Incorporated in 2010, Vertexplus Technologies Limited is an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company. The company 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.
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
Company Financials
| 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 Details
| IPO Date | Mar 2, 2023 to Mar 6, 2023 |
| Listing Date | [.] |
| 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) |
| Market Maker portion | 74,400 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| Company Promoters | Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya are the Promoters of the company. |
Vertexplus Technologies IPO Tentative Timetable
Vertexplus Technologies IPO opens on Mar 2, 2023, and closes on Mar 6, 2023. The Vertexplus Technologies IPO bid date is from Mar 2, 2023 10.00 A.M. to Mar 6, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| 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 |
Vertexplus Technologies IPO Lot Size
The Vertexplus Technologies IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
Vertexplus Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Vertexplus Technologies IPO Review
VTL is an IT solution service provider operating in a highly competitive segment. Based on its current financial data, the issue appears aggressively priced. A small equity base post-IPO also indicated longer gestation for migration to the mainboard. Well-informed/cash surplus investors may consider parking of funds for the long term. Read detail review…
Vertexplus Technologies IPO Subscription Status (Bidding Detail)
The Vertexplus Technologies IPO is subscribed 0.01 times on Mar 2, 2023 10:08:00 AM. The public issue subscribed 0.03 times in the retail category, 0.00 times in the QIB category, and 0.00 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 0.00 |
| Retail | 0.03 |
| Total | 0.01 |
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
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/