DelaPlex recently entered the stock market, and it’s been quite interesting.
The company got listed on NSE at Rs 309, which is 60.94 percent more than the starting price of Rs 192.
This means people who invested early made a profit of Rs 117 on each share.
However, there’s been a bit of a setback. The shares faced a 5 percent drop, hitting Rs 293.55.
The IPO’s price range was between Rs 186 and Rs 192 per share, and investors had to commit at least Rs 1,15,200 for one lot of 600 shares.
During the subscription period from January 25 to January 30, the IPO was hugely popular, being subscribed more than 200 times. On the final day alone, it was subscribed 177 times.
The IPO had a total size of Rs 46.08 crore, with 18 lakh new shares issued. Additionally, there were 6 lakh shares under offer for sale.
Before the IPO, the promoters owned 100 percent of the company, but now their stake has decreased to 73.66 percent.
