Minimum Investment
| Minimum Investment (Retail) | Lots (min) | Shares (QTY) |
| ₹1,30,000 | 1 | 1000 |
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 Date | January 7, 2025 to January 9, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹130 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 42,00,000 shares (aggregating up to ₹54.60 Cr) |
| Fresh Issue | 38,88,000 shares (aggregating up to ₹ 50.54 Cr) |
| Offer for Sale | 3,12,000 shares of ₹10 (aggregating up to ₹4.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,14,01,698 shares |
| Share Holding Post Issue | 1,52,89,698 shares |
| IPO Open Date | Tuesday, January 7, 2025 |
| IPO Close Date | Thursday, January 9, 2025 |
| Basis of Allotment | Friday, January 10, 2025 |
| Initiation of Refunds | Monday, January 13, 2025 |
| Credit of Shares to Demat | Monday, January 13, 2025 |
| Listing Date | Tuesday, January 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
Delta Autocorp Limited IPO Prospectus
Delta Autocorp Limited Financial Snapshot (in Lakhs)
| 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 |
| Revenue | 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 |
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
Website: http://www.deltic.co/