The Delta Autocorp IPO is being offered as a book-built issue amounting to Rs 54.60 crores. The issue is comprised of a fresh issue of 38.88 lakh shares aggregating to Rs 50.54 crores and an offer for sale of 3.12 lakh shares aggregating to Rs 4.06 crores.
The subscription for the Delta Autocorp IPO is scheduled to be opened on January 7, 2025, and will close on January 9, 2025. The allotment of shares is expected to be finalized on Friday, January 10, 2025. The IPO is set to be listed on NSE SME, with a tentative listing date of Tuesday, January 14, 2025.
A price band of ₹123 to ₹130 per share has been set for the IPO. A minimum lot size of 1,000 shares is required for applications, with retail investors being required to invest at least ₹1,30,000. For HNI investors, the minimum investment of 2 lots (2,000 shares) is set at ₹2,60,000.
Get the Delta Autocorp IPO RHP for detailed information.
| IPO Date | February 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 123 to ₹ 130 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | ₹54.60 Cr |
| Fresh Issue | ₹50.54 Cr |
| Offer for Sale | ₹4.06 Cr |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,14,01,698 |
| Share holding post issue | 1,52,89,698 |
| Market Maker portion | 2,94,000 |
Delta Autocorp Limited IPO opens on February 7, 2025, and closes on January 9, 2025.
| IPO Open Date | February 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat | January 13, 2025 |
| Listing Date | January 14, 2025 |
| Cut-off time for UPI mandate confirmation | January 9, 2025 |
Bids for the IPO can be placed in a minimum lot size of 1,000 shares and in multiples thereof. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | Rs.130,000 |
| Retail (Max) | 1 | 1,000 | Rs.130,000 |
| S-HNI (Min) | 2 | 2,000 | Rs.260,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 97.59% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 35% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 15% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 2016, Delta Autocorp Limited is primarily engaged in the manufacturing and sale of 2-wheelers and 3-wheelers EVs.
The brand name "Deltic" is operated under by the company. Initially, the development of electric 3-wheelers prototypes was focused on, and a significant milestone was achieved in 2017 with the launch of the first E-Rickshaw, offering an impressive mileage of over 150 km.
Following an analysis of market trends and evolving customer preferences, the product range was expanded to include electric 2-wheelers. Prototype development was initiated in 2018, and affordable, durable scooters were launched in 2019, targeting tier-2 and tier-3 towns.
A network of over 300 dealers across 25 states and Union Territories is operated by the company, with a focus placed on B2B transactions. The aim of the company is to be established as a global brand by offering cost-effective, practical products paired with excellent service.
| KPI | Values |
|---|---|
| ROE | 23.69% |
| ROCE | 19.32% |
| Debt/Equity | 0.49 |
| RoNW | 21.18% |
| P/BV | |
| PAT Margin (%) | 10.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.21 | 5.39 |
| P/E (x) | 18.03 | 24.11 |
The Offer is aimed at achieving the following objectives:
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/ |
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 |
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