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Delta Autocorp Limited IPO (Delta Autocorp Limited IPO) Details

Delta Autocorp Limited

Delta Autocorp Limited IPO's overview

Delta Autocorp Limited IPO is a book built issue of ₹54.60 Cr (54,60,00,000). The issue is a combination of fresh issue of 38.88 Lakh (38,88,000) shares aggregating to ₹50.54 Cr (50,54,40,000) and offer for sale of 3.12 Lakh (3,12,000) shares aggregating to ₹4.06 Cr (4,05,60,000).

Delta Autocorp Limited IPO is open for subscription on Jan 07, 2025 and closes on Jan 09, 2025. The allotment for Delta Autocorp Limited IPO is expected to be finalized on Jan 10, 2025. The shares will list on NSE, BSE with tentative listing date fixed as Jan 14, 2025.

Delta Autocorp Limited IPO price band is set at ₹123 to ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹1.23 Lakh (1,23,000).

Refer to Delta Autocorp Limited IPO RHP for detailed information.

  • IPO date

    Jan 07,2025 - Jan 09,2025

  • Listing Date

    Jan 14,2025

  • Face value

    ₹10

  • Price Band

    ₹123 to ₹130 per share

  • Lot

    ₹1000 Shares

  • Total Issue Size

    42.00 Lakh (42,00,000)

    aggregating up to ₹54.60 Cr (54,60,00,000)

  • Fresh Issue

    38.88 Lakh (38,88,000)

    aggregating up to ₹50.54 Cr (50,54,40,000)

  • Offer for sale

    3.12 Lakh (3,12,000)

    aggregating up to ₹4.06 Cr (4,05,60,000)

  • Issue Type

    Book Building

  • IPO Type

    SME

  • Listing At

    NSEBSE

  • Pre Issue Size

    1.14 Cr (1,14,01,698)

  • Post Issue Size

    1.53 Cr (1,52,89,698)

  • Tue, Jan 07, 2025

    IPO Open

  • Thu, Jan 09, 2025

    IPO Close

  • Fri, Jan 10, 2025

    Basis of Allotment

  • Mon, Jan 13, 2025

    Initiation of Refunds

  • Mon, Jan 13, 2025

    Credit of Shares to Demat

  • Tue, Jan 14, 2025

    Listing

Delta Autocorp Limited IPO Day-wise IPO GMP Trend

Delta Autocorp Limited IPO last GMP is ₹105, last updated Jan 13,2025. With the price band of 130.00, Delta Autocorp Limited IPO's estimated listing price is ₹235 (cap price + today's GMP).The expected percentage gain/loss per share is 80.77%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
13-Jan-25130.00105
235(80.77%)13-Jan-2025 15:56
12-Jan-25130.00115
245(88.46%)12-Jan-2025 22:31
11-Jan-25130.00115
245(88.46%)11-Jan-2025 22:32
10-Jan-25130.00115
245(88.46%)10-Jan-2025 22:24
09-Jan-25130.00125
255(96.15%)9-Jan-2025 22:24
08-Jan-25130.00116
246(89.23%)8-Jan-2025 22:29
07-Jan-25130.00110
240(84.62%)7-Jan-2025 22:27
06-Jan-25130.00110
240(84.62%)6-Jan-2025 22:32
05-Jan-25130.0070
200(53.85%)5-Jan-2025 22:27
04-Jan-25130.0055
185(42.31%)4-Jan-2025 22:24
03-Jan-25130.0055
185(42.31%)3-Jan-2025 22:30
02-Jan-25130.0050
180(38.46%)2-Jan-2025 22:27
01-Jan-25130.0021
151(16.15%)1-Jan-2025 22:26

Delta Autocorp Limited IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

11,000₹1.30 Lakh (1,30,000)

Retail(Max)

11,000₹1.30 Lakh (1,30,000)

SHNI(Min)

22,000₹2.60 Lakh (2,60,000)

Delta Autocorp Limited IPO Financial Information (Restated Consolidated)

LabelOct 31, 2024Mar 31, 2024Mar 31, 2023Mar 31, 2022
Assets4,742.313,461.352,110.042,031.61
Revenue4,527.538,116.738,055.865,753.41
Profit After Tax480.81822513.41420.34
Net Worth2,270.113,031.911,141.48688.82
Reserves and Surplus1,129.931,758.47
Total Borrowing1,120.311,003.3413.6733.57
Delta Autocorp Limited Financial Information

About Delta Autocorp Limited

Incorporated: 2016
Industry: Electric Vehicle (EV) Manufacturing

Business Description

Delta Autocorp Limited, operating under the brand name "Deltic", specializes in the manufacturing and selling of 2-wheelers (2W) and 3-wheelers (3W) electric vehicles (EVs). The company has a strong focus on creating affordable and durable EV solutions tailored to tier-2 and tier-3 towns in India.

Key Milestones

  1. 2017:

    • Launched their first E-Rickshaw with an impressive range of over 150 km per charge.

  2. 2019:

    • Introduced affordable and robust electric 2-wheelers, targeting the growing demand for sustainable transportation in smaller cities and towns.

  3. 2024:

    • Expanded operations to a network of over 300 dealers across 25 states and Union Territories, focusing on B2B transactions.

Product Portfolio

  1. Electric 2-Wheelers:

    • Deltic Drixx
    • Deltic Trento

  2. Electric 3-Wheelers:

    • Deltic Star
    • Deltic Vayu

  3. Specialized 3-Wheelers:

    • Loaders
    • Garbage Carts

  4. Spare Parts & Accessories:

    • 3W Controllers
    • 3W Motors

Research & Development

Delta Autocorp Limited emphasizes in-house product innovation, with a dedicated R&D team based in Uttar Pradesh. This team of 11 employees designs vehicles based on customer insights, market trends, and technological advancements.

Competitive Strengths

  1. Experienced Leadership:

    • A seasoned management team with deep industry expertise.

  2. Customer-Centric Approach:

    • Products tailored to meet the specific needs of customers in tier-2 and tier-3 towns.

  3. In-House R&D:

    • Focused on designing innovative and reliable EV solutions.

  4. Diverse Product Range:

    • Catering to both passenger and commercial EV segments with quality-tested products.

  5. Wide Distribution Network:

    • Collaborates with 300+ dealers, ensuring a strong market presence.

  6. Certifications:

    • Maintains high-quality standards with certifications and rigorous testing procedures.

Employee Base

As of October 31, 2024, the company employs 139 people across various departments.

Strategic Goals

  • Expand its product portfolio to include more innovative and cost-effective EV solutions.
  • Strengthen its position in the mass premium segment of the EV market.
  • Enhance its distribution network to reach untapped markets in India.
  • Lay the groundwork for becoming a global EV brand.

Conclusion

Delta Autocorp Limited has positioned itself as a key player in the Indian EV market by focusing on affordable, durable, and customer-centric products. With its diverse product range, innovative R&D, and strong distribution network, the company is well-prepared to scale operations and meet the increasing demand for sustainable transportation solutions.

Delta Autocorp Limited IPO's documents

Delta Autocorp Limited Contact Details

Plot No 304 P,
Pithakiarypost-Rupnarayanpur,
Bardhaman, West Bengal, 713386
Phone: +91 8448223541
Email: [email protected]
Website: http://www.deltic.co/

Delta Autocorp Limited IPO's Promoters

The promoters of the company are Mr. Ankit Agarwal, Mrs. Priyanka Agarwal and Mr. Sanwarmall Agarwalla.

Delta Autocorp Limited IPO Registrar

Link Intime India Private Ltd

Phone:

+91-22-4918 6270

Email:

[email protected]

Website:

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