DelaPlex Limited
smelistedAbout the company
## **About DelaPlex Limited** Established in 2004, DelaPlex Limited has evolved into a leading technology and software development solution provider, offering consulting services to client companies with a focus on achieving growth, revenue, and marketplace value. The company has positioned itself as a global technology partner, specializing in Supply Chain Consulting, Custom Software Development, Cloud Services, and Data Science. DelaPlex Limited has cultivated expertise and formed strategic partnerships with various industry players to leverage the latest technology, tools, and software development solutions. The company's diverse tech solutions span software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security solutions, data analytics, and artificial intelligence. With a commitment to addressing IT problems for both channel partners and end users, the company consistently innovates to deliver next-gen solutions. A distinctive aspect of DelaPlex Limited's business model is its proactive investment in future technologies. The company engages in business partnership agreements and strategic investments in firms developing deep tech solutions. This approach allows DelaPlex Limited to access cutting-edge technologies and solutions globally, reinforcing its position as a technology leader. The company boasts an experienced management team and a qualified pool of employees. The senior management team, with substantial industry experience, is dedicated to leveraging their market position and collective knowledge in the compliance space to execute effective business strategies and drive future growth. As DelaPlex Limited prepares for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to address key objectives: 1. APAC – Advertisement, Sales, and Marketing Expenses: The company aims to enhance awareness in the Asia-Pacific (APAC) region by investing in advertising, sales, and marketing expenses. 1. Working Capital Requirements: Funds will be allocated to support the working capital requirements of the company, ensuring smooth day-to-day operations. 1. Capital Expenditure for Office Laptops: DelaPlex Limited plans to invest in office laptops as part of its capital expenditure requirements, enhancing the technological infrastructure within the organization. 1. General Corporate Purposes and Unidentified Inorganic Acquisition: The remaining funds will be used for general corporate purposes and potentially for unidentified inorganic acquisitions, aligning with the company's strategic growth initiatives. As DelaPlex Limited prepares to go public, these strategic allocations reflect the company's commitment to furthering its market presence, technological capabilities, and overall business growth. ## **Here are key details about the DelaPlex Limited IPO:** Company Name| **DelaPlex Limited**| | DelaPlex Limited IPO Opening Date| **January 25, 2024** ---|---|---|---|--- Company Established On|**2004**DelaPlex Limited IPO Price band|**₹186 to ₹192 per share**
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 11 Aug | ₹0 | ₹192 | -39 |
| 10 Aug | ₹39 | ₹231 | +2 |
| 09 Aug | ₹37 | ₹229 | +2 |
| 08 Aug | ₹35 | ₹227 | +3 |
| 07 Aug | ₹32 | ₹224 | 0 |
| 06 Aug | ₹32 | ₹224 | +2 |
| 05 Aug | ₹30 | ₹222 | +3 |
| 04 Aug | ₹27 | ₹219 | 0 |
Strengths
- Experienced promoters with automotive-industry knowledge.
- Established in-house manufacturing capabilities.
- Track record of executing customer orders.
- Strong improvement in profitability, with FY25 PAT rising to about ₹5.03 crore from ₹2.17 crore in FY24.
- FY26 annualised figures indicate further earnings growth, with revenue of about ₹82.35 crore and PAT of ₹7.52 crore.
- IPO proceeds are planned partly for a new manufacturing facility , which could support future capacity and growth.
- Part of the proceeds is intended for repayment/prepayment of secured borrowings, potentially strengthening the balance sheet.
Risks
- Small scale of operations compared with larger automotive-component manufacturers.
- Business performance is exposed to fluctuations in automobile-sector demand.
- Expansion through a new manufacturing facility brings execution and ramp-up risks.
- Raw-material price increases could put pressure on margins.
- Customer concentration, if significant, could make revenue vulnerable to changes in orders from major customers.
- The IPO is proposed on the BSE SME platform , where shares can experience lower liquidity and higher price volatility than larger mainboard stocks.
- Past revenue and profit growth may not necessarily continue after listing.
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed25 Jan 2024Bidding starts for all investor categories
IPO Closes
Completed30 Jan 2024Last day to place your bid
Basis of Allotment
Completed27 Jan 2024Share allotment finalised
Refund Initiation
Completed31 Jan 2024Refunds credited for non-allottees
Credit to Demat
Completed31 Jan 2024Allotted shares credited to demat account
Listing on Exchange
Completed02 Feb 2024Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 600 | ₹115,200 | 1 | ₹115,200 | 1 lot only |
| HNI | 2 | 1200 | ₹230,400 | 2 | ₹230,400 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,219,048 | 23.04 | 0 | 0.00x | 100% |
| NII | 15% | 365,714 | 6.91 | 0 | 0.00x | 100% |
| Retail | 35% | 853,333 | 16.13 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
