Delta Autocorp IPO vs Technichem Organics IPO

Comparison between Delta Autocorp IPO and Technichem Organics IPO.

IPO Details

Delta Autocorp IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Technichem Organics IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Delta Autocorp IPO is up to ₹50.78 Cr whereas the issue size of the Technichem Organics IPO is up to ₹23.86 Cr. The final issue price of Delta Autocorp IPO is ₹130.00 per share and of Technichem Organics IPO is ₹55.00 per share.

 Delta Autocorp IPOTechnichem Organics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹123.00 per share₹52.00 per share
Issue Price (Upper)₹130.00 per share₹55.00 per share
Issue Price (Final)₹130.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size35,94,000 shares43,38,000 shares
Fresh Issue Size (Amount)up to ₹46.72 Crup to ₹23.86 Cr
OFS Issue Size3,12,000 shares0 shares
OFS Issue Size (Amount)up to ₹4.06 Crup to ₹0.00 Cr
Issue Size Total39,06,000 shares43,38,000 shares
Issue Size Total (Amount)up to ₹50.78 Crup to ₹23.86 Cr

IPO Timetable

Delta Autocorp IPO opens on Jan 07, 2025, while Technichem Organics IPO opens on Dec 31, 2024. The closing date of Delta Autocorp IPO and Technichem Organics IPO is Jan 09, 2025, and Jan 02, 2025, respectively.

 Delta Autocorp IPOTechnichem Organics IPO
Anchor Bid DateJan 06, 2025Dec 30, 2024
Issue OpenJan 07, 2025Dec 31, 2024
Issue CloseJan 09, 2025Jan 02, 2025
Basis Of Allotment (Tentative)Jan 10, 2025Jan 03, 2025
Initiation of Refunds (Tentative)Jan 13, 2025Jan 06, 2025
Credit of Share (Tentative)Jan 13, 2025Jan 06, 2025
Listing date (Tentative)Jan 14, 2025Jan 07, 2025
Anchor Lockin End date 1Feb 08, 2025Feb 02, 2025
Anchor Lockin End date 2Apr 09, 2025Apr 03, 2025

Financials & KPIs

Delta Autocorp IPO P/E ratio is 18.03, as compared to Technichem Organics IPO P/E ratio of 14.81.

 Delta Autocorp IPOTechnichem Organics IPO
Financials

Company Financials (Restated)

Period Ended31 Oct 202431 Mar 202431 Mar 202331 Mar 2022
Assets47.4234.6121.1020.32
Total Income45.2881.1780.5657.53
Profit After Tax4.818.225.134.20
NET Worth22.7030.3211.416.89
Reserves and Surplus11.3017.58
Total Borrowing11.2010.034.147.34
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets57.4352.4744.2544.17
Total Income14.8846.9751.0267.79
Profit After Tax1.404.731.733.42
NET Worth21.0319.6214.8913.16
Reserves and Surplus8.2917.0712.3510.62
Total Borrowing16.5817.6415.6210.17
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.5997.64
Promoter Shareholding (Post-Issue)72.7671.77
P/E Ratio18.0314.81
Market Cap₹198.77 Cr.₹95.27 Cr.
ROE23.6927.39
ROCE19.3222.57
Debt/Equity0.490.90
EPS₹7.21₹3.71
RoNW21.1824.09

Shares Offered

In the Delta Autocorp IPO Retail Individual Investors (RII) are offered 13,68,000 shares while in Technichem Organics IPO retail investors are offered 13,68,000 shares. Qualified Institutional Buyers (QIB) are offered 7,81,000 shares in Delta Autocorp IPO and 8,68,000 shares in Technichem Organics IPO.

 Delta Autocorp IPOTechnichem Organics IPO
Anchor Investor Reservation11,70,000 shares12,98,000 shares
Market Maker Reservation2,94,000 shares2,52,000 shares
QIB7,81,000 shares8,68,000 shares
NII5,87,000 shares6,52,000 shares
RII13,68,000 shares15,20,000 shares
Employee0 shares
Others
Total39,06,000 shares43,38,000 shares

Bids Received (Subscription)

Delta Autocorp IPO subscribed 239.62x in total, whereas Technichem Organics IPO subscribed 297.89x.

 Delta Autocorp IPOTechnichem Organics IPO
QIB (times)178.64x101.49x
NII (times)624.28x1,078.90x
Big NII (times)
Small NII (times)
RII (times)314.33x329.43x
Employee (times)
Other (times)
Total (times)239.62x297.89x

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