Delta Autocorp IPO: Fresh issue of 38.88 lakh shares worth ₹50.54 Cr and OFS of 3.12 lakh shares worth ₹4.06 Cr. Funds for EV plant, R&D, working capital, and corporate needs.
Open Date : January 7, 2025 Close Date : January 9, 2025 Allotment Date: January 10, 2025 Listing Date: January 14, 2025
IPO Price: INR 123-130 per share Lot Size: 1000 Shares Total Issue Size: INR 24.74 crores
Delta Autocorp Ltd IPO shows mixed performance: 1. Profitability: Demonstrates profitability. 2. Equity Growth: Shows equity growth. 3. Revenue Expansion: Faces challenges in revenue growth. 4. Leverage: Rising leverage.
Delta Autocorp Ltd IPO Comparison: 1. Delta: ₹4,527.53L income, 21.18% RoNW, ₹4.22 EPS. 2. Wardwizard: ₹32,162.68L income, 13.79% RoNW, ₹0.52 EPS. 3. Comparison: Delta excels in RoNW and EPS.
Delta Autocorp Ltd IPO Objective: 1. Plant: Set up EV fabrication and painting unit. 2. R&D: Invest in new products. 3. Growth: Support working capital needs.
Delta Autocorp Ltd IPO Risks: 1. Defects: EV flaws risk revenue,Development: New vehicle challenges. 2. Competition: Intense rivalry,Delays: Risk of setbacks. 3. Tech: Obsolescence threat. 4. Dealers: Reliance on 300+.