Delta Autocorp Ltd IPO
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Delta Autocorp Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 42 L | ₹ 3.12 L | ₹ 13.68 L | ₹ 111.27 L | NSE | ₹ 54.6 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 07 Jan, 25 | 09 Jan, 25 | 1000 | ₹ 1,23,000 | Book Building - SME | 14 Jan, 25 |
Delta Autocorp Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Automobiles - Scooters And 3 - Wheelers |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 71.51x | 1951000 | 139516000 |
| NII | 624.79x | 587000 | 366749000 |
| Retail | 314.34x | 1368000 | 430013000 |
| Employee | 0x | 0 | 0 |
| Total | 222.92x | 4200000 | 936278000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Delta Autocorp Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9.46 | TBA | TBA |
| EBITDA | 9.74 | TBA | TBA |
| PAT | 6.84 | TBA | TBA |
| Total Assets | 30.95 | TBA | TBA |
| Share Capital | 0.31 | TBA | TBA |
| Total Borrowings | 9.85 | TBA | TBA |
| Operating Activities (Net Cash) | 7.12 | TBA | TBA |
| Investing Activities (Net Cash) | -1.03 | TBA | TBA |
| Financing Activities (Net Cash) | 9.85 | TBA | TBA |
| Net Cashflow | 0.86 | TBA | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Delta Autocorp Ltd
Delta Autocorp Limited was originally incorporated as Delta Autocorp LLP on May 20, 2016 under the provisions of Limited Liability Partnership Act, 2008 with Registrar of Companies, Kolkata vide (LLPIN:AAG-4165) and received a certificate of incorporation from the Registrar of Companies, Kolkata on May 20, 2016. Later, Delta Autocorp LLP was thereafter converted from a Limited Liability Partnership into a Private Limited Company under part I Chapter XXI of Section 366 of Companies Act, 2013 with the name of Delta Autocorp Private Limited and received a fresh certificate of incorporation from the Registrar of Companies, Central registration Centre on July 21, 2023. The Corporate Identification Number of the Company is U29304WB2023PTC263697. Later, the Company was converted into Public Limited Company and consequently name of company was changed from Delta Autocorp Private Limited to Delta Autocorp Limited vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 11th, 2023 and a fresh certificate of incorporation dated May 8th, 2024 issued by the Central Processing Centre.
The Indian automobile industry has historically been a good indicator of how well the economy is doing, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The two-wheelers segment dominates the market in terms of volume, owing to a growing middle class and a huge percentage of India's population being young. Moreover, the growing interest of companies in exploring the rural markets further aided the growth of the sector. The rising logistics and passenger transportation industries are driving up demand for commercial vehicles. Future market growth is anticipated to be fuelled by new trends including the electrification of vehicles, particularly three-wheelers and small passenger automobiles.
Delta Autocorp Limited manufactures and sells 2W & 3W EVs using cutting edge components procured from reputed Original Equipment Manufacturers (OEMs) who use design & engineering specifications given by the company using stateof-the-art manufacturing process. The Company supplies specific components designed and compatible for its vehicles.
Peer Comparison:
- Wardwizard Innovations & Mobility Ltd
Delta Autocorp Ltd IPO Key Points
Strengths
- Experienced Promoters and Management Team.
- Customer Centric Approach.
- In house Research and Development of Products.
- Cracking the distribution model.
- Tapping into the mass premium segment.
Risk
- If the company electric vehicles contain defects, does not perform as per industry standards and/or fails to meet the performance levels advertised, its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and the company may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against the company.
- Its success depends on the company ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.
- The company is dependent on its dealers for sale of its product. Loss of any or all such dealer may have an adverse impact on its business, results of operations and financial conditions.
Strategy
- New Product Development Philosophy.
- Network Expansion.
- Branding and Marketing.
- Strategic Tie Ups with Government.
- Deltic Service Center.
- Experienced Promoters and Management Team.
- Customer Centric Approach.
- In house Research and Development of Products.
- Cracking the distribution model.
- Tapping into the mass premium segment.
How To Apply for Delta Autocorp Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
