How To Check Delaplex IPO Allotment Status

The Delaplex IPO witnessed robust investor interest, oversubscribed by a staggering 165.19 times on the final day of subscription. Investors showed strong enthusiasm by purchasing 28.36 crore equity shares against the issue size of 17.17 lakh shares. The Delaplex IPO allotment status is set to be finalised today, Jan. 31.

If you applied for the IPO, you could use the below-listed method to check the Delaplex IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Delaplex IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Delaplex" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Search to retrieve Delaplex IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Delaplex IPO allotment status will be visible.

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Delaplex IPO Overview: High net worth individuals (HNIs) demonstrated significant interest, bidding 336 times the portion reserved for them, while retail investors subscribed 160 times the allotted quota. Qualified institutional buyers (QIBs) also participated actively, bidding for 90 times the reserved portion.

The ₹46.08 crore DelaPlex IPO fixed the price band at ₹186 to ₹192 per share. The minimum lot size for an application wass 600 shares, requiring a minimum investment of ₹115,200 for retail investors. HNIs are required to invest a minimum of 2 lots (1,200 shares), amounting to ₹230,400.

Delaplex, a subsidiary of US-based enterprise Delaplex Inc., floated its public issue for subscription on January 25. The book-built issue comprised a fresh issuance of shares worth ₹34.56 crore by the technology and software development solutions provider, along with an offer-for-sale of 6 lakh shares worth ₹11.52 crore by Delaplex Inc.

The proceeds from the net fresh issue will be utilized for APAC – advertisement, sales and marketing expenses, as well as for working capital requirements. Additionally, funds will be allocated for capital expenditure towards the purchase of office laptops and unidentified inorganic acquisitions.

Delaplex IPO GMP is reported to be at ₹125. Considering the upper band of the IPO, the stock could list at an over 60% premium.

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Posted In: NewsIPOsDelaplex