Delta Autocorp IPO
GMP, Subscription, Price, Dates & Financial Details
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)…
Open Date
Tue, 07 Jan 2025
Close Date
Thu, 09 Jan 2025
Price Band
₹ 123 – 130
Lot Size
1000
Issue Size
₹ 54.60 Cr
Minimum Investment
₹ 260,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Delta Autocorp IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹54.60 Crore, comprising a fresh issue of 38.88 Lakh equity shares aggregating to ₹50.54 Crore and an offer for sale (OFS) of 3.12 Lakh equity shares aggregating to ₹4.06 Crore by the existing shareholders.
The Delta Autocorp IPO remained open for subscription from January 07, 2025, to January 09, 2025. The basis of allotment was finalized on January 10, 2025, and the company's shares were listed on NSE SME Platform on January 14, 2025.
The company had fixed the price band at ₹123 to ₹130 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹260,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Delta Autocorp Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Delta Autocorp IPO Timeline (Tentative)
- IPO Open Date
- Tue, 07 Jan 25
- IPO Close Date
- Thu, 09 Jan 25
- Basis of Allotment
- Fri, 10 Jan 25
- Initiation of Refunds
- Mon, 13 Jan 25
- Credit of Shares to Demat
- Mon, 13 Jan 25
- Listing Date
- Tue, 14 Jan 25 — NSE & BSE
Open Date
07 January 2025
Close Date
09 January 2025
Basis Of Allotment
10 January 2025
Listing Date
14 January 2025
IPO Subscription
Check Live Subscription →The Delta Autocorp IPO has received bids for 93,62,78,000 shares against 27,36,000 shares offered, resulting in an overall subscription of 342.21x. the NII category is subscribed 624.79x, Retail Investors 314.34x, and QIBs 178.64x.
QIB
178.64x
NII
624.79x
RII
314.34x
Total
342.21x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 13,68,000 shares, representing 32.57% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,81,000 shares (18.6%), while Non-Institutional Investors (NIIs) receive 5,87,000 shares (13.98%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,170,000 | 27.86% |
| Market Maker | 294,000 | 7% |
| Qualified Institutions | 781,000 | 18.6% |
| Non-Institutional | 587,000 | 13.98% |
| Retail Investors | 1,368,000 | 32.57% |
| Total | 4,200,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Delta Autocorp Limited KPI Information
| Particular | KPI as of Mar 31, 2023. |
|---|---|
| ROE % | 23.69 |
| ROCE % | 19.32 |
| Debt / Equity | 0.49 |
| RoNW % | 21.18 |
| Pat Margin % | 10.64 |
Peers Comparison
No Peer Comparision Available
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
Delta Autocorp Limited Address / Contact Details
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
Delta Autocorp IPO Lot Size
The Delta Autocorp IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,30,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,30,000.
| 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 |
Issue Reservation
- Anchor Investors — 27.86%
- Market Maker — 7%
- QIB — 18.6%
- NII — 13.98%
- RII — 32.57%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Delta Autocorp 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.
When will the Delta Autocorp IPO open for subscription?
The Delta Autocorp IPO opens on Tue, Jan 7, 2025 and closes on Thu, Jan 9, 2025
What is Delta Autocorp IPO Price Band?
Delta Autocorp IPO Price Band is ₹123 to 130 per share.
What is Delta Autocorp IPO Lot Size?
Delta Autocorp IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹260000 based on the upper price band
What is the minimum investment for Delta Autocorp IPO?
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.
How to apply for Delta Autocorp IPO?
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.
What is Delta Autocorp IPO Issue Size?
Delta Autocorp IPO issue size is ₹54.6 crores.
What is the Delta Autocorp IPO Allotment Date?
Delta Autocorp IPO allotment date is Fri, Jan 10, 2025.
Who is the Delta Autocorp IPO Registrar?
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.
What is the Delta Autocorp IPO GMP?
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 80.77% over the issue price.
Who is the Delta Autocorp IPO Lead Manager?
The book-running lead managers (BRLMs) for the Delta Autocorp IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Delta Autocorp IPO Red Herring Prospectus (RHP).