City-based delaPlex soars 68.98% on listing day
   Date :03-Feb-2024

City-based delaPlex 
Business Reporter
City-based software solutions company delaPlex Limited, whose SME IPO opened on January 25, 2024 and closed on January 30, 2024, listed on the SME Platform of NSE i.e., ‘NSE Emerge’ at a premium of 61 per cent on Friday. The popularly known and identified in software and supply chain industry as “delaPlex”, the company is a versatile software development and services company committed to delivering tailored solutions that align with the unique needs of its clients, specializing in supply chain, software development, IoT, AI, and cloud services having significant presence in Central India. The Rs 46.08 crore initial public offering was issued at price of Rs 192 per share and found a great response from all investor categories to be subscribed over 177.79 times, generating a demand of over Rs 5,443 crore. Bids of shares were received against the offering of 24,00,000 shares.
In the other than Retail Individual Investor Category there was subscription of 11,46,63,000 and the category was subscribed by 335.27 times. The Retail Individual Investors Category received subscription of 12,51,88,800 equity shares and the category was subscribed by 157.00 times. The shares of the company listed at Rs 309 per share giving 61 per cent returns post that it hit upper circuit during the intraday trade as it touched a high of Rs 324.45 per share and closed at Rs 324.45 per share on NSE Emerge. The market capitalization of the company post Friday’s closing price stands at Rs 295.57 crore.
Speaking on this listing ceremony which held in the city - Nitin Sachdeva, Promoter, MD, delaPlex Limited quoted Shri Chanakya saying “Person should learn how to work in the present to build a better future.” Manish Sachdeva, Promoter, Director, delaPlex Limited conveyed his wishes via a video message. Parth Shah, Director and CEO, Shreni Shares Limited said “Shreni Shares Limited is proud of bringing delaPlex on the NSE Emerge Exchange.