Vertexplus Technologies IPO Details
- Open Date 02-Mar-23
- Close Date 06-Mar-23
- Lot Size 1200
- IPO Size ₹ 14.20 Cr
- IPO Price Range ₹ 91 to ₹ 96
- Min Investment ₹ 109200
- Listing Exchange NSE SME
- Basis of Allotment 10-Mar-23
- Refunds 13-Mar-23
- Credit to Demat Account 14-Mar-23
- Listing Date 15-Mar-23
Vertexplus Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 02-Mar-23 | 0.00x | 0.33x | 1.00x | 0.40x |
| 03-Mar-23 | 0.00x | 0.63x | 2.85x | 1.09x |
| 06-Mar-23 | 0.58x | 35.15x | 15.53x | 11.01x |
Vertexplus Technologies IPO Synopsis
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
About Vertexplus Technologies
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
Vertexplus Technologies Financial Status
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% |
Vertexplus Technologies IPO Key Points
-
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
How to apply for IPO?
-
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 -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Vertexplus Technologies IPO FAQs
What is the price band of the Vertexplus Technologies IPO?
The price for the Vertexplus Technologies IPO is set at Rs. 91 - 96 per share.
When does the Vertexplus Technologies IPO issue open and close?
The Vertexplus Technologies IPO opens on 2nd March and closes on 6th March.
What is the size of Vertexplus Technologies IPO?
The Vertexplus Technologies IPO comprises of fresh issue of 1,479,600 equity shares which aggregates the issue size to Rs. 14.20 cr.
What is the allotment date of Vertexplus Technologies IPO?
The allotment date of Vertexplus Technologies IPO is set for 10th March.
What is the Vertexplus Technologies IPO’s listing date?
The Vertexplus Technologies IPO will be listed on 15th March.
What is the lot size and investment required for the Vertexplus Technologies IPO?
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).
What is the objective of the Vertexplus Technologies IPO?
The net proceeds from the issue will be used for:
• To Meet Working Capital Requirement
• General Corporate Purpose
• To Meet the Issue Expenses
How to apply for the Vertexplus Technologies IPO?
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
Who are the promoters/key personnels of Vertexplus Technologies IPO?
Vertexplus Technologies IPO is promoted by Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya.
Who are the book runners for Vertexplus Technologies IPO?
Beeline Capital Advisors Private Limited is the book running lead managers to the issue.
Contact Details of Vertexplus Technologies IPO
Contact Information
Vertexplus Technologies Limited
B-19, 10-B Scheme,
Gopalpura Road
Jaipur - 302018
Phone: +91 141 6622200 / 02
Email: support@vertexplus.com
Website: https://www.vertexplus.com/global/en/
Vertexplus Technologies IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/
Vertexplus Technologies IPO Lead Manager
Beeline Capital Advisors Pvt Ltd