The Delta Autocorp IPO is schedul to open on January 7, 2025, and close on January 9, 2025. This is a Book Built Issue, with the company aiming to raise around ₹54.60 crores through the IPO. The offering consists of a fresh issue of ₹50.54 crores and an offer for sale of up to 3,12,000 equity shares, each with a face value of ₹10.
The price band for the IPO is set between ₹123 and ₹130 per share, with the following allocation breakdown:
- Retail Investors (RII): 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-worth Individuals (HNI): 15%
The IPO allotment date is January 10, 2025, and the company will be listed on the NSE on January 14, 2025.
Financial Performance
Delta Autocorp report a significant revenue growth, achieving ₹80.56 crores in FY 2023, up from ₹57.53 crores in FY 2022. Net profit also saw an increase, rising to ₹5.13 crores in FY 2023 compared to ₹4.20 crores in FY 2022.
About Delta Autocorp Limited IPO
Delta Autocorp Limited is an Indian company engage in the manufacturing and sale of electric two-wheelers (2W) and three-wheelers (3W).
Key Features:
- Product Focus:
- Electric Scooters (2W)
- Electric Rickshaws, Loaders, and Garbage Carts (3W)
- Brand Name: Markets its electric vehicles under the brand name “Deltic.”
- Focus on Innovation: The company emphasizes research and development to design and manufacture innovative and efficient electric vehicles.
Delta Autocorp Limited IPO Details
| Type | Date |
|---|---|
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹123 to ₹130 Per Share |
| Issue Size: | Approx ₹54.60 Crores |
| Fresh Issue: | Approx ₹50.54 Crores |
| Offer for Sale: | Approx 3,12,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Delta Autocorp Limited IPO Market Lot
The minimum market lot for the Delta Autocorp IPO consists of 1,000 shares, with an application amount of ₹1,30,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹1,30,000 |
| Retail Maximum | 1 | 1,000 | ₹1,30,000 |
| S-HNI Minimum | 2 | 2,000 | ₹2,60,000 |
Delta Autocorp Limited IPO Dates
The Delta Autocorp IPO is set to open for subscription on January 7, 2025, and will close on January 9, 2025. The IPO allotment will be finalized on January 10, 2025, with the company expected to list on the BSE and NSE on January 14, 2025.
| Category | Date |
|---|---|
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Basis of Allotment: | January 10, 2025 |
| Refunds: | January 13, 2025 |
| Credit to Demat Account: | January 13, 2025 |
| IPO Listing Date: | January 14, 2025 |
Promoters of Delta Autocorp Limited IPO
The promoters of Quadrant Future Tek are Mr. Ankit Agarwal, Mrs. Priyanka Agarwal, and Mr. Sanwarmall Agarwalla.
Delta Autocorp Limited IPO Company Financial Report
The company recorded a revenue of ₹80.56 crores in 2023, reflecting a growth from ₹57.53 crores in 2022. Its net profit also saw an improvement, rising to ₹5.13 crores in 2023 from ₹4.20 crores in 2022, showcasing a positive financial trajectory.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2021 | ₹16.74 | ₹16.19 | ₹0.42 | ₹7.90 |
| 2022 | ₹57.53 | ₹51.89 | ₹4.20 | ₹20.34 |
| 2023 | ₹80.56 | ₹73.69 | ₹5.13 | ₹21.09 |
Delta Autocorp Limited IPO Valuation – FY2023
| KPI | Values |
|---|---|
| ROE: | 56.10% |
| ROCE: | 49.28% |
| EBITDA Margin: | 9.74% |
| PAT Margin: | 6.41% |
| Debt to equity ratio: | 0.36 |
| Earning Per Share (EPS): | ₹342.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 44.98% |
| Net Asset Value (NAV): | ₹760.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Wardwizard Innovations & Mobility Limited | 0.52 | 109.62 | 13.27% | 3.88 | 321.63 Cr. |
Objects of the Issue
The proceeds from the IPO will be utilized for the following purposes:
- Establishment of an Electric Three-Wheeler Fabrication and Painting Plant
- Investment in New Product Development
- Funding for Working Capital Requirements
- General Corporate Purposes
Delta Autocorp Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: deltaauto.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Delta Autocorp Limited
Plot No 304 P,
Pithakiarypost-Rupnarayanpur,
Bardhaman, West Bengal, 713386
Phone: +91 8448223541
Email: compliance@deltic.co
Website: http://www.deltic.co/
FAQs on Delta Autocorp Limited
The price band for the Delta Autocorp IPO was ₹123 to ₹130 per share.
The IPO opened for subscription on January 7, 2025, and closed on January 9, 2025.
The allotment date for the Delta Autocorp IPO was January 10, 2025.
The shares of Delta Autocorp are expected to list on the NSE SME on January 14, 2025.
Delta Autocorp manufactures and sells electric two-wheelers (scooters) and three-wheelers (rickshaws, loaders, and garbage carts) under the brand name “Deltic.”
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute investment advice.
