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DelaPlex IPO
Price Band
₹186.0–192.0
Issue Size
₹46.08 Cr
Lot Size
600 shares
Min Investment
₹115,200
GMP
+₹145.0 (75.52%)
Issue Price
₹192.0
Subject to Sauda
₹66100
Paid only if allotted
DelaPlex IPO AI Summary
- DelaPlex IPO is listed on NSE SME in the Computers - Software & Consulting sector.
- Price band: ₹186.0–₹192.0 per share, lot size 600 shares (min. investment ₹115,200).
- Subscription window: 25 Jan–30 Jan 2024, listing on 02 Feb 2024.
- Current GMP is +₹145.0 (75.52%), an estimated listing price of ₹337 — unofficial and can change daily.
DelaPlex Limited is an SME in the technology and software consulting sector, with a focus on providing innovative solutions to enhance client growth. The company is preparing for its IPO with a price band of ₹186.0 to ₹192.0, targeting various funding needs through the proceeds.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
DelaPlex IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
DelaPlex IPO Grey Market Premium (GMP) Today
GMP
+₹145.0
GMP %
+75.52%
Est. Listing
₹337.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated on February 12, 2004, DelaPlex Limited is a subsidiary of delaPlex INC., which is a U.S.-based enterprise. DelaPlex INC. holds 51% of the company's shares. The Company provides technology and software development solutions and consulting services to help clients achieve growth, revenue, and marketplace value. The company also provides various tech solutions including software-defined data centers, integrated infrastructure, cloud computing, DevOps, security solutions, data analytics, and artificial intelligence. The company's test engineers hold ISTQB Gold certification, and its information security management system is ISO/IEC 27001:2022 certified. The company also complies with the requirements of ISO 9001:2015 for its Quality Management System. The company's registered office is in Nagpur, with additional presence in Pune, Hyderabad, and Bengaluru. The company provides services in India as well as in USA, and Dubai (UAE). As of September 30, 2023, and for the financial year ended 2023, 2022 and Fiscal 2021, the company's revenue from operations was respectively ₹ 2,337.75 Lakhs, and ₹ 4,283.60 Lakhs, ₹ 4,014.73 Lakhs and ₹ 3,214.45 Lakhs was derived from sales outside of India. As of September 30th, 2023, the company has a total of 300 personnel, with 286 employees on our payroll and 14 contractors responsible for the day-to-day business operations, administrative, secretarial, legal and accounting functions according to their respective designated duties.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 31.85 | 26.38 | 17.91 | 11.01 |
| Total Income | 28.14 | 55.22 | 50.34 | 36.33 |
| Profit After Tax | 4.26 | 7.91 | 6.12 | 4.04 |
| NET Worth | 27.76 | 23.50 | 15.59 | 9.47 |
| Reserves and Surplus | 27.75 | 23.49 | 15.58 | 9.46 |
Key Ratios
EPS
₹10.82
NAV
₹32.15
ROE
40.45%
ROCE
56.73%
RoNW
56.73%
P/B Value
0.00
P/E Ratio
17.75
Market Cap
₹174.91 Cr
PAT Margin
14.64%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| DelaPlex Limited This IPO | 32.15 | 56.73% | 17.75 | 10.82 | 10.82 |
Promoters
Nitin Sachdeva, Manish Iqbalchand Sachdeva, Mark T.River and Preeti Sachdeva
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 APAC – Advertisement, Sales and Marketing expenses towards enhancing the awareness 4.16 2 Funding of capital expenditure requirements of our Company towards purchase of Office equipment 0.65 3 Funding Working Capital Requirements of our Company 13.34 4 General corporate purposes and unidentified inorganic acquisition 10.08
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue from operations was ₹55.22 Cr for the year ended 31 Mar 2023, a rise from ₹50.34 Cr in the previous year, 31 Mar 2022. However, the most recent figure of ₹28.14 Cr as of 30 Sep 2023 is not directly comparable as it represents a 9-month period.
Profit Trend
Profit After Tax was ₹7.91 Cr for the year ended 31 Mar 2023, increasing from ₹6.12 Cr for the year ended 31 Mar 2022. The most recent figure of ₹4.26 Cr as of 30 Sep 2023 is also a 9-month figure, making it not directly comparable to the full-year figures.
Valuation
DelaPlex Limited's implied P/E at the issue price of ₹192.0 is 17.75, which is in line with its peers who are trading at a P/E range of 17.75.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A higher GMP suggests strong demand and potential for listing gains, while a lower GMP may indicate weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and industry trends.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, especially if they are not comfortable with the risks associated with investing in smaller firms.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors including market conditions, investor sentiment, and the company's fundamentals. While some IPOs may see significant gains on their first day, others may not perform as well.
This evaluation is generated from DelaPlex's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is DelaPlex IPO GMP today?
DelaPlex IPO GMP today is +₹145.0 (75.52%), indicating an estimated listing price of ₹337. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of DelaPlex IPO?
The price band of DelaPlex IPO is ₹186.0–₹192.0 per share.
When does DelaPlex IPO open and close?
DelaPlex IPO opens on 25 January 2024 and closes on 30 January 2024.
When does DelaPlex IPO list on the stock exchange?
DelaPlex IPO listed on 02 February 2024 at ₹337.0.
What is the lot size for DelaPlex IPO?
The lot size for DelaPlex IPO is 600 shares, requiring a minimum investment of ₹115,200.
What is the price band for the DelaPlex IPO?
The price band for the DelaPlex IPO is ₹186.0 to ₹192.0.
What is the minimum investment required?
The minimum investment required is ₹115,200.
What is the lot size for the IPO?
The lot size for the DelaPlex IPO is 600 shares.
When is the listing date for the DelaPlex IPO?
The listing date for the DelaPlex IPO is February 2, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jan 2024
Close
30 Jan 2024
Allotment
31 Jan 2024
Listing
02 Feb 2024
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