Delta Autocorp IPO
Delta Autocorp is an NSE SME IPO listed on the NSE SME platform, priced at ₹123–₹130 per share. The stock debuted at ₹175, delivering a listing gain of 34.6%. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹1,30,000.
Delta Autocorp Limited IPO
- IPO Dates
- Jan 7, 2025 – Jan 9, 2025
- Price band
- ₹123-130 per equity share
- Minimum Investment
- ₹1,30,000
- Issue size
- ₹54.6 Cr
- Lot size
- 1000
- Allotment Date
- Jan 10, 2025
- Listing
- Jan 14, 2025
- Listing At
- NSE SME
IPO timeline
-
Jan 7, 2025
Open Date
Completed
-
Jan 9, 2025
Close Date
Completed
-
Jan 10, 2025
Allotment Date
Completed
-
Jan 14, 2025
Listing Date
Completed
Delta Autocorp IPO Essentials
Delta Autocorp IPO Details
Delta Autocorp IPO is priced at ₹123-130 per share with a total issue size of 54.6 crore. The IPO has a lot size of 1000 shares and is listed on NSE SME.
- Issue price
- ₹123-130 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 42,00,000 shares(aggregating up to ₹54.60 Cr)
- Total issue size
- 42,00,000 shares
(aggregating up to ₹54.6 crore) - Fresh issue
- 38,88,000 shares
(aggregating up to ₹50.54 crore) - Offer for sale (OFS)
- 3,12,000 shares
(aggregating up to ₹4.06 crore) - Listing at
- NSE SME
- List price
- 175.0
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
GYR Capital Advisors Private Limited
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 reservation details show category-wise allocation of shares. Out of the total 42,00,000 shares, approximately 18.6% are reserved for QIB, 13.98% for NII, 32.57% for retail investors, 7% for market maker, and 27.86% for 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 Analytics
Delta Autocorp IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Delta Autocorp IPO Subscription Status
Delta Autocorp IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹7.21/-
- EPS Post IPO
- ₹5.39/-
- P/E Pre IPO
- 18.03
- P/E Post IPO
- 24.11
Returns
- ROE
- 23.69%
- ROCE
- 19.32%
- RoNW
- 21.18%
- PAT Margin
- 10.64
Fundamentals
- Debt / Equity
- 0.49
- Price / Book
- 6.53
Delta Autocorp Financials( In Lakhs)
| 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 |
Delta Autocorp Company & Offer Insights
About Delta Autocorp
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 are the company's promoters of Delta Autocorp.
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 Information
Contact Details
Delta Autocorp
+91 8448223541
Plot No 304 P, Pithakiarypost-Rupnarayanpur, Bardhaman, West Bengal, 713386
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Delta Autocorp IPO is a book-built IPO worth ₹54.6 crore. The price band is ₹123–₹130 per share. The IPO opens on Jan 7, 2025 and closes on Jan 9, 2025. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Delta Autocorp IPO is ₹123 to ₹130 per share.
The lot size of Delta Autocorp IPO is 1000 shares.
The minimum investment for Delta Autocorp IPO is approximately ₹1,30,000 based on the upper price band .
Delta Autocorp IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.
The allotment date of Delta Autocorp IPO is Jan 10, 2025.
Delta Autocorp IPO is expected to be listed on Jan 14, 2025, on NSE SME Platform.
Delta Autocorp IPO valuation snapshot: P/E 24.11, EPS ₹5.39/-, P/B 6.53, RoNW 21.18%, and market cap N/A.
To apply for Delta Autocorp IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Delta Autocorp IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Delta Autocorp IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Delta Autocorp IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Delta Autocorp IPO allotment status on IPO Ji for quick and easy access.