Vertexplus Technologies Limited was incorporated in 2010 and is an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company. Vertexplus Technologies Limited is engaged in consulting, outsourcing, infrastructure, and digital solutions and services.
Over the years, the company has gained experience across various industries and sectors. We collaborate with companies to fulfill their ever-evolving Information Technology needs and support their business with our enabling solutions to strengthen their current capabilities and build pathways for sustainable growth.
| Minimum Investment ₹115,200 / 1 Lots ( 1200 Shares ) | Price Range ₹91-₹96 |
| Maximum Investment ₹115,200 / 1 Lots ( 1200 Shares ) | Retail Discount To be announced |
| Issue Size 14.20 Cr | Investor category and sub category To be announced |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Mar 2, 2023 | IPO Closing Date Mar 6, 2023 |
| Basis of Allotment Mar 10, 2023 | Initiation of Refunds Mar 13, 2023 |
| Credit of Shares to Demat Account Mar 14, 2023 | IPO Listing Date Mar 15, 2023 |
Vertexplus Technologies IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.00 |
| Non-Institutional Buyers | 1.63 |
| Retail Investors | 5.90 |
| Employees | [.] |
| Others | [.] |
| Total | 2.31 |
Vertexplus Technologies IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 2, 2023 | 0.00 | 0.33 | 1.00 | 0.40 |
| Day 2 Mar 3, 2023 | 0.00 | 0.63 | 2.85 | 1.09 |
| Day 3 Mar 6, 2023 | 0.00 | 1.63 | 5.90 | 2.31 |
About Company
As an Information Technology firm, the company engages in consulting, outsourcing, infrastructure building, and digital solutions and services, helping businesses leverage technology through an integrated technology stack that automates the process and accelerates operations.
Vertexplus Technologies ensures cost-effective, timely delivery of projects through the following delivery models.
- Offshore model
- On-site model
- Hybrid model
- Global model
- Strategic Partnership
They cater to a diversified customer base from different industry backgrounds.
IPO Objective
The company intends to utilize the proceeds of the Issue to meet the following objectives: –
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Why should you invest in Vertexplus Technologies Ltd. IPO?
Here are your top reasons to invest in the IPO.
- They offer technical solutions in modern and advanced technology like cloud solutions, machine learning, artificial intelligence, blockchain, video analytics, and the Internet of Things (IoT).
- India is the top offshore IT destination for companies with proven capabilities to deliver solutions in emerging technologies.
- There are a lot of opportunities for Indian IT companies as the Indian IT and business services industry is expected to grow by $19.93 billion by 2025.
Company Financials
| Parameters | Year ending on As on 31st March, 2022 (₹ lakhs) | Year ending on 31st March, 2021 (₹ lakhs) | Year ending on 31st March, 2020 (₹ lakhs) |
|---|---|---|---|
| Revenue from operation | 2086.02 | 1963.93 | 1931.71 |
| Profit After Tax | 186.05 | 104.98 | 61.23 |
| EBITDA | 324.33 | 212.43 | 153.10 |
| Total Asset | 1,308.76 | 1103.71 | 989.70 |
| Total Borrowing | 279.15 | 227.40 | 209.55 |
Know before investing
A) Strengths-
- They focus on expanding their business by forging long-term relationships with their customers.
- The company offers diversified services, including consulting, technology, infrastructure, and outsourcing services.
- They have a team of highly experienced and skilled staff.
B)Risks-
- Increasing competition from local and big players poses threats to the company.
- They must adapt fast to rapidly changing technology to stay relevant to their customers.
- Changes in government policies can pose some threats to the company’s future business prospects.
Click Here To Apply Vertexplus Technologies IPO
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