Last Updated on: 24th January 2024, 04:26 am
The pricing band for the delaPlex IPO has been set at ₹186 to ₹192 per equity share. The IPO is scheduled to commence on Wednesday, January 24, and will conclude on Monday, January 29. Investors are encouraged to monitor the DelaPlex Limited IPO Grey Market Premium (GMP), Kostak, and Subject to Sauda rates.
DelaPlex Limited IPO Grey Market Premium (GMP)
As of January 22, 2024, at 02:02 PM, the Grey Market Premium (GMP) for DelaPlex SME stands at ₹85. The expected listing price, considering the price band of ₹186 to ₹192, is estimated at ₹277 (cap price + today’s GMP), indicating an anticipated gain/loss per share of 44.27%.
The Grey Market Premium (GMP) reflects the unofficial, unregulated trading of an initial public offering (IPO) before its official listing. It serves as a predictor of the IPO’s performance on the listing day. A negative GMP implies a discounted IPO, while a positive GMP suggests a potentially lucrative one.
Investors should exercise caution as IPO GMP can be highly volatile. It is advisable to consider all factors before making investment decisions related to the DelaPlex SME IPO. You can also check Union Budget 2024-25.
DelaPlex Limited IPO Details
The book-built DelaPlex IPO is valued at Rs 46.08 crores, consisting of an offer to sell 6 lakh shares for an aggregate of Rs 11.52 crores and a new issue of 18 lakh shares valued at Rs 34.56 crores.
The subscription period for the DelaPlex IPO is from January 25, 2024, to January 30, 2024, with the allocation expected to be finalized on Wednesday, January 31, 2024. The proposed listing date on NSE SME is set for Friday, February 2, 2024.
- IPO Open Date: Thursday, January 25, 2024
- IPO Close Date: Tuesday, January 30, 2024
- Basis of Allotment: Wednesday, January 31, 2024
- Initiation of Refunds: Wednesday, January 31, 2024
- Credit of Shares to demat: Thursday, February 1, 2024
- Listing Date: Friday, February 2, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on January 30, 2024
The pricing range for the DelaPlex IPO is ₹186 to ₹192 per share, with a minimum lot size of 600 shares. Retail investors need to invest a minimum of ₹115,200, while HNI investors require a minimum lot size investment of two lots, or 1,200 shares, totaling ₹230,400.
How to Apply for the DelaPlex IPO?
Investors can apply for the DelaPlex IPO online using ASBA with their bank account, through their stockbroker utilizing UPI, or offline using their stockbroker’s form. The application process involves confirming IPO eligibility, maintaining sufficient funds in the trading account, completing the application form, and using UPI, online banking, or ASBA for payment. A confirmation and allotment status will be provided upon the conclusion of the IPO.
Check also, the Visa Mastercard Settlement Claim Form
DelaPlex IPO Lot Size
Bids can be placed for multiples of 600 shares, with a minimum bid of 600. The table below illustrates the minimum and maximum amounts invested by HNIs and retail investors, along with the corresponding proportions.
- Retail (Min): 600 – ₹115,200
- Retail (Max): 600 – ₹115,200
- HNI (Min): 1,200 – ₹230,400
DelaPlex IPO Reservation
Anchor investors have contributed Rs 13.11 crore to the DelaPlex IPO, with the anchor bid date being January 24, 2024.
- QIB Shares Offered: Not more than 50% of the Net Issue
- Retail Shares Offered: Not less than 35% of the Net Issue
- NII (HNI) Shares Offered: Not less than 15% of the Net Issue
DelaPlex IPO: Buy or Not
The decision to invest in the DelaPlex IPO depends on individual risk tolerance and investment goals. Factors such as market conditions, company development potential, and fundamentals should be considered. While a positive GMP may indicate strong demand, it does not guarantee post-listing success.
Thorough research, evaluation of financial objectives, and consultation with experts are crucial before making any investment decisions. It is essential to remember that investing always carries risks, and past successes do not guarantee future outcomes.
