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.
The company’s 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.
Delta Autocorp IPO – Details
| IPO Opening Date | 07 January 2025 |
| IPO Closing Date | 09 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 42,00,000 Shares Worth ₹54.60 Crore Fresh Issue: 38,88,000 Shares Worth ₹50.54 Crore Offer For Sale: 3,12,000 Shares Worth ₹4.06 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹123 – ₹130 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| Other Shares Offered | 15% |
Delta Autocorp IPO – Date Schedule
| IPO Open Date | 07 January 2025 |
| IPO Close Date | 09 January 2025 |
| Basis of Allotment | 10 January 2025 |
| Initiation of Refund | 13 January 2025 |
| Credit of Shares to Demat Account | 13 January 2025 |
| IPO Listing Date | 14 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 09, 2025 |
Delta Autocorp IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,30,000 |
| Retail (Max) | 1 | 1000 | ₹1,30,000 |
| HNI (Min) | 2 | 2000 | ₹2,60,000 |
Competitive Strengths
- 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.
Company Promoters
- Mr. Ankit Agarwal
- Mrs. Priyanka Agarwal
- Mr. Sanwarmall Agarwalla
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 16.74 | 16.19 | 0.42 | 3.03 |
| 31 March 2022 | 57.53 | 51.88 | 4.19 | 7.33 |
| 31 March 2023 | 80.55 | 73.69 | 5.13 | 4.13 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 56.10% |
| ROCE | 188.68% |
| Debt/Equity | 0.36 |
| RoNW | 44.98% |
| PAT Margin | 6.41 |
| Price to Book Value | 0.24 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.50 | 3.36 |
| P/E (x) | 28.89 | 38.74 |
Object Of The Issue
- 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 IPO Promoter Holding
| Pre Issue Share Holding | 97.62% |
| Post Issue Share Holding | – |
Delta Autocorp IPO Prospectus
- Delta Autocorp IPO DRHP
- Delta Autocorp IPO RHP
Company Contact Information
| 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/ |
Delta Autocorp IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: deltaauto.smeipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Delta Autocorp IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Delta Autocorp IPO FAQs
| What is Delta Autocorp IPO? Delta Autocorp IPO is an SME IPO. The issue is priced at ₹123 – ₹130 per equity share. The IPO is to be listed on NSE SME. |
| When Delta Autocorp IPO will open? The IPO is to open on 07 January 2025 for QIB, NII, and Retail Investors. |
| What is Delta Autocorp IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, and NII – 15%. |
| How to Apply the Delta Autocorp IPO? You can apply Delta Autocorp IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Delta Autocorp IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Delta Autocorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Delta Autocorp IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Delta Autocorp IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Delta Autocorp IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Delta Autocorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Delta Autocorp IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Delta Autocorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Delta Autocorp IPO Size? Delta Autocorp IPO size is ₹54.60 Crore. |
| What is Delta Autocorp IPO Price Band? Delta Autocorp IPO Price Band is ₹123 – ₹130. |
| What is Delta Autocorp IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1,000 Shares with ₹1,30,000 amount while the maximum bid is 1,000 Shares with ₹1,30,000. |
| What is the Delta Autocorp IPO Allotment Date? Delta Autocorp IPO allotment date is 10 January 2025. |
| What is the Delta Autocorp IPO Listing Date? Delta Autocorp IPO listing date is 14 January 2025. The IPO is to be listed on NSE SME. |
