Deltatech Gaming (Adda 52) IPO

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Understanding the addressable market

The Indian online gaming market is broadly divided into Real Money Games (RMG) and Non-Real Money Games (Non-RMG). RMG are games based on skill with an option to play with real money. Non–RMG includes games where there is no real money involved.

RMG dominates the market by revenue and Rummy, Poker and Fantasy are the leading games in the RMG category.

What is Deltatech gaming?

Delta Tech Gaming Limited (Delta) is one of the earliest companies in the RMG segment in India. It is a wholly-owned subsidiary of Delta Corp Limited, known by the brand Deltin, which owns casinos in Goa and Sikkim.

Delta offers real-money gaming through the following platforms:

  • – offering poker is India’s first online poker platform offering multiple poker variants with more than 34.5% of the market share for over seven years till Fiscal 2021.
  • – offering multi-games which will include their rummy offering, Adda52Rummy.

Objectives of the IPO

  1. The proceeds will be utilized for promoting organic growth through marketing which is the bulk of the expenses for Delta.
  2. It will also strengthen technology infrastructure and build new capacities.

How to apply to the Deltatech Gaming Limited (Adda 52) IPO?

You can apply for the Deltatech Gaming Limited (Adda 52) IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for Deltatech Gaming Limited (Adda 52) IPO?

You can check the allotment status for the Deltatech Gaming Limited (Adda 52) IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.