DelaPlex IPO

DelaPlex Limited

₹1,11,600 /600 sharesMinimum Investment

DelaPlex IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹192.00₹309.00₹117.00 (60.94%)

DelaPlex IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Jan ‘24 - 30 Jan ‘24₹1,11,600600₹186 - ₹192
Issue SizeIPO Doc
46.08Cr
RHP PDF

About DelaPlex

Delaplex is a technology and software development solution and consulting provider that assists client companies in achieving growth, revenue, and marketplace value. The company has partnered with various industry firms that provide technology tools and software assistance globally. Delaplex focuses on Supply Chain Consulting, Custom Software Development, Cloud Services, and Data Science. Their technology covers software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security, data analytics, and artificial intelligence. They also address IT problems for their channel partners and end users. ;
Parent Organisation
DelaPlex Limited
Founded
2004
Managing Director
Mr. Nitin Sachdeva

Strengths & Risks

  • Delaplex is a global provider of end-to-end omni-channel supply chain solutions, focusing on automation, IT initiatives, digital tools, and value-driven approaches. The company optimizes supply chain strategies, transforms approaches to management, and offers competitive solutions to enhance visibility and efficiency.
  • The company specializes in designing customized software solutions that go beyond surface-level challenges, optimizing operations and driving efficiency.
  • Delaplex primarily serves international markets, with a worldwide customer base, including a major presence in the United States. The company also has a presence in international markets by way of its foreign holding Company and foreign Group Company such as delaPlex INC and Xperity LLC.
  • The company’s service portfolio includes software development and API-enabled applications to help organizations rapidly develop powerful technology applications addressing strategic business needs.
  • Delaplex relies heavily on a small number of customers for the majority of its revenues. The top five customers contributed 99.37% to revenue as of September 30, 2023, and similar percentages for the financial years ending March 31, 2023, 2022, and 2021. In case the company is unable to maintain its existing customer network, it could have a negative impact on the business.
  • The company's revenue is significantly tied to customers in the United States, with 83.41% for the period ending September 30, 2023, and 78.82%, 78.79%, and 88.74% for the financial years ending March 31, 2023, 2022, and 2021. This dependence exposes Delaplex to potential risks related to economic conditions, competition, and external factors in the U.S.
  • Delaplex has experienced negative cash flows from investing activities in recent years, with negative cash flows of Rs. 0.88 crores, Rs. 0.61 crores, and Rs. 0.29 crores in March of 2021, 2022, and 2023, respectively. Prolonged negative cash flows may impact the company's growth and overall business.
  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
  • Delaplex's software product is exposed to various risks, including potential conflicts with legal and regulatory requirements. Violations of these regulations could negatively impact the company's business and results of operations.
  • The company's revenue structure heavily relies on a specific group of customers, particularly the body corporate promoter and a Group Company. While long-term commitments are secured with the holding body corporate customer, others lack similar assurances. The continuation of existing arrangements is critical for the company's business and operational outcomes.
  • Delaplex depends on a third party for cloud services, and ineffective management of this relationship or agreement could increase the company's financial, legal, reputational, and operational risks..

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular186 - 192₹2 Lakh
High Networth Individual186 - 192₹2 - 5 Lakh
For DelaPlex IPO, eligible investors can apply as Regular.
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