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15 Days Price Change

Delta Autocorp IPO

Closing In

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Issue Size --
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Price Range 123  to  130 per share
Profile
Min Investment ₹130
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Incorporated in 2016, Delta Autocorp Limited specializes in the manufacturing and sale of electric 2-wheelers and 3-wheelers under the brand name "Deltic." Initially focused on developing electric 3-wheeler prototypes, the company achieved a major milestone in 2017 with the launch of its first E-Rickshaw, offering an impressive mileage of over 150 km. Responding to evolving market trends and customer demands, Delta Autocorp expanded its product offerings to include electric 2-wheelers. Prototype development for these vehicles began in 2018, and by 2019, the company introduced affordable, durable scooters designed for tier-2 and tier-3 towns. The company operates a network of over 300 dealers across 25 states and Union Territories, primarily focusing on B2B transactions. Delta Autocorp aims to become a global brand by offering cost-effective, practical products paired with excellent customer service. Its product range includes electric 2W scooters (Deltic Drixx, Deltic Trento), electric 3W rickshaws (Deltic Star, Deltic Vayu), 3W loaders, 3W garbage carts, and spare parts and accessories like 3W controllers and motors. Delta Autocorp’s competitive strengths include its experienced management team, customer-centric approach, in-house R&D capabilities, innovative distribution model, focus on the mass premium segment, adherence to quality certifications and tests, and a diverse product range. Read More

Basic Info

Face Value 10 per share

Price 123  to  130 per share

P/E (x) 23.6

Sales( Cr.) 83

PAT( Cr.) 8

EPS 5.5

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Ankit Agarwal Mrs. Priyanka Agarwal Mr. Sanwarmall Agarwalla

Pre Issue Share Holding 100%

Post Issue Share Holding 40.45%

Listing Details:

Listing Price: 175

Listing Gain: 25.71%

Current Price: 43

Gain On Issue: 43 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jan 07, 2025
Closing Date Jan 09, 2025
Allotment Jan 10, 2025
Refund Jan 13, 2025
Delivery of Shares Jan 13, 2025
Listing Date Jan 14, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 130,000
Retail (Max) 1 1000 130,000
S-HNI (Min) 2 2000 260,000
S-HNI (Max) 7 7000 910,000
B-HNI (Min) 8 8000 1,040,000

Objective of the Issue

1. Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant and Painting Plant. 2.Investment in New Product Development. 3. Funding of working capital requirement. 4. General Corporate Purposes. 5. To meet out the Offer Expenses.

Issue

Category Nos Bid Bid (x)
QIB 2100000 375144000 178.6x
NII 630000 393296400 624.3x
Retail 1470000 462065100 314.3x
EMP 0 0 0x
Total 4200000 1436820000 342.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Delta Autocorp Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 63 83
Other Income 0 1
Total Income 63 84
Total Expenditure 54 72
Operating Profit 10 12
Interest 0 0
Depreciation 0 0
Exceptional Income / Expenses 0 0
Profit Before Tax 9 11
Provision for Tax 2 3
Profit After Tax 7 8
Adjustments 0 0
Profit After Adjustments 7 8
Adjusted Earnings Per Share 6 5.5

Delta Autocorp Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 18 73
Minority's Interest 0 0
Borrowings 0 0
Other Non-Current Liabilities 3 2
Total Current Liabilities 15 12
Total Liabilities 35 88
Fixed Assets 1 1
Other Non-Current Assets 1 3
Total Current Assets 33 84
Total Assets 35 88

Delta Autocorp Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1
Cash Flow from Operating Activities -14 -13
Cash Flow from Investing Activities 0 -2
Cash Flow from Financing Activities 15 47
Net Cash Inflow / Outflow 1 32
Closing Cash & Cash Equivalent 1 33

Delta Autocorp Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 6 5.49
CEPS(Rs) 6.25 5.68
DPS(Rs) 0 0
Book NAV/Share(Rs) 15.59 47.78
Core EBITDA Margin(%) 14.67 13.22
EBIT Margin(%) 14.65 13.86
Pre Tax Margin(%) 14.55 13.6
PAT Margin (%) 10.84 10.1
Cash Profit Margin (%) 11.29 10.44
ROA(%) 19.35 13.65
ROE(%) 38.48 18.49
ROCE(%) 42.67 23.39
Receivable days 16.32 42.62
Inventory Days 100.8 78.27
Payable days 57.08 32.78
PER(x) 0 12.6
Price/Book(x) 0 1.45
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.05 0.92
EV/Core EBITDA(x) 0.35 6.51
Net Sales Growth(%) 0 31.89
EBIT Growth(%) 0 24.8
PAT Growth(%) 0 22.8
EPS Growth(%) 0 -8.41
Debt/Equity(x) 0.22 0.05
Current Ratio(x) 2.23 6.84
Quick Ratio(x) 1.06 5.35
Interest Cover(x) 149.71 53.62
Total Debt/Mcap(x) 0 0.04

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 32% 0% 0% 0%
Operating Profit CAGR 20% 0% 0% 0%
PAT CAGR 14% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -38% NA% NA% NA%
ROE Average 18% 28% 28% 28%
ROCE Average 23% 33% 33% 33%

Company Contact Information

Delta Autocorp Ltd.

Plot No 304 P Pithakiary Post Rupnarayanpur

IPO Lead Manager(s)

Delta Autocorp Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

Delta Autocorp Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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