Delta Autocorp Limited

07 Jan 2025 - 09 Jan 2025 Individual Category SME NSE

Min Investment

₹130000

Price Band

₹123-₹130

Issue Size

30.3 lakhs
Equity Shares

Lot Size

1000

IPO Dates
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07 Jan 2025

Open Date

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09 Jan 2025

Close Date

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10 Jan 2025

Allotment Date

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14 Jan 2025

Listing Date

Delta Autocorp IPO open date is on January 7 to January 9, 2025. This new IPO is a book-built issue of 42 lakh equity shares. This upcoming IPO is a combination of fresh issue and offer-for-sale. Delta Autocorp IPO price band is Rs 123 to 130 per share. Delta Autocorp IPO GMP is 31 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online. Delta Autocorp IPO lot size is 1000 shares. The IPO allotment status live is to be finalised on January 10, 2025. The minimum investment for the retail investors for 1 lot is Rs 1,30,000. The registrar for the Delta Autocorp IPO is Link Intime India Private Limited. Delta Autocorp IPO listing date is January 14, 2025.

Know Before Investing

Strengths icon

  • Experienced promoters and management team.
  • Customer-oriented approach.
  • In-house research and development of products.
  • Cracking the distribution model.

Weaknesses icon

  • Ability to successfully develop introduce manufacture market and deliver new electric vehicle models of high quality on schedule and on a large scale.
  • Dependent on our dealers for sale of product.
  • Company is dependent on a few suppliers for purchases of products.

About Delta Autocorp Limited

Delta Autocorp Limited was incorporated in 2016, engaged in the business of manufacturing and selling 2 wheelers and 3 wheelers. The company is working 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.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.Delta Autocorp Limited operates through a network of over 250 dealers across 24 states and Union Territories, focusing on B2B transactions. The goal is to become a global brand with cost-effective, practical products and excellent service.

Founded

2016

Managing Director

Mr.Ankit Agarwal

Parent Organization

IPO Objectives

The funds raised from Delta Autocorp IPO will be used for setting up a new two-wheeler fabrication plant and painting plant. Investment in the new product development, funding the day-to-day capital needs and to fulfill the general corporate purposes.

Company Promoters

Mr Ankit Agarwal

Mrs Priyanka Agarwal

Mr Sanwarmall Agarwalla

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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