Deltatech Gaming IPODeltatech 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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