Delta Autocorp IPO Details
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹123 to ₹130 Per Share |
| Issue Size: | Approx ₹54.60 Crores |
| Fresh Issue: | Approx ₹50.54 Crores |
| Offer for Sale: | Approx 3,12,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Delta Autocorp IPO Market Lot
The Delta Autocorp IPO minimum market lot is 1000 shares with ₹1,30,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,000 | ₹1,30,000 |
| Retail Maximum | 1 | 1,000 | ₹1,30,000 |
| S-HNI Minimum | 2 | 2,000 | ₹2,60,000 |
Delta Autocorp IPO Dates
The Delta Autocorp IPO date is January 7 and the close date is January 9. The Delta Autocorp IPO allotment will be finalized on January 10 and the IPO listing on January 14.
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Basis of Allotment: | January 10, 2025 |
| Refunds: | January 13, 2025 |
| Credit to Demat Account: | January 13, 2025 |
| IPO Listing Date: | January 14, 2025 |
Promoters of Delta Autocorp IPO
The promoters of the company are Mr. Ankit Agarwal, Mrs. Priyanka Agarwal and Mr. Sanwarmall Agarwalla.
About Delta Autocorp IPO
Founded in 2016, Delta Autocorp Limited is one of the growing companies in manufacturing and selling of 2-wheelers & 3-wheelers. They manufacture electric vehicles using advanced components from Original Equipment Manufacturers (OEMs). They also designed specific components for their vehicles. The company mostly focused on developing electric 3-wheelers at first and running their business smoothly. In 2017, they decided to launch the first E-rikshaw, offering an incredible range of over 150 kilometers. After analyzing their customer’s requirements, they decided to widen their product portfolio by adding electric 2W vehicles. In 2018 they saw the hype around 2W vehicles and started developing prototypes of electric-2 wheelers and in 2019 they launched the first electric 2W model. They are first to hear the demand of their customers and launch 2-tier and 3-tier scooters which are not only stylish but affordable and sturdy too. Delta Autocorp Limited mainly focuses on Working in B2B business transactions. As of now, the business currently collaborates with over 250 strong distribution networks.
Delta Autocorp IPO Company Financial Report
The company reported revenue of ₹80.56 crores in 2023 against ₹57.53 crore in 2022. The company reported profit of ₹5.13 crores in 2023 against Profit of ₹4.20 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹16.74 | ₹16.19 | ₹0.42 | ₹7.90 |
| 2022 | ₹57.53 | ₹51.89 | ₹4.20 | ₹20.34 |
| 2023 | ₹80.56 | ₹73.69 | ₹5.13 | ₹21.09 |
Delta Autocorp IPO Valuation – FY2023
Check Delta Autocorp IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 56.10% |
| ROCE: | 49.28% |
| EBITDA Margin: | 9.74% |
| PAT Margin: | 6.41% |
| Debt to equity ratio: | 0.36 |
| Earning Per Share (EPS): | ₹342.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 44.98% |
| Net Asset Value (NAV): | ₹760.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Wardwizard Innovations & Mobility Limited | 0.52 | 109.62 | 13.27% | 3.88 | 321.63 Cr. |
Objects 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 Review
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Delta Autocorp IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Delta Autocorp Limited
Plot No 304 P,
Pithakiarypost-Rupnarayanpur,
Bardhaman, West Bengal, 713386
Phone: +91 8448223541
Email: [email protected]
Website: http://www.deltic.co/
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