Delta Autocorp IPO: Comprehensive Details
The Delta Autocorp IPO is set to open for subscription on January 7, 2025, and will close on January 9, 2025. This is a Book Built Issue aiming to raise ₹54.60 crores, comprising a fresh issue of ₹50.54 crores and an offer for sale of up to 3,12,000 equity shares with a face value of ₹10 each. Below is a detailed breakdown of all aspects related to the IPO.
Delta Autocorp IPO Details
Below is a table summarizing all the essential details about the Delta Autocorp IPO:
| Aspect | Details |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹123 to ₹130 Per Share |
| Issue Size | ₹54.60 Crores |
| Fresh Issue | ₹50.54 Crores |
| Offer for Sale | 3,12,000 Equity Shares |
| Issue Type | Book Built Issue |
| Listing Exchange | NSE SME |
| Retail Investor Quota | Not more than 35% |
| QIB Investor Quota | Not more than 50% |
| HNI Investor Quota | Not more than 15% |
| Allotment Basis Date | January 10, 2025 |
| Refunds Initiation | January 13, 2025 |
| Credit to Demat Account | January 13, 2025 |
| Listing Date | January 14, 2025 |
Delta Autocorp IPO Market Lot
The table below provides the market lot details for retail and S-HNI investors:
| Investor Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹1,30,000 |
| Retail Maximum | 1 | 1,000 | ₹1,30,000 |
| S-HNI Minimum | 2 | 2,000 | ₹2,60,000 |
Financial Performance of Delta Autocorp
| Year | Revenue (₹ Crores) | Expenses (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2021 | 16.74 | 16.19 | 0.42 | 7.90 |
| 2022 | 57.53 | 51.89 | 4.20 | 20.34 |
| 2023 | 80.56 | 73.69 | 5.13 | 21.09 |
Important Dates for Delta Autocorp IPO
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Refund Initiation | January 13, 2025 |
| Credit to Demat Account | January 13, 2025 |
| Listing Date | January 14, 2025 |
About Delta Autocorp Limited
Founded in 2016, Delta Autocorp Limited specializes in manufacturing and selling electric two-wheelers (2W) and three-wheelers (3W). The company sources advanced components from Original Equipment Manufacturers (OEMs) and also designs specific components for its vehicles. It initially focused on electric 3-wheelers and later expanded its portfolio to include electric 2-wheelers. Key milestones include:
- 2017: Launch of the first e-rickshaw with a 150+ km range.
- 2019: Introduction of the first electric 2-wheeler model.
- Current Network: Collaboration with over 250 distributors.
Delta Autocorp is known for producing stylish, affordable, and durable electric vehicles, with a focus on the B2B segment.
Key Performance Metrics
- Return on Equity (ROE): 56.10%
- Return on Capital Employed (ROCE): 49.28%
- EBITDA Margin: 9.74%
- Profit After Tax (PAT) Margin: 6.41%
- Debt-to-Equity Ratio: 0.36
- Earnings Per Share (EPS): ₹342.09 (Basic)
- Net Asset Value (NAV): ₹760.56
IPO Valuation Metrics (FY2023)
| Metric | Value |
|---|---|
| ROE (Return on Equity) | 56.10% |
| ROCE (Return on Capital) | 49.28% |
| EBITDA Margin | 9.74% |
| PAT Margin | 6.41% |
| Debt-to-Equity Ratio | 0.36 |
| EPS (Earnings Per Share) | ₹342.09 (Basic) |
| NAV (Net Asset Value) | ₹760.56 |
Peer Comparison
The table below highlights a comparison of Delta Autocorp with a peer company, Wardwizard Innovations & Mobility Limited:
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ Cr.) |
|---|---|---|---|---|---|
| Wardwizard Innovations & Mobility | 0.52 | 109.62 | 13.27% | 3.88 | 321.63 |
Objects of the Issue
The IPO proceeds will be utilized for:
- Setting up an electric three-wheeler fabrication and painting plant.
- Investment in new product development.
- Funding working capital requirements.
- General corporate purposes.
- Covering IPO-related expenses.
Promoters of Delta Autocorp Limited
The company’s promoters are:
- Mr. Ankit Agarwal
- Mrs. Priyanka Agarwal
- Mr. Sanwarmall Agarwalla
How to Apply for Delta Autocorp IPO
Investors can apply for Delta Autocorp IPO using ASBA (Application Supported by Blocked Amount) through their bank accounts or via UPI-enabled stock broker platforms. Offline applications via brokers are also accepted.
IPO Lead Manager
- GYR Capital Advisors Private Limited
Company Address
Delta Autocorp Limited
Plot No 304 P,
Pithakiary Post-Rupnarayanpur,
Bardhaman, West Bengal, 713386
Phone: +91 8448223541
Email: compliance@deltic.co
Website: Delta Autocorp Official Website
Conclusion
The Delta Autocorp IPO offers a promising opportunity, especially for investors aiming for long-term growth. With robust financial performance, a growing market presence, and a focus on the expanding electric vehicle industry, the company appears well-positioned for future success.
FAQs
1. What is Delta Autocorp IPO?
Delta Autocorp IPO is an SME IPO aiming to raise ₹54.60 crores via equity shares listed on NSE.
2. What is the Delta Autocorp IPO price band?
The price band is set between ₹123 to ₹130 per equity share.
3. How to apply for the Delta Autocorp IPO?
You can apply online through ASBA-enabled bank accounts or UPI-based platforms. Offline applications through brokers are also available.
4. When will the IPO listing take place?
The IPO will be listed on January 14, 2025, on the NSE.
5. What is the minimum investment amount?
The minimum investment is ₹1,30,000 for one lot (1,000 shares).
Delta Autocorp IPO Summary
Delta Autocorp IPO is an upcoming SME IPO scheduled to open on January 7, 2025, and close on January 9, 2025. The company aims to raise ₹54.60 crores, comprising a fresh issue of ₹50.54 crores and an offer for sale of 3,12,000 equity shares with a face value of ₹10 each. The price band is set at ₹123 to ₹130 per share, and the IPO will list on NSE SME on January 14, 2025.
Key Highlights
- IPO Type: Book Built Issue.
- Issue Size: ₹54.60 crores.
- Fresh Issue: ₹50.54 crores.
- Offer for Sale: 3,12,000 equity shares.
- Market Lot: Minimum 1,000 shares for retail investors, requiring an investment of ₹1,30,000.
- Investor Quotas:
- Retail Investors: 35%.
- QIB: 50%.
- HNI: 15%.
Financial Overview
The company has demonstrated steady growth in revenue and profit over the last three years:
- 2023 Revenue: ₹80.56 crores (up from ₹57.53 crores in 2022).
- 2023 Profit After Tax: ₹5.13 crores (up from ₹4.20 crores in 2022).
- ROE: 56.10%, indicating strong profitability.
Important Dates
- Allotment Finalization: January 10, 2025.
- Refund Initiation: January 13, 2025.
- Credit to Demat Accounts: January 13, 2025.
- IPO Listing: January 14, 2025.
Investment Potential
Delta Autocorp is a growing player in the electric vehicle market, with a focus on two-wheelers and three-wheelers. Their strong financial performance and promising industry outlook make the IPO an attractive option for long-term investors
