Delta Autocorp Limited IPO

NSE SME

Listed On: Jan 14, 2025 at ₹ 175.0

₹ 130000 /1000 Shares

Check Allotment

Delta Autocorp IPO Details

07 Jan, 2025

Open Date

09 Jan, 2025

Close Date

10 Jan, 2025

Allotment Date

14 Jan, 2025

Listing Date

Issue Price

₹123-130 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

175.0

Listing Date

2025-01-14

Market Lot

1000 Shares (₹130,000/-)

Lead Manager

GYR Capital Advisors Private Limited

Issue Size

42,00,000 shares(aggregating up to ₹54.60 Cr)

Retail Portion

35%

Subscription

342.21 times

IPO Docs

DRHP RHP

The IPO of Delta Autocorp is priced at ₹123-130 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Link Intime India Private Ltd is the registrar of the issue.

Delta Autocorp IPO bid opening date is from Jan 7, 2025 and the bid closing date was Jan 9, 2025.
Delta Autocorp IPO allotment result will be available on Jan 10, 2025. The tentative listing date for Delta Autocorp is Jan 14, 2025.

The total issue size is 42,00,000 shares(aggregating up to ₹54.60 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	7,81,000 / 5,87,000	13,68,000	27,36,000
Day 1 - 07-01-25 06:00 PM	0.78 / 8.39 x	23.59 x	13.81 x
Day 2 - 08-01-25 06:00 PM	2.71 / 39.76 x	98.49 x	58.55 x
Day 3 - 09-01-25 06:00 PM	178.64 / 624.79 x	314.34 x	342.21 x

Total No. of Applications: 4,58,617 (Approx)

Delta Autocorp Valuations

EPS Pre IPO

₹7.21/-

EPS Post IPO

₹5.39/-

P/E Pre IPO

18.03

P/E Post IPO

24.11

ROE

23.69%

ROCE

19.32%

Debt/Equity

0.49

RoNW

21.18%

PAT Margin

10.64

Price to Book Value

6.53

Delta Autocorp Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	3,461.35	2,109.41	2,033.71
Revenue	8,116.73	8,055.86	5,753.41
Profit After Tax	822.00	513.41	419.97
Net Worth	3,031.91	1,141.48	688.82
Reserves & Surplus	1,758.47	N/A	N/A
Total Borrowing	1,003.3	413.6	733.57

About The Company

Incorporated in 2016, Delta Autocorp Limited is involved in the activity of manufacturing & selling of 2-wheelers & 3-wheelers EVs.

The Company operates under the brand name Deltic. The first few years, they concentrated themselves on developing electric 3-wheelers prototypes; significant moment was marked in 2017 when they launched their first E-Rickshaw, which had over 150 Km mileage.

In an attempt to fulfill the changing tastes of customers, along with analysis of market trends, the company ventured into developing electric 2W vehicles. Beginning prototype development in 2018, the company launched affordable durable scooters to tier-2 and tier-3 towns during 2019.

It deals through a chain of more than 300 dealers across 25 states and Union Territories. The aim is to emerge as a brand that has cost-effective, practical products with excellent service.

Their Products:
Electric 2W scooters: Deltic Drixx, Deltic Trento
Electric 3W rickshaws: Deltic Star, Deltic Vayu
Electric 3W loaders
Electric 3W garbage carts
Spare parts and accessories for 2W and 3W vehicles: 3W Controller, 3W Motor

The company focuses on in-house product innovation through its R&D department in Uttar Pradesh, with 11 employees dedicated to designing electric vehicles based on customer needs and preferences.

As of 31 October 2024, the company has 139 employees.

Delta Autocorp - Promoter(s)

Pre Issue Share Holding: 97.59%

Post Issue Share Holding: %

Company Promoter(s)

Mr. Ankit Agarwal
Mrs. Priyanka Agarwal
Mr. Sanwarmall Agarwalla

Delta Autocorp IPO - Issue Objectives

Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant.
Investment in New Product Development.
Funding of working capital requirement.
General Corporate Purposes.
To meet out the Offer Expenses

Other Details

Company Contact Details

Delta Autocorp

Plot No 304 P, Pithakiarypost-Rupnarayanpur, Bardhaman, West Bengal, 713386

Phone: +91 8448223541

Email: compliance@deltic.co

Website: http://www.deltic.co/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: deltaauto.smeipo@linkintime.co.in

Website: https://linkintime.co.in/Initial_Offer/public-issues.html

Delta Autocorp IPO - FAQs

Ans. Delta Autocorp Limited IPO is a SME IPO. The issue is priced at ₹123-130 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Jan 7, 2025, and closes on Jan 9, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Delta Autocorp Limited IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.

Ans. The size of Delta Autocorp Limited IPO is 42,00,000 shares(aggregating up to ₹54.60 Cr).

Ans. The IPO price band is set between ₹123-130 per equity share.

Ans. To apply for Delta Autocorp Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Delta Autocorp Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Delta Autocorp Limited IPO is Jan 10, 2025.

Ans. The Delta Autocorp Limited IPO will be listed on Jan 14, 2025.

Ans. Follow the steps to check the allotment status for Delta Autocorp Limited IPO here.