Delta Autocorp IPO subscribed 342.1 times overall on the last day, a retail quota was subscribed over 314.33 times, and NII was subscribed over 624.28 times, QIB was subscribed over 178.64.
Details About Delta Autocorp IPO
Delta Autocorp got approval from SEBI for an IPO of ₹54.60 crores, afresh issue with ₹50.54 crores, and offer for sale up to 3,12,000 equity shares a face value of Rs 10 each. Further, it had a set price band between ₹123 to ₹130 per share.
In this IPO 1,000 shares were in 1 lot size for retail minimum and maximum category. Moreover, 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,30,000.
- SHNI (S-HNI): Minimum investment of ₹2,60,000.
Delta Autocorp IPO’s Subscription Duration
This IPO’s subscription started on January 7, 2025, and closed on January 9, 2025.
The Delta Autocorp IPO’s allotment date was January 10, 2025, and they received a refund on January 13, 2025. The listing of this IPO is on January 14, 2025.
Funds Deployment of This IPO
- Financing for expenses related to establishing a fabrication and painting facility for electric three-wheelers
- Investment in developing new products
- Funding needed for working capital requirements
- General Corporate Purposes
- To meet the Offer Expenses
About Delta Autocorp Company
Delta Autocorp Limited, established in 2016, is a rapidly growing company specializing in the manufacturing and sale of 2-wheelers and 3-wheelers. They produce electric vehicles using high-quality components sourced 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. 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 primarily concentrates on B2B business transactions. Currently, the company partners with a robust distribution network of over 250 affiliates.
Delta Autocorp IPO Company Financial Report
The company reported revenue of ₹80.56 crore in 2023 against ₹57.53 crore in 2022. The company reported a profit of ₹5.13 crores in 2023 against a Profit of ₹4.20 crores in 2022.
