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Delta Autocorp Limited

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.

Delta Autocorp Limited IPO & Charts
₹130

0%

Open

₹130

HIgh - Low

₹130

Previous Close

₹130

Total Traded Value

0

52 Weeks High

₹130

52 Weeks Low

₹130

Updates On

Jan 1, 2025

IPO. Open

Jan 7, 2026

IPO. Close

Jan 9, 2026

IPO. Price

₹130.00

IPO Market price

₹198.77 Cr

IPO Details

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 Timeline

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

IPO Reservation

Category Offer
QIB Shares Offered 19,51,000 Shares
NII (HNI) Shares Offered 5,87,000 Shares
Retail Shares Offered 13,68,000 Shares

IPO Lot Size

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) - - -
About Company

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.

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Company Financials (Consolidated)

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

Key Performance Indicator (KPI)

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 Objective

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) -

Contact Details

Delta Autocorp Ltd. Address
Plot No 304 P,
Pithakiarypost-Rupnarayanpur,
Bardhaman
Bardhaman, West Bengal, 713386
+91 8448223541
compliance@deltic.co
http://www.deltic.co/

Detail Registrar

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

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