Delta Autocorp Ltd Share Price

(DELTIC)

Delta Autocorp Limited was originally incorporated as Delta Autocorp LLP on May 20 2016 with Registrar of Companies Kolkata. Later Delta Autocorp LLP thereafter converted from a Limited Liability Partnership into a Private Limited with the name of Delta Autocorp Private Limited and received a fresh Certificate of Incorporation from the Registrar of Companies Central Registration Centre on July 21 2023. Later the status converted into Public Limited and the Company name changed to Delta Autocorp Limited and a fresh Certificate of Incorporation dated May 8 2024 was issued by the Central Processing Centre.The Company began with the establishment of Delta Autocorp LLP in 2016 by visionary promoter Mr. Ankit Agarwal. Initially concentrating on development of electric 3W prototypes it marked a significant milestone in 2017 with the launch of first ERickshaw boasting an impressive mileage of over 150 Kms. Furthermore Research and Development RD Department implemented several enhancements including refining the aerodynamic structure of Erickshaws for optimal performance even on hilly terrains. Additionally it boosted the torque improved strength durability by using stronger metallurgy and improved the gradability to a range of 7 to 10 degrees in ERickshaws. These notable advancements contribute significantly to meeting the evolving demands of the market.The year 2018 saw the commencement of prototype development for electric 2W and in 2019 the Company unveiled their inaugural electric 2W model. Hence the Company launched well designed full scooters suitable to run on Indian roads with high ground clearance good footboard space and a large seat at very reasonable price coming at a very pocket friendly price. Moreover in the interest of longevity cost efficiency and customer safety the Company is transitioning to Lithium Ferro Phosphate LFP batteries from NickelManganeseCobalt NMC batteries.In 2020 New model of electric scooter Drixx launched in 2020. Two facelift models of E Rickshaw launched in 2021. The new model of electric scooter was launched in 2022. Two high speed scooter launched in 2023. The Companys main business is to manufacture and sell 2W 3W EVs using cutting edge components procured from reputed Original Equipment Manufacturers OEMs who use design engineering specifications using stateoftheart manufacturing process. It supply specific components designed and compatible for their vehicles.The Company is planning an IPO aggregating upto 4200000 Equity Shares consisting a Fresh Issue of 3888000 Equity Shares and 312000 Equity Shares through Offer for Sale..

Listing date: 14 Jan, 2025
Chairperson Name: Ankit Agarwal