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Delta Autocorp IPO

  • Status: Live
  • RHP:
  • ₹ 123,000 / 1000 shares

    Minimum Investment

IPO Details

  • Open Date

    07 Jan 2025

  • Close Date

    09 Jan 2025

  • IPO Price Range

    ₹ 123 to ₹ 130

  • IPO Size

    ₹ 54.60 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    14 Jan 2025

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Delta Autocorp IPO Subscription Status

Last Updated: 07 January 2025 5:35 PM by 5Paisa

Delta Autocorp IPO is set to open on 7 January 2025 and will close on 9 January 2025. Delta Autocorp specializes in manufacturing and selling electric 2-wheelers and 3-wheelers under the "Deltic" brand.

The IPO consists of a combination of fresh issue of 0.39 Cr shares aggregating to ₹50.54 Cr and an offer for sale of 0.03 Cr shares aggregating to ₹4.06 Cr. The price band is set at ₹123 to ₹130 per share and the lot size is 1,000 shares. 

The allotment is scheduled to be finalised on 10 January 2025. It will go public on NSE SME, with a tentative listing date of 14 January 2025.

GYR Capital Advisors Pvt Ltd is the book running lead manager, while Link Intime India Pvt Ltd is the registrar. 
 

Delta Autocorp IPO Size

Types Size
Total IPO Size ₹54.60 Cr.
Offer For Sale ₹4.06 Cr.
Fresh Issue ₹50.54 Cr.

 

 Delta Autocorp IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 123,000
Retail (Max) 1 1000 123,000
HNI (Min) 2 2000 246,000

Delta Autocorp IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 0.78 7,81,000 6,07,000 7.891
NII (HNI) 8.35 5,87,000 49,03,000 63.739
Retail 23.32 13,68,000 3,19,06,000 414.778
Total** 13.68 27,36,000 3,74,16,000 486.408

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Delta Autocorp IPO Anchor Allocation

Anchor Bid Date 6 January, 2025
Shares Offered 11,70,000
Anchor portion Size (In ₹ Cr.) 15.21
Anchor lock-in period end date for 50% shares (30 Days) 9 February, 2025
Anchor lock-in period end date for remaining shares (90 Days) 10 April, 2025

 

1. Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant
2. Investment in New Product Development
3. Funding of working capital requirement
4. General Corporate Purposes
5. To meet out the Offer Expenses
 

Delta Autocorp Limited  specializes in manufacturing and selling electric 2-wheelers and 3-wheelers under the "Deltic" brand. With 300+ dealers across 25 states, it offers innovative, affordable EVs like Deltic Drixx scooters and Star E-rickshaws. Backed by strong R&D and an experienced team, Delta focuses on quality, customer-centricity, and tapping the mass premium EV segment.

Established in: 2016
Managing Director: Mr. Ankit Agarwal

Peers

Wardwizard Innovations & Mobility Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 57.53 80.56 81.17
EBITDA 6.23 7.84 11.40
PAT 4.20 5.13 8.22
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 20.32 21.10 34.61
Share Capital 0.15 0.15 0.31
Total Borrowings 7.34 4.14 10.03
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -3.70 5.03 2.62
Net Cash Generated From / (used in) investing activities -0.58 -0.15 -1.50
Net Cash Generated From / (used in) financing activities 4.28 -4.64 -0.66
Net Increase (Decrease) In Cash And Cash Equivalents - 0.24 0.46

Strengths

1. Extensive dealer network spanning 300+ dealers across 25 states and Union Territories.
2. In-house R&D team ensures customer-centric and innovative electric vehicle designs.
3. Affordable, durable EVs cater to tier-2 and tier-3 town customers.
4. Diverse product range includes 2W scooters, 3W rickshaws, loaders, and garbage carts.
5. Experienced promoters and management drive strategic growth and operational excellence.

Risks

1. Limited brand recognition compared to established players in the electric vehicle industry.
2. Dependence on B2B sales reduces exposure to direct consumer markets.
3. Smaller workforce could challenge rapid expansion or scaling operations.
4. High competition from both domestic and international electric vehicle manufacturers.
5. Focused primarily on the mass premium segment, limiting presence in luxury or high-end markets.

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FAQs

Delta Autocorp IPO opens from 7 January 2025 to 9 January 2025.

The size of Delta Autocorp IPO is ₹54.60 Cr.

The price of Delta Autocorp IPO is fixed at ₹123 to ₹130 per share. 

To apply for Delta Autocorp IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Delta Autocorp  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Delta Autocorp IPO is 1000 shares and the investment required is ₹123,000.

The share allotment date of Delta Autocorp IPO is 10 January 2025

The Delta Autocorp IPO will be listed on 14 January 2025.

GYR Capital Advisors Pvt Ltd is the book running lead manager for Delta Autocorp IPO.

Delta Autocorp plans to utilise the raised capital from the IPO for:

1. Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant
2. Investment in New Product Development
3. Funding of working capital requirement
4. General Corporate Purposes
5. To meet out the Offer Expenses