Delta Corp Ltd subsidiary Deltatech Gaming files DRHP to hit as an IPO

comprising a fresh issue of its equity shares of face value of Re. 1 each ("Equity Shares"), for an amount aggregating up to ₹3,000 million and an offer for sale of the Equity Shares held by the Company, for an amount aggregating up to ₹2,500 million ("OFS") (the "Offer").

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Deltatech Gaming Ltd(formerly known as Gaussian Networks Private Limited) (“DGL”), a wholly owned subsidiary of Delta Corp Limited, has filed a draft red herring prospectus dated June 16, 2022 (“DRHP”) with the Securities and Exchange Board of India, for a proposed initial public offering (IPO).

Which comprising a fresh issue of its equity shares of face value of Re. 1 each (“Equity Shares”), for an amount aggregating up to ₹3,000 million and an offer for sale of the Equity Shares held by the
Company, for an amount aggregating up to ₹2,500 million (“OFS”) (the “Offer”).

The IPO includes the following proposed reservations:
• by the eligible employees of DGL and the Company; and
• by the eligible public equity shareholder(s) of the Company (excluding such other persons not
eligible under applicable laws, rules, regulations and guidelines).

In connection with the aforementioned Offer, the board of directors of the Company, at its meeting held today, i.e., June 16, 2022, accorded its approval for participating in the OFS in the Offer.

The IPO will be subject to market conditions, receipt of applicable approvals and other considerations.

Shares of Delta Corp Ltd was last traded in BSE at ₹163.85 as compared to the previous close of ₹176.50. The total number of shares traded during the day was 730286 in over 12715 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 187.40
  • Intraday low of ₹ 163.55