IPO Details
Bidding Dates
07 Jan 25 - 09 Jan 25
Price Range ₹
123 - 130
Total Equity
₹ 54.60Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
07 Jan 2025
Offer end
09 Jan 2025
Allotment
10 Jan 2025
Refund initiation
11 Jan 2025
Demat transfer
11 Jan 2025
Listing
14 Jan 2025
Offer start
07 Jan 2025
Offer end
09 Jan 2025
Allotment
10 Jan 2025
Refund initiation
11 Jan 2025
Demat transfer
11 Jan 2025
Listing
14 Jan 2025
About Company
Delta Autocorp Limited, founded in 2016, manufactures and sells electric 2-wheelers and 3-wheelers under the "Deltic" brand. The company initially focused on electric 3-wheelers and launched its first E-Rickshaw in 2017. In 2019, it expanded to electric 2-wheelers, offering affordable scooters for tier-2 and tier-3 towns. With over 300 dealers across 25 states, Delta aims to become a global brand offering cost-effective electric vehicles and excellent service. The company's product range includes electric scooters, 3-wheeler rickshaws, loaders, garbage carts, and spare parts. Delta invests in in-house R&D in Uttar Pradesh, focusing on customer-driven vehicle designs. As of October 31, 2024, the company employs 139 people. Key strengths include experienced management, a customer-focused approach, in-house innovation, a solid distribution network, and a diverse product range.
Year Founded
21-07-2023
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 97.59 | 70.73 |
| Share Capital | 11127028 | 10815028 |
Offer to Public
42,00,000.00 Cr
Project Details
- Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting - 44.166cr
- Funding of working capital requirement - 114.6cr
- Investment in New Product Development - 213.2cr
Objectives
- Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant
- Investment in New Product DevelopmentFunding of working capital requirementGeneral Corporate PurposesTo meet out the Offer Expenses.
Highlights
- A seasoned team of promoters and management driving strategic growth and operational excellence.
- Strong focus on understanding and fulfilling customer needs to build lasting relationships.
- Dedicated in-house research and development ensuring innovative and tailored product offerings.
- Adherence to rigorous quality standards and certifications, ensuring reliability and customer trust.
- A broad and diversified range of products catering to multiple segments and market needs.
Challenges
- Increasing competition in the EV sector could pressure pricing strategies and profitability.
- Dependence on third-party suppliers for key components may disrupt production schedules.
- Strict government policies and industry regulations create compliance challenges.
- Ensuring product quality is crucial, as issues or recalls could harm market reputation.
- Understanding these risks is vital for assessing the investment potential.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 3,452.77 | 30.82 | 695.68 | 695.68 | 6.1006 |
