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Delta Autocorp IPO is a book build issue of ₹54.60 crores. The issue is a combination of fresh issue of 0.39 crore shares aggregating to ₹50.54 crores and offer for sale of 0.03 crore shares aggregating to ₹4.06 crores.
Delta Autocorp IPO bidding started from Jan 7, 2025 and ended on Jan 9, 2025. The allotment for Delta Autocorp IPO was finalized on Jan 10, 2025. The shares got listed on NSE SME on Jan 14, 2025.
Delta Autocorp IPO price band is set at ₹130.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,30,000 (1000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,60,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Delta Autocorp IPO RHP for detailed Information.
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹123 to ₹130 per share |
| Issue Price Final | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 42,00,000 shares (aggregating up to ₹54.60 Cr) |
| Reserved for Market Maker | 2,94,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹3.82 Cr) |
| Fresh Issue (Ex Market Maker) | 35,94,000 shares (aggregating up to ₹46.72 Cr) |
| Offer for Sale | 3,12,000 shares of ₹10 (aggregating up to ₹4.06 Cr) |
| Net Offered to Public | 39,06,000 shares (aggregating up to ₹50.78 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 offers total 42,00,000 shares. Out of which 19,51,000 (46.45%) allocated to QIB, 7,81,000 (18.60%) allocated to QIB (Ex- Anchor), 5,87,000 (13.98%) allocated to NII, 13,68,000 (32.57%) allocated to RII and 11,70,000 (27.86%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,94,000 (7.00%) |
| QIB Shares Offered | 19,51,000 (46.45%) |
| − Anchor Investor Shares Offered | 11,70,000 (27.86%) |
| − QIB (Ex. Anchor) Shares Offered | 7,81,000 (18.60%) |
| NII (HNI) Shares Offered | 5,87,000 (13.98%) |
| Retail Shares Offered | 13,68,000 (32.57%) |
| Total Shares Offered | 42,00,000 (100.00%) |
Delta Autocorp IPO raises ₹15.21 crore from anchor investors. Delta Autocorp IPO Anchor bid date is January 6, 2025. Delta Autocorp IPO Anchor Investors list
| Bid Date | January 6, 2025 |
| Shares Offered | 11,70,000 |
| Anchor Portion Size (In Cr.) | 15.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 9, 2025 |
Delta Autocorp IPO opens on January 7, 2025, and closes on January 9, 2025.
| 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 Thu, Jan 9, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2016, Delta Autocorp Limited is engaged in the business of manufacturing and selling of 2-wheelers & 3-wheelers EVs.
The Company operates under the brand name "Deltic”. Initially concentrating on developing electric 3-wheelers prototypes, they marked a significant milestone in 2017 with the launch of their first E-Rickshaw, boasting an impressive mileage of over 150 Km.
After analysing market trends and changing customer preferences, the company expanded its product range to electric 2W vehicles. In 2018, prototype development began, and in 2019, the company launched affordable, durable scooters for tier-2 and tier-3 towns.
The company operates through a network of over 300 dealers across 25 states and Union Territories, focusing on B2B transactions. The goal is to become a global brand with cost-effective, practical products and excellent service.
Their Products:
The company focuses on in-house product innovation through its R&D department in Uttar Pradesh, with 11 employees dedicated to designing electric vehicles based on customer needs and preferences.
As of 31 October 2024, the company has 139 employees.
Competitive Strength:
| 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 |
| Total Income | 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Delta Autocorp IPO is ₹198.77 Cr.
KPI as of Fri, Mar 31, 2023.
| KPI | Values |
|---|---|
| ROE | 23.69% |
| ROCE | 19.32% |
| Debt/Equity | 0.49 |
| RoNW | 21.18% |
| PAT Margin | 10.64% |
| Price to Book Value | 6.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.21 | 5.39 |
| P/E (x) | 18.03 | 24.11 |
The finances are segregated for the period from 1st April 2024 to 31st October 2024, and for the period from 21st July 2023 to 31st March 2024. As these are not annualized, the KPIs have been updated based on the latest financial period from 1st April 2024 to 31st October 2024.
The objects of the Offer are:
[Dilip Davda] The company is one of the emerging E-2W and E-3W vehicles with PAN India presence. It posted static top lines for F23 and FY24, but marked boosted profits for FY24. The company is marketing its products under the brand name of “Deltic”. Based on its recent financial performance, the issue appears fully priced. Borrowings of Rs. 11.20 cr. as of October 31, 2024, raise concern. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | January 14, 2025 |
| BSE Script Code | |
| NSE Symbol | DELTIC |
| ISIN | INE0XRN01019 |
| Final Issue Price | ₹130 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹175.00 |
| Low | ₹166.25 |
| High | ₹183.75 |
| Last Trade | ₹167.25 |
Delta Autocorp Ltd.
Plot No 304 P,
Pithakiarypost-Rupnarayanpur,
Bardhaman
Bardhaman, West Bengal, 713386
Phone: +91 8448223541
Email: compliance@deltic.co
Website: http://www.deltic.co/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: deltaauto.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Delta Autocorp IPO is a SME IPO of 42,00,000 equity shares of the face value of ₹10 aggregating up to ₹54.60 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on January 7, 2025, and closes on January 9, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Delta Autocorp IPO using UPI as a payment gateway. Zerodha customers can apply in Delta Autocorp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Delta Autocorp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Delta Autocorp IPO opens on January 7, 2025 and closes on January 9, 2025.
Delta Autocorp IPO lot size is 1000, and the minimum amount required for application is ₹1,30,000.
You can apply in Delta Autocorp IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Delta Autocorp IPO will be done on Friday, January 10, 2025, and the allotted shares will be credited to your demat account by Monday, January 13, 2025. Check the Delta Autocorp IPO allotment status.
The Delta Autocorp IPO listing date is on Tuesday, January 14, 2025.
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