Delta Autocorp Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Delta Autocorp Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹130
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,30,000
Issue Size
₹54.6 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Delta Autocorp Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.59%
Promoter Holding (Post-Issue)
70.73%
Issue Type
Book Building - SME
ISIN
INE0XRN01019
About the Company
Delta Autocorp Limited manufactures and sells 2W & 3W EVs using cutting edge components procured from reputed Original Equipment Manufacturers (OEMs) who use design & engineering specifications given by the company using stateof-the-art manufacturing process. The Company supplies specific components designed and compatible for its vehicles.
Industry Overview
The Indian automobile industry has historically been a good indicator of how well the economy is doing, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The two-wheelers segment dominates the market in terms of volume, owing to a growing middle class and a huge percentage of India's population being young. Moreover, the growing interest of companies in exploring the rural markets further aided the growth of the sector. The rising logistics and passenger transportation industries are driving up demand for commercial vehicles. Future market growth is anticipated to be fuelled by new trends including the electrification of vehicles, particularly three-wheelers and small passenger automobiles.
Company History
Delta Autocorp Limited was originally incorporated as "Delta Autocorp LLP" on May 20, 2016 under the provisions of Limited Liability Partnership Act, 2008 with Registrar of Companies, Kolkata vide (LLPIN:AAG-4165) and received a certificate of incorporation from the Registrar of Companies, Kolkata on May 20, 2016. Later, "Delta Autocorp LLP" was thereafter converted from a Limited Liability Partnership into a Private Limited Company under part I Chapter XXI of Section 366 of Companies Act, 2013 with the name of "Delta Autocorp Private Limited" and received a fresh certificate of incorporation from the Registrar of Companies, Central registration Centre on July 21, 2023. The Corporate Identification Number of the Company is U29304WB2023PTC263697. Later, the Company was converted into Public Limited Company and consequently name of company was changed from "Delta Autocorp Private Limited" to "Delta Autocorp Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 11th, 2023 and a fresh certificate of incorporation dated May 8th, 2024 issued by the Central Processing Centre.
Products & Services
- Delta Autocorp Limited manufactures and sells 2W & 3W EVs using cutting edge components procured from reputed Original Equipment Manufacturers (OEMs).
Growth Strategy
- New Product Development Philosophy.
- Network Expansion.
- Branding and Marketing.
- Strategic Tie Ups with Government.
- Deltic Service Center.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 42,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Delta Autocorp Limited (the "Company" or "Deltic" or "Issuer") at an offer price of Rs. 130.00 per equity share (including a share premium of Rs. 120.00 per equity share) for cash, aggregating up to Rs. 54.60 crores ("Public Offer") comprising a fresh issue of up to 38,88,000 equity shares aggregating to Rs. 50.54 crores (the "Fresh Issue") and an offer for sale of upto 3,12,000 equity shares by Ankit Agarwal ("The Selling Shareholder") aggregating up to 3,12,000 equity shares by the selling shareholder ("Offer for Sale") aggregating to Rs. 4.05 crores out of which 2,94,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 130.00 per equity share for cash, aggregating Rs. 3.82 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 39,06,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 10/- per equity share for cash, aggregating up to Rs. 50.77 crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute 27.47 % and 25.55 % respectively of the post- offer paid-up equity share capital of the company. Issue Price Rs.130 per equity share of face value of Rs.10 each. The Issue Price is 13.0 times of the face value of the equity shares. Bid can be made for a minimum of 1000 equity shares and in multiples of 1000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters and Management Team.
- Customer Centric Approach.
- In house Research and Development of Products.
- Cracking the distribution model.
- Tapping into the mass premium segment.
- If the company electric vehicles contain defects, does not perform as per industry standards and/or fails to meet the performance levels advertised, its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and the company may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against the company.
- Its success depends on the company ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.
- The company is dependent on its dealers for sale of its product. Loss of any or all such dealer may have an adverse impact on its business, results of operations and financial conditions.
- The Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect its business operations.
- Its business is dependent on the company distribution network. An inability to expand or effectively manage its distributor network, or any disruptions in the company distribution network may have an adverse effect on its business, results of operations, financial condition and cash flows.