Delta Autocorp IPO - Day 3 Subscription at 81.96 Times

Delta Autocorp's initial public offering (IPO) has received exceptional investor interest over the three-day period. The IPO witnessed remarkable growth in demand, with subscription rates progressing from 13.81 times on day one, to 58.55 times on day two, and reaching an impressive 81.96 times by 11:04:59 AM on the final day.
 

Delta Autocorp IPO opened on 7th January 2025 and has seen outstanding participation across categories. The Retail Investors segment has shown exceptional interest, reaching 133.61 times subscription, while Non-Institutional Investors achieved remarkable subscription at 67.05 times. The QIB portion stands at 2.72 times.

This robust response comes amid positive sentiment in the Indian stock market, particularly towards companies in the electric vehicle manufacturing sector. Being listed on the NSE SME platform, the issue has attracted significant attention from retail investors.
 

Subscription Status of Delta Autocorp IPO:

*As of 11:04:59 AM

Here are the subscription details for Delta Autocorp IPO as of Day 3 (9th January 2025, 11:04:59 AM):

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights Delta Autocorp IPO - Day 3 Subscription

• Overall subscription reached exceptional 81.96 times on the final day
• Retail investors showing overwhelming response at 133.61 times subscription
• Non-Institutional Investors achieved remarkable 67.05 times subscription
• QIB portion improved to 2.72 times
• Total bids worth ₹2,915.32 crores received
• Applications reached 1,92,564 showing strong retail interest
• Market response indicating robust demand
• Final day demonstrating tremendous investor confidence
• All categories showing significant oversubscription

Delta Autocorp IPO - Day 2 Subscription at 58.55 Times

Key Highlights

• Overall subscription grew significantly to 58.55 times
• Retail investors showed strong growth to 98.49 times
• Non-institutional investors progressed to 39.76 times
• QIB portion improved to 2.71 times
• Day two witnessed accelerated momentum
• Market response indicating growing confidence
• Subscription trend showing strong momentum
• All segments demonstrated substantial growth
• Strong retail participation continued

Delta Autocorp IPO - Day 1 Subscription at 13.81 Times

Key Highlights:

• Overall subscription opened strong at 13.81 times
• Retail investors began remarkably at 23.59 times
• Non-institutional investors showed good interest at 8.39 times
• QIB portion at 0.78 times
• Opening day demonstrated exceptional response
• Market confidence evident in retail segment
• Initial momentum indicating strong interest
• Day one subscription exceeded expectations
• Strong retail demand visible from start

About Delta Autocorp Limited

Incorporated in 2016, Delta Autocorp Limited has established itself as a manufacturer of electric 2-wheelers and 3-wheelers. The company operates under the brand name "Deltic" and has demonstrated significant growth since its inception. Starting with electric 3-wheelers in 2017, they achieved a milestone with their first E-Rickshaw launch, offering an impressive range of over 150 Km.

The company's comprehensive product portfolio includes electric 2-wheeler scooters (Deltic Drixx, Deltic Trento), electric 3-wheeler rickshaws (Deltic Star, Deltic Vayu), electric 3-wheeler loaders, and electric garbage carts. Their business operations span across 25 states and Union Territories through a network of over 300 dealers.

Their financial performance shows strong growth, with revenue of ₹45.27 crores and PAT of ₹4.80 crores for the period ended October 31, 2024. The company maintains 139 employees and focuses on in-house product innovation through its R&D department in Uttar Pradesh.
 

Highlights of the Delta Autocorp IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹54.60 crores
• Fresh Issue: 38.88 lakh shares aggregating to ₹50.54 crores
• Offer for Sale: 3.12 lakh shares aggregating to ₹4.06 crores
• Face value: ₹10 per share
• Price band: ₹123 to ₹130 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,30,000
• Minimum investment for HNI: ₹2,60,000 (2 lots)
• Market maker reservation: 2,94,000 shares
• Listing at: NSE SME
• IPO opens: 7th January 2025
• IPO closes: 9th January 2025
• Allotment date: 10th January 2025
• Refund initiation: 13th January 2025
• Credit of shares: 13th January 2025
• Listing date: 14th January 2025
• Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Giriraj Stock Broking Private Limited