SME · NSESubscribed: 342.20×GMP ₹105
Delta Autocorp Limited

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

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

21

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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

Total Issue42,00,000 shares₹54.60 Cr
Fresh Issue38,88,000 shares₹ 50.54 Cr
Offer for Sale3,12,000 shares₹4.06 Cr

Shareholding

Pre-Issue1,14,01,698
Post-Issue1,52,89,698

Dilution: 34.1% increase in shares

Delta Autocorp Limited IPO Financials Health

Delta Autocorp Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum110001,30,000
Retail Maximum110001,30,000
HNI Minimum220002,60,000

(All values in CR)

Delta Autocorp Limited IPO Valuation

MetricValue
DEBT/EQUITY0.36
EPS Post IPO3.36
EPS Pre IPO4.50
P/E Post IPO38.74
P/E Pre IPO28.89
PAT MARGIN6.41
PRICE TO BOOK VALUE0.24
ROCE188.68%
ROE56.10%
RONW44.98%

(All values in CR)

+Strengths

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.

!Risks

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 CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0011,70,00011,70,00015.21
HNI624.795,87,00036,67,49,0004
Market Maker1.002,94,0002,94,0003.82
QIB178.647,81,00013,95,16,0001
Retail314.3313,68,00043,00,04,0005
Total342.2027,36,00093,62,69,00012

Delta Autocorp Limited IPO GMP

+21+16.2%

Last updated 01 Jan, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
01 Jan, 2025130₹2116000₹151 (16.15%)-01 Jan, 2025
02 Jan, 2025130₹2116000₹151 (16.15%)-02 Jan, 2025
03 Jan, 2025130₹5038000₹180 (38.46%)-03 Jan, 2025
04 Jan, 2025130₹5541800₹185 (42.31%)-04 Jan, 2025
06 Jan, 2025130₹8564600₹215 (65.38%)-06 Jan, 2025
07 Jan, 2025130₹11083600₹240 (84.62%)-07 Jan, 2025
08 Jan, 2025130₹11688200₹246 (89.23%)-08 Jan, 2025
09 Jan, 2025130₹12595000₹255 (96.15%)-09 Jan, 2025
10 Jan, 2025130₹11587400₹245 (88.46%)-10 Jan, 2025
11 Jan, 2025130₹11587400₹245 (88.46%)-11 Jan, 2025
13 Jan, 2025130₹10579800₹235 (80.77%)-13 Jan, 2025
14 Jan, 2025130₹10579800₹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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2

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3

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4

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5

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