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DeltaTech Gaming IPO To Raise Upto 550cr | Online Gaming IPO

DeltaTech gaming IPO - According to the documents submitted to SEBI, the size of Deltatech's IPO will be Rs 550 crore. In this, fresh equity shares of Rs 300 crore will be issued, while there will be an offer for sale (OFS) of Rs 200 crore.

Let us tell you that DeltaTech Gaming offers real money gaming through Adda52 and Adda. The company has 55 lakh registered users by the end of the financial year 2021-22. The company said the IPO will be subject to market conditions, receipt of applicable approvals, and other factors. Upon completion of the offer, DeltaTech Gaming will continue to be a subsidiary of Delta Corp.

Rakesh Jhunjhunwala sold shares of Delta Corp

According to stock exchanges, in the month of June, renowned investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala sold 7.5 million equity shares of Delta Corp through the open market sale. Post the transaction, Jhunjhunwala's family stake in Delta Corp has come down to 3.36 percent from 6.17 percent as of May 31, 2022. The collectives of Rakesh Jhunjhunwala (4.30 percent) and Rekha Jhunjhunwala (3.18 percent) at the end of the March quarter. Had a 7.48 percent stake in Delta Corp.

DeltaTech Gaming IPO - DRHP

DeltaTech Gaming was formerly known as Gaussian Networks. Delta Corp bought Gaussian Networks in 2017 for about Rs 224 crore. Delta Corp was started in 1990 as a textile and real estate consultancy company. Now it works in different sectors like casino gaming, online gaming, hospitality, and real estate.

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: dgl.ipo@kfintech.com
Website: www.kfintech.com





Address





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





FAQ





What is the size of the DeltaTech Gaming IPO?

The IPO Size of DeltaTech gaming IPO is ₹550 cr.

Rakesh Jhunjhunwala sold Delta corp share?

Jhunjhunwala's family stake in Delta Corp has come down to 3.36 percent from 6.17 percent as of May 31, 2022




Conclusion:- I hope this article is helpful for you if you have any queries regarding IPO and upcoming IPO you can comment down below.





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