delaPlex IPO Updates: Issue Booked 171 Times, Retail Portion Subscribed 150 Times

Subscription for delaPlex IPO opened on January 25, and the issue will close on January 30, 2024. The price band for delaPlex IPO is set between Rs 186 and Rs 192 per equity share. The lot size for delaPlex IPO consists of 800 shares. Investors have the option to bid for a minimum of 600 shares and in multiples thereof. The floor price is 18.6 times the face value, and the cap price is 19.2 times the face value of the equity shares.

About the Company

The company provides technology and software development solutions as well as consultancy services to assist client businesses in achieving growth, revenue, and market value. It has established relationships and gained experience with numerous industry players who provide the latest tools, software development solutions, and technologies.

Issue Subscription

On day 3, the delaPlex IPO subscription status reached 171.26 times. Retail investors subscribed to their portion 150.35 times, showing a positive response. Non-institutional buyers also showed strong interest, subscribing to their portion 331.65 times. According to data from chittorgarh.com, Qualified Institutional Buyers (QIBs) booked the portion set aside for them 87.41 times.

Price Band

The delaPlex IPO has set the price band for each equity share between Rs 186 and Rs 192.

Issue Size

The lot size for the delaPlex IPO consists of 800 shares. Investors have the option to bid for a minimum of 600 shares and in multiples thereof.

IPO Reserve Portion

delaPlex IPO has allocated up to 50 percent of the shares in the public issue to qualified institutional buyers (QIB), a minimum of 15 percent to non-institutional investors (NII), and has reserved at least 35 percent of the offer for retail investors. The market maker portion comprises up to 122,400 equity shares, representing 5.1 percent of the total offer.

Objectives of the issue

The company will use the money raised from the new offering to increase awareness in the Asia-Pacific region, cover working capital needs, purchase office laptops, support general corporate purposes, and fund an undisclosed acquisition, as stated in the Red Herring Prospectus.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions. Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

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