Delta Autocorp Limited
The company manufactures and sells electric two-wheelers (2W) and three-wheelers (3W) under the brand name "Deltic." It specializes in the production of EVs using cutting-edge components sourced from reputed Original Equipment Manufacturers (OEMs), based on the company’s own design and engineering specifications. Additionally, the company supplies specific components that are custom-designed and fully compatible with its range of vehicles.
Price Band₹123 - ₹130 |
Dates07 Jan - 09 Jan |
GMP₹0 (0.00%) |
Subscriptions342.21 times |
Issue Size₹54.60 Crs |
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 the Offer Expenses
IPO Details
Price Band₹123 - ₹130 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹50.54 Cr (38.88 L Shares) |
Offer For Sale₹4.06 Cr (3.12 L Shares) |
Total Issue₹54.60 Cr (42.00 L Shares) |
Face Value₹10 per equity share |
Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1,000
1,30,000
Maximum
1
1,000
1,30,000
|
|||
| NII |
Minimum
2
2,000
2,60,000
|
|||
Subscription
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 178.64 | 7,81,000 | 13,95,16,000 |
| NII | 624.79 | 5,87,000 | 36,67,49,000 |
| Retail | 314.34 | 13,68,000 | 43,00,13,000 |
| Total | 342.21 | 27,36,000 | 93,62,78,000 |
Grey Market Premium
The estimated Grey Market Premium of Delta Autocorp IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 2.94L Shares |
Financial Information
| Particulars | Oct-24 | Jul-23 to Mar-24 | Jul-23 | Mar-23 | Mar-22 |
|---|---|---|---|---|---|
| Revenue from Operations | 45.18 | 63.07 | 17.74 | 80.02 | 57.13 |
| Profit after Tax | 4.81 | 6.96 | 1.26 | 5.13 | 4.20 |
| Net Worth | 22.70 | 17.89 | 12.43 | 11.41 | 6.89 |
| Total Borrowing | 11.20 | 5.36 | 4.67 | 4.14 | 7.34 |
| Total Assets | 47.42 | 34.61 | 24.76 | 21.10 | 20.32 |
| NAV per share (in ₹) | 19.91 | 15.69 | 22.39 | 20.57 | 12.41 |
| EPS - Basic (in ₹) | 4.22 | 9.51 | 2.28 | 9.25 | 7.57 |
- The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 9.74% |
| PAT | 6.42% |
| ROE | 56.10% |
| ROCE | 49.30% |
| Debt to Equity | 0.36 |
| PE Ratio | 11.03 |
| PB Ratio | 8.29 |
| Mkt Cap (in Crs.) | 198.77 |
- All Ratios are based on Mar 23 data
- PE & PB Ratio are based on Mar 24 data
Peer Comparision
| Particulars | Delta Autocorp | Wardwizard Innovations & Mobility |
|---|---|---|
| Total Income (in Crs.) | 45.28 | 321.63 |
| EPS - Basic | 4.22 | 0.52 |
| NAV per share | 19.91 | 3.88 |
| RONW | 21.18% | 13.79% |
| Price to earning (PE) | 11.03 | 72.80 |
- Peer the information pertains to FY 2024-25, company information pertains to 31st Oct, 2024
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 20, 2025 for Peer
Peer Comparision
| Particulars | Delta Autocorp |
|---|---|
| Total Income (in Crs.) | 45.28 |
| EPS - Basic | 4.22 |
| NAV per share | 19.91 |
| RONW | 21.18% |
| Price to earning (PE) | 11.03 |
| Wardwizard Innovations & Mobility |
|---|
| 321.63 |
| 0.52 |
| 3.88 |
| 13.79% |
| 72.80 |
- Peer the information pertains to FY 2024-25, company information pertains to 31st Oct, 2024
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 20, 2025 for Peer
Promoter Details
| Name | Shareholding |
|---|---|
| Ankit Agarwal | 79.65% |
| Priyanka Agarwal | 10.44% |
| Other Promoter & Group | 7.50% |
Management Details
| Name | Designation |
|---|---|
| Ankit Agarwal | Chairman & MD |
| Priyanka Agarwal | WTD & CFO |
Company Details
Name: Delta Autocorp Limited
Address: 501-502, Fifth Floor, N.D.M-1,
Plot no. B-2-3-4, Netaji Subhash
Place, Pitampura, Delhi-110034
Number: +91 8448223541
Email: compliance@deltic.co
Website: www.deltic.co
Book Running Lead Managers (BRLMs)
GYR Capital
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