Deltatech Gaming IPO
Deltatech Gaming IPO Details
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Open Date
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Deltatech Gaming IPO Timeline
Last Updated: 15 February 2024 5:53 PM by rahul_raskar
Deltatech Gaming Limited is a digital, technology-led gaming platform. The company is known as one of the leaders and early adopters of real money games in the country.
Deltatech offers various games for that real money gaming. This includes,
● Adda52.com: offers poker
● Adda.games: offers multi-games, and also includes rummy offering, Adda52Rummy
The company offers a vast and streamlined omni-channel digital offering, with fully integrated online play, through mobile, web and desktop versions, coupled with our offline capabilities.
Peer Comparison
● Nazara Technologies Limited
Strengths
1. The company is a category pioneer with more than a decade of experience and market leadership by revenue.
2. It has in-house technology and the ability to leverage gamer data.
3. Consistent positive operating cash flows and EBITDA.
4. It also enjoys the Strength of the ‘DELTIN’ brand.
5. Experienced Promoters and Senior Management.
Risks
1. The business is subject to regulatory uncertainty in India.
2. A significant portion of revenue comes from Adda52.
3. It has incurred a net loss in Fiscal 2022.
4. Operates in a competitive industry.
- Companies
- Type
- Opening On
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Modern Diagnostic & Research Centre
- SME
- 31st Dec
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FAQs
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The estimated size of Deltatech Gaming IPO is ₹550.
To apply for Deltatech Gaming IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Deltatech Gaming Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
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Axis Capital Limited and JM Financial Limited are the book-running lead managers for Deltatech Gaming IPO.
Deltatech Gaming Limited plans to utilize the raised capital from the IPO to:
1. Organic growth via marketing and business promotion activities, to attract new gamers and retain existing gamers on the platforms
2. Strengthen technology infrastructure to develop new capabilities, and maintain and manage the existing platform
3. Funding inorganic growth initiatives
4. General corporate purpose