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Open
7 Jan 2025
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Close
9 Jan 2025
3
Allotment
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Listing
Tue, Jan 14, 2025
Price Band
₹123 to ₹130
Issue Size
42,00,000 shares (agg. up to ₹55 Cr)
Lot Size
1,000 Shares
Listing Date
Tue, Jan 14, 2025
Latest GMP
₹105
Est. Gain
80.77%
✦ AI Insight
GMP Trend
14-01-2025₹105Est. ₹235+80.77%
13-01-2025₹105Est. ₹235+80.77%
12-01-2025₹115Est. ₹245+88.46%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 238.75x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 47.42 | 34.61 | 21.10 | 20.32 |
| Total Income | 45.28 | 81.17 | 80.56 | 57.53 |
| Profit After Tax | 4.81 | 8.22 | 5.13 | 4.20 |
| NET Worth | 22.70 | 30.32 | 11.41 | 6.89 |
| Reserves and Surplus | 11.30 | 17.58 | ||
| Total Borrowing | 11.20 | 10.03 | 4.14 | 7.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tunwal E-Motors Ltd. | SME | ₹115.64 Cr | ₹59 | 20.71 | ₹60.80 | +3.05% | ₹25.75 (-0.96%) |
| Ola Electric Mobility Ltd. | Mainboard | ₹6,145.56 Cr | ₹76 | -17.69 | ₹91.20 | +20.00% | ₹40.17 (+0.58%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant | 4.42 |
| 2 | Investment in New Product Development | 21.32 |
| 3 | Funding of Working Capital Requirement | 11.46 |
| 4 | General Corporate Purposes | 9.35 |
| 5 | Issue Expenses | 4.00 |
| Total | 50.54 |
About Delta Autocorp IPO
Incorporated in 2016, Delta Autocorp Limited is engaged in the business of manufacturing and selling of 2-wheelers & 3-wheelers EVs. The Company operates under the brand name "Deltic”. Initially concentrating on developing electric 3-wheelers prototypes, they marked a significant milestone in 2017 with the launch of their first E-Rickshaw, boasting an impressive mileage of over 150 Km. After analysing market trends and changing customer preferences, the company expanded its product range to electric 2W vehicles. In 2018, prototype development began, and in 2019, the company launched affordable, durable scooters for tier-2 and tier-3 towns. The company operates through a network of over 300 dealers across 25 states and Union Territories, focusing on B2B transactions. The goal is to become a global brand with cost-effective, practical products and excellent service. Their Products: Electric 2W scooters: Deltic Drixx, Deltic Trento Electric 3W rickshaws: Deltic Star, Deltic Vayu Electric 3W loaders Electric 3W garbage carts Spare parts and accessories for 2W and 3W vehicles: 3W Controller, 3W Motor The company focuses on in-house product innovation through its R&D department in Uttar
Contact Details
Delta Autocorp Ltd. AddressPlot No 304 PPithakiarypost-RupnarayanpurBardhamanBardhaman, West Bengal, 713386+91 8448223541compliance@deltic.coVisit Website