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Vertexplus Technologies IPO

Vertexplus Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 109,200 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    02 Mar 2023

  • Close Date

    06 Mar 2023

  • IPO Price Range

    ₹ 91 to ₹ 96

  • IPO Size

    ₹ 14.20 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    15 Mar 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Vertexplus Technologies IPO opens on Mar 2, 2023, and closes on Mar 6, 2023. The issue entails of fresh issue of 1,479,600 equity shares which aggregates the issue size to Rs. 14.20 cr. The lot size is fixed at 1200 shares per lot while the price band is fixed at Rs. 91 – Rs. 96 per share. The issue will be listed on NSE SME on 15th March while the shares will be allotted on 10th March. Beeline Capital Advisors Pvt. Ltd. is the lead manager to the issue. 

Objective of the Vertexplus Technologies IPO

The net proceeds from the issue will be utilised for:

•    To Meet Working Capital Requirement
•    General Corporate Purpose
•    To Meet the Issue Expenses
 

Vertexplus Technologies is engaged in consulting, outsourcing, infrastructure, and digital solutions and services. It collaborates with its customers to fulfill their ever-evolving Information Technology needs and has experience across various industry sectors.

From small programming assignments, to an intensely complex project, or a niche solution, it is fully equipped to develop dynamic, integrated applications & systems that enable business to succeed, scale, expand along the measures they set for current and envision for ahead.

It ensures quality and time delivery in the most cost-effective manner in order to determine the success of complex enterprise projects through five delivery models: 

• Off-shore Model 
• On-site Model 
• Hybrid Model 
• Global Model 
• Strategic Partnerships

VertexPlus has development facilities at Jaipur, Rajasthan, and Noida, Uttar Pradesh.

Check out the web-stories on Vertexplus Technologies IPO Details

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 20.86 19.64 19.32
EBITDA 3.24 2.12 1.53
PAT 1.86 1.05 0.61
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 13.09 11.04 9.90
Share Capital 4.00 0.01 0.01
Total Borrowings 2.79 2.27 2.10
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 1.3 4.2 0.7
Net cash from / (used in) investing activities -2.6 -2.5 -2.8
Net cash flow from / (used in) financing activities 0.1 -0.3 0.6
Net increase (decrease) in cash and cash equivalents -1.2 1.5 -2.7

Peer Comparison

Name of the Company Basic EPS NAV PE RoNW%
Vertexplus Technologies Limited 4.65 16.83 NA 27.64%
Ksolves India Limited 13.27 14.17 30.29 93.63%
Sigma Solves Limited 21.8 82.93 22.06 41.54%


Strengths

•    Global Delivery Network
•    Serves a diverse mix of end markets across several industry sectors
•    Long term relationship with its existing clients has helped the company get repeat orders from its customers
 

Risks

•    Intense competition in the market for technology services could affect the desired pricing
•    Failure to offer customer support in a timely and effective manner
•    Loss of one of the top customers who bring in major revenues
•    Inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required
•    Failure to adapt to technological developments or industry trends
•    There are outstanding legal proceedings involving the company and director
 

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FAQs

The price for the Vertexplus Technologies  IPO is set at Rs. 91 - 96 per share.

The Vertexplus Technologies IPO opens on 2nd March and closes on 6th March.

The Vertexplus Technologies IPO comprises of fresh issue of 1,479,600 equity shares which aggregates the issue size to Rs. 14.20 cr.

The allotment date of Vertexplus Technologies IPO is set for 10th March.

The Vertexplus Technologies IPO will be listed on 15th March.

The Vertexplus Technologies IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115,200).

The net proceeds from the issue will be used for: 

•    To Meet Working Capital Requirement
•    General Corporate Purpose
•    To Meet the Issue Expenses
 

To apply for the 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 price at which you wish to apply for
•    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
 

Vertexplus Technologies IPO is promoted by Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya.

Beeline Capital Advisors Private Limited is the book running lead managers to the issue.