Delta Autocorp IPO

Delta Autocorp Ltd

₹1,23,000 /1000 sharesMinimum Investment

Delta Autocorp IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Jan ‘25 - 9 Jan ‘25₹1,23,0001,000₹123 - ₹130
Issue SizeIPO Doc
54.60Cr
RHP PDF

Subscription rate

As of 08 Jan'25, 06:00 PM
Qualified Institutional Buyers2.71x
Non-Institutional Investor36.49x
Retail Individual Investor93.06x
Total49.78x

About Delta Autocorp

Delta Autocorp is a manufacturer and seller of two-wheeler (2W) and three-wheeler (3W) electric vehicles (EVs). The company states that these vehicles are built using advanced components sourced from original equipment manufacturers (OEMs) based on the company's design and engineering specifications. Delta Autocorp also supplies components specifically designed to be compatible with its vehicles, which are marketed under the brand name "Deltic." The company’s product range includes electric scooters in the 2W category, as well as electric rickshaws, electric loaders, and electric garbage carts in the 3W segment. It also supplies spare parts and accessories for 2W and 3W vehicles, including motors, DC-DC converters, and speedometers.;
Founded in
2016
Managing director
Mr. Ankit Agarwal
Parent organisation
Delta Autocorp Ltd

Strengths & Financials of Delta Autocorp

Strengths
Risks
The company claims that Delta Autocorp has enhanced the torque, strength, and durability of its e-rickshaws through the use of advanced metallurgy. Also, the vehicles now feature improved gradability ranging from 7 to 10 degrees, aligning with the evolving needs of the market.
To prioritise longevity, cost efficiency, and customer safety, the company is transitioning from nickel-manganese-cobalt (NMC) batteries to lithium ferro phosphate (LFP) batteries.
Delta Autocorp’s manufacturing facility for e-scooters and e-rickshaws is ISO 9001:2015 certified for quality management systems. All vehicles are tested and approved by respected national agencies such as the International Centre for Automotive Technology (ICAT), Manesar, and the Central Institute of Road Transport (CIRT), Pune.
The company operates through an extensive network of dealers and is primarily focused on B2B transactions. Its distribution network comprises over 300 dealers, covering 25 states and union territories across India.
The company has seen a consistent increase in profit after tax (PAT). PAT increased from Rs 4.20 crore in FY22 to Rs 5.13 crore in FY23 to Rs 6.96 crore in FY24.

Delta Autocorp Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Delta Autocorp IPO

Apply asPrice bandApply upto
Regular123 - 130₹2 Lakh
High Networth Individual123 - 130₹2 - 5 Lakh
For Delta Autocorp IPO, eligible investors can apply as Regular.
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