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.
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.
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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,
Hyderabad, Rangareddi 500 032,
Telephone: +91 40 6716 2222
Toll Free Number: 1800 309 4001
Company Details:Deltatech Gaming Limited
4th Floor, 148 Jessore Road,
Block A, South East Corner,
Kolkata,–700074, West Bengal
Telephone: +91 3348043823