Delta Autocorp IPO allotment expected on January 10: Here’s how to check status on NSE, Link Intime India

Electric vehicle maker and seller Delta Autocorp Ltd is expected to finalise the IPO share allotment status on Friday, January 10.

The company received a robust demand for its ₹54.6-crore initial public offering, which closed with an oversubscription of 342 times on Thursday, January 9.

The issue opened for subscription on January 7 on the NSE SME platform.

According to the stock exchange data, applications for more than 93.62 crore shares were received against 27.36 lakh shares on offer, resulting in a booking level of around 342 times.

Among the investor categories, retail investors applied for 43 crore shares against the quota of 13.68 lakh equity shares. The retail quota was subscribed 314 times.

The Non-Institutional Investors (NIIs) placed bids for 36.67 crore shares against the allotted quota of 5.87 lakh shares. The NIIs portion was subscribed 624 times.

The Qualified Institutional Buyers (QIBs) placed bids for 13.95 crore shares against 7.81 lakh shares set aside for them. The QIBs portion was booked 178 times.

How to check Delta Autocorp IPO share allotment status

The investors, who participated in the IPO bidding, can check the share allotment status on the websites of the NSE and issue registrar, Link Intime India Pvt. Ltd.

Delta Autocorp will inform the successful investors about the share allotment status through email and SMS.

Steps to check Delta Autocorp IPO allotment status on Link Intime India

• Go to Link Intime India Pvt Ltd website: https://www.linkintime.co.in/
• Select ‘Public Issues’ under the ‘Investor Services’ section on the main menu
• Select Delta Autocorp Ltd from the dropdown list for company names
• Enter either your application Number, PAN, DP/Client ID or Account No / IFSC
• Submit to check allotment status

How to check Delta Autocorp IPO allotment status online on NSE

• Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create Login and Password)
• Select Delta Autocorp Ltd
• Verify PAN
• Enter IPO application Number
• Click on Submit

Delta Autocorp IPO details and use of proceeds

West Bengal-based Delta Autocorp is a manufacturer and seller of electric two-wheelers and three-wheelers. The company operates under the brand name "Deltic”. The company operates through a wide network of dealers, and at present, its focus is primarily on B2B transactions. It is working with a more than 300 strong distribution network spread across 25 states and Union Territories with a vision to become a global brand rooted in India.

Here are key details about the NSE SME issue:

• Delta Autocorp IPO was a book-building issue worth ₹54.6 crore.
• The public offer was a combination of a fresh issue of 38.88 lakh shares, worth ₹50.54 crore, and an offer-for-sale (OFS) component of 3.12 lakh shares, aggregating to ₹4.06 crore.
• The IPO price band was set at ₹123 to ₹130 per share.
• The minimum bid size for the retail investors was for at least a single lot of 1,000 shares, amounting to an investment of ₹1,30,000.
• According to the Delta Autocorp RHP, refunds and transfer of shares to Demat accounts will be initiated on January 13.
• The company has proposed to list shares on the NSE SME platform on Tuesday, January 14.

The company has proposed to utilise the IPO proceeds for funding of expenditure towards setting up an electric three-wheeler fabrication plant and painting plant with an investment of ₹4.61 crore. The company will utilise ₹21.32 crore for new product development and another ₹11.46 crore for working capital needs.

Delta Autocorp financials

The company posted a revenue of ₹45.17 crore for the period from April 1, 2024, to October 31, 2024. Net profit during the period was ₹4.8 crore.

Its revenue from operations in FY2024 was ₹81 crore against ₹80 crore in the year ended on March 31, 2023.

Net profit in FY2024 was ₹8.22 crore against ₹5.13 crore in FY2023.

Delta Autocorp key performance indicators (KPI)