DelaPlex IPO Date, Price, GMP, Review, Analysis & Details

Pricing and Timeline

News: DelaPlex Limited, a company gearing up for its public debut, has unveiled the pricing range for its upcoming initial public offering (IPO), set at ₹186 to ₹192 per equity share. The IPO is slated to kick off on January 24 and conclude on January 29. Investors are closely monitoring indicators such as the IPO Grey Market Premium (GMP), Kostak, and Subject to Sauda rates to gain insights into the prospective listing price.

As of January 22, 2024, at 02:02 PM, the Grey Market Premium for DelaPlex SME IPO is recorded at ₹85. With a price band of ₹192.00, the anticipated listing price stands at ₹277 (cap price + today’s GMP). This signifies a projected gain or loss of 44.27% per share.

The Grey Market Premium, also referred to as GMP, denotes the price at which an IPO trades in an unofficial, unregulated grey market before its official listing. It serves as an indicator of the IPO’s potential performance on its listing day. A negative GMP implies a discounted IPO, while a positive GMP suggests a lucrative one.

However, it is crucial to recognize that GMP can experience significant fluctuations, introducing risk to investment decisions based solely on this metric. Prior to investing, careful consideration of all options is essential, weighing the potential risks and rewards associated with the DelaPlex SME IPO.

Valuation and Subscription

The book-built DelaPlex IPO has been appraised at Rs 46.08 crores. This valuation comprises an offer to sell 6 lakh shares, amounting to Rs 11.52 crores, and a new issue of 18 lakh shares valued at Rs 34.56 crores.

The subscription window for the DelaPlex IPO is scheduled to open on January 25, 2024, and will close on January 30, 2024. The allocation results for the IPO are anticipated to be disclosed on January 31, 2024. The proposed listing date is earmarked for February 2, 2024, on NSE SME.

Important Dates

• IPO Open Date: Thursday, January 25, 2024
• IPO Close Date: Tuesday, January 30, 2024
• Basis of Allotment: Wednesday, January 31, 2024
• Initiation of Refunds: Wednesday, January 31, 2024
• Credit of Shares to demat: Thursday, February 1, 2024
• Listing Date: Friday, February 2, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on January 30, 2024

Investment Details

• The pricing range for the DelaPlex IPO is ₹186 to ₹192 per share. Investors looking to participate in the IPO must apply for a minimum lot size of 600 shares. For retail investors, the minimum investment required is ₹115,200, while High Net Worth Individuals (HNIs) are required to invest in at least two lots, equivalent to 1,200 shares, totaling ₹230,400.

  To apply for the DelaPlex IPO, investors have the option to utilize the ASBA (Application Supported by Blocked Amount) facility. This enables them to apply online using their bank account or through their stockbroker using UPI. Alternatively, offline applications can be submitted using forms provided by the stockbroker.

  The DelaPlex IPO lot size is structured in multiples of 600 shares, with a minimum bid of 600 shares. The table below outlines the minimum and maximum amounts invested by both retail investors and HNIs, along with their respective proportions:

  | Investor Category | Lot Size (Shares) | Minimum Investment (INR) | Maximum Investment (INR) |
  |————————|——————-|—————————|—————————|
  | Retail Investors | 600 | 115,200 | – |
  | High Net Worth Individuals (HNIs) | 1,200 | 230,400 | – |

  Retail (Min): 600 shares – ₹115,200
• Retail (Max): 600 shares – ₹115,200
• HNI (Min): 1,200 shares – ₹230,400

Anchor Investors and Shares Offered

Anchor investors have collectively invested Rs 13.11 crores in the DelaPlex IPO, with the anchor bid date scheduled for January 24, 2024. The allocation of shares to various investor categories is outlined as follows:

– QIB Shares Offered: Not exceeding 50% of the Net Issue
– Retail Shares Offered: Not falling below 35% of the Net Issue
– NII (HNI) Shares Offered: Not falling below 15% of the Net Issue

Investment Consideration

The decision to invest in the DelaPlex IPO should be based on individual risk tolerance and investment objectives. Evaluating market conditions, analyzing the company’s fundamentals and growth potential, and monitoring the Grey Market Premium for insights into investor sentiment are crucial steps. While a positive GMP may indicate strong demand, it does not guarantee post-listing success. Thorough research, consideration of financial goals, and consultation with financial experts are recommended before making any investment decisions. It’s important to acknowledge that investing always involves risks, and past successes do not assure future outcomes.

FAQs

Q: What does the term Grey Market Premium (GMP) signify?

A: The Grey Market Premium (GMP) denotes the price at which an IPO trades on an unofficial, unregulated grey market before its official listing. It serves as an indicator of the anticipated performance of the IPO on its listing day. A negative GMP suggests the IPO will be discounted, whereas a positive GMP indicates it will likely be profitable.

Q: How can potential investors participate in the DelaPlex IPO?

A: Investors can participate in the DelaPlex IPO by utilizing the ASBA (Application Supported by Blocked Amount) facility. This allows them to apply online using their bank account or through their stockbroker using UPI. Alternatively, offline applications can be submitted using forms provided by the stockbroker.

Q: What are the minimum lot size and bid requirements for the DelaPlex IPO?

A: The DelaPlex IPO has a minimum lot size of 600 shares. Retail investors must invest a minimum of ₹115,200, while High Net Worth Individuals (HNIs) are required to invest in at least two lots, equivalent to 1,200 shares, totaling ₹230,400.