DelaPlex Limited IPO
DelaPlex Limited IPO
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DelaPlex Limited's has transitioned to a publicly listed entity following its IPO debut on 02-02-2024 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 25-01-2024 and 30-01-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 31-01-2024, 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 IPO About Company
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."
DelaPlex Limited IPO Strength Factors
NA
DelaPlex Limited IPO Risk Factors
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DelaPlex Limited IPO Lead Manager(s)
- Shreni Shares Limited
DelaPlex Limited IPO Promoter(s)
- Mr. Nitin Sachdeva
- Mr. Manish Iqbalchand Sachdeva
- Mr. Mark T. River
- Ms. Preeti Sachdeva
- M/s delaPlex INC.
DelaPlex Limited IPO FAQs
DelaPlex Limited IPO subscribed 177.86 times. The public issue subscribed 159.89 times in the retail category,90.91times in QIB, and -- times in the HNI (10+) category byNovember 20, 2025 10:59:01 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
DelaPlex Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
DelaPlex Limited IPO FAQs
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