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Delta Autocorp Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.130.00
Issue Size:
Rs.54.60 Cr
Lot Size:
1000 shares
Open Date:
January 7
Delta Autocorp Limited IPO Overview
Bidding Dates
January 7 - January 9
Min Investment
₹130,000
Price Range
₹130.00
Issue Size
₹54.60 Cr
IPO DRHP Doc
Company Overview
Delta Autocorp Limited, incorporated in 2016, manufactures and sells 2-wheelers and 3-wheelers EVs under the brand name "Deltic." The company launched its first E-Rickshaw in 2017 and expanded to electric 2W vehicles in 2019. It operates through over 300 dealers across 25 states and Union Territories, focusing on B2B transactions. The company aims to become a global brand with cost-effective products and excellent service, supported by an R&D department in Uttar Pradesh. As of October 31, 2024, Delta Autocorp has 139 employees.
IPO Timeline
Opens
Jan 7
Closes
Jan 9
Allotment
Jan 10
Refunds
Jan 13
Shares Credit
Jan 13
Listing
Jan 14
Opens
Jan 7
Closes
Jan 9
Allotment
Jan 10
Refunds
Jan 13
Shares Credit
Jan 13
Listing
Jan 14
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 178.64x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 624.28x | Oversubscribed |
| RII (Retail Individual Investors) | 314.33x | Oversubscribed |
| Total Subscription | 342.10x | Oversubscribed |
Last updated: Jan 9, 2025, 06:21 PM
Current GMP:
Rs.105
Est. Listing:
Rs.235
Est. Gain:
+80.8%
Star Rating:
★★★★★(5/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹3,461.35 Cr | ₹3,461.35 Cr | ₹2,110.04 Cr | ₹2,031.61 Cr |
| Net Worth | ₹3,031.91 Cr | ₹3,031.91 Cr | ₹1,141.48 Cr | ₹688.82 Cr |
| Profit After Tax | ₹822 Cr | ₹822 Cr | ₹513.41 Cr | ₹420.34 Cr |
| Reserves and Surplus | ₹1,758.47 Cr | ₹1,758.47 Cr | - | - |
| Revenue | ₹8,116.73 Cr | ₹8,116.73 Cr | ₹8,055.86 Cr | ₹5,753.41 Cr |
| Total Borrowing | ₹1,003.3 Cr | ₹1,003.3 Cr | ₹413.6 Cr | ₹733.57 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Experienced promoters with 14+ years of industry expertise.
- Strong professional management team from top-tier institutions.
- Customer-centric approach with tailored product designs and insights.
- In-house R&D for innovation, ensuring product quality.
- Extensive dealer network across 25 states and territories.
- Focus on underserved tier-2 and tier-3 markets.
- Premium electric scooters with functional and affordable features.
- ISO-certified manufacturing and rigorous quality control standards.
- Diversified product portfolio spanning two- and three-wheelers.
IPO Details
Delta Autocorp IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 38,88,000 shares (aggregating up to ₹50.54 Cr) |
| IPO Date | January 7, 2025 to January 9, 2025 |
| Issue Price | ₹130 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | January 14, 2025 |
| Lot Size | 1,000 Shares |
| Offer for Sale | 3,12,000 shares of ₹10 (aggregating up to ₹4.06 Cr) |
| Share Holding Post Issue | 1,52,89,698 shares |
| Share Holding Pre Issue | 1,14,01,698 shares |
| Total Issue Size | 42,00,000 shares (aggregating up to ₹54.60 Cr) |
Delta Autocorp IPO Reservation
Share Reservation Distribution
Retail
1,368,000 shares (32.57%)
Anchor Investors
1,170,000 shares (27.86%)
QIB
781,000 shares (18.6%)
HNI (NII)
587,000 shares (13.98%)
Market Maker
294,000 shares (7%)
Delta Autocorp IPO Promoter Holding
| Share Holding Post Issue | |
| Share Holding Pre Issue | 97.59% |
Delta Autocorp IPO Listing Details
| ₹130 per share |
| DELTIC |
| INE0XRN01019 |
| January 14, 2025 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| High | ₹183.75 |
| Last Trade | ₹167.25 |
| Low | ₹166.25 |
| Open | ₹175.00 |
Key Dates
Open Date:January 7
Close Date:January 9
Listing Date:January 14
