Delta Autocorp IPO
- IPO Date07 Jan, 2025 to 09 Jan, 2025
- Listing Date14 Jan, 2025
- Face Value₹10 per share
- Issue Price₹123 to ₹130 per share
- Lot Size1000 Shares
- Minimum Investment₹1,30,000
- Listing AtNSE SME
- 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
(aggregating up to ₹4.06 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,14,01,698
- Shareholding post issue1,52,89,698
IPO Dates
Closing Date
09 Jan, 2025
Initiation of Refunds
13 Jan, 2025
Listing Date
14 Jan, 2025
07 Jan, 2025
Opening Date
10 Jan, 2025
Basis of Allotment
13 Jan, 2025
Credit of Shares
Delta Autocorp Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1000 | ₹1,30,000 |
| S-HNI (Min) | 2 | 2000 | ₹2,60,000 |
| Retail (Min) | 1 | 1000 | ₹1,30,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
Delta Autocorp Promoter Holding
Mr. Ankit Agarwal, Mrs. Priyanka Agarwal and Mr. Sanwarmall Agarwalla are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.59% | - |
Delta Autocorp COMPANY INFORMATION
Delta Autocorp IPO is a book built issue of Rs 54.60 crores. The issue is a combination of fresh issue of 38.88 lakh shares aggregating to Rs 50.54 crores and offer for sale of 3.12 lakh shares aggregating to Rs 4.06 crores. Delta Autocorp IPO opens for subscription on January 7, 2025 and closes on January 9, 2025. The allotment for the Delta Autocorp IPO is expected to be finalized on Friday, January 10, 2025. Delta Autocorp IPO will list on NSE SME with tentative listing date fixed as Tuesday, January 14, 2025. Delta Autocorp IPO price band is set at ₹123 to ₹130 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,30,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,60,000. GYR Capital Advisors Private Limited is the book running lead manager of the Delta Autocorp IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Delta Autocorp IPO is Giriraj Stock Broking Private Limited.
Incorporated in 2016, Delta Autocorp 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.
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.
Competitive Strength:
- Experienced Promoters and Management Team
- Customer Centric Approach
- In house Research and Development of Products
- Cracking the distribution model
- Tapping into the mass premium segment
- Quality Standard Certifications & Quality Tests
- Diversified product range
FAQs About Delta Autocorp Ipo
Delta Autocorp IPO will open on 07 Jan, 2025 and close on 09 Jan, 2025. Investors must apply within this period to participate.
The Delta Autocorp IPO price band is set between ₹123.00 and ₹130.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹130000.00.
The Delta Autocorp IPO shares are expected to be listed on 14 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Delta Autocorp IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Delta Autocorp IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.