Vertexplus Technologies IPO: GMP, Price, Dates & size

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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 
ITCONS E-Solutions IPO: GMP, Price, Dates and size

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:  

  1. To Meet Working Capital Requirement 
  1. General Corporate Purpose 
  1. To Meet the Issue Expenses 

Vertexplus Technologies IPO Prospectus

Company Contact Information

Vertexplus Technologies Limited
B-19, 10-B Scheme,
Gopalpura Road
Jaipur – 302018
Phone: +91 141 6622200 / 02
Email: support@vertexplus.com
Websitehttps://www.vertexplus.com/global/en/

Vertexplus Technologies IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: grievances@skylinerta.com
Websitehttps://www.skylinerta.com/

Vertexplus Technologies IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
Vertexplus Technologies

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