Vertexplus Technologies IPO Details ( Vertexplus IPO Review )
(02 Mar 2023 – 06 Mar 2023)
Vertexplus Technologies Limited, established in 2010, is a certified Information Technology company with ISO 9001:2015 and ISO/IEC 27001:2013 certifications. The company provides consulting, outsourcing, infrastructure, digital solutions, and services.
Over time, Vertexplus Technologies Limited has amassed experience across multiple industries and sectors. We work alongside businesses to meet their continually evolving Information Technology requirements and offer our empowering solutions to bolster their current capabilities and pave the way for sustainable growth.
Vertexplus employs five delivery models to guarantee the success of complex enterprise projects by ensuring quality and timely delivery in the most cost-effective manner.
- Off-shore Model
- On-site Model
- Hybrid Model
- Global Model
- Strategic Partnerships
Vertexplus Technologies Company Product:
- Consulting Services
- Technology Services
- Infrastructure Services
- Outsourcing Services
Vertexplus Technologies IPO Competitive Strength
- Global Delivery Network
- Leveraging the experience of our Promoter
- Existing client relationship
- Diversified customer base and revenue sources
- Increasing the efficiency and knowledge of Employees
Vertexplus Technologies IPO Our Strategies
- Expand our 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 Financials Performance ( Results )
Vertexplus Technologies Limited Financial Information ( Restated Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | NAV | Reserves | Borrowing |
| 31-Mar-20 | 989.70 | 1,963.92 | 61.23 | 1.53 | 380.37 | 9.51 | 379.37 | 209.55 |
| 31-Mar-21 | 1,103.71 | 2,025.61 | 104.98 | 2.62 | 487.15 | 12.18 | 486.15 | 227.40 |
| 31-Mar-22 | 1,308.76 | 2,132.04 | 186.05 | 4.65 | 673.11 | 16.83 | 273.11 | 279.15 |
Objective of IPO Issue
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Vertexplus Technologies IPO Basic Details
| IPO Date | Mar 02, 2023 to Mar 06, 2023 |
| Listing Date | Wednesday, March 15, 2023 |
| Face Value | ₹10 per share |
| Price | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,480,000 shares of ₹10 (aggregating up to ₹14.21 Cr) |
| Fresh Issue | 1,480,000 shares of ₹10 (aggregating up to ₹14.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | 50% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 35% of the Offer |
| Company Promoters | Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya are the Promoters of the company. |
Vertexplus Technologies IPO Timetable
Vertexplus Technologies IPO will open on Mar 02, 2023 and close on Mar 06, 2023. You can join Vertexplus Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Mar 02, 2023 |
| Closing Date | Mar 06, 2023 |
| Basis of Allotment | Mar 10, 2023 |
| Initiation of Refunds | Mar 13, 2023 |
| Credit of Shares to Demat | Mar 14, 2023 |
| Listing Date | Mar 15, 2023 |
Vertexplus Technologies IPO Lot Size
For retail investors in Vertexplus Technologies IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹115,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹115,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| S-HNI (Min) | 2 | 2400 | ₹230,400 |
Vertexplus Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Vertexplus Technologies IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹4.65 per Equity Share |
| Price/Earning P/E Ratio | – |
| Return on Net Worth (RoNW) | 27.64% |
| Net Asset Value (NAV) | ₹16.83 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Vertexplus Technologies Ltd Peer comparison
| Company Name | Results Type | CPM | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Vertexplus Technologies Limited | Consolidated | – | 10.00 | 4.65 | – | 27.64% | 16.83 | – |
| Peer Group | ||||||||
| Ksolves India Limited | Consolidated | 27.8 | 10.00 | 13.27 | 30.29 | 93.63% | 14.17 | 27.8 |
| Sigma Solve Limited | Consolidated | 191 | 10.00 | 21.80 | 22.06 | 41.54% | 82.93 | 8.58 |
Vertexplus IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 13 March 2023 | ₹8 | – | – |
| 12 March 2023 | ₹8 | – | – |
| 11 March 2023 | ₹8 | – | – |
| 10 March 2023 | ₹8 | – | – |
| 09 March 2023 | ₹8 | – | – |
| 08 March 2023 | ₹8 | – | – |
| 07 March 2023 | ₹8 | – | – |
| 06 March 2023 | ₹8 | – | – |
| 05 March 2023 | ₹11 | – | – |
| 04 March 2023 | ₹11 | – | – |
| 03 March 2023 | ₹10 | – | – |
| 02 March 2023 | ₹11 | – | – |
| 01 March 2023 | ₹11 | – | – |
| 28 February 2023 | ₹10 | – | – |
| 27 February 2023 | ₹11 | – | – |
| 26 February 2023 | ₹0 | – | – |
Vertexplus Technologies IPO Detail Video:
Vertexplus Technologies IPO Subscription Status (Bidding Detail)
The Vertexplus Technologies IPO on Mar 6, 2023 at 5:18:00 PM was subscribed 11.01 times, with the retail category being subscribed 15.53 times, the NII (Non-Institutional Investor) category being subscribed 35.15 times and the QIB (Qualified-Institutional Buyers) category being subscribed 1.43 times.
