Delta Autocorp IPO
Open SmeCurrent GMP
₹105 (+80.77%)
Price Band
₹ 123 – 130
Lot Size
1000
Issue Size
₹54.6 Cr
Minimum Investment
₹260000 (2000 Shares)
Listing Date
14 January 2025
Subscription
342.21x
About the Company
Delta Autocorp Limited, initially established as "Delta Autocorp LLP" in 2016, was converted to a Private Limited Company in 2023 and later became a Public Limited Company in 2023. The company specializes in manufacturing and selling electric vehicles (EVs), particularly electric 2W (two-wheelers) and 3W (three-wheelers), under the brand name "Deltic." The company’s operations focus on producing electric rickshaws, electric scooters, and related components using advanced technology and engineering specifications.
Key Milestones & Product Development:
- 2017: Launched its first E-Rickshaw with a mileage of over 150 Kms, addressing the needs of E-Rickshaw drivers.
- 2018-2019: Began developing and launched its first electric 2W model, targeting tier-2 and tier-3 towns in India with affordable, durable scooters.
- Product Range: Includes electric scooters, electric rickshaws, loaders, garbage carts, and spare parts such as motors, DC-DC converters, and speedometers. The company is transitioning to Lithium Ferro Phosphate (LFP) batteries for improved cost efficiency and safety.
Manufacturing & Certifications: Delta Autocorp's manufacturing facility is ISO 9001:2015 certified, and its vehicles are tested and approved by national agencies such as ICAT (Manesar) and CIRT (Pune).
Business Model & Distribution: The company operates primarily through a B2B model, with a network of over 250 dealers across 24 states and Union Territories in India. It aims to become a global brand known for cost-effective, practical, and customer-centric products.
Financial Performance: For the period ending January 31, 2024, Delta Autocorp reported revenues of Rs. 4922.91 lakhs, with an EBITDA of Rs. 797.26 lakhs and a Profit After Tax of Rs. 583.18 lakhs. This growth reflects the company’s commitment to innovation and market expansion.
Leadership & Vision: Founded by Mr. Ankit Agarwal, Delta Autocorp focuses on producing high-quality, affordable electric vehicles that meet the evolving demands of the Indian market while expanding globally. The company’s vision includes maintaining high post-sale service standards and becoming a leading name in the EV industry.
Promoters
- Mr. Ankit Agarwal
- Mrs. Priyanka Agarwal
- Mr. Sanwarmall Agarwalla
Promoters Holding
Holding Pre Issue
97.59%
Holding Post Issue
0.00%
Objects of the Issue
Offer for Sale
Company will not receive any proceeds from the Offer for Sale. The proceeds of the Offer for Sale shall be
received by the Selling Shareholders and will not form part of the Net Proceeds.
The objects of the Offer are: -
- 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
Address / Contact Info
Delta Autocorp Limited
Plot No 304 P, Pithakiarypost-
Rupnarayanpur, Bardhaman,
West Bengal - 713386
Phone: +91 8448223541
Email: compliance@deltic.co
Website: http://www.deltic.co/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 07 January 2025
IPO Close Date
Thursday, 09 January 2025
Basis of Allotment
Friday, 10 January 2025
Initiation of Refunds
Monday, 13 January 2025
Credit of Shares to Demat
Monday, 13 January 2025
Listing Date
Tuesday, 14 January 2025 — NSE & BSE
Important Dates
Open Date
07 January 2025
Close Date
09 January 2025
Basis Of Allotment
10 January 2025
Listing Date
14 January 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 2109.41 | 2033.71 | 789.67 |
| Revenue | 8055.86 | 5753.41 | 1674.28 |
| Profit After Tax | 513.13 | 419.97 | 42.08 |
| Net Worth | 1140.84 | 688.46 | 239.77 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 413.6 | 733.57 | 303.65 |
EPS Pre
7.21%
EPS Post
5.39%
P/E Pre
18.03
P/E (Post Issue)
24.11x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2023. |
|---|---|
| ROE % | 23.69 |
| ROCE % | 19.32 |
| Debt / Equity | 0.49 |
| RoNW % | 21.18 |
| PbW | 0 |
| Pat Margin % | 10.64 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1170000 | 27.86 | 0 |
| Market Maker | 294000 | 7 | 0 |
| Qualified Institutions | 781000 | 18.6 | 0 |
| Non-Institutional | 587000 | 13.98 | 0 |
| Retail Investors | 1368000 | 32.57 | 0 |
| Total | 4200000 | 100 | 0 |
Subscription Status ( Thu, 09 Jan 25 01:05 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 781000 | 139516000 | 178.64x |
| Non-Institutional | 587000 | 366749000 | 624.79x |
| Retail Investors | 1368000 | 430013000 | 314.34x |
| Total | 2736000 | 936278000 | 342.21x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 130,000.00 |
| Retail (Max) | 1 | 1,000 | 130,000.00 |
| S-HNI (Min) | 2 | 2,000 | 260,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Delta Autocorp IPO is a Book-building IPO worth ₹54.6 crores. The price band is ₹123 to 130 per share. The IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Delta Autocorp IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025
Delta Autocorp IPO Price Band is ₹123 to 130.
Delta Autocorp IPO lot size is 1000, and the minimum amount required for application is ₹260000.
The minimum investment for Delta Autocorp IPO is approximately ₹260000 based on the upper price band.
To apply for the Delta Autocorp IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jan 9, 2025. After submission, funds are blocked until the basis of allotment of Delta Autocorp IPO is finalised.
Delta Autocorp IPO issue size is ₹54.6 crores.
Delta Autocorp IPO allotment date is Sat, Jun 27, 2026.
The registrar for Delta Autocorp IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Delta Autocorp IPO through their official website or helpline.
The Delta Autocorp IPO GMP (Grey Market Premium) is ₹105 as of Tue, Jan 14, 2025. Based on the upper price band of ₹130 per share, the estimated Delta Autocorp IPO listing price is ₹235, indicating a potential listing gain of approximately 31% over the issue price.