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IPO · Consumer Internet & Media

Deltatech Gaming files for initial public offering

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Date
Company
Deltatech Gaming Ltd
What it does
Online gaming and technology platform
Kind
IPO
Amount
₹550 Cr
Stage
ipo
Based in
Hyderabad
Sector
Consumer Internet & Media

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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