Delta Autocorp Limited IPO
NSE SMEListed On: Jan 14, 2025 at ₹ 175.0
₹ 260000 /2000 Shares
*Min Investment
07 Jan, 2025
Open Date09 Jan, 2025
Close Date10 Jan, 2025
Allotment Date14 Jan, 2025
Listing DateDelta Autocorp IPO Issue Details
- Issue Price ₹123-130 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 42,00,000 shares(aggregating up to ₹54.6 crore)
- Fresh Share 38,88,000 shares(aggregating up to ₹50.54 crore)
- Offer For Sale 3,12,000 shares(aggregating up to ₹4.06 crore)
- Listing at NSE SME
- List Price 175.0
- Listing Date 2025-01-14
- Lead Manager GYR Capital Advisors Private Limited
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,30,000 |
| Retail(max) | 1 | 1000 | ₹1,30,000 |
| NII (min) | 2 | 2000 | ₹2,60,000 |
Delta Autocorp IPO Reservation
Delta Autocorp IPO offers total 42,00,000 shares. Out of which 7,81,000 (18.6%) allocated to QIB, 5,87,000 (13.98%) allocated to NII,13,68,000 (32.57%) allocated to RII, NA (NA%) allocated to employees and 11,70,000 (27.86%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 11,70,000 (27.86%) | |
| Market Maker Shares Offered | 2,94,000 (7%) | |
| QIB Shares Offered | 7,81,000 (18.6%) | |
| NII (HNI) Shares Offered | 5,87,000 (13.98%) | |
| Retail Shares Offered | 13,68,000 (32.57%) | |
| Total Shares Offered | 42,00,000 (100%) |
Delta Autocorp IPO Details
Delta Autocorp Limited IPO is an SME IPO, priced at ₹123-130 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 42,00,000 equity shares, aggregating up to ₹54.6 crores..
The IPO bidding window is open from Jan 7, 2025 to Jan 9, 2025. The allotment is expected to be finalized on Jan 10, 2025, and the tentative listing date is Jan 14, 2025.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,30,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,60,000.
GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Delta Autocorp IPO Subscription Analysis And Details
| 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 |
Delta Autocorp Valuations
Delta Autocorp Company Financials
| 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 Delta Autocorp 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)
Mr. Ankit Agarwal
Mrs. Priyanka Agarwal
Mr. Sanwarmall Agarwalla
Pre Issue Share Holding : 97.59%
Post Issue Share Holding : %
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
Delta Autocorp IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Delta Autocorp Limited | 4.22 | 4.22 | 19.91 | N/A | 21.18 | 6.84 | Consolidated |
| Wardwizard Innovations & Mobility Limited | 0.52 | 0.52 | 3.88 | 72.8 | 13.79 | 12.33 | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market prices of equity shares on BSE and NSE on December 20, 2024 divided by the Basic EPS as at March 31, 2024.
- Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2024 divided by Total Equity as on March 31, 2024.
- NAV per share for listed peers is computed as the Total Equity as on March 31, 2024 divided by the outstanding number of equity shares as on March 31, 2024.
Contact Details
Delta Autocorp
Plot No 304 P, Pithakiarypost-Rupnarayanpur, Bardhaman, West Bengal, 713386
+91 8448223541
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Delta Autocorp Limited IPO is 42,00,000 shares(aggregating up to ₹54.60 Cr).
Ans. The Delta Autocorp Limited IPO price band is set between ₹123-130 per equity share.
Ans. To apply for Delta Autocorp Limited 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 Delta Autocorp Limited IPO allotment status online.
