Deltatech Gaming IPO GMP Details
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Established in 2011, Deltatech Gaming Limited is a pioneer in the real-money gaming segment in India. Its platform Adda52 was the country’s first online poker platform offering multiple variants. With a market share of over 34.5% until FY21, the company has established itself as a leading player in the industry.
Deltatech Gaming offers real-money games like poker, rummy, ludo battle, and daily fantasy sports through platforms like Adda52, Adda.games, and Adda52Rummy. To expand further, the company acquired Faboom in April 2021 and rebranded it as Adda.games.
As of March 2022, Deltatech Gaming boasts a registered user base of 5.5 million, experiencing impressive growth at a CAGR of over 38% in the last five years. This growth has led to increased deposits, reflecting higher user engagement and revenue from operations.
The company generates revenue through platform fees, where players deposit money in a virtual account, and the winner receives the entire deposit minus the platform commission, typically ranging from 3% to 15% for most games.
Now, Deltatech Gaming is set to launch its IPO, comprising an offer for sale and a fresh issue. The net proceeds will be utilized for growth initiatives and strengthening its technology infrastructure. The company’s shares will be listed on the NSE and BSE.
Objects of the Issue
Deltatech Gaming Limited’s IPO objectives are as follows:
- Utilize the proceeds from the fresh issue to promote organic growth through marketing.
- Strengthen the technology infrastructure and build new capacities with the net proceeds.
Deltatech Gaming IPO Details
Deltatech Gaming IPO Dates | Coming soon |
Deltatech Gaming IPO Price | Coming soon |
Fresh issue | INR 300 crore |
Offer For Sale | INR 250 crore |
Total IPO size | INR 550 crore |
Minimum bid (lot size) | Coming soon |
Face Value | INR 1 per share |
Retail Allocation | 10% |
Listing On | NSE, BSE |
DRHP Draft Prospectus: | Click Here |
Deltatech Gaming Ltd Company Financial Report
Particulars | FY 2020 | FY 2021 | FY 2022 |
---|---|---|---|
Revenue | 131.65 | 155.37 | 137.23 |
Expenses | 92.96 | 134.53 | 142.30 |
Net income | 29.85 | 15.95 | (4.40) |
Margin (%) | 22.67 | 10.27 | (3.20) |
Deltatech Gaming Ltd Valuations & Margins
Particulars | FY 2020 | FY 2021 | FY 2022 |
---|---|---|---|
EPS | 5.92 | 3.13 | (0.53) |
PE ratio | – | – | – |
RONW (%) | (134.59) | 2,662.77 | (45.11) |
NAV | – | 0.12 | 1.19 |
ROCE (%) | (176.30) | (60416.67) | (57.19) |
EBITDA (%) | 4.27 | 2.83 | 0.35 |
Debt/Equity | (2.50) | 49.19 | – |
Deltatech Gaming Contact Details
DELTATECH GAMING LIMITED
349, Udyog Vihar, Phase
II, Gurgaon – 122 015,
Haryana, India
Phone: +91 33 4804 3823
Email: secretarial@deltatech.gg
Website: www.deltatech.gg
Deltatech Gaming IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: dgl.ipo@kfintech.com
Website: www.kfintech.com
Deltatech Gaming IPO Key Points
Strengths and opportunities:
- Strong historical and current market position, holding a market share of over 34.5% until FY21.
- A registered user base of 5.5 million as of March 2022, creating network liquidity and entry barriers for new competitors.
- Customer retention with 19% and 15% of gamers using the platform for more than 2 years in FY20 and FY21, respectively.
- Utilizes data analytics capabilities to leverage technology based on gamer preferences.
- Strong backing from the promoter group, Delta Corp Limited, which has expertise in the gaming industry.
Risks and threats:
- Regulatory uncertainty in India for skill-based fantasy and real money games.
- Incurred a net loss of ₹4.3 crore in FY22 due to expansion and competitive market.
- Highly competitive segment, vulnerable to the impact of new entrants in the industry.
- Reliance on third-party vendors for geo-tagging and geo-blocking, non-compliance with gambling legislations in India may affect business adversely.
Deltatech Gaming IPO FAQs
How many shares in Deltatech Gaming IPO are reserved for HNIs and retail investors?
QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Deltatech Gaming Public Offer?
You can apply through Internet banking ASBA or online through your stock broker using UPI. Paper applications can also be submitted to your broker.
What is Deltatech Gaming IPO GMP today?
Deltatech Gaming IPO GMP today is INR NA per share.
What is Deltatech Gaming kostak rate today?
Deltatech Gaming kostak rate today is NA per application.
What is Deltatech Gaming Subject to Sauda rate today?
Deltatech Gaming Subject to Sauda rate today is NA per application.