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Vertexplus Technologies IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. To Meet Working Capital Requirement
  2. General Corporate Purpose
  3. To Meet the Issue Expenses

Financial Highlights (Restated Consolidated)

ParticularsFY 2021-252FY 2020-21FY 2019-20
Net Worth673487380
Total Assets1,3091,104990
Borrowings279227210
Total Revenue2,1322,0261,964
Profit After Tax18610561
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 91 to ₹ 96 per share
Face Value₹ 10 per share
Market Lot1,200 shares
Issue Size1,479,600 shares of ₹ 10  (Aggregating up to ₹ 14.20 Crore)
Fresh Issue1,479,600 shares of ₹ 10  (Aggregating up to ₹ 14.20 Crore)
Market Maker Portion74,400 shares
QIB Shares OfferedNot more than 50% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
Listing AtNSE SME
Company PromotersMr. 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 DateMarch 2, 2023
Closing DateMarch 6, 2023
Basis of AllotmentMarch 10, 2023
Initiation of RefundsMarch 13, 2023
Credit of shares to Demat A/cMarch 14, 2023
Listing DateMarch 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,200₹ 115,200
Retail (Maximum)11,200₹ 115,200
HNI (Minimum)22,400₹ 230,400

Promoters Holdings – Vertexplus Technologies IPO

Pre-issue Shares Holdings100%
Post-issue Shares Holdings

SWOT Analysis – Vertexplus Technologies IPO

STRENGTHSWEAKNESSES
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
OPPORTUNITIESTHREATS
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 InformationVertexplus 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 RegistrarSkyline 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

The Vertexplus Technologies Limited IPO price is ₹ 91 to ₹ 96 per share.

One lot of the Vertexplus Technologies Limited IPO contains 1,200 shares of ₹ 115,500.

The minimum investment size is one lot for retail investors.

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.

The Vertexplus Technologies Limited IPO shares listing date is March 15, 2023.

The investors’ portion for QIB - 50%, NII (HNI) – 15% of Net issue, and Retail – 35% of the Net Issue.

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