Delta’s gaming unit Delta-tech files for Rs 550 crore IPO
Deltatech Gaming formerly known as Gaussian Network Pvt Ltd, a wholly possessed real plutocrat gaming attachment of summerhouse driver Delta Corp, on June 16 filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for Rs 550 crore original public immolation (IPO).
The offer comprises fresh issues of shares worth Rs 300 crore and an offer for trade of over to Rs 250 crore.
” We wish to inform you that Deltatech Gaming Limited( formerly known as Gaussian Networks Private Limited)(” DGL”), a wholly possessed attachment of Delta Corp Limited( the” Company”), has filed a draft red herring prospectus dated June 16, 2022(” DRHP”) with the Securities and Exchange Board of India, for a proposed original public immolation,” Delta Corp blazoned in an exchange form.
Deltatech Gaming offers real plutocrat gaming via Adda52 and Adda.games platforms and had over 55 lakh registered gamers as of FY22- end. Delta Corp shares surged nearly 5 in the early trade moment. The stock has declined by 33 in 2022 (YTD) so far.
Delta Corp had reported a consolidated net profit of Rs 48 crore for the fourth quarter, down 17 as compared to Rs 58 crore in the matching period last time. The company’s deals rose hardly to Rs 218 crore from Rs 211 crore a time ago. Delta Corp bought Gaussian Network in 2017 for around Rs 224 crore.
Delta Corp was incorporated in 1990 as a fabrics and real estate consultancy company and has evolved into diversified parts like Casino gaming, online gaming, hospitality, and real estate.
About – Deltatech Gaming
Deltatech Gaming Limited (formerly known as Gaussian Networks) has been a frontrunner in India’s online gaming industry since 2011. We are India’s biggest and most trusted brand, catering to India’s growing gaming population with our top-of-the-line gaming apps like Adda52, Adda52Games & Adda52Rummy, through the best-in-class gaming experience!
VISION
To deliver the best gaming products and experiences along with the best possible entertainment value in order to achieve quality and excellence in services while making the most of the team’s talent.
MISSION
To create a safe, regulated, and responsible gaming environment through innovation, talent, and technology.
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