
Delta Autocorp Limited
Delta Autocorp Limited(DELTIC)
Total Shares
42,00,000
Issue Size
₹54.60 Cr
Price Band
₹123 – ₹130
Lot Size
1000 shares
Min. Investment
₹1,30,000
Max. Investment
₹1,30,000
Open Date
07 Jan, 2025
Close Date
09 Jan, 2025
Allotment
10 Jan, 2025
Listing
14 Jan, 2025
Max. Investment
₹1,30,000
Announced
07 Jan, 2025
Opening Date
07 Jan, 2025
Closing Date
09 Jan, 2025
Basis of Allotment
10 Jan, 2025
Initiation of Refunds
13 Jan, 2025
Credit of Shares
13 Jan, 2025
Listing Date
14 Jan, 2025
Live GMP
Est. Listing: ₹151
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About Delta Autocorp Limited IPO
Incorporated in 2016, Delta Autocorp Limited is engaged in the business of manufacturing and selling of 2-wheelers & 3-wheelers EVs.
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 e
Delta Autocorp Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 34.1% increase in shares
Delta Autocorp Limited IPO Financials Health
Delta Autocorp Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,30,000 |
| Retail Maximum | 1 | 1000 | ₹1,30,000 |
| HNI Minimum | 2 | 2000 | ₹2,60,000 |
(All values in CR)
Delta Autocorp Limited IPO Valuation
| Metric | Value |
|---|---|
| DEBT/EQUITY | 0.36 |
| EPS Post IPO | 3.36 |
| EPS Pre IPO | 4.50 |
| P/E Post IPO | 38.74 |
| P/E Pre IPO | 28.89 |
| PAT MARGIN | 6.41 |
| PRICE TO BOOK VALUE | 0.24 |
| ROCE | 188.68% |
| ROE | 56.10% |
| RONW | 44.98% |
(All values in CR)
1. Experienced Promoters and Management Team.
2. Customer Centric Approach.
3. In house Research and Development of Products.
4. Cracking the distribution model.
5. Tapping into the mass premium segment.
6. Quality Standard Certifications & Quality Test.
7. Diversified product range.
1. If our electric vehicles contain defects, do not perform as per industry standards and/or fail to meet the performance levels advertised, our brand and reputation and our ability to develop, market and sell our electric vehicles could be adversely impacted, and we may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against us.
2. Our success depends on our ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose us to new and increased challenges and risks.
3. We are dependent on our dealers for sale of our product. Loss of any or all such dealer may have an adverse impact on our business, results of operations and financial conditions.
4. Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect our business operations.
5. Our business is dependent on our distribution network. An inability to expand or effectively manage our distributor network, or any disruptions in our distribution network may have an adverse effect on our business, results of operations, financial condition and cash flows.
6. We are dependent on third parties for our logistics and transportation needs. Any disruptions in the same may adversely affect our operations, business, cash flows and financial conditions.
7. Our Registered Office, Corporate Office and Manufacturing units from where we operate is not owned by us.
8. We may not be able to compete successfully in the highly competitive and fast evolving automotive market.
9. Our operations could be adversely affected by strikes, work stoppages or increased wage demands by our employees or any other kind of disputes with our employees.
10. If there are changes in government regulations and we are unable to meet the new requirements, it could negatively affect our business and operations.
Delta Autocorp Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 11,70,000 | 11,70,000 | 15.21 |
| HNI | 624.79 | 5,87,000 | 36,67,49,000 | 4 |
| Market Maker | 1.00 | 2,94,000 | 2,94,000 | 3.82 |
| QIB | 178.64 | 7,81,000 | 13,95,16,000 | 1 |
| Retail | 314.33 | 13,68,000 | 43,00,04,000 | 5 |
| Total | 342.20 | 27,36,000 | 93,62,69,000 | 12 |
Delta Autocorp Limited IPO GMP
Last updated 01 Jan, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Jan, 2025 | 130 | ₹21 | 16000 | ₹151 (16.15%) | - | 01 Jan, 2025 |
| 02 Jan, 2025 | 130 | ₹21▼ | 16000 | ₹151 (16.15%) | - | 02 Jan, 2025 |
| 03 Jan, 2025 | 130 | ₹50▼ | 38000 | ₹180 (38.46%) | - | 03 Jan, 2025 |
| 04 Jan, 2025 | 130 | ₹55▼ | 41800 | ₹185 (42.31%) | - | 04 Jan, 2025 |
| 06 Jan, 2025 | 130 | ₹85▼ | 64600 | ₹215 (65.38%) | - | 06 Jan, 2025 |
| 07 Jan, 2025 | 130 | ₹110▼ | 83600 | ₹240 (84.62%) | - | 07 Jan, 2025 |
| 08 Jan, 2025 | 130 | ₹116▼ | 88200 | ₹246 (89.23%) | - | 08 Jan, 2025 |
| 09 Jan, 2025 | 130 | ₹125▲ | 95000 | ₹255 (96.15%) | - | 09 Jan, 2025 |
| 10 Jan, 2025 | 130 | ₹115 | 87400 | ₹245 (88.46%) | - | 10 Jan, 2025 |
| 11 Jan, 2025 | 130 | ₹115▲ | 87400 | ₹245 (88.46%) | - | 11 Jan, 2025 |
| 13 Jan, 2025 | 130 | ₹105 | 79800 | ₹235 (80.77%) | - | 13 Jan, 2025 |
| 14 Jan, 2025 | 130 | ₹105 | 79800 | ₹235 (80.77%) | - | 14 Jan, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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