About Delta Autocorp IPO
Delta Autocorp is set to roll out a Rs 54.60 crore book. This IPO subscription is an amalgamation of a fresh issue of Rs 50.54 crore (38.88 lakh shares) and an offer-for-sale of Rs 4.06 crore (3.12 lakh shares). The firm is preparing to make its debut on NSE SME.
Retail investors need to invest a minimum of Rs 1,30,000. HNI investors must make a minimum investment of Rs 2,60,000 for 2 lots comprising 2,000 shares.
The issue’s registrar is Link Intime India Pvt Ltd. GYR Capital Advisors Pvt Ltd is the book running lead manager in this IPO. The market maker for the same is Giriraj Stock Broking Pvt Ltd.
Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!
Delta Autocorp IPO GMP Details
The latest GMP of the IPO stands at Rs 38, as of 3rd January, 2025, 09:24 AM. The IPO is offered at a price of Rs 130 per share. The estimated listing price for Delta Autocorp is Rs 151, reflecting a potential gain of 38% per share.
For the IPO, the Retail Subject to Sauda is Rs 16,000.
Delta Autocorp IPO Details
| Delta Autocorp IPO Opening Date and Closing Date | 7th January to 9th January |
| Face Value | Rs 10 per share |
| Delta Autocorp IPO GMP | 38₹ |
| Price Band | Rs 123 to Rs 130 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 42,00,000 shares (aggregating up to Rs 54.60 Cr) |
| Fresh Issue | 38,88,000 shares (aggregating up to Rs 50.54 Cr) |
| Offer for Sale | 3,12,000 shares (aggregating up to Rs 4.06 Cr) |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 1,14,01,698 Shares |
| Shareholding Post Issue | 1,52,89,698 Shares |
| Market Maker Portion | 2,94,000 Shares – Giriraj Stock Broking Pvt Ltd |
| Basis of Allotment | Friday, 10th January, 2025 |
| Refund Initiation | Monday, 13th January, 2025 |
| Credit of Shares in Demat | Monday, 13th January, 2025 |
| Listing Date | Tuesday, 14th January, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on 9th January, 2025 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
Delta Autocorp Company Details
Delta Autocorp Ltd, founded in 2016, specialises in manufacturing and selling electric 2-wheelers and 3-wheelers.
Delta Autocorp Ltd, operating under the “Deltic” brand, began by developing electric 3-wheeler prototypes and launched its first E-Rickshaw in 2017, offering a mileage of over 150 km.
To meet changing customer preferences, the company expanded to electric 2-wheelers, launching durable and affordable scooters for tier-2 and tier-3 towns in 2019.
With a network of 300+ dealers across 25 states and Union Territories, Delta focuses on B2B sales. Its goal is to deliver cost-effective, practical products with excellent service and become a global brand.
Key Products:
- Electric 2-wheelers: Deltic Drixx, Deltic Trento
- Electric 3-wheelers: Deltic Star, Deltic Vayu, loaders, garbage carts
- Spare parts: 3W Controller, 3W Motor
The company drives innovation through its R&D unit in Uttar Pradesh, with 11 employees creating customer-focused designs. As of 31st October, 2024, Delta employs 139 people.
Delta Autocorp IPO Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,000 | Rs 130,000 |
| Retail (Max) | 1 | 1,000 | Rs 130,000 |
| HNI (Min) | 2 | 2,000 | Rs 260,000 |
Delta Autocorp IPO Shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Delta Autocorp IPO Financials:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 3,461.35 Lakh | Rs 2,110.04 Lakh |
| Revenue | Rs 8,116.73 Lakh | Rs 8,055.86 Lakh |
| Profit After Tax | Rs 822 Lakh | Rs 513.41 Lakh |
| Net Worth | Rs 3,031.91 Lakh | Rs 1,141.48 Lakh |
| Reserves and Supplies | Rs 1,758.47 Lakh | – |
| Total Borrowing | Rs 1,003.3 Lakh | Rs 413.6 Lakh |
Delta Autocorp IPO: Worth Investing?
Financial Performance:
Revenue: The company generated Rs 4,527.53 lakh in revenue during the period ended on 31st October, 2024.
Profit After Tax (PAT): The company earned a profit of Rs 480.81 lakh after deducting taxes.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 2,270.11 lakh.
Financial Position:
Assets: The company’s total assets amounted to Rs 4,742.31 lakh.
Total Borrowing: The company has borrowed a total of Rs 1,120.31 lakh.
Reserves and Surplus: The company has accumulated reserves and surplus of Rs 1,129.93 lakh.
Delta Autocorp KPI & Their Values:
The market capitalisation of Delta Autocorp IPO is Rs 198.77 crore. As of 31st March 2023, KPI and their values are:
| KPI | Values |
| Return on Equity (ROE) | 23.69% |
| Return on Capital Employed (ROCE) | 19.32% |
| Return on Net Worth (RoNW) | 21.18% |
| Price to Book Value (P/BV) | 6.53 |
| Debt/Equity | 0.49 |
| PAT Margin (%) | 10.64 |
Objectives of Delta Autocorp IPO
The Offer aims to:
- Fund the setup of an Electric Three-Wheeler Fabrication and Painting Plant.
- Invest in developing new products.
- Provide working capital.
- Cover general corporate needs and Offer-related expenses.
Delta Autocorp IPO FAQs:
What is the price band of the Delta Autocorp IPO?
Price band has been fixed at Rs 123 and Rs 130 per share.
What is the retail investor quota of Delta Autocorp IPO?
A minimum of 35% shares shall go to the retail investors.
What is the lot size and share distribution for High Net-Worth Individuals (HNIs)?
The lot size for HNIs is 2 lots, with a total of 2,000 shares allocated.
How can I apply for Delta Autocorp Initial Public Offer?
You can apply through your demat account, banking channels, or other financial institutions during the IPO period.
When is the Last Date of IPO subscription for Delta Autocorp?
The cut-off time is 5 PM on 9th January, 2025, but many brokers close applications earlier, typically between 1-3 PM.
Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!
