Deltatech Gaming IPO

IPO Details		RHP:
Bidding Date TBA	IPO Price Range ₹TBA	IPO Size TBA
Listing Exchange NSE BSE	Listing Date TBA	Lot Size TBA

Minimum Investment
₹ ---- / ---- shares

IPO Timeline

Open Date TBA

Close Date TBA

Allotment FinalisationTBA

Demat Transfer TBA

Refund InitiationTBA

ListingTBA

About Deltatech Gaming IPO

Deltatech Gaming is a digitally native, technology led gaming platform, delivering a gamer-centric gaming experience across its various offerings. It is one of the earliest companies in the real money gaming segment in India and Adda52 is India’s first online poker platform offering multiple poker variants. It has been considered as a ‘category pioneer’ in India having a large gamer base and had more than 34.5% of market share for over seven years till Fiscal 2021. The company’s core competencies have been its investment in building its own in-house platforms and developing data intelligence capabilities. It believes that it offers a robust and seamless omni-channel digital offering, with fully integrated online play, through mobile, web and desktop versions, coupled with its offline capabilities.

Deltatech Gaming Subscription Status

Date	QIB	NII	Retail	Total
TBA	0	0	90	0
TBA	0	0	0	0

Deltatech Gaming IPO Financial Status

Particulars (in Rs. Crores)	FY 22 (In Cr.)	FY 21 (In Cr.)	FY 20 (In Cr.)
Revenue from Operations	137.23	155.37	131.65
Profit After Tax	-4.40	15.95	29.85
Expenses	100.64	104.38	74.82
Other Expenses	100.64	104.38	74.82
Other Income	0.41	0.69	0.52
EBITDA	3.49	28.25	42.72

Deltatech Gaming IPO SWOT Analysis

Strengths

Category pioneer with more than a decade of experience and market leadership by revenue.
Demonstrated capabilities of building a real money gaming business with consistent positive operating cash flows and EBITDA.
Strength of the ‘DELTIN’ brand and strong parentage of its Promoter, Delta Corp Limited, a leading company in the gaming industry in India.
In-house technology and ability to leverage gamer data.

Risks

Operations in skill-based fantasy and real money games are subject to regulatory uncertainty in India.
Dependence on Adda52 makes it vulnerable to new entrants in the real-money gaming industry.
Declining gamer base or engagement could harm liquidity, business, and financial performance.
High gamer acquisition costs and low retention could harm business, revenue, and growth.