administration, secretarial, legal, and accounting functions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Nitin Sachdeva
- Mr. Manish Iqbalchand Sachdeva
- Mr. Mark T. River
- Ms. Preeti Sachdeva
- M/s delaPlex INC.
DelaPlex Limited
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