Delta Autocorp Limited IPO Details – Price, Date, GMP & Analysis
Delta Autocorp Limited IPO Overview
Key IPO Details
Investment Summary
The Delta Autocorp Limited IPO IPO is a sme offering scheduled to open on January 7. The issue is priced at ₹130 per share, with a minimum application of 1000 shares.
Status: Listed and trading
How to Apply for Delta Autocorp Limited IPO
To apply for the Delta Autocorp Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select Delta Autocorp Limited IPO
- Enter bid quantity (minimum 1000 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before January 9
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹130,000(approx. based on lower price band)
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.
Grey Market Premium (GMP)
IPO Timeline
Open Date
Tue, Jan 7, 2025
CompletedClose Date
Thu, Jan 9, 2025
CompletedAllotment
Fri, Jan 10, 2025
CompletedRefund Process
Mon, Jan 13, 2025
CompletedCredit to Demat
Mon, Jan 13, 2025
CompletedListing Date
Tue, Jan 14, 2025
CompletedSubscription Status
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: Invalid Date
IPO Details
Delta Autocorp IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 42,00,000 shares (aggregating up to ₹54.60 Cr) |
| Fresh Issue | 38,88,000 shares (aggregating up to ₹50.54 Cr) |
| Offer for Sale | 3,12,000 shares of ₹10 (aggregating up to ₹4.06 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,14,01,698 shares |
| Share Holding Post Issue | 1,52,89,698 shares |
Delta Autocorp IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 11,70,000 (27.86%) |
| Market Maker Shares Offered | 2,94,000 (7%) |
| QIB Shares Offered | 7,81,000 (18.6%) |
| NII (HNI) Shares Offered | 5,87,000 (13.98%) |
| Retail Shares Offered | 13,68,000 (32.57%) |
| Total Shares Offered | 42,00,000 (100%) |
Delta Autocorp IPO Timeline (Tentative Schedule)
| IPO Open Date | Tue, Jan 7, 2025 |
| IPO Close Date | Thu, Jan 9, 2025 |
| Tentative Allotment | Fri, Jan 10, 2025 |
| Initiation of Refunds | Mon, Jan 13, 2025 |
| Credit of Shares to Demat | Mon, Jan 13, 2025 |
| Tentative Listing Date | Tue, Jan 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
Delta Autocorp IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,30,000 |
| Retail (Max) | 1 | 1000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Delta Autocorp IPO Promoter Holding
| Share Holding Pre Issue | 97.59% |
| Share Holding Post Issue |
Delta Autocorp IPO Listing Details
| January 14, 2025 |
| DELTIC |
| INE0XRN01019 |
| ₹130 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹175.00 |
| Low | ₹166.25 |
| High | ₹183.75 |
| Last Trade | ₹167.25 |
Financial Information
Company FinancialsDelta Autocorp Limited Financial Information (Restated)
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,742.31 | 3,461.35 | 2,110.04 | 2,031.61 |
| Revenue | 4,527.53 | 8,116.73 | 8,055.86 | 5,753.41 |
| Profit After Tax | 480.81 | 822 | 513.41 | 420.34 |
| Net Worth | 2,270.11 | 3,031.91 | 1,141.48 | 688.82 |
| Reserves and Surplus | 1,129.93 | 1,758.47 | ||
| Total Borrowing | 1,120.31 | 1,003.3 | 413.6 | 733.57 |
Key Dates
Delta Autocorp Limited IPO IPO Review & Analysis
Should I Apply for Delta Autocorp Limited IPO?
The Delta Autocorp Limited IPO decision depends on your risk tolerance, investment goals, and analysis of company fundamentals. Consider factors like business model, financial performance, industry prospects, and valuation before applying.
Key Positives
- • SME listing provides credibility
- • Issue size of ₹54.60 Cr indicates scale
- • Regulated by SEBI guidelines
Key Considerations
- • Analyze company financials thoroughly
- • Check Grey Market Premium trends
- • Consider market conditions
Delta Autocorp Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: Delta Autocorp Limited IPO IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.