Delta Autocorp SME IPO Details, Financials, Valuation & Peers
Explore Delta Autocorp IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Delta Autocorp Limited, operating under the brand name Deltic, specializes in the manufacturing and sale of cutting-edge electric 2W and 3W vehicles. Established initially as Delta Autocorp LLP in 2016, the company transitioned into a public limited entity in 2024. The company boasts a diversified product range, including electric scooters, e-rickshaws, e-loaders, and e-garbage carts, alongside spare parts and accessories. The company’s commitment to quality, affordability, and customer satisfaction is reflected in its extensive dealer network across 25 states and Union Territories in India, with a focus on B2B transactions. Delta Autocorp has a vision of becoming a globally recognized brand rooted in India while delivering practical, trend-setting, and reliable EV solutions.
Key Points:
- Product Portfolio:
- Electric 2W: Stylish, sturdy scooters with high ground clearance and spacious designs for Indian roads.
- Electric 3W: E-rickshaws, e-loaders, and e-garbage carts with features like enhanced torque, durability, and hill-grade performance.
- Spare parts and accessories, including motors, DC-DC converters, and speedometers.
- Market Reach:
- Over 300 dealers across 25 states and Union Territories in India.
- Focused on B2B transactions while exploring growth opportunities in tier-2 and tier-3 towns.
- Vision:
- To become a global brand delivering cost-effective and practical EV solutions.
- Uphold customer-centricity through post-sales trust and excellent service.
Objects of the Issue
- Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant;
- Investment in New Product Development
- Funding of working capital requirement
- General Corporate Purposes
- To meet out the Offer Expenses.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 07 Jan - 09 Jan 2025 |
| IPO Price Band | ₹123 - ₹130 per share |
| Fresh Issue | 38,88,000 shares (₹50.54 crore) |
| Offer For Sale | 3,12,000 shares (₹4.06 crore) |
| Total IPO Size | ₹54.60 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 07 Jan 2025 |
| IPO Closing Date | 09 Jan 2025 |
| Basis Of Allotment | 10 Jan 2025 |
| Refunds | 13 Jan 2025 |
| Demat Transfer | 13 Jan 2025 |
| IPO Listing Date | 14 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Oct 2024 |
|---|---|---|---|---|
| Total Income | 57.53 | 80.56 | 81.17 | 45.28 |
| Total Expenses | 51.89 | 73.69 | 70.18 | 38.85 |
| Net Profit/Loss | 4.20 | 5.13 | 8.22 | 4.81 |
| NPM (*) | 7.36 | 6.42 | NA | 10.64 |
| Total Assets | 20.32 | 21.10 | 34.61 | 47.42 |
| Total Liabilities | 13.35 | 9.69 | 16.72 | 24.72 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Oct 2024 |
|---|---|---|---|---|
| EPS | 7.57 | 9.25 | NA | 4.22 |
| ROE (%) | 51.76 | 56.10 | NA | 23.69 |
| ROCE (%) | 43.14 | 49.30 | NA | 19.32 |
| D/E Ratio | 1.06 | 0.36 | NA | 0.49 |
| Current Ratio | 1.66 | 2.57 | 2.20 | 1.99 |
| EBITDA MARGIN (%) | 10.82 | 9.74 | NA | 14.77 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Delta Autocorp Limited | 80.81 | NA | 4.22 | 21.18 | 19.91 |
| Wardwizard Innovations & Mobility Limited | NA | 72.80 | 0.52 | 13.79 | 3.88 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 178.64 |
| Non-Institutional Investor (NII/HNI) | 624.28 |
| Retail Individual Investor (RII) | 314.33 |
| Total | 342.1 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MR. ANKIT AGARWAL
- MRS. PRIYANKA AGARWAL
- MR. SANWARMALL AGARWALLA
Lead Managers
- GYR Capital Advisors Private Limited
Company Address
Delta Autocorp Limited
Plot No 304 P, PithakiarypostRupnarayanpur, Bardhaman, West Bengal, India, 713386
Phone: +91 8448223541
Email: compliance@deltic.co
Website: www.deltic.co
FAQs
- What is the issue size of the Delta Autocorp SME IPO?The Delta Autocorp SME IPO has an issue size of ₹54.60 crore. This includes a fresh issue of 38,88,000 shares (₹50.54 crore) and an offer for sale (OFS) of 3,12,000 shares (₹4.06 crore).
- What is the price band of the Delta Autocorp IPO?The price band for the Delta Autocorp IPO is ₹123 - ₹130 per share.
- What are the bidding dates for the Delta Autocorp IPO?The Delta Autocorp IPO will open for bidding on 07 Jan 2025 and close on 09 Jan 2025.
- What is the allotment date for the Delta Autocorp IPO?The allotment date for the Delta Autocorp IPO is 10 Jan 2025.
- What is the minimum lot size and investment required for the Delta Autocorp IPO?The minimum lot size for the Delta Autocorp IPO is 1000 shares and the minimum investment required is ₹1,30,000.
- What is the listing date for the Delta Autocorp IPO?The listing date for the Delta Autocorp IPO is 14 Jan 2025.
- What is the Delta Autocorp IPO grey market premium?The grey market premium (GMP) for the Delta Autocorp IPO is currently at ₹105, with an expected listing gain of approximately 80.77%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.