Deltatech Gaming (Adda 52) IPO

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To be announced
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Download prospectus (PDF)

About

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. 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:

  • Adda52.com – 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.
  • Adda.games – offering multi-games which will include their rummy offering, Adda52Rummy.

Utilisation of proceeds

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