DelaPlex IPO Details | GMP, Date, Price, Review

DelaPlex IPO

DelaPlex IPO Details ( DelaPlex Limited IPO Review )

(25 Jan 2024 – 30 Jan 2024)

Founded on February 12, 2004, DelaPlex Limited is a subsidiary of delaPlex INC., a U.S.-based company that owns 51% of its shares. Our mission is to assist clients in achieving growth, revenue, and marketplace value by offering technology and software development solutions, along with consulting services.

We specialize in various tech solutions, including software-defined data centers, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and artificial intelligence.

Our dedicated test engineers are ISTQB Gold certified, and our information security management system holds ISO/IEC 27001:2022 certification. Additionally, we adhere to ISO 9001:2015 requirements for our Quality Management System.

Headquartered in Nagpur, we also have a presence in Pune, Hyderabad, and Bengaluru. We provide services not only in India but also in the USA and Dubai (UAE).

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

As of September 30th, 2023, our team consists of a total of 300 personnel, including 286 employees on our payroll and 14 contractors responsible for day-to-day business operations, administration, secretarial, legal, and accounting functions based on their designated duties.

DelaPlex Limited IPO Competitive Strength

  • Software product and solutions for supply chain management
  • Tailored Tech Solutions
  • Clients in international market
  • Service Portfolio
  • Experience of our Promoters and senior management team

DelaPlex IPO Financials Performance ( Results )

DelaPlex Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of DelaPlex IPO Issue

  • 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 Basic Details

IPO DateJan 25, 2024 to Jan 30, 2024
Listing DateFriday, February 2, 2024
Face Value₹10 per share
Price₹186 to ₹192 per share
Lot Size600 Shares
Issue Size2,400,000 shares of ₹10
(aggregating up to ₹46.08 Cr)
Fresh Issue1,800,000 shares of ₹10
(aggregating up to ₹34.56 Cr)
Offer for Sale600,000 shares of ₹10
(aggregating up to ₹11.52 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue7,310,000
Share holding post issue9,110,000
Company PromotersMr. Nitin Sachdeva, Mr. Manish Iqbalchand Sachdeva,
Mr. Mark T. River, Ms. Preeti Sachdeva and M/s delaPlex INC

DelaPlex IPO Reservation

Anchor Investor Shares Offered28.45% of the Net Issue
Market Maker Shares Offered5.10% of the Net Issue
QIB Shares Offered18.98% of the Net Issue
NII (HNI) Shares Offered14.25% of the Net Issue
Retail Shares Offered33.23% of the Net Issue

DelaPlex IPO Timetable

DelaPlex IPO will open on January 25, 2024 and close on January 30, 2024. You can join DelaPlex IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date25 January 2024 (Thursday)
Closing Date30 January 2024 (Tuesday)
Basis of Allotment31 January 2024 (Wednesday)
Initiation of Refunds1 February 2024 (Wednesday)
Credit of Shares to Demat1 February 2024 (Thursday)
Listing Date2 February 2024 (Friday)
Deadline for UPI mandate confirmation5 PM on 30 January 2024

DelaPlex IPO Lot Size

For retail investors in DelaPlex IPO, 600 shares will come in 1 lot or the minimum investment will be ₹115,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹115,200.

Retail (Min)1600₹115,200
Retail (Max)1600₹115,200
S-HNI (Min)21200₹230,400

DelaPlex IPO Promoter Holding

The company’s promoters include Mr. Nitin Sachdeva, Mr. Manish Iqbalchand Sachdeva, Mr. Mark T. River, Ms. Preeti Sachdeva and M/s delaPlex INC.

Pre Issue Share Holding100%
Post Issue Share Holding73.66%

DelaPlex Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)174.91
Earning Per Share (EPS)₹9.34 per Equity Share
Net Asset Value (NAV)₹32.15 per Equity Share
P/E Ratio (P/E) (x)17.75
Post P/E Ratio (P/E) (x)20.55
Return on Net Worth (RoNW) (%)56.73
Return on equity (ROE) (%)40.45
Return on Capital Employed (ROCE) (%)56.73
Debt/Equity RatioComing Soon

DelaPlex Ltd Peer Comparison

Company NameConsolidated/
Delaplex LimitedConsolidated10.0010.8220.5533.6532.15
Peer Group
Ksolves India LimitedConsolidated10.0020.9865.06110.5518.98
Micropro Software
Solutions Limited
Sigma Solve LimitedConsolidated10.001.88255.6615.1512.44

DelaPlex IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
31 January 2024₹125
30 January 2024₹125
29 January 2024₹125
28 January 2024₹125
27 January 2024₹125
26 January 2024₹125
25 January 2024₹125

DelaPlex IPO Detail Video:

DelaPlex IPO Subscription Status (Bidding Detail)

The DelaPlex IPO on January 30, 2024 at 7:30:00 PM was subscribed 177.80 times, with the retail category being subscribed 159.91 times, the NII (Non-Institutional Investor) category being subscribed 335.23 times, QIB (Qualified-Institutional Buyers) category being subscribed 90.91 times.


