Delta Autocorp Limited IPO Details
SME
Delta Autocorp IPO opens for subscription on 07 Jan 2025 and closes on 09 Jan 2025. The IPO will be listed on NSE with the tentative listing date set for 14 Jan 2025.
Delta Autocorp IPO price band has been fixed at ₹123 – ₹130 per share.The face value is ₹10 per share with a lot size of 1000.
Delta Autocorp IPO total issue size comprises 42,00,000 shares (aggregating up to ₹54.60 Cr). This includes a fresh issue of 38,88,000 shares (aggregating up to ₹ 50.54 Cr). Offer for Sale consists of 3,12,000 shares (aggregating up to ₹4.06 Cr). Pre-issue shareholding stands at 1,14,01,698, which will increase to 1,52,89,698 post-issue.
Delta Autocorp IPO carries a ₹105 (80.8%) GMP, reflecting investor sentiment.
Delta Autocorp IPO Lot Size : Retain Minimum is 1 lot (1,000 shares) amounting to ₹130,000. Retain Maximum is 1 lot (1,000 shares) amounting to ₹130,000. SHNI Minimum is 2 lots (2,000 shares) amounting to ₹260,000.
The Lead Managers for Delta Autocorp IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GYR Capital Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Delta Autocorp Limited RHP.
Delta Autocorp IPO Details
Delta Autocorp IPO Subscription
Delta Autocorp IPO Application Wise Breakup
Delta Autocorp IPO Dates
- 07 Jan 2025Opening dateOPD
- 09 Jan 2025Closing dateCOD
- 10 Jan 2025Allotment Date BOA
- 13 Jan 2025Initiation of RefundsIOR
- 13 Jan 2025Credit of SharesCOS
- 14 Jan 2025Listing dateLID
Delta Autocorp IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1000 | ₹130,000 |
| Retain Maximum | 1 | 1000 | ₹130,000 |
| SHNI Minimum | 2 | 2000 | ₹260,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Delta Autocorp IPO Reservation
Promoter Holding
Delta Autocorp IPO Valuations
Delta Autocorp Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | |||||||||||||||||||||||||||
| Assets | 2,109.41 | 2,033.71 | 789.67 | |||||||||||||||||||||||||||
| Revenue | 8,055.86 | 5,753.41 | 1,674.28 | |||||||||||||||||||||||||||
| Profit After Tax | 513.13 | 419.97 | 42.08 | |||||||||||||||||||||||||||
| Net Worth | 1,140.84 | 688.46 | 239.77 | |||||||||||||||||||||||||||
| Total Borrowing | 413.6 | 733.57 | 303.65 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Delta Autocorp IPO
Incorporated in 2016, Delta Autocorp Limited is engaged in the business of manufacturing and selling of 2-wheelers & 3-wheelers EVs.
Initially concentrating on developing electric 3-wheelers prototypes, they marked a significant milestone in 2017 with the launch of their first E-Rickshaw, boasting an impressive mileage of over 150 Km.
After analysing market trends and changing customer preferences, the company expanded its product range to electric 2W vehicles. In 2018, prototype development began, and in 2019, the company launched affordable, durable scooters for tier-2 and tier-3 towns.
The company operates through a network of over 250 dealers across 24 states and Union Territories, focusing on B2B transactions. The goal is to become a global brand with cost-effective, practical products and 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 January 2024, the company has 141 employees.
Competitive Strength:
- Experienced Promoters and Management Team
- Customer Centric Approach
- In house Research and Development of Products
- Cracking the distribution model
- Tapping into the mass premium segment
- Quality Standard Certifications & Quality Tests
- Diversified product range
Strength Of Delta Autocorp IPO
1. Experienced Promoters and Management Team.
2. Customer Centric Approach.
3. In house Research and Development of Products.
4. Cracking the distribution model.
5. Tapping into the mass premium segment.
6. Quality Standard Certifications & Quality Test.
7. Diversified product range.
Risk Of Delta Autocorp IPO
1. If our electric vehicles contain defects, do not perform as per industry standards and/or fail to meet the performance levels advertised, our brand and reputation and our ability to develop, market and sell our electric vehicles could be adversely impacted, and we may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against us.
2. Our success depends on our ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose us to new and increased challenges and risks.
3. We are dependent on our dealers for sale of our product. Loss of any or all such dealer may have an adverse impact on our business, results of operations and financial conditions.
4. Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect our business operations.
5. Our business is dependent on our distribution network. An inability to expand or effectively manage our distributor network, or any disruptions in our distribution network may have an adverse effect on our business, results of operations, financial condition and cash flows.
6. We are dependent on third parties for our logistics and transportation needs. Any disruptions in the same may adversely affect our operations, business, cash flows and financial conditions.
7. Our Registered Office, Corporate Office and Manufacturing units from where we operate is not owned by us.
8. We may not be able to compete successfully in the highly competitive and fast evolving automotive market.
9. Our operations could be adversely affected by strikes, work stoppages or increased wage demands by our employees or any other kind of disputes with our employees.
10. If there are changes in government regulations and we are unable to meet the new requirements, it could negatively affect our business and operations.
Objectives Delta Autocorp IPO
- 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
Company 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports