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Vertexplus Technologies IPO

Small CapITSME
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IPO Details

Bidding Dates

02 Mar '23 - 06 Mar '23

Minimum Investment

₹115,200 / 1 Lots ( 1200 Shares )

Price Range

₹91-₹96

Maximum Investment

₹115,200 / 1 Lots ( 1200 Shares )

Retail Discount

To be announced

Issue Size

14.20 Cr

Investor category and sub category

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 2, 23

IPO Closing Date

Mar 6, 23

Basis of Allotment

Mar 10, 23

Initiation of Refunds

Mar 13, 23

Credit of Shares to Demat Account

Mar 14, 23

IPO Listing Date

Mar 15, 23

Vertexplus Technologies IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Mar 2 2023

0.000.331.00 0.40

Day 2Mar 3 2023

0.000.632.851.09

Day 3Mar 6 2023

0.5835.1515.5311.01

About Company

As an Information Technology firm, the company engages in consulting, outsourcing, infrastructure building, and digital solutions and services providing. Incorporated in 2010, they are ISO 9001:2015 and ISO/IEC 27001:2013, helping businesses to leverage technology through an integrated technology stack that automates the process and accelerates operation.

Vertexplus Technologies ensures cost-effective, timely delivery of projects through the following delivery models. 

  • Offshore model
  • On-site model
  • Hybrid model
  • Global model 
  • Strategic Partnership

They cater to a diversified customer base from different industry backgrounds.

Vertexplus Technologies Ltd. IPO Objective

The money will be used to meet working capital requirements, general corporate purposes, and issue expenses. 

Why should you invest in Vertexplus Technologies Ltd. IPO?

Here are your top reasons to invest in the IPO. 

  • They offer technical solutions in modern and advanced technology like cloud solutions, machine learning, artificial intelligence, blockchain, video analytics, and the Internet of Things (IoT).
  •  India is the top offshore IT destination for companies with proven capabilities to deliver solutions in emerging technologies. 
  • There are a lot of opportunities for Indian IT companies as the Indian IT and business services industry is expected to grow by $19.93 billion by 2025.

Vertexplus Technologies Company Financials

ParametersYear ending on As on 31st March, 2022 (₹ lakhs)Year ending on 31st March, 2021 (₹ lakhs)
Revenue from operation2086.021963.93
Profit After Tax186.05104.98
EBITDA324.33212.43
Total Asset1,308.761103.71
Total Borrowing279.15227.40

Know before investing

Strengths

3

  1. They focus on expanding their business by forging long-term relationships with their customers.

  2. The company offers diversified services, including consulting, technology, infrastructure, and outsourcing services.

  3. They have a team of highly experienced and skilled staff.

Risks

3

  1. Increasing competition from local and big players poses threats to the company.

  2. They must adapt fast to rapidly changing technology to stay relevant to their customers.

  3. Changes in government policies can pose some threats to the company’s future business prospects.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Vertexplus Technologies IPO FAQs

Vertexplus Technologies Ltd. SME prepares to raise ₹14.20 crore from a sale of 1,479,600 equity shares. The offer will remain open for subscription from March 2 to 6, 2023
The IPO shares of Vertexplus Technologies Ltd. will be allotted on March 10, 2023.
One lot of Vertexplus Technologies Ltd. IPO has 1200 shares.
The IPO will open on March 02, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list in the SME category of NSE exchanges on March 15, 2023.
Angel One investor must log in to their accounts to check Vertexplus Technologies Ltd. IPO allotment status. When checking the allotment status, keep your application, DP ID, and PAN number ready. 
Listing gain is the difference between the IPO's opening and offer prices. The listing gain is a result of changing investors' interests, global parameters, and short vs long-term outlooks
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date. 
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 1200 shares.
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