| Category | Subscription |
| QIB | 1.43x |
| NII | 35.15x |
| Retail | 15.53x |
| Total | 11.01x |
Vertexplus Technologies IPO Prospectus
Vertexplus Technologies IPO Rating
| Our Rating | 2.0/5.0 |
Vertexplus Technologies Compnay Contact Information
VERTEXPLUS TECHNOLOGIES LIMITED
Registered Office: B-19, Ground Floor, 10-B Scheme, Gopalpura Road,
Jaipur -302018, Rajasthan, India.
Tel. No.: +91-0141-6622200/02
Email: compliance@vertexplus.com
Website: www.vertexplus.com
Contact Person: Mrs. Akshita Goyal, Company Secretary and Compliance Officer.
OUR PROMOTERS: MR. SANDEEP KUMAR PAHARIYA AND MRS. NIRU PAHARIYA
CIN: U72200RJ2010PLC033131
Vertexplus Technologies IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Address: D-153A, 1st 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
SEBI Registration Number: INR000003241
Vertexplus Technologies IPO Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
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
SEBI Registration Number: INM000012917
Vertexplus Technologies IPO FAQs
What is the lot size of Vertexplus Technologies IPO?
The total size of Vertexplus Technologies IPO is ₹14.21 crores and this is a complete fresh Issue.
When will Vertexplus Technologies IPO start?
Vertexplus Technologies IPO will Open from 02 March 2023 and IPO will Close on 06 March 2023.
What is the open date of Vertexplus Technologies IPO?
Vertexplus Technologies IPO will start from 02 March 2023.
What is the last date ( close date ) of Vertexplus Technologies IPO?
Vertexplus Technologies IPO will close from 06 March 2023.
What is the price band of Vertexplus Technologies IPO?
Vertexplus Technologies IPO price band is ₹91 to ₹96. ( Upper Price Band: ₹96, Lower Price Band: ₹91 )
What is the minimum amount required to apply for Vertexplus Technologies IPO?
The minimum investment for retailers to apply for Vertexplus Technologies IPO is ₹115,200 and the maximum investment is ₹115,200.
What is going on gray market premium of Vertexplus Technologies IPO?
View gray market premium of Vertexplus Technologies IPO by Clicking Here
How much is the GMP of Vertexplus Technologies IPO?
Watch Vertexplus Technologies IPO GMP Today: Click Here
What is the allotment date of Vertexplus Technologies IPO?
The allotment date of Vertexplus Technologies IPO is 10 March 2023.
How to check allotment status in Vertexplus Technologies IPO?
To check the allotment status of Vertexplus Technologies IPO, first of all go to the registrar website by clicking here, select your bad Vertexplus Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Vertexplus Technologies IPO?
The listing date of Vertexplus Technologies IPO is 15 March 2023.
How much will be the listing gain in Vertexplus Technologies IPO?
View listing gain of Vertexplus Technologies IPO by Clicking Here
How much time Vertexplus Technologies IPO is subscribed?
Total 11.01 times subscribed in Vertexplus Technologies IPO out of which 15.53 times subscription was done in retail quota and 1.43 times subscription in QIB quota and 35.15 times subscription in NII quota.
How to apply for Vertexplus Technologies IPO from Upstox?
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