DelaPlex Limited IPO

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Company Profile and Expertise:

This company specializes in technology and software development solutions, offering consulting services that drive growth and value for client businesses. With expertise in various industry sectors, the company provides advanced technological solutions. Key areas of specialization include Supply Chain Consulting, Custom Software Development, Cloud Services, Data Science, software-defined data centers, integrated infrastructure, cloud technologies, DevOps, security solutions, data analytics, and artificial intelligence.

Subsidiary and Ownership:

delaPlex Limited (dpl) is introduced as a subsidiary of the U.S.-based delaPlex INC., with the latter holding 51% of the company’s shares.

Core Focus:

    • Supply Chain Transformation: The company aims to revolutionize supply chains using IT and digital transformation, offering solutions for opportunity identification, roadmap development, sales forecasting, risk insight, and deployment of innovative solutions.
    • Consultation and Software Solutions: Providing comprehensive consulting and software solutions leveraging industry knowledge, consulting methodologies, analytics, and cutting-edge technologies.
    • Global Client Base: Working with a diverse range of global clients across industries, the company adopts a client-centric approach and partners with service and technology providers to create dynamic ecosystems linked with centers of excellence (CoEs).

Significance of Supply Chain Transformation:

The company emphasizes the importance of supply chain transformation in enhancing business efficiency, quality control, customer satisfaction, sustainability, risk mitigation, and future-proofing against technological advancements.

Role in Supply Chain Transformation:

As a provider of omni-channel supply chain consulting and software solutions, the company focuses on automation, IT initiatives, and digital tools, catering to clients worldwide with an emphasis on the U.S. market.

Clientele and Market Reach:

The company services a diverse customer base, mainly in the U.S., spanning various sectors like Broadcasting, Petroleum, Retail, 3PL, WFM, QSRs, Hospitality, IT & ITES, Telecom, etc. It also has an international presence through delaPlex INC and Xperity LLC.

Business Agreements and Investments:

The company engages in Business Support Agreements for strategy services and Business Partnership Agreements for technology adoption and innovation projects. It invests in companies working on deep tech solutions and forms partnerships for global technology access.

In summary, this company is a tech-driven, innovation-focused enterprise with a global reach, specializing in software solutions, supply chain transformation, and consulting. It operates under experienced leadership, has strategic partnerships and investments, and caters to a diverse international client base.

Objects of the DelaPlex Limited IPO:

The company proposes to utilize the Net Proceeds from the Fresh Offer towards funding the following objects: i. APAC - Advertisement, Sales and Marketing expenses towards enhancing the awareness ii. Funding Working Capital Requirements of the Company iii. Funding of capital expenditure requirements of the Company towards the purchase of Office Laptops; iv. General corporate purposes and unidentified inorganic acquisition;
DRHP of DelaPlex Limited IPO
RHP of DelaPlex Limited IPO

DelaPlex Limited IPO Details:

Open Date: Jan 25 2024
Close Date: Jan 30 2024
Total Shares: 2,400,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 46.08 Cr.
Lot Size: 600 Shares
Issue Price: ₹ 186 - 192 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 02 2024

Promoters And Management:

Mr. Nitin Sachdeva, 47, is the Founder, Chairman, and MD of the company. An alumnus of Nagpur University, he's a Chartered Accountant with diverse certifications, including 2nd Doctoral Research Conclave, Exin, Certified Fraud Examiner, and ISO 9001:2015 Lead Auditor, among others. With over 20 years of industry experience, he has been pivotal in shaping the company since its inception. His expertise spans digital products, solutions, and strategic partnerships. His leadership focuses on business and technology transformation. Ms. Preeti N Sachdeva, aged 46 years, is the Promoter and Whole Time Director of the Company. She has completed her Higher Secondary Examination from Madhya Pradesh, Bhopal in the year 1996. She has been associated with the company for more than 10 Years. She is responsible for management of Human Resources and Administration of the company. She has over 10 years of experience in the Human Resources and Administration department. Mr. Manish Iqbalchand Sachdeva, aged 50 years, is the Promoter and Non-Executive Director of the Company. He holds a Degree of Bachelor in Engineering (Computer Technology) from Nagpur University in the year 1994. He holds a Master of Engineering Degree from The Birla Institute of Technology & Science in the year 1996. He has more than 22 years of experience in the industry in which they operate. He has previously worked with Tata Elxsi (India) Limited as Senior Engineer, Tektronix Engineering Development (India) Limited as Software Specialist and Red Prairie Corporation as Senior Business Analyst, currently he is Chief Executive Officer of delaPlex INC.

Financials of DelaPlex Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
6M-FY24
Revenue from Operations 3,622 4,974 5,400 2,786
Other Income 11 60 121 28
Total Revenue 3,633 5,034 5,522 2,814
Purchase of Stock-in-trade 0 47 12 0
Employees Benefit Expenses 2,689 3,683 3,871 1,868
Other Expenses 362 442 530 356
EBITDA 582 862 1,109 591
Depreciation & Amortisation 67 61 48 14
EBIT 515 802 1,061 576
OPM (%) 16.02% 17.13% 20.08% 20.98%
PBT 515 802 1061 576
Tax 111 190 270 151
PAT 404 612 791 426
NPM (%) 11.12% 12.15% 14.32% 15.12%
No.of Shares 91.10 91.10 91.10 91.10
EPS 4.43 6.71 8.67 4.67

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Delaplex Limited 54 8 8.67 22.1 192 175
Ksolves India Limited 77 25 20.98 50.7 1,360 1,613
Micropro Software Solutions Limited 22 6 N/A 13.6 56.4 81
Sigma Solve Limited 55 15 9.63 37.3 485 498
* All the data is as per FY23.

Recommendation on DelaPlex Limited IPO:

Review and Recommendation on delaPlex SME IPO by IZ team is 3/10

Lead Manager of DelaPlex Limited IPO:

  1. SHRENI SHARES PRIVATE LIMITED

Registrar of DelaPlex Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

DelaPlex Limited 554/31, Utkarsh Nagar, Near K.T Nagar, Katol Road, Nagpur – 440013, Phone: + 91 9766660249 Email: investor@delaplex.in Website: https://delaplex.in/

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