Deltatech Gaming IPO to Raise up to Rs.550 crores

Table of Contents

Rakesh Jhunjhunwala-backed Delta Corp subsidiary Deltatech Gaming filed draft red herring papers with SEBI to raise up to Rs.600 crores via initial public offerings. Deltatech Gaming IPO comprises a Fresh Issue of Rs.300 crores & an Offer for Sale of Rs.250 offered by promoters. The face value of is Rs.1 Deltatech Gaming runs poker platform Adda52.

Upcoming IPO

The 75% quota will be offered to Qualified Institutional Buyers (QIBs), 15% of the shares will be offered to non-institutional bidders (NII), and 10% to individual retail bidders. Deltatech Gaming made a profit of Rs.48 crores while the revenues stood at Rs.218 crores in the fourth quarter.

Read Also:  Deltatech Gaming DRHP Document

Deltatech Gaming Limited (formerly known as Gaussian Networks) has been a frontrunner in India’s online gaming industry since 2011. We are India’s biggest and most trusted brand, catering to India’s growing gaming population with our top-of-the-line gaming apps like Adda52, Adda52Games & Adda52Rummy, through the best-in-class gaming experience! Deltatech Gaming Limited is a subsidiary of Delta Corp. Ltd. – A publicly listed Indian gaming and hospitality company.

The book-running lead managers of the IPO are Axis Capital Ltd and JM Financial Ltd. The shares are proposed to be listed on NSE and BSE.

Deltatech Gaming IPO Registrar:

KFin  Technologies  Limited
Selenium, Tower-BPlot 31 and 32,
Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032,
Telangana, India
Telephone: +91 40 6716 2222
Toll Free Number: 1800 309 4001
E-mail: [email protected]
Website: www.kfintech.com

Company Details:

Deltatech Gaming Limited
4th Floor, 148 Jessore Road,
Block A, South East Corner,
Kolkata,–700074, West Bengal
Telephone: +91 3348043823
E-mail: [email protected]
Website: www.deltatech.gg

Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

OPEN DEMAT ACCOUNT