Delta Autocorp SME: Check IPO Date, Live Subscription and Key Details
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. As of 31 January 2024, the company has 141 employees.
Price Range
₹123.0 - ₹130.0
Issue Size
₹54.6 Cr
Lot Size
1,000 shares
IPO Type
NSE SME
GMP
₹105(+80.77%)
Est. Listing Price
₹235
Estimate Profit
₹2,10,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
5.39
P/E Ratio
24.11
RoNW
21.18%
ROE
23.69%
Debt to Equity
0.49
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Timeline
IPO Opens
7 Jan
IPO Closes
9 Jan
Allotment
10 Jan
Listing
14 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 7 January 2025 | Subscription starts |
| IPO Close Date | 9 January 2025 | Subscription ends |
| Allotment Date | 10 January 2025 | Allotment |
| Listing Date | 14 January 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,60,000 |
SHNI (Min) | 3 | ₹3,90,000 |
SHNI (Max) | 7 | ₹9,10,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,40,000 |
IPO Objectives
- Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant.
- Investment in New Product Development.
- Funding of working capital requirement.
- General Corporate Purposes
- To meet out the Offer Expenses
Strengths
- Extensive dealer network spanning 300+ dealers across 25 states and Union Territories.
- In-house R&D team ensures customer-centric and innovative electric vehicle designs.
- Affordable, durable EVs cater to tier-2 and tier-3 town customers.
- Diverse product range includes 2W scooters, 3W rickshaws, loaders, and garbage carts.
- Experienced promoters and management drive strategic growth and operational excellence
Weaknesses
- Limited brand recognition compared to established players in the electric vehicle industry.
- Dependence on B2B sales reduces exposure to direct consumer markets.
- Smaller workforce could challenge rapid expansion or scaling operations.
- High competition from both domestic and international electric vehicle manufacturers.
- Focused primarily on the mass premium segment, limiting presence in luxury or high-end markets.
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Financial Performance
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 47.42 | 34.61 | 21.1 | 20.31 |
| Revenue (₹ Cr.) | 45.27 | 81.16 | 80.55 | 57.53 |
| PAT (₹ Cr.) | 4.8 | 8.22 | 5.13 | 4.2 |
| Net Worth (₹ Cr.) | 22.7 | 30.31 | 11.41 | 6.88 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Delta Autocorp Limited | 6.84 | 24.11 | 21.18% | 22.7 |
| Wardwizard Innovations | 12.33 | 72.8 | 13.79% | 101 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.78x | 2.71x | 178.64x |
| NII | 8.39x | 39.76x | 624.28x |
| RII | 23.59x | 98.49x | 314.33x |
| Total | 13.81x | 58.55x | 342.1x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 7,81,000 | 13,95,16,000 | 1,813.71 |
| NII | 5,87,000 | 36,64,55,000 | 4,763.92 |
| RII | 13,68,000 | 43,00,04,000 | 5,590.05 |
| Total | 27,36,000 | 93,59,75,000 | 12,167.68 |
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Company Details
- Delta Autocorp Limited
- Plot No 304 P, Pithakiarypost-Rupnarayanpur, Bardhaman, West Bengal, 713386
- +91 8448223541
- compliance@deltic.co
- http://www.deltic.co/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- deltaauto.ipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html
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