Vertexplus Technologies IPO GMP, Price, Dates & Allotment Details 2023
The Vertexplus Technologies IPO opens on March 2 and closes on March 6, 2023. According to the DRHP filed in SEBI, the company is planning to issue 14.796 lakhs shares through this public issue. Which will be issued at a price of ₹ 91 to ₹ 96 per share.
Incorporation in 2020. This is an ISO 9001:2015 and ISO/IEC 27001:2013-certified information technology company engaged in consulting, outsourcing, infrastructure, and digital solutions and services. They collaborate with companies to fulfill their ever-evolving information technology needs and support their businesses with their own enabling solutions to strengthen their current capabilities and build pathways for sustainable growth. The business has expertise in several different business sectors.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Financial Highlights (Restated Consolidated)
| Particulars | FY 2021-252 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Net Worth | 673 | 487 | 380 |
| Total Assets | 1,309 | 1,104 | 990 |
| Borrowings | 279 | 227 | 210 |
| Total Revenue | 2,132 | 2,026 | 1,964 |
| Profit After Tax | 186 | 105 | 61 |
Vertexplus Technologies IPO – Details
As per the DRHP filed with SEBI, a total of 14.796 lakh shares will be offered as part of the fresh issue on the NSE Emerge segment. The face value of the shares is ₹ 10. The market maker would receive 74,400 shares of the offering. While Beeline Capital Advisors Pvt Ltd will be the lead manager for the IPO, Skyline Financial Services Private Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered through the building of the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 91 to ₹ 96 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 shares |
| Issue Size | 1,479,600 shares of ₹ 10 (Aggregating up to ₹ 14.20 Crore) |
| Fresh Issue | 1,479,600 shares of ₹ 10 (Aggregating up to ₹ 14.20 Crore) |
| Market Maker Portion | 74,400 shares |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| Listing At | NSE SME |
| Company Promoters | Mr. Sandeep Kumar Pahariya Mrs. Niru Pahariya |
GMP – Vertexplus Technologies IPO
Vertexplus Technologies’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Vertexplus Technologies IPO
The issue opens for subscription on March 2, 2023, and closes for subscription on March 6, 2023 (both days inclusive). The basis of allotment will be finalized on March 10th, 2023, and the refunds will be initiated on March 13th, 2023. In addition, the demat credits are expected to happen on March 14, 2023, and the stock will list on March 15, 2023, on the NSE SME segment.
| Opening Date | March 2, 2023 |
| Closing Date | March 6, 2023 |
| Basis of Allotment | March 10, 2023 |
| Initiation of Refunds | March 13, 2023 |
| Credit of shares to Demat A/c | March 14, 2023 |
| Listing Date | March 15, 2023 |
Lot Size – Vertexplus Technologies IPO
The lot size of the Vertexplus Technologies IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of ₹ 115,200.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 115,200 |
| Retail (Maximum) | 1 | 1,200 | ₹ 115,200 |
| HNI (Minimum) | 2 | 2,400 | ₹ 230,400 |
Promoters Holdings – Vertexplus Technologies IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
SWOT Analysis – Vertexplus Technologies IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Quality Services Skilled & experienced Staff 2. Cordial Relationship with Customers 3. Ability to control cost Low infrastructure costs | 1. Strict policies of clients and Audit controls may pose real hurdle 2. Higher attrition rate which is common in IT industry |
| OPPORTUNITIES | THREATS |
| 1. Huge Growth Potential in our service segment. 2. Possibility of providing associated Services along with main service offering. | 1. Increased Competition from Local & Big Players. 2. Rapid change in technologies. 3. Change in Government Policies. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Vertexplus Technologies Limited B-19, 10-B Scheme, Gopalpura Road Jaipur – 302018 Phone: +91 141 6622200 / 02 Email: [email protected] Website: https://www.vertexplus.com/global/en/ |
| IPO Registrar | Skyline Financial Services Private Ltd Phone: 02228511022 Email: [email protected] Website: https://www.skylinerta.com/ |
| IPO Lead Manager(s) | Beeline Capital Advisors Pvt Ltd |
FAQ’s
What is Vertexplus Technologies Limited IPO price?
The Vertexplus Technologies Limited IPO price is ₹ 91 to ₹ 96 per share.
What will be the Vertexplus Technologies Limited IPO lot size?
One lot of the Vertexplus Technologies Limited IPO contains 1,200 shares of ₹ 115,500.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Vertexplus Technologies Limited IPO allotment available?
The finalisation of the basis of allotment for the Vertexplus Technologies Limited IPO will be done on March 10, 2023, and the allotted shares will be credited to your demat account by March 14, 2023. Check the Vertexplus Technologies Limited IPO allotment status.
When will Vertexplus Technologies Limited IPO list on exchanges?
The Vertexplus Technologies Limited IPO shares listing date is March 15, 2023.
How many shares in the Vertexplus Technologies Limited IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for QIB - 50%, NII (HNI) – 15% of Net issue, and Retail – 35% of the Net Issue.
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