Delta Autocorp IPO is set to open for subscription from January 7, 2025, to January 9, 2025. This book-built issue aims to raise ₹54.60 crores, combining a fresh issue of 38.88 lakh shares aggregating ₹50.54 crores and an offer for sale of 3.12 lakh shares amounting to ₹4.06 crores.
The IPO price band has been set at ₹123 to ₹130 per share, with a minimum lot size of 1,000 shares, translating to a retail investment of at least ₹1,30,000. The allotment date is scheduled for January 10, 2025, with the IPO listing on the NSE SME platform tentatively on January 14, 2025.
Overview of Contents
Delta Autocorp IPO Overview
| IPO Detail | Information |
|---|---|
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 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 (up to ₹54.60 Cr) |
| Fresh Issue | 38,88,000 shares (up to ₹50.54 Cr) |
| Offer for Sale | 3,12,000 shares of ₹10 (up to ₹4.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Pre-Issue Shareholding | 1,14,01,698 shares |
| Post-Issue Shareholding | 1,52,89,698 shares |
| Market Maker Portion | 2,94,000 shares |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
| Anchor Investors List | Click here |
Delta Autocorp IPO
| 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 IPO Lot Size
Delta Autocorp IPO provides investment opportunities for both retail and HNI (High Net-worth Individuals) investors. For retail investors, the minimum and maximum application size is the same, requiring 1 lot of 1,000 shares, which translates to an investment of ₹1,30,000. HNI investors, on the other hand, must apply for a minimum of 2 lots, equivalent to 2,000 shares, requiring an investment of ₹2,60,000. This structure ensures that both individual and institutional investors can participate according to their investment capacities.
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Delta Autocorp IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Delta Autocorp IPO Promoter Holding
The promoters of Delta Autocorp include Mr. Ankit Agarwal, Mrs. Priyanka Agarwal, and Mr. Sanwarmall Agarwalla. Prior to the issue, the promoters collectively hold 97.62% of the company. Post-issue, their shareholding will be diluted as a result of the public offering, increasing the overall number of shares outstanding. The exact post-issue shareholding will reflect the new allocation and dilution caused by the IPO.
| Shareholding Detail | Pre-Issue | Post-Issue |
|---|---|---|
| Promoter Holding | 97.62% | [To be updated] |
| Public Holding | [To be updated] | [To be updated] |
About Delta Autocorp IPO
Delta Autocorp Limited, established in 2016, specializes in manufacturing and selling electric 2-wheelers and 3-wheelers. Initially focusing on electric 3-wheelers, the company launched its first E-Rickshaw in 2017, offering a mileage of over 150 km. Expanding its product range in 2019, Delta Autocorp introduced affordable electric scooters for tier-2 and tier-3 towns. With over 250 dealers across 24 states and Union Territories, the company aims to become a global brand with cost-effective products and excellent service.
Their product lineup includes:
- Electric 2W scooters: Deltic Drixx, Deltic Trento
- Electric 3W rickshaws: Deltic Star, Deltic Vayu
- Electric 3W loaders and garbage carts
- Spare parts and accessories
Delta Autocorp’s R&D in Uttar Pradesh is focused on product innovation, with a team of 11 dedicated engineers. As of January 31, 2024, the company employs 141 staff members.
Competitive Strengths:
- Experienced Promoters and Management
- Customer-Centric Approach
- In-house R&D
- Strong Distribution Model
- Mass Premium Market Focus
- Quality Certifications
Delta Autocorp IPO Company Financial Report
The financial performance of Delta Autocorp for the past three years reflects significant growth across key metrics, including revenue, profit, and net worth. The company has shown consistent progress in expanding its operations, improving profitability, and maintaining a healthy balance sheet.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | ₹2,109.41 Lakhs | ₹2,033.71 Lakhs | ₹789.67 Lakhs |
| Revenue | ₹8,055.86 Lakhs | ₹5,753.41 Lakhs | ₹1,674.28 Lakhs |
| Profit After Tax | ₹513.13 Lakhs | ₹419.97 Lakhs | ₹42.08 Lakhs |
| Net Worth | ₹1,140.84 Lakhs | ₹688.46 Lakhs | ₹239.77 Lakhs |
| Total Borrowing | ₹413.6 Lakhs | ₹733.57 Lakhs | ₹303.65 Lakhs |
Delta Autocorp IPO Valuation – FY2023
Delta Autocorp has shown strong financial performance with a Return on Equity (ROE) of 56.10% and a Return on Capital Employed (ROCE) of 49.28%. The company maintains healthy profit margins, with a PAT Margin of 6.41%, and a solid Debt to Equity Ratio of 0.36. Its Earnings Per Share (EPS) stands at ₹342.09, and the Return on Net Worth (RoNW) is 44.98%. The Net Asset Value (NAV) is ₹760.56.
| KPI | Values |
|---|---|
| ROE | 56.10% |
| ROCE | 49.28% |
| EBITDA Margin | 9.74% |
| PAT Margin | 6.41% |
| Debt to Equity Ratio | 0.36 |
| Earnings Per Share (EPS) | ₹342.09 (Basic) |
| P/E Ratio | N/A |
| RoNW | 44.98% |
| NAV | ₹760.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Wardwizard Innovations & Mobility Limited | 0.52 | 109.62 | 13.27% | 3.88 | 321.63 Cr. |
Objects of the Issue
The objectives of the issue are to fund the setup of an electric three-wheeler fabrication and painting plant, invest in new product development, meet working capital requirements, cover general corporate purposes, and manage offer expenses.
Delta Autocorp IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: deltaauto.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
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/
Delta Autocorp IPO FAQs
What is Delta Autocorp IPO?
Delta Autocorp IPO is a book-built issue offering 42,00,000 shares, aggregating up to ₹54.60 crores, with a price band of ₹123 to ₹130 per share. The IPO opens on January 7, 2025, and closes on January 9, 2025.
What is the lot size for Delta Autocorp IPO?
The minimum lot size for retail investors is 1,000 shares, amounting to ₹1,30,000. HNI investors need to apply for at least 2 lots (2,000 shares), totaling ₹2,60,000.
What are the objectives of the Delta Autocorp IPO?
The funds will be used for setting up an electric three-wheeler fabrication and painting plant, investing in new product development, meeting working capital requirements, covering general corporate purposes, and managing offer expenses.
When will the Delta Autocorp IPO be listed?
The Delta Autocorp IPO is expected to list on the NSE SME on January 14, 2025.
What are the financial highlights of Delta Autocorp?
For the year ended March 31, 2023, Delta Autocorp reported a revenue of ₹8,055.86 lakhs and a profit after tax of ₹513.13 lakhs. Its net worth stood at ₹1,140.84 lakhs.
Who are the promoters of Delta Autocorp?
The promoters of Delta Autocorp are Mr. Ankit Agarwal, Mrs. Priyanka Agarwal, and Mr. Sanwarmall Agarwalla.
What is the price band for Delta Autocorp IPO?
The price band for Delta Autocorp IPO is ₹123 to ₹130 per share.