- IPO Size: ₹54.60 crore, including fresh issues and offers for sale.
- Price Band: ₹123-₹130 per share with a lot size of 1,000 shares.
- Listing Platform: NSE SME.
- Anchor Investment: ₹15.21 crore raised with a lock-in period.
- Key Dates:
- IPO opens: January 7, 2025
- IPO closes: January 9, 2025
- Listing date: January 14, 2025
Delta Autocorp Limited, a key player in the electric vehicle (EV) manufacturing industry, has launched its initial public offering (IPO) to raise ₹54.60 crores. The IPO, which includes a combination of fresh equity and an offer for sale, is open for subscription from January 7, 2025, to January 9, 2025. The company plans to list its shares on the NSE SME platform, with a tentative listing date set for January 14, 2025.
Here are the details:
| IPO Details | Particulars |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Price Band | ₹123 to ₹130 per share |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1,000 shares |
| Total Issue Size | 42,00,000 shares (₹54.60 crores) |
| Fresh Issue | 38,88,000 shares (₹50.54 crores) |
| Offer for Sale | 3,12,000 shares (₹4.06 crores) |
| Listing Exchange | NSE SME |
| Market Maker | Giriraj Stock Broking Private Limited |
IPO Timeline
The tentative timeline for the Delta Autocorp IPO is as follows:
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat | January 13, 2025 |
| Listing Date | January 14, 2025 |
The IPO’s allotment will be finalized on January 10, 2025, and refunds will be initiated on January 13, 2025. Shares will be credited to Demat accounts on the same day.
Reservation Details
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Retail Investors (RII) | 13,68,000 | 32.57% |
| Qualified Institutions (QIB) | 7,81,000 | 18.6% |
| Non-Institutional (NII) | 5,87,000 | 13.98% |
| Anchor Investors | 11,70,000 | 27.86% |
| Market Maker Portion | 2,94,000 | 7% |
| Total Shares | 42,00,000 | 100% |
Anchor investors have contributed ₹15.21 crore, and their shares are subject to a lock-in period, with 50% unlocking on February 9, 2025, and the rest by April 10, 2025.
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Anchor Investors Details
The IPO raised ₹15.21 crore from anchor investors. Details are as follows:
| Event | Details |
|---|---|
| Anchor Bid Date | January 6, 2025 |
| Anchor Shares Offered | 11,70,000 |
| Anchor Portion Size (₹ Cr.) | 15.21 |
| Lock-In Period End Date (50% Shares) | February 9, 2025 |
| Lock-In Period End Date (Remaining 50%) | April 10, 2025 |
About Delta Autocorp Limited
Founded in 2016, Delta Autocorp Limited operates under the brand name “Deltic” and specializes in manufacturing and selling electric 2-wheelers (2W) and 3-wheelers (3W). The company has a strong distribution network of over 300 dealers across 25 states and Union Territories, focusing on affordable, durable, and innovative products for tier-2 and tier-3 markets.
Product Range
- Electric 2W Scooters: Deltic Drixx, Deltic Trento
- Electric 3W Rickshaws: Deltic Star, Deltic Vayu
- Electric Loaders and Garbage Carts
- Spare Parts & Accessories for 2W and 3W EVs
Delta Autocorp Financials (₹ Lakhs)
| Metrics | 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 (PAT) | 480.81 | 822 | 513.41 | 420.34 |
| Net Worth | 2,270.11 | 3,031.91 | 1,141.48 | 688.82 |
| Reserves & Surplus | 1,129.93 | 1,758.47 | – | – |
| Total Borrowing | 1,120.31 | 1,003.30 | 413.60 | 733.57 |
Competitive Strengths
- Adherence to Quality Standards through certifications and rigorous testing.
- Experienced Promoters with deep industry knowledge.
- Customer-Centric Approach, focusing on B2B solutions.
- Innovative R&D Department with 11 dedicated employees.
- Wide Distribution Network with over 300 dealers.
- Diversified Product Portfolio catering to evolving market needs.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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