Delta Autocorp Limited

Delta Autocorp Limited

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹123 - ₹130

Total Issue

₹54.60 Cr

Bid Dates

07 Jan - 09 Jan

Subscription

342.21x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

The company manufactures and sells electric two-wheelers (2W) and three-wheelers (3W) under the brand name "Deltic." It specializes in the production of EVs using cutting-edge components sourced from reputed Original Equipment Manufacturers (OEMs), based on the company’s own design and engineering specifications. Additionally, the company supplies specific components that are custom-designed and fully compatible with its range of vehicles.

Lot Info

Lot Information for Delta Autocorp IPO
Category Lots Shares Amount
Individual (Min) 1 1,000 ₹1,30,000
Individual (Max) 1 1,000 ₹1,30,000
S-HNI (Min) 2 2,000 ₹2,60,000
S-HNI (Max) 7 7,000 ₹9,10,000
B-HNI (Min) 8 8,000 ₹10,40,000
Market Maker
2.94L EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹54.60 Cr
Fresh Issue
₹50.54 Cr (0.39 Cr Shares)
Offer For Sale
₹4.06 Cr (0.03 Cr Shares)

Objects of Issue

  1. Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant
  2. Investment in New Product Development
  3. Funding of working capital requirement
  4. General Corporate Purposes
  5. To meet the Offer Expenses

Grey Market Premium

GMP ₹0
Est. Price ₹130
Est. Gain 0.00%

Delta Autocorp IPO Peer Comparison

(Rs. in crores)

Delta Autocorp IPO Peer Comparison Table
Particulars Delta Autocorp Wardwizard Innovations & Mobility
Total Income (in Crs.) 45.28 321.63
EPS - Basic 4.22 0.52
NAV per share 19.91 3.88
RONW 21.18% 13.79%
Price to earning (PE) 11.03 72.80
  • Peer the information pertains to FY 2023-24, company information pertains to 31st Oct, 2024
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 20, 2024 for the Peer

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Delta Autocorp IPO
Particulars Oct-24 Jul-23 to Mar-24 Jul-23 Mar-23 Mar-22
Revenue from Operations 45.18 63.07 17.74 80.02 57.13
Profit after Tax 4.81 6.96 1.26 5.13 4.20
Net Worth 22.70 17.89 12.43 11.41 6.89
Total Borrowing 11.20 5.36 4.67 4.14 7.34
Total Assets 47.42 34.61 24.76 21.10 20.32
NAV per share (in ₹) 19.91 15.69 22.39 20.57 12.41
EPS - Basic (in ₹) 4.22 9.51 2.28 9.25 7.57

KPIs

EBITDA

9.74%

PAT

6.42%

ROE

56.10%

ROCE

49.30%

Debt to Equity

0.36

PE Ratio

11.03

PB Ratio

8.29

Mkt Cap (in Crs.)

198.77

  • All Ratios are based on Mar 23 data
  • PE & PB Ratio are based on Mar 24 data

Shareholding

Promoter

7.50%

Public

92.50%

Ankit Agarwal 79.65%
Priyanka Agarwal 10.44%

Management

Ankit Agarwal Chairman & MD
Priyanka Agarwal WTD & CFO

Registrar & Lead Managers

Registrar

Link Intime

Link Intime

Lead Managers (1)

GYR Capital GYR Capital

Subscription Status

Updated as on 09-Jan-2025 19:00:57 hrs

Category Sub (x) Offered Bids
QIB 178.64x 7,81,000 13,95,16,000
NII 624.79x 5,87,000 36,67,49,000
Individual Investor 314.34x 13,68,000 43,00,13,000
Total 342.21x 27,36,000 93,62,78,000

Frequently Asked Questions

What is Delta Autocorp IPO?
Delta Autocorp IPO is a SME IPO having an issue size of ₹54.60 Crs. Delta Autocorp IPO is priced at ₹123 - ₹130 per share. The issue opens on 07 Jan 25 and closes on 09 Jan 25.
When will Delta Autocorp IPO open?
Delta Autocorp IPO opens on 07 Jan 25 and closes on 09 Jan 25.
What is the GMP of Delta Autocorp IPO?
The estimated Grey Market Premium of Delta Autocorp IPO is ₹0 per share (0.00%).
What is the lot size of Delta Autocorp IPO?
The minimum lot size of Delta Autocorp IPO is 1000 shares & the minimum application amount is Rs. 130000.
When is the allotment of Delta Autocorp IPO?
The allotment date of Delta Autocorp IPO is 10 Jan 25.
What is the listing date of Delta Autocorp IPO?
The listing date of Delta Autocorp IPO is 14 Jan 25.
What is the subscription of Delta Autocorp IPO?
Delta Autocorp IPO is subscribed 342.21 times.
What is the price band of Delta Autocorp IPO?
Delta Autocorp IPO is priced at ₹123 - ₹130 per share.
How to check allotment status of Delta Autocorp IPO?
Click the allotment link on Delta Autocorp IPO page of IPO360.
How to apply Delta Autocorp IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Delta Autocorp IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Delta Autocorp IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Delta Autocorp IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date