Delta Autocorp IPO Details
The Delta Autocorp IPO is a book build issue with a total issue size of ₹54.6 cr, comprising of fresh issue of 3888000 equity shares., and a offer for sale of 312000 equity shares. Delta Autocorp IPO opened for subscription on Jan 07, 2025 and closed on Jan 09, 2025. Delta Autocorp IPO is set price band at ₹123 to ₹130 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹260,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 10, 2025, and listed on the NSE on Jan 14, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Delta Autocorp IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 123 – 130
- Lot Size
- 1000
- Issue Size
- ₹54.6 Cr
- Minimum Investment
- ₹260000 (2000 Shares)
- Listing Date
- 14 January 2025
Current GMP
₹105 (+80.77%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Delta Autocorp Limited
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.
Delta Autocorp IPO Promoters
- Mr. Ankit Agarwal
- Mrs. Priyanka Agarwal
- Mr. Sanwarmall Agarwalla
Promoters Holding
Holding Pre Issue
97.59%
Holding Post Issue
0.00%
Delta Autocorp IPO Objective
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
Book Running Lead Managers
- GYR Capital Advisors Private Limited
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 with a total issue size of ₹54.6 crore. The Delta Autocorp IPO price band is ₹123 to 130 per share. The Delta Autocorp IPO subscription opens on Tue, Jan 7, 2025, and closes on Thu, Jan 9, 2025. The Delta Autocorp IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Delta Autocorp IPO.
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 per share.
Delta Autocorp IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹260000 based on the upper price band
The minimum investment for Delta Autocorp IPO is ₹260000, based on one lot of 1000 shares at the upper price band of ₹130 per share.
Investors can apply for the Delta Autocorp IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jan 9, 2025. The application amount remains blocked until the Delta Autocorp IPO allotment is finalized.
Delta Autocorp IPO issue size is ₹54.6 crores.
Delta Autocorp IPO allotment date is Wed, Jul 1, 2026.
The registrar for Delta Autocorp IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Delta Autocorp IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.