Allotment

The Delta Autocorp IPO was a book-built issue aggregating ₹54.60 crore, comprising a fresh issue of 0.39 crore equity shares amounting to ₹50.54 crore and an offer for sale (OFS) of 0.03 crore shares totaling ₹4.06 crore.
The IPO opened for subscription on January 7, 2025, and closed on January 9, 2025. The basis of allotment was finalized on January 10, 2025, and the shares were listed on the NSE SME on January 14, 2025.
The price band for the issue was fixed at ₹130 per share, with a lot size of 1,000 shares. Retail investors were required to invest a minimum of ₹1,30,000 (based on the upper price). High-net-worth individuals (HNIs) were required to apply for a minimum of 2 lots (2,000 shares), amounting to ₹2,60,000.
Key Participants
Book Running Lead Manager: GYR Capital Advisors Pvt. Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
Market Maker: Giriraj Stock Broking Pvt. Ltd.
₹1300%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| IPO Date | 14 Jan |
| IPO Listing Date | 14 Jan |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹130.00 |
| IPO Issue Size | 42,00,000 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,14,01,698 shares |
| IPO Open Date | 7 Jan |
| IPO Close Date | 9 Jan |
| IPO Allotment (Tentative) | 10 Jan |
| Refunds | 13 Jan |
| Credit to Demat Account | 13 Jan |
| IPO Listing Date | 14 Jan |
| Category | Offer |
|---|---|
| QIB Shares Offered | 19,51,000 Shares |
| NII (HNI) Shares Offered | 5,87,000 Shares |
| Retail Shares Offered | 13,68,000 Shares |
Investors can apply for a minimum of 1,000 shares and thereafter in multiples of 1,000 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| S-HNI (Min) | 2 | 2,000 | ₹2,60,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Delta Autocorp Limited was originally incorporated as Delta Autocorp LLP on May 20, 2016, with the Registrar of Companies, Kolkata. The entity was subsequently converted into Delta Autocorp Private Limited on July 21, 2023, and later into a public limited company under the name Delta Autocorp Limited, with a fresh Certificate of Incorporation issued on May 8, 2024. The company was founded by its promoter, Mr. Ankit Agarwal, with a vision to develop innovative electric mobility solutions.
The company began its journey by developing electric three-wheeler (E-3W) prototypes, achieving a major milestone in 2017 with the launch of its first e-rickshaw, offering a mileage of over 150 km. Continuous advancements by its R&D team led to significant product improvements, including enhanced aerodynamics for better performance on hilly terrains, improved torque, durability through stronger metallurgy, and increased gradability of 7–10 degrees. These innovations enabled the company to effectively address evolving market requirements.
Delta Autocorp expanded into the electric two-wheeler (E-2W) segment with prototype development in 2018 and launched its first electric scooter in 2019. The company introduced well-designed scooters suited for Indian road conditions, featuring high ground clearance, spacious footboards, and ergonomic seating at affordable price points. It has consistently refreshed its product lineup, launching the Drixx electric scooter in 2020, facelifted e-rickshaw models in 2021, a new scooter model in 2022, and two high-speed scooter models in 2023. The company is also transitioning from Nickel-Manganese-Cobalt (NMC) batteries to Lithium Ferro Phosphate (LFP) batteries to enhance safety, longevity, and cost efficiency.
The company’s core business involves the manufacturing and sale of electric two- and three-wheelers, using advanced components sourced from reputed OEM suppliers and customized to its design and engineering specifications. In January 2025, Delta Autocorp raised ₹54.60 crore through its IPO by issuing 42.00 lakh equity shares, comprising a fresh issue of 38.88 lakh shares and an offer for sale of 3.12 lakh shares. In FY 2025, the company also opened its first Company-Owned, Company-Operated (COCO) outlet in Mihijam, Jharkhand, marking a significant step toward strengthening its direct retail presence.
| Assets | 47.42 | 34.61 | 21.1 |
| Total Income | 45.28 | 81.17 | 80.56 |
| Profit After Tax | 4.81 | 8.22 | 5.13 |
| EBITDA | - | - | - |
| NET Worth | 22.7 | 30.32 | 11.41 |
| Reserves and Surplus | 11.3 | 17.58 | - |
| Total Borrowing | 11.2 | 10.03 | 4.14 |
| ROE | 23.69% |
| ROCE | 19.32% |
| Debt/Equity | 0.49 |
| RoNW | 21.18% |
| PAT Margin | 10.64% |
| EBITDA Margin | - |
| Price to Book Value | 6.53 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 11.46 |
| 3 | To meet out the General Corporate Purposes; | 9.35 |
| 4 | Offer for Sale (OFS) | - |
Delta Autocorp Ltd. Address
Plot No 304 P,
Pithakiarypost-Rupnarayanpur,
Bardhaman
Bardhaman, West Bengal, 713386
+91 8448223541
compliance@deltic.co
http://www.deltic.co/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
deltaauto.smeipo@linkintime.co.in
https://linkintime.co.in/Initial_Offer/public-issues.html