Delta Autocorp Limited (NSE SME)
Jan 7, 2025 - Jan 9, 2025
| Price | ₹123 - ₹130 |
| Premium | ₹115 |
|---|---|
| Lot size | 1000 |
| Allotment | Jan 10, 2025 |
| Listing | Jan 14, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 130000 | 1368 |
| HNI | 2 | 2000 | 260000 | 587 |
Last updated on 09-Jan-2025 18:26:34
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 781000 | 139516000 | 178.64 |
| NIB | 587000 | 366749000 | 624.79 |
| RETAIL | 1368000 | 430013000 | 314.34 |
| Total | 2736000 | 936278000 | 342.21 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 112 |
| NIB | 28501 |
| RETAIL | 430013 |
| Total | 458626 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 10.15 | 1813.71 | 178.64 |
| NIB | 7.63 | 4767.74 | 624.79 |
| RETAIL | 17.78 | 5590.17 | 314.34 |
| Total | 35.57 | 12171.61 | 342.21 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹31.2 | @8% ₹35.6 | @9% ₹40.1 | @10% ₹44.5 | @11% ₹49 | @12% ₹53.4 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹109 | @8% ₹124.6 | @9% ₹140.2 | @10% ₹155.8 | @11% ₹171.3 | @12% ₹186.9 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 32.57% | 1368000 |
| NII (HNI) | 13.98% | 587000 |
| Anchor | 27.86% | 1170000 |
| QIB | 18.60% | 781000 |
| Market Maker | 7.00% | 294000 |
| Total | 100.00% | 4200000 |
Delta Autocorp IPO Details
| Issue Size | 42,00,000 shares (aggregating up to ₹54.60 Cr) |
| Fresh Issue | 38,88,000 shares (aggregating up to ₹ 50.54 Cr) |
| Offer for Sale | 3,12,000 shares of ₹10 (aggregating up to ₹4.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,14,01,698 shares |
| Share Holding Post Issue | 1,52,89,698 shares |
| Market Maker Portion | 2,94,000 shares |
| Market Maker | Giriraj Stock Broking |
Key Performance Indicator
| KPI | Oct-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 23.69% | 56.49% | 56.10% |
| ROCE | 19.32% | 50.99% | 49.30% |
| D/E | 0.49 | 0.68 | 0.36 |
| EPS | 4.22 | 11.79 | 9.25 |
| P/E Pre IPO | 18.03 | ||
| P/E Post IPO | 24.11 |
Company Financials In Lakhs.
| Period Ended | Oct-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 4,742 | 3,461 | 2,110 | 2,032 |
| Revenue | 4,528 | 8,117 | 8,056 | 5,753 |
| Profit After Tax | 481 | 822 | 513 | 420 |
| Net Worth | 2,270 | 3,032 | 1,141 | 689 |
| Reserves and Surplus | 1,130 | 1,758 | ||
| Total Borrowing | 1,120 | 1,003 | 414 | 734 |
About Company
Incorporated in 2016, Delta Autocorp Limited is a manufacturer and seller of electric 2-wheelers and 3-wheelers, catering to the growing demand for EVs in India. The company initially focused on developing electric 3-wheeler prototypes and achieved a significant milestone in 2017 with the launch of its first E-Rickshaw, offering an impressive mileage of over 150 km. Recognizing evolving market trends and customer preferences, Delta Autocorp expanded its portfolio to include electric 2-wheelers, launching affordable and durable scooters in 2019 tailored for tier-2 and tier-3 towns. With a robust network of over 250 dealers across 24 states and Union Territories, the company primarily operates in the B2B segment, delivering cost-effective, practical products with exceptional service. As of October 2024, Delta Autocorp employs 139 individuals and strives to establish itself as a global brand in the EV sector.
GYR Capital Advisors Private Limited
Experienced Promoters and Management Team: Guided by seasoned leaders with extensive expertise in the EV industry.
Customer-Centric Approach: Focus on delivering practical, cost-effective solutions tailored to market needs.
In-House R&D: Continuous innovation through dedicated product research and development for superior performance and durability.
Product Performance and Quality Risks: Defects or underperformance of electric vehicles could harm company's reputation, lead to product recalls, and result in legal actions.
Challenges in New Model Development: Successfully developing, manufacturing, and delivering high-quality EV models at scale poses significant risks.
Dependence on Dealers: Reliance on a dealer network means the loss of key dealers could adversely affect sales, operations, and financial stability.
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: deltaauto.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html