Delta Autocorp Limited IPO Details

About Delta Autocorp Limited

Founded in 2016, Delta Autocorp Limited specializes in manufacturing and selling electric vehicles, including 2-wheelers and 3-wheelers. Operating under the brand name “Deltic,” the company initially focused on creating electric 3-wheeler prototypes. In 2017, they launched their first E-Rickshaw with an impressive range of over 150 km.

Recognizing market trends and shifting customer needs, Delta Autocorp expanded its range to electric 2-wheelers. In 2018, prototype development began, and by 2019, they launched affordable and durable electric scooters, targeting tier-2 and tier-3 cities.

With over 300 dealers across 25 states and Union Territories, the company emphasizes B2B transactions and aims to become a global brand known for cost-effective, practical products and superior service.

Product Range:

Electric 2-wheelers:

Deltic Drixx

Deltic Trento

Electric 3-wheelers:

Deltic Star (E-Rickshaw)

Deltic Vayu (E-Rickshaw)

3W Loaders

3W Garbage Carts

Spare Parts & Accessories:

3W Controller

3W Motor

Delta Autocorp has a dedicated R&D team in Uttar Pradesh, consisting of 11 employees who focus on designing electric vehicles tailored to customer needs and preferences. As of October 31, 2024, the company employs 139 people.

Competitive Strengths:

Experienced management and promoters

Customer-focused approach

In-house research and development

Strong distribution model

Focus on the mass premium segment

Quality certifications and rigorous testing

Diverse product range

Objectives of the IPO:

The funds raised through the IPO will be used for the following purposes:

Setting up an electric 3-wheeler fabrication and painting plant

Investment in new product development

Meeting working capital requirements

General corporate purposes

Covering the expenses of the IPO

Delta Autocorp IPO Details:

IPO Opening Date: January 7, 2025

IPO Closing Date: January 9, 2025

Listing Date: January 14, 2025

Face Value: ₹10 per share

Price Band: ₹123 to ₹130 per share

Lot Size: 1,000 shares

Total Issue Size: 42,00,000 shares (approx. ₹54.60 Cr)

Fresh Issue: 38,88,000 shares (approx. ₹50.54 Cr)

Offer for Sale: 3,12,000 shares (approx. ₹4.06 Cr)

Issue Type: Book Built Issue

Listing at: NSE SME

Shareholding:

Pre-Issue: 1,14,01,698 shares

Post-Issue: 1,52,89,698 shares

Market Maker Portion: 2,94,000 shares

IPO Reservation:

QIB (Qualified Institutional Buyers): Up to 50% of the Net Issue

Retail Investors: At least 35% of the Net Issue

NII (Non-Institutional Investors / HNI): At least 15% of the Net Issue

IPO Timeline (Tentative):

IPO Open Date: January 7, 2025

IPO Close Date: January 9, 2025

Basis of Allotment: January 10, 2025

Refunds Initiated: January 13, 2025

Shares Credit to Demat: January 13, 2025

Listing Date: January 14, 2025

UPI Mandate Confirmation Deadline: 5 PM on January 9, 2025

Delta Autocorp IPO Lot Size:

Investors can apply for a minimum of 1,000 shares, with the following investment amounts:

Retail Minimum: 1,000 shares for ₹1,30,000

Retail Maximum: 1,000 shares for ₹1,30,000

HNI Minimum: 2,000 shares for ₹2,60,000

Promoter Holding:

The promoters of Delta Autocorp are:

Mr. Ankit Agarwal

Mrs. Priyanka Agarwal

Mr. Sanwarmall Agarwalla

Pre-Issue Promoter Shareholding: 97.59%

Registrar:

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: deltaauto.smeipo@linkintime.co.in

Website: Link Intime

FAQs

What is Delta Autocorp Limited? Delta Autocorp Limited, founded in 2016, is a company engaged in the manufacturing and sale of electric 2-wheelers and 3-wheelers. Operating under the brand name “Deltic,” the company focuses on electric vehicles, including e-rickshaws, electric scooters, and other electric 3-wheelers.

What products does Delta Autocorp offer? Delta Autocorp’s product range includes:

Electric 2-wheelers: Deltic Drixx, Deltic Trento

Electric 3-wheelers: Deltic Star, Deltic Vayu, 3W Loaders, and 3W Garbage Carts

Spare parts and accessories: 3W Controller, 3W Motor

What is the purpose of the Delta Autocorp IPO? The funds raised from the IPO will be used for:

Setting up an electric 3-wheeler fabrication and painting plant

Investment in new product development

Meeting working capital requirements

General corporate purposes

Covering IPO expenses

When will the Delta Autocorp IPO open and close?

IPO Opening Date: January 7, 2025

IPO Closing Date: January 9, 2025

What is the price band for the Delta Autocorp IPO? The price band for the IPO is ₹123 to ₹130 per share.

What is the minimum lot size for the IPO? Investors can apply for a minimum of 1,000 shares, with investments starting at ₹1,30,000.

How many shares are being offered in the Delta Autocorp IPO? The total issue size is 42,00,000 shares, with a fresh issue of 38,88,000 shares and an offer for sale of 3,12,000 shares.

What is the listing date for the Delta Autocorp IPO? The shares will be listed on January 14, 2025.

How can I apply for the Delta Autocorp IPO? Investors can apply through the UPI-based IPO application process or via their broker or trading platform.

What is the minimum investment amount for retail investors? Retail investors can apply for a minimum of 1,000 shares, which will cost ₹1,30,000.

Who are the promoters of Delta Autocorp Limited? The promoters of Delta Autocorp are:

Mr. Ankit Agarwal

Mrs. Priyanka Agarwal

Mr. Sanwarmall Agarwalla

What are the IPO reservation categories?

QIB (Qualified Institutional Buyers): Up to 50% of the Net Issue

Retail Investors: At least 35% of the Net Issue

NII (Non-Institutional Investors / HNI): At least 15% of the Net Issue

How can I check the IPO allotment status? The IPO allotment status will be available on the Link Intime India website, the registrar for the IPO. The allotment date is January 10, 2025.

Who is the registrar for the Delta Autocorp IPO? The registrar for the Delta Autocorp IPO is Link Intime India Private Ltd. For more information, you can visit their website or contact them at deltaauto.smeipo@linkintime.co.in.

What are the post-issue shareholding details? After the IPO, the company’s total shareholding will increase to 1,52,89,698 shares from 1,14,01,698 shares.

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