Delta Autocorp Limited IPO

Minimum Investment

Minimum Investment (Retail)Lots (min)Shares (QTY)
₹1,30,00011000

About Delta Autocorp Limited

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.

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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:

  • Electric 2W scooters: Deltic Drixx, Deltic Trento
  • Electric 3W rickshaws: Deltic Star, Deltic Vayu
  • Electric 3W loaders
  • Electric 3W garbage carts
  • Spare parts and accessories for 2W and 3W vehicles: 3W Controller, 3W Motor

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.

Delta Autocorp Limited IPO Details

IPO DateJanuary 7, 2025 to January 9, 2025
Face Value₹10 per share
Price Band₹123 to ₹130 per share
Lot Size1,000 Shares
Total Issue Size42,00,000 shares
(aggregating up to ₹54.60 Cr)
Fresh Issue38,88,000 shares
(aggregating up to ₹ 50.54 Cr)
Offer for Sale3,12,000 shares of ₹10
(aggregating up to ₹4.06 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share Holding Pre Issue1,14,01,698 shares
Share Holding Post Issue1,52,89,698 shares
IPO Open DateTuesday, January 7, 2025
IPO Close DateThursday, January 9, 2025
Basis of AllotmentFriday, January 10, 2025
Initiation of RefundsMonday, January 13, 2025
Credit of Shares to DematMonday, January 13, 2025
Listing DateTuesday, January 14, 2025
Cut-off time for UPI mandate confirmation5 PM on January 9, 2025

Delta Autocorp Limited IPO Prospectus

Delta Autocorp Limited Financial Snapshot (in Lakhs)

Period Ended31 Oct 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,742.313,461.352,110.042,031.61
Revenue4,527.538,116.738,055.865,753.41
Profit After Tax480.81822513.41420.34
Net Worth2,270.113,031.911,141.48688.82
Reserves and Surplus1,129.931,758.47
Total Borrowing1,120.311,003.3413.6733.57

Delta Autocorp Limited Promoters Holding

Mr. Ankit Agarwal, Mrs. Priyanka Agarwal and Mr. Sanwarmall Agarwalla

Delta Autocorp Limited Contact Details

Delta Autocorp Limited
Plot No 304 P,
Pithakiarypost-Rupnarayanpur,
Bardhaman, West Bengal, 713386
Phone: +91 8448223541
Email: compliance@deltic.co
Websitehttp://www.deltic.co/

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