Delta Autocorp Limited IPO is opening for subscription on 7 January 2025 and will be running until 9 January 2025. This is an SME IPO going to raise around ₹54.60 crores from a mix of fresh issues of 38.88 lakh equity shares amounting to ₹ 50.54 crore and remaining from the offer for sale of 3.12 lakh equity shares worth ₹ 4.06 crores.
The Delta Autocorp IPO allotment date will be finalized on Friday, 10 January 2025. Delta Autocorp shares will be probably listed on NSE SME on Tuesday, 14 January 2025.
Delta Autocorp IPO’s price band has been set at ₹123 to ₹ 130 per share with a minimum ipo lot size of 1000 shares per application. The retail investors thus have to invest at least ₹ 130000 for subscribing to 1000 shares of the company while HNIs have to subscribe to at least 2 lots or 2000 shares worth ₹ 260000.
Here Are the Quick Steps to Apply for the Delta Autocorp SME IPO with the Best IPO App!
Delta Autocorp NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | January 7, 2025 |
| IPO Closing Date | January 9, 2025 |
| Tentative IPO Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹123 to ₹ 130 per share |
| Lot Size | 1000 shares |
| Total Issue Size | 4200000 shares (₹54.60 Cr) |
| Fresh Issue | 3888000 shares (₹50.54 Cr) |
| OFS | 312000 Shares (₹ 4.06 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE SME |
| Share Holding Pre-Issue | 11404698 shares |
| Share Holding Post-Issue | 15289698 shares |
Delta Autocorp Limited | Company Overview
Delta Autocorp Limited was started in 2016 as a manufacturer of electric vehicles. The company mainly manufactures the two-wheelers and the three-wheelers electric vehicles and engages in the selling process of the same.
Delta Autocorp is operating under the brand name Deltic and is known for its three-wheelers in the EV market. In 2017, they came up with the first-ever E-Rickshaw which has a mileage of 150 km.
Product range
- Two-wheeler Scooters: Deltic Trento, Deltic Drixx
- Three-wheeler Scooters: Deltic Vayu, Deltic Star
- Electric three-wheeler loaders
- Electric three-wheeler garbage carts
- Spare parts and accessories for two-wheelers and three-wheelers – 3-wheeler motor, and controller.
They have their Research and development facility in Uttar Pradesh and they carry out all research and development, manufacturing in-house only.
Want to subscribe to Delta Autocorp Ltd. IPO with Best Investment App? Open a Demat Account Today!
Delta Autocorp Limited IPO | Key Details
- Delta Autocorp IPO Opening Date: January 7, 2025,
- Delta Autocorp IPO Closing Date: January 9, 2025.
- Allotment Date: January 10, 2025
- Price Band: ₹123 to ₹130 per share
- Lot Size: 1000 shares
- Refunds Initiated: January 13, 2025
- Shares Credited to Demat: January 13, 2025
- Listing Date: January 14, 2025
Delta Autocorp Ltd: Financial Overview
Delta Autocorp Limited saw a 60% rise in its PAT in FY24, even when the revenue only increased by 0.76% during the period. However, the net worth of the company jumped by 165.61% during the phase as well.
Here are the details of the financials of the firm
Amounts in ₹ Lakhs
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 3,461.35 | 2,110.04 | 1,351.31 | 64.04 |
| Revenue | 8,116.73 | 8,055.86 | 60.87 | 0.76 |
| Profit After Tax | 822 | 513.41 | 308.59 | 60.11 |
| Net Worth | 3,031.91 | 1,141.48 | 1,890.43 | 165.61 |
| Reserve & Surplus | 1,758.47 | NA | NA | NA |
| Total Borrowing | 1,003.30 | 413.6 | 589.70 | 142.58 |
FAQs | Delta Autocorp Ltd IPO
Delta Autocorp Ltd is engaged in the manufacturing and selling of two and three-wheeler Electric vehicles.
The tentative IPO listing date of Delta Autocorp has been fixed as Tuesday, January 14, 2025.
The bidding date for the Delta Autocorp IPO is January 7, 2025, and it will continue until January 9, 2025.
The minimum IPO lot size for Delta Autocorp is 1000 shares. The HNIs need to subscribe to at least two lots.
The IPO allotment is expected to be finalized on Friday, January 10, 2025.
The IPO face value is set at ₹10 per share.
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.