March 15, 2023
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Vertexplus Technologies IPO Analysis at Chanakyanipothi.com,
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Vertexplus Technologies IPO Guidance:
Though the IPO size is not too large, the valuation at which the shares are offered is on higher side. The fancy of the grey market is not too strong. IPO may bring so-so listing gains.
Vertexplus IPO Grey Market updates
Prior to listing
GMP: Rs.8
Subject to: Not started.
Vertexplus Technologies IPO Subscription Status
On 6 March 2023 @ 5.00 pm (Closed)
QIB 7020000 Shares, 0.58T
NII: 211200 Shares, 35.15T
RII: 492000 Shares, 15.48T
Total: 1405200 Shares 11.00T
Vertexplus Technologies: Company Details
VertexPlus endeavors to bring together creativity and knowledge with positive business strategy to furnish the requirements of diverse customers with an inclusive range of products and services which are comprehensive and cost effective so that the client can focus on their core-competencies to improve or expand their businesses. VertexPlus has worked for numerous industries, realized their true potential and scale to global recognition.
We power up enterprises to think beyond the ordinary through an integrated, intelligent, technology stack that automates the processes and accelerates the operations. From small programming assignments to an intensely complex project, or a niche solution, we are 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. We ensure quality and time delivery in the most cost-effective manner in order to determine the success of complex enterprise projects through five delivery models.
For more information about the company, Click www.vertexplus.com
| Vertexplus Technologies IPO Details | |
| IPO opens on Tentative | 2 March 2023 |
| IPO closes on | 6 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1479600 Sh /Rs 14.05 Cr |
| * Fresh Issue | 1479600 Sh /Rs 14.05 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.91-95 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | 702000 | 6.67 |
| NII (50 %) | 211200 | 2.00 |
| RII (50 %) | 492000 | 4.68 |
| Total Shares | 1405200 | 13.35 |
| Retail portion will be oversubscribed by | 410 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1200 Sh | Rs. 114000 |
| Max Retail Application | 2400 Sh | Rs. 228000 |
Promoters of the IPO
MR. SANDEEP KUMAR PAHARIYA AND MRS. NIRU PAHARIYA
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
Funding our working capital requirements
| IPO Tentative timetable | |
| IPO opens on | 2 March 2023 |
| IPO Closes on | 6 March 2023 |
| IPO Allotment on | 10 March 2023 |
| Unblocking of ASBA | 13 March 2023 |
| Credit of Shares | 14 March 2023 |
| Listing on | 15 March 2023 |
| Registered Office of the Company |
| B-19, Ground Floor, 10-B Scheme, Gopalpura Road, Jaipur -302018, Rajasthan, India. |
| IPO Lead Managers |
| Beeline Capital Advisors Private Limited |
| Registrar to the IPO |
| Skyline Financial Services Private Limited |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 19.64 | 0.61 | 1.53 | 16.10 |
| 2020-21 | 20.26 | 1.05 | 2.62 | 21.55 |
| 2021-22 | 21.32 | 1.86 | 4.65 | 27.64 |
| Book Value of the Share on | 31.03.2022 | Rs.16.83 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 95 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 51 |
| Upper price/BV Ratio | 5.64 |
| Upper price/BV after IPO | |
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Vertexplus Technologies IPO Peer Comparison:
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 21.32 | 51 |
| KSolves India | 10 | – | 30.29 |
| Sigma Solves | 10 | – | 22.06 |
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