Vertexplus Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 06, 2023Let’s have a detailed review of the company and analytics of the Vertexplus Technologies IPO release date, IPO offer price, subscription, Vertexplus Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 91 to Rs 96 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Mar 15, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,420 Lakh |
| IPO Size | Rs 1,420 Lakh |
| Tick Size | 1 |
Vertexplus Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Vertexplus Technologies Share Price |
Vertexplus Technologies IPO – Summary
They are an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company engaged in consulting, outsourcing, infrastructure and digital solutions and services.
They collaborate with companies to fulfil their ever-evolving Information Technology needs and support their business with their enabling solutions to strengthen their current capabilities and build pathways for sustainable growth. The company has experience across various industry sectors.
The Promoter of this company is Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya. The lead manager to the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Vertexplus Technologies IPO Date
The opening and closing dates of Vertexplus Technologies IPO are Mar 2, 2023 and Mar 6, 2023 respectively.
Vertexplus Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 2nd Mar | 0.00x | 0.33x | 1.00x | 0.40x |
| 2nd Day – 3rd Mar | 0.00x | 0.63x | 2.85x | 1.09x |
| 3rd Day – 6th Mar | 0.58x | 35.15x | 15.53x | 11.01x |
| Shares Offered or Net Issue | 702,000 | 211,200 | 492,000 | 1,405,200 |
The shares subscribed by the public will be updated here.
Vertexplus Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Vertexplus Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 10, 2023 |
| Refunds Initiation | Mar 13, 2023 |
| Credit of Shares to Demat Account | Mar 14, 2023 |
| Share Listing Date | Mar 15, 2023 |
Vertexplus Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 91 to Rs 96
Vertexplus Technologies IPO Equity Size
This Initial Public Issue of 1,479,600 Equity Shares of Rs.10 each for cash at a price of Rs 91 to Rs 96 per equity share aggregating to Rs.1,420 Lakh.
Vertexplus Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,479,600 Equity Shares of Rs.10/ each.
Issue Size: 1,479,600 Equity Shares of Rs.10 each, aggregating to Rs.1,420 Lakh
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Vertexplus Technologies IPO – Live Performance
The listing date of this IPO is Mar 15, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Vertexplus Technologies Share Price |
Vertexplus Technologies IPO Grey Market Premium
The Vertexplus Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Vertexplus Technologies IPO – Company Overview
Their Company was originally incorporated on October 20, 2010 as “Vertexplus Technologies Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Rajasthan.
Subsequently their Company was converted into Public Limited Company and name of company was changed from “Vertexplus Technologies Private Limited” to “Vertexplus Technologies Limited” vide fresh certificate of incorporation dated July 25, 2022 issued by the Registrar of Companies, Jaipur.
Their Company operates from its Registered Office situated at B-19, Ground Floor, 10-B Scheme, Gopalpura Road Jaipur -302018, India and development facilities at Jaipur and Noida.
VertexPlus endeavours 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 Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 1308.76 | 1103.71 | 989.70 |
| *Total Revenue | 2132.04 | 2025.61 | 1978.33 |
| Total Expense | 1883.73 | 1879.54 | 1893.31 |
| Profit After Tax | 186.05 | 104.98 | 61.23 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 4.65 | 2.62 | 1.53 |
Further, their PAT for the period ended on March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 186.05 Lakh, Rs. 104.98 Lakh and Rs. 61.23 Lakh respectively.
Vertexplus Technologies IPO – Promoters
The Promoter of this company is:
- Mr. Sandeep Kumar Pahariya
- Mrs. Niru Pahariya
List of Related Parties (Key Managerial Personnel)
- Sandeep Kumar Pahariya, Chairman cum Managing Director
- Niru Pahariya, Whole-Time Director
- Samyak Jain, Non-Executive Director
- Nitin Bhatt, Independent Director
- Manoj Kumar Upadhyay, Independent Director
Vertexplus Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post Issue Share Holding – %
Vertexplus Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,479,600 Equity Shares aggregating up to Rs.1,420 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 40,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Vertexplus Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Vertexplus Technologies IPO – Business Strategy
- Expand their Current Business Relationships
- Optimal Utilization of Resources
- Enhance operational controls to ensure timely completion of Service
- To Build-Up a Professional Organization
- Invest in infrastructure and technology
Vertexplus Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance, timely payment, and delivery
- Broad customer base and strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 4.65 | 27.64% | 16.83 |
| 31-Mar-21 | 2.62 | 21.55% | 12.18 |
| Mar-20 | 1.53 | 16.10% | 9.51 |
Vertexplus Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Vertexplus Technologies Limited | 10 | [●] | 4.65 | 27.64% | 2132.04 |
| Listed Peers | |||||
| Ksolves India Limited | 10 | 30.29 | 13.27 | 93.63% | – |
| Sigma Solves Limited | 10 | 22.06 | 21.80 | 41.54% | – |
Vertexplus Technologies IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat. Telephone Number: 079 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Vertexplus Technologies IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration Number: INR000003241 Address: D-153A, 1 st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India. Tel. Number: 011-40450193-197 Fax- 011-26812683 Email Id: compliences@skylinerta.com Investors Grievance Id: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Mr. Rati Gupta CIN: U74899DL1995PTC071324 |
Vertexplus Technologies IPO – Other Details
- Statutory Auditor – M/s A Y & Co., Chartered Accountant
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – KOTAK MAHINDRA BANK LIMITED and HDFC BANK LIMITED
Vertexplus Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Vertexplus Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Vertexplus Technologies IPO Review FAQs
Check out various FAQs related to Vertexplus Technologies IPO:
What is the Issue Size of Vertexplus Technologies IPO?
The Company is making an initial public offer of 1,479,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Vertexplus Technologies IPO?
The price band for this particular IPO ranges between Rs 91 to Rs 96. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Vertexplus Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 2, 2023, while the closing date is set at Mar 6, 2023.
What is the Vertexplus Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 10, 2023, refund initiation is on Mar 13, 2023, credit of shares is on Mar 14, 2023, and share listing date is on Mar 15, 2023.
What is the Vertexplus Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 15, 2023. The date, when the listing would be done, is stagnant on Mar 15, 2023.
Who is the Registrar of Vertexplus Technologies?
One of the reputed registrars is managing the issue of this IPO, i.e. Skyline Financial Services Private Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Vertexplus Technologies?
Here are the promoters of this IPO – Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Vertexplus Technologies?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Vertexplus Technologies good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Vertexplus Technologies Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 186.05, 2021 is 104.98, and 2020 is 61.23.
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