Vertexplus Technologies Limited, an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company, was established in 2010. The company provides consulting, outsourcing, infrastructure, and digital solutions and services. Having worked across various industries and sectors, Vertexplus collaborates with firms to cater to their dynamic Information Technology requirements and offer empowering solutions to fortify their current capabilities and develop opportunities for enduring growth.
Vertexplus ensures quality and time delivery in the most cost-effective manner to determine the success of complex enterprise projects through five delivery models:
- Off-shore Model
- On-site Model
- Hybrid Model
- Global Model
- Strategic Partnerships
Vertexplus Technologies IPO Details
| IPO Date | Mar 2, 2023, to Mar 6, 2023 |
| Listing Date | Mar 15,2023 |
| Face Value | ₹10 per share |
| Price | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,479,600 shares of ₹10 (aggregating up to ₹14.20 Cr) |
| Fresh Issue | 1,479,600 shares of ₹10 (aggregating up to ₹14.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 28.83 |
| Market Cap (₹ Cr.) | 52.6 |
Vertexplus Technologies IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 2, 2023 |
| Closing Date | Mar 6, 2023 |
| Basis of Allotment | Mar 10, 2023 |
| Initiation of Refunds | Mar 13, 2023 |
| Credit of Shares to Demat | Mar 14, 2023 |
| Listing Date | Mar 15, 2023 |
Industry Overview
The Information Technology industry has been experiencing substantial growth in recent years, with the global market size reaching USD 5.2 trillion in 2020, according to a Statista report. The industry is projected to continue expanding, with a CAGR of 5.3% from 2020 to 2021, propelled by the increasing adoption of digital transformation, cloud computing, and Internet of Things (IoT) technologies.
Additionally, the outsourcing industry is expected to witness significant growth in the coming years, with a CAGR of 5.9% from 2021 to 2028, as per a report by Grand View Research. The industry’s growth is driven by the escalating adoption of digital technologies by businesses, coupled with the rising demand for cost-effective solutions. This trend creates an opportunity for companies like Vertexplus Technologies to expand their business and offer their services to clients across various industries.
Company Financials
Vertexplus Technologies Limited Financial Information (Restated Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 989.70 | 1,963.92 | 61.23 | 380.37 | 379.37 | 209.55 |
| 31-Mar-21 | 1,103.71 | 2,025.61 | 104.98 | 487.15 | 486.15 | 227.40 |
| 31-Mar-22 | 1,308.76 | 2,132.04 | 186.05 | 673.11 | 273.11 | 279.15 |
| 30-Sep-22 | 1,599.17 | 1,091.71 | 91.26 | 807.62 | 407.62 | 360.61 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objects:
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Vertexplus Technologies IPO Prospectus
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- › Anchor Investors in Vertexplus Technologies IPO
Company Contact Information
Vertexplus Technologies Limited
B-19, 10-B Scheme,
Gopalpura Road
Jaipur – 302018
Phone: +91 141 6622200 / 02
Email: support@vertexplus.com
Website: https://www.vertexplus.com/global/en/
Vertexplus Technologies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/
Vertexplus Technologies IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
