IPO · Consumer Internet & Media
Deltatech Gaming files for initial public offering
By Startup Enthusiast ·
- Date
- Company
- Deltatech Gaming Ltd
- What it does
- Online gaming and technology platform
- Kind
- IPO
- Amount
- ₹550 Cr
- Stage
- ipo
- Based in
- Hyderabad
What they do
Deltatech Gaming operates an online gaming platform focused on user engagement and technology infrastructure development
What happened
The company filed for an IPO (initial public offering; the first sale of stock to the public) worth up to ₹550 crore
Why it matters
The offering includes a fresh issue of ₹300 crore and an offer for sale of ₹250 crore by Delta Corp
The details
- Deltatech Gaming filed draft papers for an IPO totaling up to ₹550 crore.
- The issue consists of a fresh issue of shares worth up to ₹300 crore.
- Existing investor Delta Corp Ltd will conduct an offer for sale (existing shareholders selling their shares) of up to ₹250 crore.
- The company may conduct a pre-IPO placement (private share sale before the public listing) of up to ₹50 crore, which would reduce the fresh issue size.
- The IPO includes specific reservation portions for employees and existing Delta Corp shareholders.
- Eligible employees and Delta Corp shareholders may receive a discount on the share price.
The bigger picture
- The company intends to use the proceeds for organic growth through marketing and user acquisition.
- Funds will also support inorganic growth (acquisitions) and the strengthening of tech infrastructure.
- A portion of the capital is allocated for general corporate purposes.
About the business
- Deltatech Gaming is based in Hyderabad, India.
- The company focuses on the online gaming sector.
- It prioritizes attracting and retaining gamers through targeted marketing efforts.
- The business maintains a focus on building robust technology infrastructure.
- The company operates from its office in the Financial District of Hyderabad.
What happens next
- The company plans to utilize funds for marketing and user retention.
- Management intends to pursue inorganic growth opportunities.
The deal
- Type
- ipo
Investors
- Delta Corp Ltd (seller) — The parent company and existing shareholder selling a portion of its stake.
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