Delta Autocorp
CLOSEDIPO Date: 7 Jan - 9 Jan 2025
Listing Date: 14 Jan 2025
Price Range
₹123 – ₹130 per share
Issue Size
55 Cr
Min Investment
₹1,23,000
Lot Size
1000 Shares
Schedule of Delta Autocorp
Issue open date
7 Jan 2025
Issue close date
9 Jan 2025
UPI mandate deadline
9 Jan 2025 (5 PM)
Allotment finalization
10 Jan 2025
Share credit
13 Jan 2025
Listing date
14 Jan 2025
Mandate end date
24 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 55 Cr |
| Fresh Issue | 50.54 Cr |
| Offer for Sale | 4.06 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 10 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 14 Jan 2025 | ₹130 | ₹104 | ₹234 (80%) |
| 13 Jan 2025 | ₹130 | ₹104 | ₹234 (80%) |
| 11 Jan 2025 | ₹130 | ₹114 | ₹244 (88%) |
| 10 Jan 2025 | ₹130 | ₹114 | ₹244 (88%) |
| 9 Jan 2025 | ₹130 | ₹125 | ₹255 (96%) |
| 8 Jan 2025 | ₹130 | ₹116 | ₹246 (89%) |
| 7 Jan 2025 | ₹130 | ₹109 | ₹239 (84%) |
| 6 Jan 2025 | ₹130 | ₹109 | ₹239 (84%) |
Performance Delta Autocorp
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹123 – ₹130 per share | ₹ 163 (28.65%) | ₹ 86 | -33.85% |
About Delta Autocorp
Delta Autocorp, established in 2016, manufactures and sells Electric 2-wheelers (E2Ws) and Electric 3-wheelers (E3Ws) under the “Deltic” brand. The company uses high-quality components from reputed OEMs, tailored to its design and engineering specifications, and offers custom components to ensure compatibility and performance. With a network of over 300 dealers across 25 states and Union Territories in India, Delta Autocorp focuses primarily on B2B transactions. Its product lineup includes E2Ws like Deltic Drixx, Trento, ZGS, and Legion, and E3Ws such as Deltic Star, Vayu, Vista, and Garbo. The company also provides accessories and spare parts like motor controllers, wire harnesses, electric motors, speedometers, and DC-DC converters, serving the growing electric vehicle market.
| Founded in | 2016 |
| Managing director | Mr. Ankit Agarwal |
| Parent organization | Delta Autocorp Ltd |
Financial Overview
Strengths
- Experienced promoters with 14+ years of industry expertise
- Strong professional management team from top-tier institutions
- Customer-centric approach with tailored product designs and insights
- In-house R&D for innovation ensuring product quality
- Extensive dealer network across 25 states and territories
- Focus on underserved tier-2 and tier-3 markets
- Premium electric scooters with functional and affordable features
- ISO-certified manufacturing and rigorous quality control standards
- Diversified product portfolio spanning two- and three-wheelers
Risks
- Defects in vehicles may harm reputation and require recalls.
- Dependence on supplier networks could disrupt production and delivery.
- New EV model development involves significant capital and cost risks.
- Increased competition could impact market share and business growth.
- Inability to attract qualified personnel may hinder business expansion.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 178 |
| Non-Institutional Investors (NIIs) | 624 |
| Retail Individual Investors (RIIs) | 314 |
| Employee | N/A |
| Total | 342 |