Incorporated in 2016, Delta Autocorp Limited is engaged in the business of manufacturing and selling of 2-wheelers & 3-wheelers EVs.
The Company operates under the brand name “Deltic”. Initially concentrating 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.
After analysing market trends and changing customer preferences, 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.
The company operates through a network of over 300 dealers across 25 states and Union Territories, focusing on B2B transactions. The goal is to become a global brand with cost-effective, practical products and excellent service.
Their Products:
The company focuses on in-house product innovation through its R&D department in Uttar Pradesh, with 11 employees dedicated to designing electric vehicles based on customer needs and preferences.
As of 31 October 2024, the company has 139 employees.
Competitive Strength:
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 4,742.31 | 3,461.35 | 2,110.04 | 2,031.61 | ||||||||||||||||||||||||||||||||||||
| Revenue | 4,527.53 | 8,116.73 | 8,055.86 | 5,753.41 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 480.81 | 822 | 513.41 | 420.34 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,270.11 | 3,031.91 | 1,141.48 | 688.82 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,129.93 | 1,758.47 | ||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,120.31 | 1,003.3 | 413.6 | 733.57 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Delta Autocorp IPO is Rs 198.77 Cr.
KPI as of Fri, Mar 31, 2023.
| KPI | Values |
|---|---|
| ROE | 23.69% |
| ROCE | 19.32% |
| Debt/Equity | 0.49 |
| RoNW | 21.18% |
| PAT Margin | 10.64 |
| Price to Book Value | 6.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.21 | 5.39 |
| P/E (x) | 18.03 | 24.11 |
The finances are segregated for the period from 1st April 2024 to 31st October 2024, and for the period from 21st July 2023 to 31st March 2024. As these are not annualized, the KPIs have been updated based on the latest financial period from 1st April 2024 to 31st October 2024.
The objects of the Offer are:
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹130 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 42,00,000 shares (aggregating up to ₹54.60 Cr) |
| Fresh Issue | 38,88,000 shares (aggregating up to ₹ 50.54 Cr) |
| Offer for Sale | 3,12,000 shares of ₹10 (aggregating up to ₹4.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,14,01,698 shares |
| Share Holding Post Issue | 1,52,89,698 shares |
| Market Maker Portion | 2,94,000 shares |
Mr. Ankit Agarwal, Mrs. Priyanka Agarwal and Mr. Sanwarmall Agarwalla are the promoters of the company.
| Share Holding Pre Issue | 97.59% |
| Share Holding Post Issue |
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As per our analysis and Based on the information we have, this is the output.
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