Delta Autocorp SME IPO
ListedNSE SMEOpens 7 January 2025Closes 9 January 2025
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
7 Jan 2025
IPO Closes
9 Jan 2025
Allotment
10 Jan 2025
Listing
14 Jan 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 7 January 2025 |
| IPO Close Date | 9 January 2025 |
| Allotment Date | 10 January 2025 |
| Listing Date | 14 January 2025 |
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.
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 |
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
Frequently Asked Questions
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Sources
We match Delta Autocorp SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Link Intime India Private LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.