Skip to main content
Delta Autocorp IPO
205.80xsubscribed

Delta Autocorp IPO

Automobile Two & Three Wheelers
listed
₹1.23LMin. investment

Delta Autocorp Limited IPO Details

SectorAutomobile Two & Three Wheelers
Price range₹123 – ₹130
IPO type
SME
Lot size1000 shares
Issue size₹54Cr
Red Herring Prospectus
Read
Market cap
₹3,992.27CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹63.07CrLower than sector avg
Growth rate3Y CAGR
3.35%Higher than sector avg

Delta Autocorp IPO Subscription Status

Date
QIB
NII
Retail
Total
07-Jan-25
0.78 times (X)
0.0 times (X)
22.71 times (X)
11.57 times (X)
08-Jan-25
2.71X
0.0X
97.72X
49.63X
09-Jan-25
178.64X
0.0X
309.62X
205.8X

As on 07-Jan-25, 5:00 PM

Delta Autocorp IPO Timeline

  1. Pre-apply
    6 Jan 2025
  2. Bid start
    7 Jan 2025
  3. Bid end
    9 Jan 2025
  4. Allotment
    10 Jan 2025
  5. Release of funds
    13 Jan 2025
  6. Demat transfer
    13 Jan 2025
  7. Listing
    14 Jan 2025

About Delta Autocorp Limited

Delta Autocorp Limited, operating as "Deltic," manufactures electric 2W and 3W vehicles, including e-rickshaws and electric scooters. Founded in 2016, Deltic launched its first e-rickshaw in 2017, focusing on affordability, durability, and innovation. The company designs vehicles suitable for Indian roads, with high ground clearance and comfort. Deltic is transitioning to Lithium Ferro Phosphate (LFP) batteries for enhanced efficiency. With a strong B2B network of 300+ dealers across India, Deltic aims to become a global leader in electric mobility.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Delta Autocorp Limited IPO

New product development
42.18%
The company will utilise ₹21.32 Cr for investment in new product development.
Working capital
22.67%
The company will allocate ₹11.46 Cr from the fresh issue towards working capital.
Business expansion
8.72%
The company will spend ₹4.41 Cr towards setting up fabrication & painting plant.
General corporate purposes
Not assigned
The company will use part of its net IPO proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capD/E ratio
This IPO₹63.07Cr3.35%₹6.95Cr₹3,992.27Cr0.30
This sector (avg.)₹10,445.29Cr0.24%₹1,208.89Cr₹64,285.76Cr0.75
₹50,829.88Cr---₹7,535.99Cr₹2,68,006.9Cr0.26
₹18,870.35Cr---₹4,734.44Cr₹1,95,369.6Cr0.02
₹44,089.01Cr---₹2,349.9Cr₹1,74,661.8Cr3.36

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Delta Autocorp IPO Contact Details

Company NameDelta Autocorp Limited

How to apply for Delta Autocorp IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Delta Autocorp Limited IPO FAQs