Delta Autocorp Limited
Bookbuilding IPO · NSE
- Price band
- ₹123 - ₹130
- Lot size
- 1,000 shares
- Issue amount
- ₹54.6 cr
- Total subscription
- 309×
- Opens
- 7 Jan 2025
- Closes
- 9 Jan 2025
- Allotment
- 10 Jan 2025
- Listing
- 14 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 42,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,23,000
- Fresh issue
- ₹50.54 cr
- Offer for sale
- ₹4.06 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,30,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,14,01,698
- Shares after issue
- 1,52,89,698
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 1,000 | ₹1,30,000 |
| HNI | 2 | 2,000 | ₹2,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 112 |
| NIB | — | 28,501 |
| RETAIL | — | 4,30,013 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.15 | 1,813.71 |
| RETAIL | 17.78 | 5,590.17 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Oct-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.22 | 11.79 | 9.25 |
| ROE | 23.69 | 56.49 | 56.1 |
| ROCE | 19.32 | 50.99 | 49.3 |
| RONW | 0 | 0 | 0 |
| PRE IPO (PE) | 0 | 18.03 | 0 |
| POST IPO (PE) | 24.11 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Delta Autocorp Limited, established in 2016, is a company that makes and sells electric 2-wheelers and 3-wheelers, meeting the growing demand for EVs in India. Starting with electric 3-wheelers, the company launched its first E-Rickshaw in 2017, offering an impressive range of over 150 km. In 2019, Delta expanded to electric 2-wheelers, introducing affordable and durable scooters designed for smaller cities and towns. With a strong network of 250+ dealers across 24 states and Union Territories, the company focuses on providing cost-effective and reliable products for businesses. As of January 31, 2024, Delta Autocorp has 141 employees and is working towards becoming a global leader in the EV industry.
Strengths
- Experienced Leadership: Led by a team of experts with deep knowledge and experience in the EV industry.
- Customer-Focused Solutions: Committed to providing smart, affordable solutions designed to meet market demands.
- In-House Innovation: Dedicated research and development to create high-performing, long-lasting products.
Risk factors
- Product Quality and Performance Risks: If our electric vehicles have defects or don’t perform well, it could damage our reputation, lead to recalls, and potentially involve legal issues.
- Challenges in Launching New Models: Bringing new EV models to market successfully—making sure they’re high-quality and produced at scale—is a big challenge.
- Dependence on Dealers: We rely on our dealer network for sales and support, so losing important dealers could hurt our operations, sales, and financial stability.
Promoters
Mr. Ankit Agarwal
Mrs. Priyanka Agarwal
Mr. Sanwarmall Agarwalla
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No 304 P, Pithakiarypost-Rupnarayanpur, Bardhaman, West Bengal, 713386
+91 8448223541
[email protected]Company website ↗Understanding DELTIC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.