Delaplex IPO Day 2: Check Subscription Status, GMP Today

Delaplex IPO: The initial public offering of IT solutions provider DelaPlex Ltd opened for public subscription on Thursday, January 25, and was oversubscribed within hours of the opening. The IPO will remain open until Tuesday, January 30. Monday will mark the second day of bidding for the IPO.

In the first day of bidding on Thursday, the Rs 460.8-crore SME IPO was subscribed 3.13 times with bids for 49,87,200 shares as against 15,94,800 shares on offer.

The retail quota subscription was 5.08 times, and the non-institutional quota subscription was 1.97 times. The QIB category was subscribed 0.58 times.

The rights issue of Delaplex IPO will take place on January 31, while its listing will take place on NSE SME on February 2, 2024.

DelaPlex IPO GMP Today

According to market observers, the unlisted shares of DelaPlex Ltd continued to trade higher by Rs 125 in the gray market compared to the issue price. The gray market premium or GMP of Rs 125 means Gray Market expects a listing gain of 65.1% on the public issue. GMPs are based on market sentiment and are constantly changing.

The “grey market premium” indicates that investors are willing to pay more than the issue price.

DelaPlex IPO Details

The DelaPlex IPO includes fresh issue of 1.8 million shares for Rs 345.6 crore and sale of 0.6 million shares for Rs 115.2 crore.

The price range for the DelaPlex IPO has been fixed at Rs 186 to Rs 192 per share. The minimum lot size requested is 600 shares. The minimum investment amount required for retail investors is Rs 1,15,200. The minimum investment lot size for HNI is 2 lots (1,200 shares) and the amount is Rs. 2,30,400.

Shreni Shares Limited is the lead bookkeeping manager for the DelaPlex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for the DelaPlex IPO is Shreni Shares.