Delta Autocorp Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹105(80.77%)
Premium (ELP)
Delta Autocorp Limited's achieved publicly listed status following its IPO debut on Jan 14, 2025 at the NSE platform. The offering successfully mobilized 42,00,000 Shares, with 38,88,000 Shares allocated to corporate growth initiatives and ₹4.06 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹123 to ₹130, starting from minimum lots of 1000 shares. The subscription window from Jan 07, 2025 through Jan 09, 2025 enabled investor participation across market segments.
Share allocation was completed on Jan 10, 2025, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Delta Autocorp Limited, established in 2016, is a company that makes and sells electric 2-wheelers and 3-wheelers, meeting the growing demand for EVs in India. Starting with electric 3-wheelers, the company launched its first E-Rickshaw in 2017, offering an impressive range of over 150 km. In 2019, Delta expanded to electric 2-wheelers, introducing affordable and durable scooters designed for smaller cities and towns. With a strong network of 250+ dealers across 24 states and Union Territories, the company focuses on providing cost-effective and reliable products for businesses. As of January 31, 2024, Delta Autocorp has 141 employees and is working towards becoming a global leader in the EV industry.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Leadership: Led by a team of experts with deep knowledge and experience in the EV industry.
- Customer-Focused Solutions: Committed to providing smart, affordable solutions designed to meet market demands.
- In-House Innovation: Dedicated research and development to create high-performing, long-lasting products.
- Product Quality and Performance Risks: If our electric vehicles have defects or don’t perform well, it could damage our reputation, lead to recalls, and potentially involve legal issues.
- Challenges in Launching New Models: Bringing new EV models to market successfully—making sure they’re high-quality and produced at scale—is a big challenge.
- Dependence on Dealers: We rely on our dealer network for sales and support, so losing important dealers could hurt our operations, sales, and financial stability.
- Mr. Ankit Agarwal
- Mrs. Priyanka Agarwal
- Mr. Sanwarmall Agarwalla
Delta Autocorp Limited
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