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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹54.60 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹54.60 Cr |
| Fresh Issue | ₹46.72 Cr |
| Offer for Sale | ₹4.06 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹123.00-130.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | DELTIC |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
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:
The company focuses on in-house product innovation through its R&D department in Uttar Pradesh, with 11 employees dedicated to designing electric vehicles based on customer needs and preferences.
As of 31 October 2024, the company has 139 employees.
Competitive Strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 23.69% |
| ROCE | 19.32% |
| Debt / Equity | 0.49% |
| RoNW | 21.18% |
| PAT Margin | 10.64% |
| Price to Book Value | 6.53 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.21 | 5.39 |
| P/E (x) | 18.03 | 24.11 |
| Promoter Holding | 97.59% | 72.76% |
| Market Cap | ₹198.77 Cr. | |
The finances are segregated for the period from 1st April 2024 to 31st October 2024, and for the period from 21st July 2023 to 31st March 2024. As these are not annualized, the KPIs have been updated based on the latest financial period from 1st April 2024 to 31st October 2024.
