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Vertexplus Technologies IPO is a book built issue of Rs 14.20 crores. The issue is entirely a fresh issue of 14.8 lakh shares.
Vertexplus Technologies IPO bidding started from March 2, 2023 and ended on March 6, 2023. The allotment for Vertexplus Technologies IPO was finalized on Friday, March 10, 2023. The shares got listed on NSE SME on March 15, 2023.
Vertexplus Technologies IPO price band is set at ₹91 to ₹96 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹230,400.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Vertexplus Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Vertexplus Technologies IPO is Prabhat Financial Services.
Refer to Vertexplus Technologies IPO RHP for detailed information.
| IPO Date | March 2, 2023 to March 6, 2023 |
| Listing Date | March 15, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,479,600 shares (aggregating up to ₹14.20 Cr) |
| Fresh Issue | 1,479,600 shares (aggregating up to ₹14.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,000,000 |
| Share holding post issue | 5,479,600 |
| Market Maker portion | 74,400 shares Prabhat Financial Services |
Vertexplus Technologies IPO offers 1,894,800 shares. 286,800 (15.14%) to QIB, 211,200 (11.15%) to NII, 492,000 (25.97%) to RII 415,200 (21.91%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 415,200 (21.91%) |
| Market Maker Shares Offered | 74,400 (3.93%) |
| QIB Shares Offered | 286,800 (15.14%) |
| NII (HNI) Shares Offered | 211,200 (11.15%) |
| Retail Shares Offered | 492,000 (25.97%) |
| Total Shares Offered | 1,894,800 (100%) |
Vertexplus Technologies IPO raises Rs 3.99 crore from anchor investors. Vertexplus Technologies IPO Anchor bid date is March 1, 2023. Vertexplus Technologies IPO Anchor Investors list
| Bid Date | March 1, 2023 |
| Shares Offered | 415,200 |
| Anchor Portion Size (In Cr.) | 3.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 8, 2023 |
Vertexplus Technologies IPO opens on March 2, 2023, and closes on March 6, 2023.
| IPO Open Date | Thursday, March 2, 2023 |
| IPO Close Date | Monday, March 6, 2023 |
| Basis of Allotment | Friday, March 10, 2023 |
| Initiation of Refunds | Monday, March 13, 2023 |
| Credit of Shares to Demat | Tuesday, March 14, 2023 |
| Listing Date | Wednesday, March 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 6, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
| Lot Size Calculator | |||
Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya are the Promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated in 2010, Vertexplus Technologies Limited is an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company. The company is engaged in consulting, outsourcing, infrastructure, and digital solutions and services.
Over the years, the company has gained experience across various industries and sectors. We collaborate with companies to fulfill their ever-evolving Information Technology needs and support their business with our enabling solutions to strengthen their current capabilities and build pathways for sustainable growth.
Vertexplus ensures quality and time delivery in the most cost-effective manner to determine the success of complex enterprise projects through five delivery models:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 989.70 | 1,963.92 | 61.23 | 380.37 | 379.37 | 209.55 |
| 31-Mar-21 | 1,103.71 | 2,025.61 | 104.98 | 487.15 | 486.15 | 227.40 |
| 31-Mar-22 | 1,308.76 | 2,132.04 | 186.05 | 673.11 | 273.11 | 279.15 |
| 30-Sep-22 | 1,599.17 | 1,091.71 | 91.26 | 807.62 | 407.62 | 360.61 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Vertexplus Technologies IPO is Rs 52.6 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 28.83 |
The company intends to utilize the proceeds of the Issue to meet the following objects: -
[Dilip Davda] VTL is an IT solution service provider operating in a highly competitive segment. Based on its current financial data, the issue appears aggressively priced. A small equity base post-IPO also indicated longer gestation for migration to the mainboard. Well-informed/cash surplus investors may consider parking of funds for the long term. Read detail review...
The Vertexplus Technologies IPO is subscribed 11.01 times on March 6, 2023 7:00:00 PM. The public issue subscribed 15.53 times in the retail category, 1.43 times in the QIB category, and 35.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.43 |
| NII | 35.15 |
| Retail | 15.53 |
| Total | 11.01 |
| Listing Date | March 15, 2023 |
| BSE Script Code | |
| NSE Symbol | VERTEXPLUS |
| ISIN | INE0NLB01018 |
| Final Issue Price | ₹96 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹96.00 |
| ₹101.00 |
| ₹101.00 |
| ₹106.05 |
| ₹106.05 |
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Vertexplus Technologies IPO is a SME IPO of 1,479,600 equity shares of the face value of ₹10 aggregating up to ₹14.20 Crores. The issue is priced at ₹91 to ₹96 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 2, 2023, and closes on March 6, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vertexplus Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Vertexplus Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vertexplus Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vertexplus Technologies IPO opens on March 2, 2023 and closes on March 6, 2023.
Vertexplus Technologies IPO lot size is 1200 Shares, and the minimum amount required is ₹115,200.
You can apply in Vertexplus Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vertexplus Technologies IPO will be done on Friday, March 10, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 14, 2023. Check the Vertexplus Technologies IPO allotment status.
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