DelaPlex IPO Prospectus

DelaPlex IPO DRHPDownload
DelaPlex IPO RHPDownload
DelaPlex IPO Anchor Investors Details PDFDownload

DelaPlex IPO Rating

Our Rating2.5/5.0

DelaPlex Company Contact Information

DelaPlex Limited

DelaPlex Limited

Registered Office: 554/31, Utkarsh Nagar, Near K.T. Nagar, Katol Road, Nagpur – 440013, Maharashtra, India;
Tel: + 91 9766660249
Contact Person: Mr. Manishraj Bhuwanchand Bhatt, Company Secretary and Compliance Officer;
The Promoters of Our Company Are Mr. Nitin Sachdeva, Mr. Manish Iqbalchand Sachdeva, Delaplex Inc (Body Corporate Promoter)

DelaPlex IPO Registrar

Bigshare Services Private Limited

Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali CavesRoad, Andheri East,
Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
Investor grievance e-mail:
Contact Person: Mr. Babu Rapheal C
SEBI Registration No.: INR000001385

DelaPlex IPO Lead Manager

Shreni Shares Limited
(Formerly Known as Shreni Shares Private Limited)

Registered Office: A/007, Western Edge – II, Kanakia Space, Behind Metro Mall, off Western Express Highway, Magathane, Boriwali East, Mumbai – 400066, Maharashtra, India.
Telephone: 022 – 2089 7022
Investors Grievance e-mail:
Contact Person: Ms. Tanya Goyal
SEBI Registration Number: INM000012759

DelaPlex IPO FAQs

What is the lot size of DelaPlex IPO?

The total size of DelaPlex IPO is ₹46.08 crores out of which ₹34.56 crores is fresh issue and ₹11.52 crores is offer for sale (OFS).

When will DelaPlex IPO start?

DelaPlex IPO will open from 25 January 2024 and IPO will close on 30 January 2024.

What is the open date of DelaPlex IPO?

DelaPlex IPO will open date from 25 January 2024.

What is the last date ( close date ) of DelaPlex IPO?

DelaPlex IPO will close from 30 January 2024.

What is the price band of DelaPlex IPO?

DelaPlex IPO price band is ₹186 to ₹192. ( Upper Price Band: ₹192, Lower Price Band: ₹186 )

What is the minimum amount required to apply for DelaPlex IPO?

The minimum investment for retailers to apply for DelaPlex IPO is ₹115,200 and the maximum investment is ₹115,200.

What is going on gray market premium of DelaPlex IPO?

View gray market premium of DelaPlex IPO by Clicking Here

How much is the GMP of DelaPlex IPO?

Watch DelaPlex IPO GMP Today: Click Here

What is the allotment date of DelaPlex IPO?

The allotment date of DelaPlex IPO is 31 January 2024.

How to check allotment status in DelaPlex IPO?

To check the allotment status of DelaPlex IPO, first of all go to the registrar website by clicking here, select your bad DelaPlex IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of DelaPlex IPO?

The listing date of DelaPlex IPO is 2 February 2024.

How much will be the listing gain in DelaPlex IPO?

View listing gain of DelaPlex IPO by Clicking Here

How much time DelaPlex IPO is subscribed?

Total 177.80 times subscribed in DelaPlex IPO out of which 159.91 times subscription was done in retail quota, 335.23 times subscription in NII quota and 90.91 times subscription in QIB quota.

How to apply for DelaPlex IPO from Upstox?

Click Here to see how to apply for DelaPlex IPO from Upstox. (step by step)

How to apply for DelaPlex PO from Zerodha?

Click Here to see how to apply for DelaPlex IPO from Zerodha. (step by step)

How to apply for DelaPlex IPO from Angle One?

Click Here to see how to apply for DelaPlex IPO from Angle One. (step by step)

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