Vertexplus Technologies Limited IPO
i. Vertexplus Technologies is 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 its enabling solutions to strengthen their current capabilities and build pathways for sustainable growth. The company has experience across various industry sectors.
ii. 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 has worked for numerous industries, realized their true potential and scale to global recognition.
iii. The company ensure quality and time delivery in the most cost-effective manner in order to determine the success of complex enterprise projects through five delivery models:
a) Off-shore Model
b) On-site Model
c) Hybrid Model
d) Global Model
e) Strategic Partnerships
iv. For the year ended March 31, 2022, the Company’s Total Consolidated Income and Restated Consolidated Profit after Tax were Rs. 2132.04 Lakhs and Rs. 186.05 Lakhs respectively. For the year ended March 31, 2021, the Company’s Total Consolidated Income and Restated Consolidated Profit after Tax was Rs. 2025.61 Lakhs and Rs. 104.98 Lakhs, compared to the Company’s Total Consolidated Income and Restated Consolidated Profit after Tax of Rs. 1978.33 Lakhs and Rs. 61.23 Lakhs respectively, over previous year ended i.e. March 31, 2020.
Competitive Strengths
i. Global Delivery Network
ii. Leveraging the experience of our Promoter
iii. Existing client relationship
Objects of the Vertexplus Technologies Limited IPO:
Vertexplus Technologies Limited IPO Details:
Open Date: | Mar 02 2023 |
Close Date: | Mar 06 2023 |
Issue Type: | Book Built Issue IPO |
Issue Size: | 14.20 Cr. |
Lot Size: | 1200 Shares |
Issue Price: | ₹ 91-96 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Mar 15 2023 |
Promoters And Management:
Financials of Vertexplus Technologies Limited IPO:
Particulars ( In Crore ) | 2022 | 2021 | 2020 |
Revenue from Operations | 20 | 19 | 19 |
Other Income | 0.4 | 0.6 | 0.4 |
Total Revenue | 21 | 20 | 19 |
Cost of Material Consumed | - | - | - |
Change in Inventories | - | - | - |
Employee Benefits Expense | 15 | 17 | 16 |
Other Expenses | 2 | 0.9 | 1 |
EBITDA | 3 | 2 | 1 |
Depreciation & Amortisation | 0.3 | 0.1 | 0.1 |
Finance Cost | 0.4 | 0.4 | 0.5 |
EBIT | 2 | 1 | 1 |
OPM (%) | 15.21% | 10.49% | 7.74% |
PBT | 2 | 1 | 0.8 |
Taxes | 0.6 | 0.4 | 0.3 |
PAT | 1 | 1 | 0.6 |
NPM (%) | 8.73% | 5.18% | 3.10% |
No.of Shares | 0.54 | 0.54 | 0.54 |
EPS | 3.39 | 1.91 | 1.11 |
P/E | 28.27 | 50.11 | 85.91 |
Comparison With Peers:
Name of the Company | Revenue (Cr) | Profit (Cr) | P/E | EPS | CMP | Mcap (Cr) |
Vertexplus Technologies Limited | 20 | 1 | 28.27 | 3.39 | 96 | 52 |
Ksolves India Limited | 45 | 15 | 22.9 | 12.88 | 425 | 504 |
Sigma Solves Limited | 41 | 14 | 22.20 | 8.70 | 191 | 196 |
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