About Delta Autocorp Limited
Founded in 2016, Delta Autocorp Limited specializes in manufacturing and selling electric vehicles, including 2-wheelers and 3-wheelers. Operating under the brand name “Deltic,” the company initially focused on creating electric 3-wheeler prototypes. In 2017, they launched their first E-Rickshaw with an impressive range of over 150 km.
Recognizing market trends and shifting customer needs, Delta Autocorp expanded its range to electric 2-wheelers. In 2018, prototype development began, and by 2019, they launched affordable and durable electric scooters, targeting tier-2 and tier-3 cities.
With over 300 dealers across 25 states and Union Territories, the company emphasizes B2B transactions and aims to become a global brand known for cost-effective, practical products and superior service.
Product Range:
Electric 2-wheelers:
Deltic Drixx
Deltic Trento
Electric 3-wheelers:
Deltic Star (E-Rickshaw)
Deltic Vayu (E-Rickshaw)
3W Loaders
3W Garbage Carts
Spare Parts & Accessories:
3W Controller
3W Motor
Delta Autocorp has a dedicated R&D team in Uttar Pradesh, consisting of 11 employees who focus on designing electric vehicles tailored to customer needs and preferences. As of October 31, 2024, the company employs 139 people.
Competitive Strengths:
Experienced management and promoters
Customer-focused approach
In-house research and development
Strong distribution model
Focus on the mass premium segment
Quality certifications and rigorous testing
Diverse product range
Objectives of the IPO:
The funds raised through the IPO will be used for the following purposes:
Setting up an electric 3-wheeler fabrication and painting plant
Investment in new product development
Meeting working capital requirements
General corporate purposes
Covering the expenses of the IPO
Delta Autocorp IPO Details:
IPO Opening Date: January 7, 2025
IPO Closing Date: January 9, 2025
Listing Date: January 14, 2025
Face Value: ₹10 per share
Price Band: ₹123 to ₹130 per share
Lot Size: 1,000 shares
Total Issue Size: 42,00,000 shares (approx. ₹54.60 Cr)
Fresh Issue: 38,88,000 shares (approx. ₹50.54 Cr)
Offer for Sale: 3,12,000 shares (approx. ₹4.06 Cr)
Issue Type: Book Built Issue
Listing at: NSE SME
Shareholding:
Pre-Issue: 1,14,01,698 shares
Post-Issue: 1,52,89,698 shares
Market Maker Portion: 2,94,000 shares
IPO Reservation:
QIB (Qualified Institutional Buyers): Up to 50% of the Net Issue
Retail Investors: At least 35% of the Net Issue
NII (Non-Institutional Investors / HNI): At least 15% of the Net Issue
IPO Timeline (Tentative):
IPO Open Date: January 7, 2025
IPO Close Date: January 9, 2025
Basis of Allotment: January 10, 2025
Refunds Initiated: January 13, 2025
Shares Credit to Demat: January 13, 2025
Listing Date: January 14, 2025
UPI Mandate Confirmation Deadline: 5 PM on January 9, 2025
Delta Autocorp IPO Lot Size:
Investors can apply for a minimum of 1,000 shares, with the following investment amounts:
Retail Minimum: 1,000 shares for ₹1,30,000
Retail Maximum: 1,000 shares for ₹1,30,000
HNI Minimum: 2,000 shares for ₹2,60,000
Promoter Holding:
The promoters of Delta Autocorp are:
Mr. Ankit Agarwal
Mrs. Priyanka Agarwal
Mr. Sanwarmall Agarwalla
Pre-Issue Promoter Shareholding: 97.59%
Registrar:
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: deltaauto.smeipo@linkintime.co.in
Website: Link Intime
FAQs
What is Delta Autocorp Limited? Delta Autocorp Limited, founded in 2016, is a company engaged in the manufacturing and sale of electric 2-wheelers and 3-wheelers. Operating under the brand name “Deltic,” the company focuses on electric vehicles, including e-rickshaws, electric scooters, and other electric 3-wheelers.
What products does Delta Autocorp offer? Delta Autocorp’s product range includes:
Electric 2-wheelers: Deltic Drixx, Deltic Trento
Electric 3-wheelers: Deltic Star, Deltic Vayu, 3W Loaders, and 3W Garbage Carts
Spare parts and accessories: 3W Controller, 3W Motor
What is the purpose of the Delta Autocorp IPO? The funds raised from the IPO will be used for:
Setting up an electric 3-wheeler fabrication and painting plant
Investment in new product development
Meeting working capital requirements
General corporate purposes
Covering IPO expenses
When will the Delta Autocorp IPO open and close?
IPO Opening Date: January 7, 2025
IPO Closing Date: January 9, 2025
What is the price band for the Delta Autocorp IPO? The price band for the IPO is ₹123 to ₹130 per share.
What is the minimum lot size for the IPO? Investors can apply for a minimum of 1,000 shares, with investments starting at ₹1,30,000.
How many shares are being offered in the Delta Autocorp IPO? The total issue size is 42,00,000 shares, with a fresh issue of 38,88,000 shares and an offer for sale of 3,12,000 shares.
What is the listing date for the Delta Autocorp IPO? The shares will be listed on January 14, 2025.
How can I apply for the Delta Autocorp IPO? Investors can apply through the UPI-based IPO application process or via their broker or trading platform.
What is the minimum investment amount for retail investors? Retail investors can apply for a minimum of 1,000 shares, which will cost ₹1,30,000.
Who are the promoters of Delta Autocorp Limited? The promoters of Delta Autocorp are:
Mr. Ankit Agarwal
Mrs. Priyanka Agarwal
Mr. Sanwarmall Agarwalla
What are the IPO reservation categories?
QIB (Qualified Institutional Buyers): Up to 50% of the Net Issue
Retail Investors: At least 35% of the Net Issue
NII (Non-Institutional Investors / HNI): At least 15% of the Net Issue
How can I check the IPO allotment status? The IPO allotment status will be available on the Link Intime India website, the registrar for the IPO. The allotment date is January 10, 2025.
Who is the registrar for the Delta Autocorp IPO? The registrar for the Delta Autocorp IPO is Link Intime India Private Ltd. For more information, you can visit their website or contact them at deltaauto.smeipo@linkintime.co.in.
What are the post-issue shareholding details? After the IPO, the company’s total shareholding will increase to 1,52,89,698 shares from 1,14,01,698 shares.