Delta Autocorp Ltd

Delta Autocorp Ltd IPO

IPO Price Range: ₹123 - 130

We manufacture and sell 2W & 3W EVs using cutting edge components procured from reputed Original Equipment Manufacturers (OEMs) who use design & engineering specifications given by us using stateof-the-art manufacturing process. We supply specific components designed and compatible for our vehicles.

Min Investment

₹1,30,000

IPO Size

₹54 Cr

IPO Status

Closed

Quantity in 1 Lot

1000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Delta Autocorp Ltd

passed
Open Date7 Jan 2025
passed
Close Date9 Jan 2025
passed
Allotment Date10 Jan 2025
passed
Listing Date14 Jan 2025

IPO subscribed over

🚀 309.0026x

This IPO has been subscribed by 314.337x in retail and 178.6376x in QIB.

Subscription Rate

Total Subscription309.0026x
Retail Individual Investors314.337x
Qualified Institutional Buyers178.6376x
Non Institutional Investors624.7854x

Key Statistics

Bid Opening DateBid Opening Date7 Jan 2025
Bid Closing DateBid Closing Date9 Jan 2025
Allotment DateAllotment Date10 Jan 2025
Issue SizeIssue Size₹54.6Cr
Quantity in 1 lotQuantity in 1 lot1000

Strengths and Risks of Delta Autocorp Ltd IPO

Strengths

Strengths

  • Experienced Promoters and Management Team.

  • Customer Centric Approach.

  • In house Research and Development of Products.

  • Cracking the distribution model.

  • Tapping into the mass premium segment.

  • Quality Standard Certifications & Quality Test.

  • Diversified product range.


Risks

Risks

  • If the company electric vehicles contain defects, does not perform as per industry standards and/or fails to meet the performance levels advertised, its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and the company may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against the company.

  • Its success depends on the company ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.

  • The company is dependent on its dealers for sale of its product. Loss of any or all such dealer may have an adverse impact on its business, results of operations and financial conditions.

  • The Company is dependent on a few suppliers for purchases of products. The loss of any of these large suppliers may affect its business operations.

  • Its business is dependent on the company distribution network. An inability to expand or effectively manage its distributor network, or any disruptions in the company distribution network may have an adverse effect on its business, results of operations, financial condition and cash flows.

  • The company is dependent on third parties for its logistics and transportation needs. Any disruptions in the same may adversely affect the company operations, business, cash flows and financial conditions.

  • Its Registered Office, Corporate Office and Manufacturing units from where the company operate is not owned by it.

  • Its may not be able to compete successfully in the highly competitive and fast evolving automotive market.

  • Its operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with the company employees.

  • If there are changes in government regulations and the company is unable to meet the new requirements, it could negatively affect its business and operations.

Promoters Holding

Investors Holdings %
Ankit Agarwal79.65%
Priyanka Agarwal10.44%
Sanwarmallagarwalla1.5%
Bhama Agarwalla1.5%
Parsuram Sanwarmall Agarwalla1.5%

Frequently Asked Questions of Delta Autocorp Ltd IPO

  • What is the size of the Delta Autocorp Ltd IPO?

    The size of the Delta Autocorp Ltd IPO is ₹54.6Cr .

  • What is 'pre-apply' for Delta Autocorp Ltd IPO?

    'Pre-apply' for Delta Autocorp Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Delta Autocorp Ltd IPO order be placed?

    Your Delta Autocorp Ltd IPO order will be placed on 7 Jan 2025.

  • What are the open and close dates of the Delta Autocorp Ltd IPO?

    The open and close dates of the Delta Autocorp Ltd IPO are 7 Jan 2025 to 9 Jan 2025.

  • What is the lot size and minimum order quantity of the Delta Autocorp Ltd IPO?

    The lot size and minimum order quantity of the Delta Autocorp Ltd IPO are 1000 and 1000 respectively.

  • What would be the listing gains on the Delta Autocorp Ltd IPO?

    The potential listing gains on the Delta Autocorp Ltd IPO will depend on various market factors and cannot be predicted with certainty.