IPO Details

Bidding Dates

25 Jan '24 - 30 Jan '24

Minimum Investment

₹115,200 / 1 Lots ( 600 Shares )

Price Range

₹186 - ₹192

Maximum Investment

₹115,200 / 1 Lots ( 600 Shares )

Retail Discount

Not Applicable

Issue Size

₹46.08 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jan 25, 2024

Closing Date

Jan 30, 2024

Basis of Allotment

Jan 31, 2024

Initiation of Refunds

Jan 31, 2024

Credit of Shares to Demat

Feb 1, 2024

Listing Date

Feb 2, 2024

Cut-off time for UPI mandate confirmation

Jan 30, 2024

IPO Subscription Details


Day 1Jan 25, 2024

0.00x 0.84x 1.84x 4.82x

IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 0.00
Non-Institutional Buyers 0.84
Retail Investors 1.84
Total 4.82

About DelaPlex Ltd

DelaPlex Limited (dpl) is a subsidiary of delaPlex INC., a U.S.- based enterprise, where delaPlex INC. holds 51% of the company's shares. DelaPlex is a technology and software development solution and consulting provider, helping client companies achieve growth, revenue and marketplace value.

It is a global technology partner in Supply Chain Consulting, Custom Software Development, Cloud Services, and Data Science. Furtherthe company offers various other tech solutions encompassing software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security solutions, data analytics, and artificial intelligence. Presently, the company focuses on its supply chain IT solutions, consulting and developing a global client base.

In 2022, the revenue of the software products sector in India was around $7.3 billion. It was also estimated that the revenue would rise to $14.4 billion in 2028, i.e. by a CAGR of almost 12%. In a growing sector like the IT industry in India, major organised player like delaPlex can expand its revenue over the years.

DelaPlex Ltd IPO Details

DelaPlex Ltd IPO Date

The dates for bidding for the DelaPlex IPO are January 25, 2024, to January 30, 2024.

DelaPlex Ltd IPO Price Band

DelaPlex is a book-built IPO. The exact price range is ₹186 to ₹192 per share.

DelaPlex Ltd IPO Lot Size

The DelaPlex Ltd IPO lot size is 600 shares per lot.

DelaPlex Ltd IPO Objectives

The proceeds from the fresh issue will be used for the following objectives:

  1. Advertisement, sales and marketing expenses towards enhancing the awareness.
  2. Funding working capital requirements.
  3. Funding of capital expenditure requirements towards purchase of office Laptops.
  4. General corporate purposes and unidentified inorganic acquisition.

Peer Details

The following are some of the listed peers of DelaPlex:

  1. Ksolves India Limited
  2. Micropro Software Solutions Limited
  3. Sigma Solve Limited

How To Check the Allotment Status of the DelaPlex Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of DelaPlex Ltd

Registered office: 554/31, Utkarsh Nagar, Near K.T. Nagar, Katol Road, Nagpur – 440013, Maharashtra, India.

Phone: + 91 9766660249

E-mail: investor@delaplex.in

IPO Financials

Particulars Year Ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Income 5,521.81 5,034.06 3,633.30
Profit After Tax 790.72 611.87 404.00
Return on Capital Employed 56.73% 68.81% 72.68%
Return on Equity 40.45% 48.82% 50.46%
Current Ratio (in times) 23.49 22.15 34.51

Know before investing


  1. They specialise in designing customised software solutions and crafting them as per the client’s unique requirements. This leads to higher client satisfaction and building relationships over time.

  2. Their customer base is spread across the globe with presence majorly in the United States of America. This allows them access to a market that has massive value.

  3. Their focus is on automation, IT initiatives, digital tools, and value driven approaches. In a post-Covid world of digital transformation, such services may be in great demand.


  1. Their top five customers accounted for 99.37% of their revenue from operations for the period ended September 30, 2023 out of which revenue from their own body corporate promoter accounted for 62.56%. This shows a level of concentration of revenue sources that leads to a risk for its future sales.

  2. Their revenues are also highly dependent on customers located in the United States. This also creates a degree of geographical concentration which may be risky to stable revenues.

  3. The world of IT services is changing rapidly, especially after the coming of AI. Their business thus faces the risk of failure to anticipate and develop new services and enhance existing services.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

DelaPlex Ltd IPO FAQs

What is DelaPlex Ltd's IPO?

DelaPlex IPO is a book-built IPO. The dates for the IPO are January 25, 2024, to January 30, 2024.

When will DelaPlex Ltd's IPO be allotted?

The basis of allotment will be finalised on January 31, 2024. The credit of shares to the demat accounts will take place on January 31, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 600 shares per lot.

When will DelaPlex Ltd list on exchanges?

DelaPlex Ltd will be listed on the NSE SME on February 2, 2024.

What would be the listing gains on the DelaPlex Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is February 2, 2024.

I have finished the application process for the DelaPlex Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for DelaPlex Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of DelaPlex Ltd using one PAN?

You can submit only one application using your PAN card.