Deltatech Gaming IPO Analysis @ Chanakyanipothi.com,
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Deltatech Gaming Company Details
Deltatech is a digitally native, technology led gaming platform, delivering a gamer-centric gaming experience across its various offerings. It is one of the earliest companies in the real money gaming segment in India and Adda52 is India’s first online poker platform offering multiple poker variants. It has been considered as a ‘category pioneer’ in India having a large gamer base and have had more than 34.5% of market share for over seven years till Fiscal 2021.
It offers real money gaming through its platforms, Adda52.com – offering poker (“Adda52”) and Adda.games – offering multi-games (“Adda.games”), which will include its rummy offering, Adda52Rummy (“Adda52Rummy”).
Its core competencies have been its investment in building its own in-house platforms and developing data intelligence capabilities. It believes that it offers a robust and seamless omni-channel digital offering, with fully integrated online play, through mobile, web and desktop versions, coupled with its offline capabilities.
We believe that its historical traction and gamer-first philosophy places it in an advantageous position to capture the opportunity for real money gaming. It aims to be the platform-of-choice for real money gaming gamers across the country. Its gaming platforms have witnessed a substantial increase in the number of registrations of gamers.
The increase in the cumulative registered gamer base increases the network liquidity on its platforms which helps in increasing Deposits over a period of time. An increase in the Deposits is an indication of a gamer spending more time on its platforms and engaging in higher number of games resulting in increase in its income from operations. Its increase in Deposits since the first quarter of Fiscal 2018, on an indexed basis, it has, over the years, invested in building its in-house platforms and continue to evolve them.
It believes investment in our gaming platform and offerings is essential to our business improvement, growth opportunities for onboarding of new gamers, and retention of its existing gamers, by leveraging adjacencies like game variants, promotions, etc. It believes that its platforms, developed by its engineers, are built on a distributed and scalable architecture, that provides a flexible, secure and uninterrupted playing experience to its gamers. It believes its agile development methodology provides us with the necessary speed for innovation. Its gamer data pools, and insights into gamer preferences has allowed it to drive innovations and relevance, leading to positive engagement for its gamers.
In line with its growth strategy, in April 2021, it acquired multi-gaming technology under the brand ‘Faboom’ and re-branded it as the Adda.games platform, thereby expanding its footprint in the gaming industry.
For more information, click www.deltatech.gg
The Promoters of Deltatech Gaming
Delta Corp ltd
Deltatech Gaming IPO Main Objects
The Offer comprises of fresh issue of capital & offer for Sale.
The proceeds of the fresh issue of capital are proposed to be utilized for
1. Organic growth, through marketing and business promotion activities, to attract new
gamers and retain existing gamers on its platforms
2. Strengthen its technology infrastructure to develop new capabilities, maintain and manage
our existing platform
3. Funding inorganic growth initiatives and general corporate purposes
Deltatech Gaming IPO Details | |
IPO opens on | ? |
IPO closes on | ? |
Issue Type | Book Built Issue IPO |
Issue Size | up to ? Shares /Rs 550 Crore |
* Fresh Issue | Rs.300 Cr |
* Offer for Sale | Up to Rs.250Cr |
Face Value per share: | Rs. 1 |
Price Band | Rs. ? |
Employee discount | Rs. ? per share |
Retail Lot Size | ? Shares |
Listing will at | BSE, NSE |
Shares offered to | Shares | Rs. |
QIB (50 %) | ? | Cr |
NII (15 %) | ? | Cr |
RII (35 %) | ? | Cr |
Employees | ? | Cr |
Total Shares | ||
Retail portion will be oversubscribed by | ? Forms | |
How much Shares to Apply? | ||
Min Retail Application | ? Shares | Rs. ? |
Max Retail Application | ? shares | Rs.? |
Small HNI (Min) application | ? Shares | Rs.? |
Small HNI (Max) application | ? shares | Rs. ? |
Big HNI Application | ? shares | Rs. ? |
Deltatech Gaming IPO Tentative timetable | |
IPO opens on | ? |
IPO Closes on | ? |
IPO Allotment on | ? |
Unblocking of ASBA | ? |
Credit to Demat Accounts | ? |
Listing on | ? |
Registered Office of Harsha Engineers | |
4th Floor, 148 Jessore Road, Block A, Southeast Corner, Kolkata, – 700 074, West Bengal, | |
Harsha Engineers IPO Lead Managers | |
Axis Capital Limited, JM Financial | |
Registrar to Harsha Engineers IPO | |
Kfin Technologies Ltd. |
Deltatech Gaming IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
in crores | Rs. | Rs. | Rs. | % |
2019-20 | 132.16 | 29.85 | 5.92 | 5.8 |
2020-21 | 156.05 | 15.95 | 3.14 | 10.49 |
2021-22 | 137.63 | (4.40) | (0.53) | 17.42 |
Book Value of the Share on | 31.03.2022 | Rs.1.19 | ||
Book Value of the Share | after the IPO | Rs. | ||
Offer Price | Rs.? |
Ratio Analysis | |
Upper Price Band/last EPS | 0 |
Upper offer price/Book Value Ratio | 0 |
Upper offer price/BV after IPO Ratio | 0 |
Deltatech Gaming IPO Peer Comparison: | |||
as on date of DRHP | Total Income Rs. | Net Profit | PE Ratio |
Rs. | |||
Nazara Technology | 645.80 | 0 | 123.53 |
– | 0 | 0 | 0 |
– | 0 | 0 | 0 |
Sundaram Fasteners | 0 | 0 | 39.38 |
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