Deltatech Gaming

Here’s a quick look at Deltatech Gaming IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. The company held a strong historical as well as current position with a market share of more than 34.5% for seven years until FY21.
2. Company has a registered user base of 5.5 million as on 31 March 2022. This creates network liquidity i.e. availability of multiple playing gamers at a given point of time and eventually creates entry barriers for new entrants. 
3. 19% and 15% of the gamers on the platform in FY20 and FY21, respectively, have been using it for more than 2 years indicating customer retention.
4. The company’s data analytics capabilities allows it to leverage technology based on gamer preferences.
5. The company has backing of a strong promoter group, Delta Corp Limited, which is a listed entity. Delta Corp operates a casino gaming business in India and has a deep understanding of the gaming industry. 

Risks and threats

1. The company operates in skill-based fantasy and real money games which are subject to regulatory uncertainty in India.
2. The company incurred a net loss of ₹4.3 crore in FY22 as it launched Adda.games, which operates in a highly competitive market. Since the company is in expansion phase, it may again incur losses or rise in its operating expenses.
3. Operates in the highly competitive segment. Hence, any new entrant in the real money gaming industry could have a significant impact on its business.
4. Relies on third-party vendors for geo-tagging and geo-blocking for gamers originating from restricted states in India and a failure to comply with the applicable gambling legislations across India could adversely affect its business.

Deltatech Gaming IPO details

| Deltatech Gaming IPO date 

The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the Deltatech Gaming IPO’s opening date – in other words, the Deltatech Gaming IPO launch date – hasn’t been announced yet. The Deltatech Gaming IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Deltatech Gaming shares allotment date.

Investors, who have been allotted shares, can expect them to be credited to their demat account after the allotment date. Besides this, the Deltatech Gaming IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Deltatech Gaming IPO.

| Deltatech Gaming IPO Price Band

The Deltatech Gaming IPO is a fresh issue as well as an offer for sale. The Deltatech Gaming IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Deltatech Gaming IPO opens, interested investors will have to choose a price within the band to apply for the public issue. 

Also, the Deltatech Gaming IPO listing price will be determined on the listing date. The listing price is the Deltatech Gaming IPO share price at which the shares of a company make their debut on the stock exchanges.

| Deltatech Gaming IPO Lot size

The Deltatech Gaming IPO details haven’t been declared. Hence, the Deltatech Gaming IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Deltatech Gaming IPO issue size could be around ₹550 crore. 

How to pre-apply for the Deltatech Gaming IPO?

You can pre-apply for the Deltatech Gaming IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Deltatech Gaming IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the Deltatech Gaming IPO?

If you are interested in this investment opportunity but unsure how to apply for the Deltatech Gaming IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Deltatech Gaming IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Deltatech Gaming IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the Deltatech Gaming IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Deltatech Gaming IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Deltatech Gaming IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the Deltatech Gaming IPO

To apply for the Deltatech Gaming IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Deltatech Gaming IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Deltatech Gaming IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.