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:
- Advertisement, sales and marketing expenses towards enhancing the awareness.
- Funding working capital requirements.
- Funding of capital expenditure requirements towards purchase of office Laptops.
- General corporate purposes and unidentified inorganic acquisition.
Peer Details
The following are some of the listed peers of DelaPlex:
- Ksolves India Limited
- Micropro Software Solutions Limited
- Sigma Solve Limited
How To Check the Allotment Status of the DelaPlex Ltd IPO?
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- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
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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 |
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Strengths
3They 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.
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.
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.
Risks
3Their 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.
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.
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.
